Asia-Pacific Seasoning and Spices Market - Growth, Trends and Forecasts 2017 - 2022

  • ID: 4386982
  • Report
  • 99 pages
  • Mordor Intelligence
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The Asia-Pacific Seasoning and Spices Market is expected to reach USD XX Million by 2020, from USD XX Million in 2015, witnessing a CAGR of XX% during the forecasted period. The term spice is defined under 21 CFR Sec. 101.22(2) (2) as any aromatic vegetable substance in the whole, broken or ground form except for those substances which have been traditionally regarded as foods, such as onions, garlic and celery, whose significant function in the food is seasoning rather than nutritional and from which no portion of any volatile oil or other flavoring principle has been removed.

The demand for spices and seasoning has always been high in this region. The market has been in existence since the spice trade that took place in the world around 2000 BC between South Asia and the Middle East. In APAC this is considered as a valuable commodity since the medieval and ancient times. The commercial standing of the market has hardly changed in the current scenario. The market is considered as a recession proof market as consumers opt to eat at home during economically recessive times. Hence this market is prevailing, irrespective of economic conditions.

The food trends that are evolving daily have spices and seasonings as important ingredients, thus aiding the market to grow exponentially. In western countries, the demand for Asian cuisines is increasing. Likewise the market is growing in India and China, where Italian and Mediterranean cuisines are gaining momentum. Asia-Pacific constitutes nearly 60% of the seasoning and the spices market on a global scale, by volume and is expected to grow upto 65% by 2020.

The seasoning and spices market is fragmented with leading companies that are driving the growth. The key players are Fuchsna, McCormick & Company, Olam International, MDH spices, Unilever, Catch, Everest Spices and many more.

Key Deliverables:

Market analysis for the Asia-Pacific seasoning and spices market, with region specific assessments and competition analysis.

Market definition along with the identification of key drivers and restraints.

Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market.

Extensively researched competitive landscape section with profiles of major companies along with their market shares.

Identification and analysis of the macro and micro factors that affect the Asia-Pacific seasoning and spices market.

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.

Insights on the major regions in country where this industry is blooming and identification of the regions that are still untapped.
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1. Introduction
1.1 Key Deliverables of the study
1.2 Study Assumptions
1.3 Market Definition
2. Research Approach & Methodology
2.1 Introduction
2.2 Research Designs
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation
3. Market Dynamics
3.1 Drivers
3.1.1 Therapeutic benefits of spices
3.1.2 Globalization, urbanization and changing demographics is driving the seasoning and spices market
3.1.3 Rising disposable income of the consumers
3.1.4 Increasing influence on food habits
3.1.5 Growing Tourism in the South African region
3.2 Restraints
3.2.1 Stringent government policies resulting in dismissal of the imported spices
3.2.2 Poor logistics and undetermined climatic conditions
3.3 Opportunities
3.3.1 Rising demand for organic seasonings and spices
3.3.2 Augumentation through online marketing campaigns
3.4 Porter's Five Forces Analyses
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute Products and Services
3.4.5 Degree of Competition
4. Market Segmentation
4.1 By Products Type
4.1.1 Pepper
4.1.2 Herbs
4.1.3 Salt and Salt Substitutes
4.1.4 Spices
4.1.5 Cardamom
4.1.6 Cloves
4.1.7 Nutmeg
4.1.8 Cinnamon
4.1.9 Others
4.2 By Application
4.2.1 Bakery & Confectionery
4.2.2 Soups, Sauces, Salads & Dressings
4.2.3 Meat, Poultry & Sea Products
4.2.4 Snacks and Convenience foods
4.2.5 Others
4.3 By Geography
4.3.1 Africa South Africa Others
5. Competitive Landscape
5.1 Mergers & Acquisitions
5.2 Joint Ventures
5.3 New Product Launches
5.4 Most active companies in the past five years
5.5 Market Share Analysis
6. Company Profiles
6.1 MDH Spices
6.2 Nestle S.A
6.3 McCormick & Company Inc
6.4 Everest Spices
6.5 DS Group
6.6 Kraft Heinz Company
6.7 Unilever
6.8 Ajinomoto Co.Inc
6.9 Ariake Japan Company ltd
6.10 Kerry Group
6.11 SHS Group
6.12 Olam International
6.13 Worlee Group
6.14 Dohler Group
6.15 Associated British Group
6.16 Sensient Technologies
6.17 Knorr Company
6.18 Baria Pepper
6.19 Bart Ingredients
6.20 Catch
6.21 Fuchsna
7. Appendix
7.1 Abbreviations
7.2 Sources
7.3 Bibliography
7.4 Disclaimer
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Note: Product cover images may vary from those shown