The global cajun seasoning market was valued at $285.7 million in 2021, and is projected to reach $501.0 million by 2031, registering a CAGR of 5.8%. The bakery & confectionery segment is estimated to reach $120.1 million by 2031, at a significant CAGR of 5.6% during the forecast period.
Cajun seasonings are essential to give each cuisine a distinct aroma and flavor. Seasoning improves the flavor of food while also providing health advantages. Pepper, cinnamon, turmeric, basil, and ginger have all been shown to be beneficial in the treatment of ailments like diabetes, brain function, infections, high blood pressure, and cancer in medical studies. Seasoning is widely used in food and nutrition because of these advantages. Due to their therapeutic properties, homemade seasoning is also gaining popularity.
Increased demand for snacks & convenience foods is expected to boost demand for seasonings products. Producers of ready-to-eat meals, sauces, soups, snacks, and frozen products are the primary end users of various spice mixtures. Furthermore, a growing desire among young people to consume nutritious food products in order to stay fit and light has sparked an increased interest in the origin of food ingredients. As a result, as more people seek natural products that are innately nutritious, fresh, balanced, and natural, clean-label flavors and ingredients are becoming increasingly popular.
There is an increase in the consumption of spices & seasonings in salad dressings, pizza, and beverages. Hence, the spices and seasoning industry is witnessing a remarkable growth. Also, they are used for the decoration purposes in many cuisines.
The seasoning market has seen a rapid rise with the onset of the coronavirus crisis, where some spices are selected for the purpose of providing immunity, such as turmeric, ginger and garlic, has received a positive response from consumers around the world.
Furthermore, the advanced technology used in the packaging and labelling of seasonings is creating a wide consumer base. Awareness among people about different cuisines such as Asian, Chinese, and Italian, is propelling the market growth. Seasonings add a flavor even in the food which is consumed in raw form.
The global Cajun seasoning market is categorized into seasonings, end use, sales channel and region. By seasonings, it is classified into salt and pepper, herbs and spices, blends, and others. on the basis of end use, it is fragmented into snacks and convenience food, meat and poultry products, sauces, bakery and confectionery, frozen products, and others. Based on the sales channel, the market is segmented into store based retailing and non-store-based retail. Region wise, the market is analyzed across North America (U. S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Belgium, Netherland, Russia, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, Thailand, Indonesia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, UAE, South Africa, Saudi Arabia, Chile, and Rest of LAMEA).
The key players profiled in this report include The Food Source International, Inc, Royal Nut Company, McCormick & Company, Inc, The Kraft Heinz Company, Gel Spice Company, Inc., Rose Hill Foods Inc, Mars Food Company, Urban platter, Wingreen Farms, Food library Company, Nature smith Food LLP, and Keya Foods International Pvt Ltd.
Cajun seasonings are essential to give each cuisine a distinct aroma and flavor. Seasoning improves the flavor of food while also providing health advantages. Pepper, cinnamon, turmeric, basil, and ginger have all been shown to be beneficial in the treatment of ailments like diabetes, brain function, infections, high blood pressure, and cancer in medical studies. Seasoning is widely used in food and nutrition because of these advantages. Due to their therapeutic properties, homemade seasoning is also gaining popularity.
Increased demand for snacks & convenience foods is expected to boost demand for seasonings products. Producers of ready-to-eat meals, sauces, soups, snacks, and frozen products are the primary end users of various spice mixtures. Furthermore, a growing desire among young people to consume nutritious food products in order to stay fit and light has sparked an increased interest in the origin of food ingredients. As a result, as more people seek natural products that are innately nutritious, fresh, balanced, and natural, clean-label flavors and ingredients are becoming increasingly popular.
There is an increase in the consumption of spices & seasonings in salad dressings, pizza, and beverages. Hence, the spices and seasoning industry is witnessing a remarkable growth. Also, they are used for the decoration purposes in many cuisines.
The seasoning market has seen a rapid rise with the onset of the coronavirus crisis, where some spices are selected for the purpose of providing immunity, such as turmeric, ginger and garlic, has received a positive response from consumers around the world.
Furthermore, the advanced technology used in the packaging and labelling of seasonings is creating a wide consumer base. Awareness among people about different cuisines such as Asian, Chinese, and Italian, is propelling the market growth. Seasonings add a flavor even in the food which is consumed in raw form.
