Transparency Market
Research
Seasonings and Spices Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2013 - 2019
Published Date
21-03-2014
116 Page Report
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Press Release
Substantial Shift in Eating Habits to Boost Sales of Seasonings and
Spices, Reports TMR
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Seasonings and Spices Market
REPORT DESCRIPTION
Globalization and changing demographics have been the key drivers of the global seasonings and spices
market. The rising globalization has attracted consumers from around the world towards ethnic cuisines.
While this considerably fuelled the use of ethnic seasonings and spices in western food it also construes
the robust expansion of the market worldwide. For instance, despite its smaller size compared to the other
countries in Europe, the U.K. accounts for approximately 30% of the annual turmeric imports in the
European Union, connoting the popularity of Indian cuisines in the country.
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Furthermore, Indian and Chinese cuisines hold top slots in the takeaway food category of the U.K.,
surpassing other European foods, including Italian. According to Transparency Market Research (TMR), a
curry restaurant in the U.K. serves over 2.5 million customers weekly, of whom majority are from the U.K.
As per TMR, the global seasonings and spices market is poised to expand at a CAGR of 4.8% between 2013
and 2019, to reach US$16.6 bn by the end of 2019. The market was valued at US$12.7 bn in 2012.
Q: How does the fragmented nature of the global seasonings and spices market effect its
trajectory?
A: With the top six companies holding a meager 15% share in the market in 2012, the...