DUBLIN, June 12, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/xm84ms/seasonings_and) has announced the addition of the "Seasonings and Spices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" report to their offering.
Seasonings and spices form an integral part of any cuisine as it is responsible for developing the taste and aroma associated with the cuisine. The seasonings and spices market is considered to be one of the most recession-proof markets since during uncertain economic conditions, consumers prefer in-house preparation and consumption rather than opting for the expensive choice of eating out or having ready-meals. However, when the economy is in good shape the situation is reverse.
Major growth drivers for the industry are increasing demand for foreign cuisines, such as Italian and French and changing consumer food habits in Asian countries. Use of certain spices and herbs in medicinal fields has also resulted in increased demand for seasonings and spices. Asian countries such as India are the major producers of seasonings and spices.
The seasonings and spices market is segmented into five broad segments: Salt and Salt Substitutes, Pepper, Herbs, Spices and Others. Salt and salt substitutes and pepper dominates the market, constituting more than 50% of the global market share. As of 2012, Asia-Pacific accounts for about 66% of global seasonings and spices consumption, by volume and is expected to increase its share to about 69% by 2019. In terms of value, Europe leads the global seasonings and spices market in 2012 with around 35% share, followed by Asia-Pacific with about 31% share.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Seasonings and Spices - Market Overview
Chapter 4 Seasonings and Spices - By Product Analysis
Chapter 5 Seasonings and Spices - Regional Analysis
Chapter 6 Competitive Landscape
Chapter 7 Company Profiles
- Baria Pepper
- Bart Ingredients
- Everest Spices
- Kraft Foods
- MDH Spices
- McCormick & Company
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SOURCE Research and Markets