Spice Market by Type Application & Region - Global Trends & Forecast to 2019

  • ID: 3068407
  • Report
  • Region: Global
  • 172 Pages
  • Markets and Markets
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The market for spice is projected to exceed $10 Billion by 2019 at a CAGR of about 5%.

FEATURED COMPANIES

  • Ajinomoto Co., Inc.
  • Ariake Japan Company Ltd.
  • Associated British Foods
  • Döhler Group
  • Kerry Group Plc
  • Mccormick & Company
  • MORE
Spice Market by Type (Pepper, Turmeric, Nutmeg, Ginger, Coriander, Cinnamon, Cumin, Clove, Cardamom, Garlic) Application (Bakery, Confectionery, Frozen Food, Soup, Sauces, Beverage, Meat, Snacks, Convenience Food) & Region - Global Trends & Forecast to 2019

The market for spices is observed to be growing at a low rate in developed economies such as Europe and North America as compared to developing companies due to the matured industrial sector in the former. The meat and poultry industry is still consuming the majority of spices and consumption will continue to grow at the healthy rate. As spices are the best natural preservatives and consumer preference for chemical preservatives is declining, the spice market for the meat industry will continue to grow. The North American region formed the largest market for spices, and was valued at $3,159.4 million in 2013.

Asia-Pacific is projected to be the fastest-growing market for spices, at a CAGR of 8.2% annually from 2014 to 2019. The industrial sector usage of spices is very less in this region as compared to those in developed countries, which presents food processing industries with immense untapped potential in this region. Majority of spices consumed in this region are through the retail or catering sector.

The level of food processed in Asian countries, which are growing economically, is low. However, the processed food industry is expected to prosper in the near future. The positive growth in food processing industry and growing demand for processed meat products in the Asia-Pacific region will drive the spice market here.

The market is dominated by a many large companies and comprises various regional large- and medium-scale players. The key players identified in the spice industry are McCormick & Company (U.S.), Associated British Foods (U.K.), Ajinomoto Co., Inc. (Japan), and Olam International (Singapore).

The segments of the spice market considered for this study include types, applications, and regions. All growth parameters in individual segments have been considered. The meat and poultry and convenience food products sectors held the majority of the spice market in the year 2013.
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FEATURED COMPANIES

  • Ajinomoto Co., Inc.
  • Ariake Japan Company Ltd.
  • Associated British Foods
  • Döhler Group
  • Kerry Group Plc
  • Mccormick & Company
  • MORE
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Markets Covered
1.3.1 Periodization Considered For the Spice Market
1.4 Base Currency Considered For the Spice Market
1.5 Stakeholders
1.6 Limitation

2 Research Methodology
2.1 Secondary Data
2.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 Factor Analysis
2.2.1 Introduction
2.2.2 Overview of Parent Industry
2.2.2.1 Key Factors Influencing the Parent Market
2.2.3 Demand-Side Analysis
2.2.3.1 Developing Economies
2.2.3.2 Growing Middle-Class Population, 2009 - 2030
2.2.4 Supply-Side Analysis
2.2.4.1 Regulations
2.3 Market Size Estimation
2.4 Market Breakdown & Data Triangulation
2.5 Market Share Estimation
2.5.1 Key Industry Insights
2.6 Research Assumptions & Limitations
2.6.1 Assumptions
2.6.2 Limitations

3 Executive Summary
3.1 Evolution of Spices
3.2 Global Spice Market

4 Premium Insights
4.1 Attractive Opportunities in the Spice Market
4.2 Spice Market, By Application
4.3 Spice Market in the Asia-Pacific Region
4.4 U.S. Dominates the Overall Spice Market
4.5 Spice Market, By Type, 2013
4.6 Spice Market: Developed Vs. Emerging Markets
4.7 Pepper Accounted For the Largest Share in the Spice Market In 2013
4.8 Spice Market Life Cycle Analysis, By Region
4.9 Meat & Poultry Segment Projected To Dominate By 2019

5 Market Overview
5.1 Introduction
5.2 Evolution of Spices
5.3 Spice Market Segmentation
5.3.1 Spice Market, By Type
5.3.2 Spice Market, By Application
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Growing Demand for Convenience Foods
5.4.1.1.1 Changing Lifestyles
5.4.1.1.2 Demand for Convenience Food
5.4.1.2 Clean Label: A Clear Trend across Global Food Markets
5.4.1.3 Increased Use of Spices as Natural Preservatives for Meat and Poultry in Europe and North America
5.4.2 Restraints
5.4.2.1 Adulteration of Spices
5.4.2.2 Regulations -:
5.4.2.2.1 U.S.
5.4.2.2.2 Europe
5.4.3 Opportunities
5.4.3.1 Development in Economy of Emerging Asian Countries
5.4.3.2 Increasing Demand for Health and Wellness Food
5.4.4 Challenge
5.4.4.1 Spices Are Prone To Microbial Contamination
5.4.4.2 Regulations
5.4.4.2.1 Europe
5.4.4.2.2 U.S.
5.4.4.2.3 FDA Spice Recalls