The global Cajun seasoning market is categorized into seasonings, end use, sales channel and region. By seasonings, it is classified into salt and pepper, herbs and spices, blends, and others. on the basis of end use, it is fragmented into snacks and convenience food, meat and poultry products, sauces, bakery and confectionery, frozen products, and others. Based on the sales channel, the market is segmented into store based retailing and non-store-based retail. Region wise, the market is analyzed across North America (U. S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Belgium, Netherland, Russia, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, Thailand, Indonesia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, UAE, South Africa, Saudi Arabia, Chile, and Rest of LAMEA).
The key players profiled in this report include The Food Source International, Inc, Royal Nut Company, McCormick & Company, Inc, The Kraft Heinz Company, Gel Spice Company, Inc., Rose Hill Foods Inc, Mars Food Company, Urban platter, Wingreen Farms, Food library Company, Nature smith Food LLP, and Keya Foods International Pvt Ltd.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cajun seasoning market analysis from 2021 to 2031 to identify the prevailing cajun seasoning market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the cajun seasoning market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global cajun seasoning market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Seasonings
- Salt and Pepper
- Herbs and Spices
- Blends
- Others
By Application
- Snacks and Convenience Food
- Meat and Poultry Products
- Sauces
- Bakery and Confectionery
- Frozen Products
- Others
By Sales channel
- Store based retailing
- Non store based retail
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Belgium
- Russia
- Netherlands
- Spain
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Thailand
- Indonesia
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- Chile
- Turkey
- South Africa
- Rest Of LAMEA
Key Market Players
- The Food Source International, Inc
- Royal Nut Company
- McCormick and Company, Inc
- The Kraft Heinz Company
- Gel Spice Company, Inc
- Rose Hill Foods Inc.
- Wingreen Farms
- Food library Company
- Nature smith Food LLP
- Keya Foods International Pvt Ltd
- Mars Food Company
- Urban platter
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Market Share Analysis
CHAPTER 4: CAJUN SEASONING MARKET, BY SEASONINGS
4.1 Overview
4.1.1 Market size and forecast
4.2 Salt and Pepper
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Herbs and Spices
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Blends
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Others
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
CHAPTER 5: CAJUN SEASONING MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Snacks and Convenience Food
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Meat and Poultry Products
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Sauces
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Bakery and Confectionery
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Frozen Products
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country
5.7 Others
5.7.1 Key market trends, growth factors and opportunities
5.7.2 Market size and forecast, by region
5.7.3 Market analysis by country
CHAPTER 6: CAJUN SEASONING MARKET, BY SALES CHANNEL
6.1 Overview
6.1.1 Market size and forecast
6.2 Store based retailing
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Non store based retail
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
CHAPTER 7: CAJUN SEASONING MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Seasonings
7.2.3 North America Market size and forecast, by Application
7.2.4 North America Market size and forecast, by Sales channel
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Market size and forecast, by Seasonings
7.2.5.1.2 Market size and forecast, by Application
7.2.5.1.3 Market size and forecast, by Sales channel
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Seasonings
7.2.5.2.2 Market size and forecast, by Application
7.2.5.2.3 Market size and forecast, by Sales channel
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Seasonings
7.2.5.3.2 Market size and forecast, by Application
7.2.5.3.3 Market size and forecast, by Sales channel
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Seasonings
7.3.3 Europe Market size and forecast, by Application
7.3.4 Europe Market size and forecast, by Sales channel
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Seasonings
7.3.5.1.2 Market size and forecast, by Application
7.3.5.1.3 Market size and forecast, by Sales channel
7.3.5.2 UK
7.3.5.2.1 Market size and forecast, by Seasonings
7.3.5.2.2 Market size and forecast, by Application
7.3.5.2.3 Market size and forecast, by Sales channel
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Seasonings
7.3.5.3.2 Market size and forecast, by Application
7.3.5.3.3 Market size and forecast, by Sales channel
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Seasonings
7.3.5.4.2 Market size and forecast, by Application
7.3.5.4.3 Market size and forecast, by Sales channel
7.3.5.5 Belgium
7.3.5.5.1 Market size and forecast, by Seasonings
7.3.5.5.2 Market size and forecast, by Application
7.3.5.5.3 Market size and forecast, by Sales channel
7.3.5.6 Russia
7.3.5.6.1 Market size and forecast, by Seasonings
7.3.5.6.2 Market size and forecast, by Application
