DUBLIN--(BUSINESS WIRE)--Sep 6, 2018--The "Global Seasoning and Spices Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global seasoning and spices market is expected to register a CAGR of 4.76% during the forecast period (2018-2023).

Nutritional benefits derived from seasonings and spices, such as cinnamon, nutmeg, basil and turmeric, among others, have proved to be a key factor promoting the growth of the seasonings and spices market.

Burgeoning Demand for Processed Food

The growth of the processed food industry is fueling an increase in the global market for seasonings and spices, in both developed and developing countries.

There has been an increase in consumer spending on baked goods, confectionery products and ready-to-eat & fried food, particularly in developed economies. As a consequence, sectors such as bakery, confectionery and prepared food are buying more spices.

In addition, these products increase the demand for crushed and ground spices and herbs, as well as spice and herb mixtures. As a consequence of which, the demand for spices and herbs will continue to grow.

Notable Highlights

Herbs Likely to Register Highest Growth Rate North America at the Leading Front

Key Market Developments

McCormick had expanded their portfolio with organic core herbs and spices and homemade dessert products in France, and gluten free recipe mixes in the United Kingdom. Sensient launched value-added taste modulations sourced from Natural Origins botanicals collection includes herbs such as hop, basil and sage, spices such as cardamom, saffron and pink pepper.

Key Topics Covered

1. Introduction

2. Market Insights

3. Market Dynamics

4. Market Segmentation

5. Regional Analysis

6. Competitive Landscape

7. Company Profiles

Mccormick & Company Inc. Associated British Foods PLC Olam International Kerry Group B&G Foods Inc. The Kraft Heinz Company Sensient Technologies Doehler GmbH The Bart Ingredients Co. Ltd. DS Group Goya Foods Inc. Worle Gruppe Frontier Co-op Cargill Inc. Archer Daniel Midland Corbion N.V.

For more information about this report visit https://www.researchandmarkets.com/research/gd699c/global_seasoning?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180906005610/en/

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Related Topics:Spices and Seasonings

KEYWORD:

INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/06/2018 10:29 AM/DISC: 09/06/2018 10:28 AM

http://www.businesswire.com/news/home/20180906005610/en