Asia-Pacific Seasoning and Spices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Asia-Pacific Seasoning and Spices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Asia-Pacific Seasoning and Spices Market is projected to register at a CAGR of 5.5% over the forecast period (2020-2025).

Key Highlights

• There is a tremendous demand for pure and organic herbs all across the globe. Countries like India, China, and Vietnam in the Asia-Pacific region are promoting organic cultivation of spices, which turns out to be healthier than conventional spices.
• The high growth in this region can be attributed to the rising demand for different spices as the demand for western cuisine is gaining momentum in areas like India and China.

Key Market TrendsRising demand for different spices as the demand for western cuisine is gaining momentum in the region

With western foods becoming increasingly accessible and mainstream, consumers are developing an appetite for new and exciting spices and seasonings. Reasons for this increase in western cuisine include, the growing multicultural population and the fact that people are travelling more and more to exotic destinations. As a result, the demand for spices, herbs, and seasonings used in exotic cuisine is also growing. This growing demand for western food in Asia-Pacific had led to significant growth in Asian region imports of spices, herbs and seasonings from developing countries, which in turn boosting the growth of western cuisines in the region.

Growing Demand for Organic food with organic ingredients

The major driving factor of global spices & seasonings market are growing middle class population, increasing awareness amongst end-user regarding the health and increased usage of spices as natural preservatives. Moreover, the rapid increase in demand for healthy and nutrition-rich foods from the health-conscious young population globally has broader the consumer base of this segment of organic food products.

Competitive Landscape

Asia-Pacific spices and seasonings market is highly fragmented and competitive with the presence of various players. The companies are making themselves more competitive by strengthening their distribution systems, entering into partnerships, acquisitions, entering new regions, expanding product range etc. The major players active in the region are are McCormick & Company, Inc., Kerry Ingredients, Sensient Natural Ingredients, Dohler GmbH, Frontier Co-op, among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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