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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Asia Pacific to Continue as the Leading Consumer of the Global
Seasonings and Spices Market - Market Share to Rise to 69% by 2019
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Seasonings and Spices Market
REPORT DESCRIPTION
Seasonings and spices are crucial ingredients of any preparation, since they determine the flavor of the
recipe. Seasonings and spices also define a cuisine, as all major cuisines have their own arsenal of major
seasonings and spices, which impart the respective cuisine its distinct taste profile. The global market for
seasonings and spices has, in fact, played a key role in human history, as the lack of favorable
environmental conditions in Europe led to several European nations establishing outposts in Asia and
certain spices becoming, at one point, equal in value to gold and precious stones. In the modern world, the
balance seems to have reversed, with the growing popularity of Western European cuisines in Southeast
Asia expected to be a major driver propelling the global seasonings and spices in the coming years.
The global market for seasonings and spices was worth US$12.7 bn in 2012. Exhibiting a 4.80% CAGR from
2013 to 2019, the global seasonings and spices market is expected to rise to a net valuation of US$16.6 bn
by 2019. The market has sustained itself in recent years despite the economic troubles around the world,
due to the crucial place spices and condiments hold in any cuisine. Due to the growing demand for diverse
cuisines around the world, the global seasonings and spices market is expected to witness a steady growth
in demand....