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Supply Chain Analysis
6.4 Industry Insights
6.5 Porter’s Five Forces Analysis
6.6 Porter’s Five Forces Analysis
6.6.1 Threat of New Entrants
6.6.2 Threat of Substitutes
6.6.3 Bargaining Power of Suppliers
6.6.4 Bargaining Power of Buyers
6.6.5 Intensity of Competitive Rivalry
6.7 Pest Analysis
6.7.1 Political/Legal Factors
6.7.1.1 Government Regulations
6.7.2 Economic Factors
6.7.2.1 Fluctuating Raw Material Prices
6.7.2.2 Rising Middle-Class Population with High Disposable Income
6.7.3 Social Factors
6.7.3.1 Consumer Awareness
6.7.4 Technological Factors
6.7.4.1 R&D Initiatives
6.8 Strategic Benchmarking
6.8.1 Strategic Acquisitions, New Product Launches, Investment & Expansion: Key Strategies Adopted By Leading Companies in Global Spice Market

7 Spice Market, By Type
7.1 Introduction
7.2 Capsicum
7.3 Cardamom
7.4 Cinnamon
7.5 Cloves
7.6 Coriander
7.7 Cumin
7.8 Ginger
7.9 Nutmeg
7.10 Pepper
7.11 Turmeric
7.12 Other Spices

8 Spice Market, By Application
8.1 Introduction
8.2 Bakery & Confectionery
8.3 Frozen Products
8.4 Soups, Sauces & Dressings
8.5 Beverages
8.6 Meat & Poultry Products
8.7 Snacks & Convenience Foods
8.8 Other Applications

9 Spice Market, By Region
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia-Pacific
9.5 Rest of the World (ROW)

10 Competitive Landscape
10.1 Overview
10.2 Competitive Situations & Trends
10.2.1 Consolidation
10.2.2 Investments& Expansions
10.2.3 New Product Launches
10.2.4 Acquisitions & Joint Ventures
10.2.5 Other Key Findings

11 Company Profiles (Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
11.1 Introduction
11.2 Ajinomoto Co., Inc.
11.3 Ariake Japan Company Ltd.
11.4 Associated British Foods
11.5 Döhler Group
11.6 Kerry Group Plc
11.7 Mccormick & Company
11.8 Olam International
11.9 Sensient Technologies
11.10 SHS Group
11.11 Worlée Gruppe

*Details On Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured In Case Of Unlisted Companies.

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Available Customizations
12.4 Related Reports

List of Tables (72 Tables)

