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Market Research Report

Europe Seasoning and Spices Market - Growth, Trends, and Forecast (2019 - 2024)

Published by Mordor Intelligence LLP Product code 389729
Published Content info 90 Pages
Delivery time: 2-3 business days
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Europe Seasoning and Spices Market - Growth, Trends, and Forecast (2019 - 2024)
Published: February 1, 2019 Content info: 90 Pages
Description

Market Overview

Europe Seasoning and Spices Market is forecasted to reach USD 8.45 Billion by 2024 growing at a CAGR of 4.33% during the forecast period (2019 - 2024)

  • The demand for easy-to-prepare and ready-cooked meals is increasing in Europe. European consumers are spending less and less time on preparing meals, due to their busy schedules, while the number of single households is increasing.
  • .Adulteration is often practiced by manufacturers in the marketing of spices and seasonings to gain additional profit.They are mixed with fillers, ranging from cheap spice extracts to flours. Some toxic and carcinogenic dyes are also added to spices, to enhance their color and appeal which poses a great threat to the public health.

Scope of the Report

The market study of Europe seasoning and spices market is available as salt, herb and spice. Herb are sub-segmented as thyme, basil, oregano, parsley and other herbs. Spice are sub-segmented as pepper, cardamom, cinnamon, clove, nutmeg and other spices. By Application, the market is segmented as bakery and confectionery, soup, meat and seafood, sauce, salad and dressing, savory snack and other applications.

Key Market Trends

Growing popularity for ethnic food

With ethnic foods becoming increasingly accessible and mainstream, consumers are developing an appetite for new and exciting spices and seasonings.Reasons for this increase in ethnic 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 ethnic food in Europe had led to significant growth in European imports of spices, herbs and seasonings from developing countries, there has been a 6.6% annual growth of such imports for 2013-2017. 97% European imports of spices, herbs and seasonings come from developing countries, a significant upward trend in these imports reflect expanding demand and consequently rapidly expanding European spices and seasonings market.

Growing preference For Spices and Seasonings in Germany

European Consumers have a high demand for a healthy lifestyle and hence they are increasingly looking for healthy food options. In 2006, the International Food Ingredients European consumer survey found that 60% more Germany consumers demand healthy food and drinks. Hence the same trend is noticed among consumers when considering herbs and spices, consumers not only want to add flavor to meals but are also demanding spices because of major health benefits associated. For instance, Cinnamon has highest antioxidant value, Basil contains antibacterial properties, Turmeric boosts brain function and similarly, there are several health benefits associated with all spices and herbs, this is a major factor which is attracting more and more Germany consumers to spices and herbs market.

Competitive Landscape

Europe Spices & seasonings market is highly competitive in nature due to presence of many domestic and international players. Saigon Hanoi Imexco Ltd., Doehler Group SE, Fuchs North America, Kerry Group plc, McCormick & Company Inc. are dominant players in the market.The major players involved in the manufacturing or marketing of final produces within the industry, have started to incorporate the most valued and tasted recipes in designing and selling their products.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • Report customization as per the client's requirements
  • 3 months of analyst support
Table of Contents
Product Code: 53717

Table of Contents

1 INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

  • 3.1 Market Overview

4 MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

  • 5.1 By Product Type
    • 5.1.1 Salt and Salt Substitute
    • 5.1.2 Herb
      • 5.1.2.1 Thyme
      • 5.1.2.2 Basil
      • 5.1.2.3 Oregano
      • 5.1.2.4 Parsley
      • 5.1.2.5 Other Herbs
    • 5.1.3 Spice
      • 5.1.3.1 Pepper
      • 5.1.3.2 Cardamom
      • 5.1.3.3 Cinnamon
      • 5.1.3.4 Clove
      • 5.1.3.5 Nutmeg
      • 5.1.3.6 Other Spices
  • 5.2 By Application
    • 5.2.1 Bakery and Confectionery
    • 5.2.2 Soup
    • 5.2.3 Meat and Seafood
    • 5.2.4 Sauce, Salad, and Dressing
    • 5.2.5 Savory Snack
    • 5.2.6 Other Applications
  • 5.3 Geography
    • 5.3.1 Europe
      • 5.3.1.1 Spain
      • 5.3.1.2 United Kingdom
      • 5.3.1.3 Germany
      • 5.3.1.4 France
      • 5.3.1.5 Italy
      • 5.3.1.6 Russia
      • 5.3.1.7 Rest of Europe

6 COMPETITIVE LANDSCAPE

  • 6.1 Most Active Companies
  • 6.2 Most Adopted Strategies
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles
    • 6.4.1 SAIGON HANOI IMEXCO LTD.
    • 6.4.2 Doehler Group SE
    • 6.4.3 Fuchs North America
    • 6.4.4 Kerry Group plc
    • 6.4.5 McCormick & Company Inc.
    • 6.4.6 E.H. Worle & Co. (GmbH. & Co.) KG
    • 6.4.7 Solina Group
    • 6.4.8 Husarich GmbH

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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