Dried Spices

Sales Of Dried Spices To Surpass US$ 8.6 Billion By 2031

Food and beverages

The latest study done by Fact.MR on the dried spices market opines that dried spices have a positive perception among consumers, as these are thought to be beneficial to health and well-being. In Asia Pacific, dried spices have been used for centuries in household cooking owing to their benefits in flavoring as well as their medicinal properties. Their popularity has witnessed an increase in Europe and North America, with many households and restaurants adopting dried spices in cooking. Increasing awareness about the benefits of dried spices is likely to contribute to the growth of the market during the assessment period.

For More Insights Into The Market, Request a Sample of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=349

Key Segments Covered

  • Product

    • Pepper
    • Paprika
    • Cardamom
    • Cloves
    • Turmeric
    • Cumin
    • Nutmeg
    • Ginger
    • Cinnamon
    • Other Dried Spices
  • Nature

    • Conventional Dried Spices
    • Organic Dried Spices
  • Sales Channel

    • Supermarkets/Hypermarkets
    • Convenience Stores
    • Speciality Stores
    • Department Stores
    • Online Stores
    • Other Sales Channels
  • Form

    • Powdered Dried Spices
    • Granule Dried Spices
    • Whole Dried Spices

Competitive Landscape

Prominent market players are reliant on forging collaborative agreements and acquisition of existing small, medium and large scale dried spices and seasonings manufacturers as some of their primary expansion strategies. Other key approaches include introducing new flavors and combinations of various spices. Notable developments are as follows:

  • In September 2021, McCormick & Company, Inc and Heifer International announced a partnership that would support sustainable incomes for Spice Farmers in Guatemala. Through this partnership, the companies are focusing on investing in cardamom and allspice. This, in turn, will increase income for farmers in the region
  • In December 2018, Kerry Group announced an agreement to acquire two seasonings companies- Ariake USA, the North American Division of Ariake Japan Co., and Southeastern Mills North American coatings and seasonings business, enhancing the company’s authentic taste and clean label portfolio

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