7.3.5.6.3 Market size and forecast, by Sales channel
7.3.5.7 Netherlands
7.3.5.7.1 Market size and forecast, by Seasonings
7.3.5.7.2 Market size and forecast, by Application
7.3.5.7.3 Market size and forecast, by Sales channel
7.3.5.8 Spain
7.3.5.8.1 Market size and forecast, by Seasonings
7.3.5.8.2 Market size and forecast, by Application
7.3.5.8.3 Market size and forecast, by Sales channel
7.3.5.9 Rest of Europe
7.3.5.9.1 Market size and forecast, by Seasonings
7.3.5.9.2 Market size and forecast, by Application
7.3.5.9.3 Market size and forecast, by Sales channel
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Seasonings
7.4.3 Asia-Pacific Market size and forecast, by Application
7.4.4 Asia-Pacific Market size and forecast, by Sales channel
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Seasonings
7.4.5.1.2 Market size and forecast, by Application
7.4.5.1.3 Market size and forecast, by Sales channel
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Seasonings
7.4.5.2.2 Market size and forecast, by Application
7.4.5.2.3 Market size and forecast, by Sales channel
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Seasonings
7.4.5.3.2 Market size and forecast, by Application
7.4.5.3.3 Market size and forecast, by Sales channel
7.4.5.4 Australia
7.4.5.4.1 Market size and forecast, by Seasonings
7.4.5.4.2 Market size and forecast, by Application
7.4.5.4.3 Market size and forecast, by Sales channel
7.4.5.5 South Korea
7.4.5.5.1 Market size and forecast, by Seasonings
7.4.5.5.2 Market size and forecast, by Application
7.4.5.5.3 Market size and forecast, by Sales channel
7.4.5.6 Thailand
7.4.5.6.1 Market size and forecast, by Seasonings
7.4.5.6.2 Market size and forecast, by Application
7.4.5.6.3 Market size and forecast, by Sales channel
7.4.5.7 Indonesia
7.4.5.7.1 Market size and forecast, by Seasonings
7.4.5.7.2 Market size and forecast, by Application
7.4.5.7.3 Market size and forecast, by Sales channel
7.4.5.8 Rest of Asia-Pacific
7.4.5.8.1 Market size and forecast, by Seasonings
7.4.5.8.2 Market size and forecast, by Application
7.4.5.8.3 Market size and forecast, by Sales channel
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Seasonings
7.5.3 LAMEA Market size and forecast, by Application
7.5.4 LAMEA Market size and forecast, by Sales channel
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Seasonings
7.5.5.1.2 Market size and forecast, by Application
7.5.5.1.3 Market size and forecast, by Sales channel
7.5.5.2 Argentina
7.5.5.2.1 Market size and forecast, by Seasonings
7.5.5.2.2 Market size and forecast, by Application
7.5.5.2.3 Market size and forecast, by Sales channel
7.5.5.3 UAE
7.5.5.3.1 Market size and forecast, by Seasonings
7.5.5.3.2 Market size and forecast, by Application
7.5.5.3.3 Market size and forecast, by Sales channel
7.5.5.4 Saudi Arabia
7.5.5.4.1 Market size and forecast, by Seasonings
7.5.5.4.2 Market size and forecast, by Application
7.5.5.4.3 Market size and forecast, by Sales channel
7.5.5.5 Chile
7.5.5.5.1 Market size and forecast, by Seasonings
7.5.5.5.2 Market size and forecast, by Application
7.5.5.5.3 Market size and forecast, by Sales channel
7.5.5.6 Turkey
7.5.5.6.1 Market size and forecast, by Seasonings
7.5.5.6.2 Market size and forecast, by Application
7.5.5.6.3 Market size and forecast, by Sales channel
7.5.5.7 South Africa
7.5.5.7.1 Market size and forecast, by Seasonings
7.5.5.7.2 Market size and forecast, by Application
7.5.5.7.3 Market size and forecast, by Sales channel
7.5.5.8 Rest of LAMEA
7.5.5.8.1 Market size and forecast, by Seasonings
7.5.5.8.2 Market size and forecast, by Application
7.5.5.8.3 Market size and forecast, by Sales channel
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 The Food Source International, Inc
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Royal Nut Company
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 McCormick and Company, Inc
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 The Kraft Heinz Company
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Gel Spice Company, Inc
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Rose Hill Foods Inc.
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Wingreen Farms
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Food library Company
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Nature smith Food LLP
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Keya Foods International Pvt Ltd
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 Mars Food Company
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 Urban platter
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Cajun Seasoning Market,' the cajun seasoning market size was valued at $285.70 million in 2021, and is estimated to reach $501 million by 2031, growing at a CAGR of 5.8% from 2022 to 2031.Seasonings are considered as a spice or ingredient readily available in all households due to their importance in food products. It is essential in cooking as it adds aroma, flavor and taste to food. It is mainly used in food processing in both homes and restaurants. Another factor influencing the growth of the cajun seasonings market is the growing consumer demand for homemade spices. As a result, spices market has experienced significant growth. Furthermore, increasing consumer Cajun Seasoning Market Demand for ready-to-eat and ready-to-eat meals due to busy lifestyles and inability to cook is the main driving force behind the growth of the Cajun Seasoning Market during forecast period.
