The Global Dried Spices Market is projected to grow at a CAGR of 4.67 % during the forecast period, from 2022 to 2029,to reach a market size of USD 25.42 billion by 2029, up from USD 18.47 billion in 2022.
The Global Dried Spices Market Overview
The Global Dried Spices Market 2021 report by Maximize Market Research is a comprehensive analysis of the market, including its regional insights, changing trends, industry environment, and key players. The report is based on both primary and secondary research, and the results are presented in a logical and easy-to-understand format.
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The Global Dried Spices Market Dynamics
Increasing Consumer Interest in Diverse Flavors: The growing consumer preference for diverse and exotic tastes is a crucial driver of the Dried spices industry. Customers are seeking out new culinary experiences and exploring global cuisines. Dried spices make it simple to experiment with various flavor profiles and make real international dishes at home. They also add depth, scent, and complexity to food. This demand for a variety of flavors drives market expansion and motivates spice suppliers and producers to broaden their product lines and meet changing consumer tastes.
The Global Dried Spices Market Scope
MMR’s research provides a comprehensive overview of the The Global Dried Spices market, identifying the leading global companies based on factors such as volume, value, market share, strategies, and industry growth. The research also offers strategies for existing and new market entrants, and is expected to help businesses improve their market position. The report includes market revenue by region and country, as well as segmentation by type and end users.
The Global Dried Spices Market Segmentation
Type: Powdered spices are the most popular type of dry spice, followed by granulated and whole-dried spices in terms of demand. Due to their ease of use and storage, powdered spices excel in comparison to other categories. When it comes to shelf life, ground spices outperform whole-dried spices.
Application: Households account for the largest share of customers of dried spices, surpassing businesses in importance. Dry spice buyers are primarily in the food industry, with the cosmetics sector coming in second.
Distribution channel: For dry spices, offline channels continue to be predominate, while the online channel is expanding quickly. The simplicity and cost of online buying are two factors driving the expansion of the online channel.
Consumer behavior: More and more health-conscious shoppers are looking for dry spices that are natural and organic. The demand for ethnic spices is being driven by ethnic consumers. Customers that value convenience seek out pre-ground and pre-measured spices. Consumers on a tight budget are shopping for inexpensive dry spices.
Dried Spices Market, by Type(2022-2029)
1. Powdered spices
2. Granulated spices
3. Whole dried spices
Dried Spices Market, by Application (2022-2029)
1. Home use
2. Commercial use
3. Food industry
4. Cosmetic industry
5. Others
Dried Spices Market, by Distribution channel(2022-2029)
1. Offline channels
2. Online channels
Dried Spices Market, by Consumer Behaviour (2022-2029)
1. Health-conscious consumers
2. Ethnic consumers
3. Convenience-seeking consumers
4. Price-sensitive consumers
Dried Spices Market, by Region (2022-2029)
5. North America
5. Europe
5. Asia Pacific
5. Middle East and Africa
5. South America
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The Global Dried Spices Market Key Players
1. McCormick & Company
2. Olam International
3. The Kraft Heinz Company
4. Ajinomoto Co. Inc.
5. Everest Spices
6. Badia Spices Inc.
7. Simply Organic (Frontier Co-op)ss
8. The Spice House
9. Bart Ingredients
10. Pacific Spice Company Inc.
11. Adams Extract & Spice LLC
12. ARIAKE Japan Co. Ltd.
13. Naturevibe Botanicals
14. The Spice Hunter
15. S&B Foods Inc.
Regional Analysis
The report is focused on the five most important regions for the The Global Dried Spices market: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. These regions are responsible for the majority of the world’s The Global Dried Spices consumption.
Key Questions answered in the The Global Dried Spices Market Report are:
- What is The Global Dried Spices?
- What is the forecast period of the The Global Dried Spices Market?
- What is the competitive scenario of the The Global Dried Spices market?
- Which region held the largest market share in the The Global Dried Spices Market?
- What are the opportunities for the The Global Dried Spices Market?
- What are the restraining factors in the The Global Dried Spices market?
- Who are the key players of the The Global Dried Spices market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by The Global Dried Spices#
- Landscape- Leading key players and other prominent key players.
- Price Trends
- Key Opinion Leaders Offerings
- Government Initiatives
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