Table 1 Increasing Demand for Convenience Food Products Is Driving the Spice Market
Table 2 Development in the Economy of Emerging Asian Countries Is a Key Opportunity
Table 3 Top Five GDP Per Capita (PPP) For Emerging Economies in Asia-Pacific
Table 4 Industry Insights: Leading Trends among Key Players
Table 5 Porter’s Impact Analysis Weightage
Table 6 Porter’s Five Forces Analysis: Strategic Expansions & Investments and New Product Launches Have Intensified Industrial Rivalry
Table 7 Different Types of Spices and Their Uses
Table 8 Spice Market Size, By Type, 2012–2019 ($Million)
Table 9 Capsicum Market Size, By Region, 2012–2019 ($Million)
Table 10 Cardamom Market Size, By Region, 2012–2019 ($Million)
Table 11 Cinnamon Market Size, By Region, 2012–2019 ($Million)
Table 12 Cloves Market Size, By Region, 2012–2019 ($Million)
Table 13 Coriander Market Size, By Region, 2012–2019 ($Million)
Table 14 Cumin Market Size, By Region, 2012–2019 ($Million)
Table 15 Ginger Market Size, By Region, 2012–2019 ($Million)
Table 16 Nutmeg Market Size, By Region, 2012–2019 ($Million)
Table 17 Pepper Market Size, By Region, 2012–2019 ($Million)
Table 18 Turmeric Market Size, By Region, 2012-2019 ($Million)
Table 19 Other Spices Market Size, By Region, 2012–2019 ($Million)
Table 20 Spice Market Size, By Application, 2012–2019 ($Million)
Table 21 Spice Market Size for Bakery & Confectionery Applications, By Region, 2012-2019 ($Million)
Table 22 Spice Market Size for Frozen Products, By Region, 2012–2019 ($Million)
Table 23 Spice Market Size, For Soups, Sauces & Dressings, By Region, 2012–2019 ($Million)
Table 24 Spice Market Size for Beverages, By Region, 2012–2019 ($Million)
Table 25 Spice Market Size for Meat & Poultry Products, By Region, 2012–2019 ($Million)
Table 26 Spice Market Size for Snacks & Convenience Foods Market Size, By Region, 2012–2019 ($Million)
Table 27 Spice Market Size for Other Applications, By Region, 2012–2019 ($Million)
Table 28 Spice Market Size, By Region, 2012–2019 ($Million)
Table 29 North America: Spice Market Size, By Country, 2012–2019 ($Million)
Table 30 North America: Spice Market, By Type, 2012-2019 ($Million)
Table 31 North America: Spice Market, By Application, 2012-2019 ($Million)
Table 32 U.S.: Spice Market, By Type, 2012-2019 ($Million)
Table 33 U.S.: Spice Market, By Application, 2012–2019 ($Million)
Table 34 Canada: Spice Market, By Type, 2012-2019 ($Million)
Table 35 Canada: Spice Market, By Application, 2012–2019 ($Million)
Table 36 Mexico: Spice Market, By Type, 2012-2019 ($Million)
Table 37 Mexico: Spice Market, By Application, 2012–2019 ($Million)
Table 38 Europe: Spice Market Size, By Country, 2012–2019 ($Million)
Table 39 Europe: Spice Market, By Type, 2012-2019 ($Million)
Table 40 Europe: Spice Market, By Application, 2012–2019 ($Million)
Table 41 Germany: Spice Market, By Type, 2012-2019 ($Million)
Table 42 Germany: Spice Market, By Application, 2012–2019 ($Million)
Table 43 U.K.: Spice Market, By Type, 2012-2019 ($Million)
Table 44 U.K.: Spice Market, By Application, 2012–2019 ($Million)
Table 45 France: Spice Market, By Type, 2012-2019 ($Million)
Table 46 France: Spice Market, By Application, 2012–2019 ($Million)
Table 47 Rest of Europe: Spice Market, By Type, 2012-2019 ($Million)
Table 48 Rest of Europe: Spice Market, By Application, 2012–2019 ($Million)
Table 49 Asia-Pacific: Spice Market Size, By Country, 2012–2019 ($Million)
Table 50 Asia-Pacific: Spice Market, By Type, 2012-2019 ($Million)
Table 51 Asia-Pacific: Spice Market, By Application, 2012–2019 ($Million)
Table 52 China: Spice Market, By Type, 2012-2019 ($Million)
Table 53 India: Spice Market, By Type, 2012-2019 ($Million)
Table 54 India: Spice Market, By Application, 2012–2019 ($Million)
Table 55 Japan: Spice Market, By Type, 2012-2019 ($Million)
Table 56 Japan: Spice Market, By Application, 2012–2019 ($Million) Table 57 Rest of Asia-Pacific: Spice Market, By Type, 2012-2019 ($Million)
Table 58 Rest of Asia-Pacific: Spice Market, By Application, 2012–2019 ($Million)
Table 59 ROW: Spice Market Size, By Country/Region, 2012–2019 ($Million)
Table 60 ROW: Spice Market, By Type, 2012-2019 ($Million)
Table 61 ROW: Spice Market, By Application, 2012–2019 ($Million) Table 62 Latin America: Spice Market, By Type, 2012-2019 ($Million)
Table 63 Latin America: Spice Market, By Application 2012–2019 ($Million)
Table 64 Africa: Spice Market, By Type, 2012-2019 ($Million)
Table 65 Africa: Spice Market, By Application, 2012–2019 ($Million)
Table 66 Others in ROW: Spice Market, By Type, 2012-2019 ($Million)
Table 67 Others in ROW: Spice Market, By Application, 2012–2019 ($Million)
Table 68 Consolidation, 2012
Table 69 Investments & Expansions, 2011-2014
Table 70 New Product Launches, 2011–2014
Table 71 Acquisitions & Joint Ventures, 2011-2014
Table 72 Few Other Key Findings Related To Spice Market, 2013-2014

List of Figures (62 Figures)

