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
|Europe Seasoning and Spices Market - Growth, Trends, and Forecast (2019 - 2024)|
|Published: February 1, 2019||Content info: 90 Pages||
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 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.
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.
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.