Global Dried Spices Market is Anticipated to Flourish at a CAGR of 3.8% by 2023
A recent report by KD market insights titled as "Dried Spices Market – By Product Type (Mixed and Individual Spices, Dried Herbs, Salt, Others), By Form (Powdered, Whole Dried Spices), By Distribution Channel (Hypermarket/ Supermarket, Grocery Stores, Online Channel, Others) & Global Region - Market Size, Share, Trends and Forecast 2018-2023" provides the key trends, opportunities and challenges market will face in the forecasted period of 6 years i.e. 2018-2023. The study also provides the Dried Spices Market competitors share and region wise analysis around the globe.
Global Dried spices market accounted for USD 12,598.7 million in 2017 and is estimated to reach USD 17,273.2 million in 2023, registering a compound annual growth rate (CAGR) of 3.8% between 2017 and 2023.
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Growth Drivers & Barriers
Alleged healthcare benefits of dried spices are set to spearhead the growth of the market in the upcoming years. These benefits include calorie-free flavors and sodium, prevention of heart diseases, diabetes, among others. Dried spices also pose anti-oxidants antioxidants property. Dried spices are also being increasingly utilized for boosting the flavor of food. This factor is environed to bolster the growth of the market.
Rising demand for good aroma is believed to intensify the demand for dried spices in the years ahead. Manufacturers are using dried spices to enhance the aroma and add spicy tinge to aromatherapy products. These factors are further believed to impel the growth of the market.
Innovations and new product development such as ready-to-use dried spices is gaining traction in the market. Further, macroeconomic trends such as increasing global population and rising disposable income are expected to aid the growth of the market during the forecast period.
Regional Outlook:
In the terms of geography, the dried spices market is analyzed into North America, Latin America, Asia Pacific, Europe and Middle East & Africa. Among these regions, Europe is slated to account for highest percentage of market share in overall dried spices market during the forecast period. Asia Pacific dried spices market accounted for second position in overall dried spices market in 2017.
Segmentation
The research offers a comprehensive analysis of dried spices market with respect to following sub-markets:
By Product Type
Mixed and Individual Spices
- Pepper
- Paprika
- Allspice (Pimento)
- Capsicum
- Cardamom
- Cloves
- Coriander
- Turmeric
- Cumin
- Caraway
- Nutmeg
- Ginger
- Cinnamon
- Others
Dried Herbs
- Oregano
- Thyme
- Parsley
- Marjoram
- Bay Leaves
- Mint
- Savoury
- Others
Salt
Others
By Form
Powdered
Whole Dried Spices
By Distribution Channel
Hypermarket/ Supermarket
Grocery Stores
Online Channel
Others
By Geography
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape
The report profiles various major market players such as
DS Group
The Kraft Heinz Company
Ajinomoto Co. Inc.
Knorr Foods Co., Ltd.
McCormick & Company
Bart Ingredients Company Ltd.
Baria Pepper
MDH Pvt. Ltd.
Everest Spices company
Others Major and Niche Key Players
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Table of Contents@
Research Methodology
Market Definition and List of Abbreviations
Executive Summary
Growth Drivers & Barriers in Global Dried Spices Market
Global Dried Spices Market Trends
Opportunities in Global Dried Spices Market
Recent Industry Activities, 2018
Porter's Five Forces Analysis
Global Dried Spices Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8. Global Dried Spices Market Segmentation Analysis, By Product Type
8.1. Introduction
8.2. Market Attractiveness, By Product Type
8.3. BPS Analysis, By Product Type
8.4. Mixed and Individual Spices Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.4.1. Pepper
8.4.2. Paprika
8.4.3. Allspice (Pimento)
8.4.4. Capsicum
8.4.5. Cardamom
8.4.6. Cloves
8.4.7. Coriander
8.4.8. Turmeric
8.4.9. Cumin
8.4.10. Caraway
8.4.11. Nutmeg
8.4.12. Ginger
8.4.13. Cinnamon
8.4.14. Others
8.5. Dried Herbs Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.5.1. Oregano
8.5.2. Thyme
8.5.3. Parsley
8.5.4. Marjoram
8.5.5. Bay Leaves
8.5.6. Mint
8.5.7. Savoury
8.5.8. Others
8.6. Salt Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.7. Others Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9. Global Dried Spices Market Segmentation Analysis, By Form
9.1. Introduction
9.2. Market Attractiveness, By Form
9.3. BPS Analysis, By Form
9.4. Powdered Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.5. Whole Dried Spices Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10. Global Dried Spices Market Segmentation Analysis, By Distribution Channel
10.1. Introduction
10.2. Market Attractiveness, By Distribution Channel
10.3. BPS Analysis, By Distribution Channel
10.4. Hypermarket/ Supermarket Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.5. Grocery Stores Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.6. Online Channel Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.7. Others Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
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