Figure 1 Spice Market, By Type
Figure 2 Spice Market, By Application
Figure 3 Spice Market: Research Methodology
Figure 4 Top 5 Economies Based On GDP (PPP) Are U.S., China, India, Japan, & Germany
Figure 5 Middle-Class Population In Asia-Pacific Projected To Grow & Account For The Largest Share In The Global Market By 2030
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach Figure 7 Market Size Estimation Methodology: Top-Down Approach Figure 8 Data Triangulation
Figure 9 Assumptions
Figure 10 Limitations
Figure 11 Evolution Of Spices
Figure 12 Global Spice Production, By Volume 2006-2012
Figure 13 Global Spice Market Snapshot (2014 vs. 2019): Pepper Segment to Remain the Leader Till 2019
Figure 14 Global Spice Market Share (Value), Geographical Overview, 2013
Figure 15 Emerging Economies Offer Attractive Opportunities in the Spice Market
Figure 16 Snacks & Convenience Foods to Grow At the Highest Rate
Figure 17 Pepper Captured The Largest Share In The Emerging Asia-Pacific Market In 2013
Figure 18 India Is Projected To Be the Fastest-Growing Country-Level Market For Spices
Figure 19 North America Dominated the Spice Market In 2013
Figure 20 Emerging Markets to Grow Faster Than Developed Markets for Spices
Figure 21 Pepper Segment to Grow At the Highest CAGR (%), Globally
Figure 22 Spice Market in Asia-Pacific Is Experiencing High Growth Figure 23 Market For Spices In Meat & Poultry Products To Dominate By 2019
Figure 24 Spice Market Segmentation
Figure 25 Growing Demand for Convenience Foods and In the Meat Industry Are Driving the Spice Market
Figure 26 Factors Leading To Changing Lifestyles
Figure 27 Pepper Dominated the Global Spice Market In 2013
Figure 28 Packaging Contributes the Most to the Value of the Overall Price Of Spices
Figure 29 Distribution Channel Plays a Vital Role in the Supply Chain of Spices
Figure 30 Global Strategic Expansion Of Key Companies
Figure 31 Pepper Accounted For the Largest Share in the Spice Market In 2013
Figure 32 Capsicum Market to Be the Fastest-Growing Through 2019
Figure 33 North America Had the Largest Share in the Pepper Market In 2013
Figure 34 Spice Market Size, By Application, 2014 Vs. 2019
Figure 35 Meat & Poultry Products Forms the Largest Segment While Snacks & Convenience Foods to Be the Fastest-Growing, By 2019
Figure 36 North America Continues To Dominate the Spice Market for Meat & Poultry Products
Figure 37 Asia-Pacific To Be The Fastest-Growing Market For Spices In The Snacks & Convenience Foods Segment
Figure 38 Geographical Snapshot (2014–2019): Asia-Pacific Emerging As New Hotspot
Figure 39 North American Market Snapshot: U.S. Is the Largest Market for Spices
Figure 40 Germany Was Key in the European Spice Market, 2013
Figure 41 Key Companies Preferred Investment & Expansion Strategies over the Last Four Years
Figure 42 Global Spice Market Share, By Key Player, 2013
Figure 43 Investments & Expansions Have Fueled Growth & Innovation
Figure 44 Investments & Expansions: The Key Strategies, 2011-2014 Figure 45 Asia-Pacific Witnessed the Largest Number of Investments & Expansions in the Global Spice Market from 2011–2014
Figure 46 Annual Developments in the Global Spice Market, 2009-2014
Figure 47 Geographical Revenue Mix of Top Five Players
Figure 48 Ajinomoto Co., Inc.: Business Overview
Figure 49 Ajinomoto Co., Inc.: SWOT Analysis
Figure 50 Ariake Japan Company PTD. : Business Overview
Figure 51 Associated British Foods: Business Overview
Figure 52 Associated British Foods: SWOT Analysis
Figure 53 Dohler: Business Overview
Figure 54 Kerry: Business Overview
Figure 55 Kerry: SWOT Analysis
Figure 56 Mccormick & Company: Business Overview
Figure 57 Mccormick & Company: SWOT Analysis
Figure 58 Olam International: Business Overview
Figure 59 Olam International: SWOT Analysis
Figure 60 Sensient Technologies: Business Overview
Figure 61 SHS Group: Business Overview
Figure 62 Worlée Gruppe: Business Overview
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- Ajinomoto Co., Inc.
- Ariake Japan Company Ltd.
- Associated British Foods
- Döhler Group
- Kerry Group Plc
- Mccormick & Company
- Olam International
- SHS Group
- Sensient Technologies
- Worlée Gruppe
Note: Product cover images may vary from those shown
6 of 6
Note: Product cover images may vary from those shown
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