The changes in eating habits and especially the rise in the preference for Asian cuisine, have added more spices to the diet, which has also promoted the development of the market. The adulteration of spices and seasonings is the main factor hindering Cajun Seasoning Market Growth. Europe is the largest market of seasoning, followed by North America.
Consumers are increasingly aware of foods with high nutritional value, free of preservatives and chemicals. Meat is an ideal environment for bacterial growth due to its high humidity, rich in growth factors such as nitrogen compounds, and its source of minerals and vitamins. Meat preservatives limit microbial activity and the chemical and physical reactions that cause the deterioration of meat and meat products. Meat preservation works by reducing the amounts of substances in the meat, leading to pathogen/bacterial overgrowth. The most commonly used chemical preservatives are sodium benzoate, benzoic acid, and propionic acid.
While these preservatives help control microbial growth in meat, they also reduce its nutritional content. In addition, they also have negative health effects including hyperactivity in children, negative effects on kidneys and liver, digestion, gastritis, and peptic ulcer disease. As a result, increasing consumer awareness of these negative effects of chemical preservatives has led to an increased demand for natural preservatives, including seasonings for meat and poultry products. This will ultimately increase the demand for cajun seasonings.
Key market players in the Cajun Seasoning Market are concerned about brand loyalty and changing consumer behaviors. They are using this fact as a viable methodology to extend their global footprint. They are opting for robust strategies and expanding their online sales. The availability of new products on different websites is propelling growth. Also, the usage of advanced technologies and investment in innovation has led to increasing the product life cycle. All these aforementioned Cajun Seasoning Market Trends is likely to propel the market growth.
The global Cajun seasoning market is categorized into seasonings, end use, sales channel, and region. By product type, it is classified into salt and pepper, herbs and spices, blends, and others. on the basis of application, it is fragmented into snacks and convenience food, meat and poultry products, sauces, bakery and confectionery, frozen products, and others. Based on the sales channel, the market is segmented into store-based retailing and non-store-based retail. Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Belgium, Netherlands, Russia, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, Thailand, Indonesia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, UAE, South Africa, Saudi Arabia, Chile, and Rest of LAMEA).
Based on the seasonings, the salt & pepper segment held the major Cajun Seasoning Market Share in the market in 2021, as it is rich in strong antioxidants, which is helpful in preventing from free essential damage to your cells. The salt and pepper and herbs and spices segments collectively accounted for around 71.8% market share in 2021.
Based on the application, the snacks and convenience food segment gain major traction in the market and is likely to remain dominant throughout the forecast period due to the increasing use of spices and seasonings for cooking purposes and many food products due to its hot taste.
Region wise, The North America region dominates the use of Cajun seasonings market. This is attributable to the increase in the number of food joints such as hotels & restaurants which has fueled the demand for spices and seasonings products in the region. However, Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
The key players profiled in Cajun Seasoning Industry include The Food Source International, Inc, Royal Nut Company, McCormick & Company, Inc, The Kraft Heinz Company, Gel Spice Company, Inc., Rose Hill Foods Inc, Mars Food Company, Urban platter, Wingreen Farms, Food library Company, Nature smith Food LLP, and Keya Foods International Pvt Ltd.
Key findings of the study
On the basis of seasonings, the salt & pepper segment is expected to be the fastest growing segment during the forecast period.On the basis of application, the snacks and convenience food segment was the dominating segment in 2021.
On the basis of sales channel, the non-store based retail channel segment is expected to be the fastest growing segment during the forecast period, with the CAGR of 6.8%.
On the basis of region, LAMEA is expected to be the fastest growing segment during the forecast period with the CAGR of 6.3%.
Companies Mentioned
- the Food Source International, Inc.
- Royal Nut Company
- Mccormick and Company, Inc.
- the Kraft Heinz Company
- Gel Spice Company, Inc.
- Rose Hill Foods Inc.
- Wingreen Farms
- Food Library Company
- Nature Smith Food Llp
- Keya Foods International Pvt Ltd.
- Mars Food Company
- Urban Platter
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 297 |
| Published | October 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 285.7 million |
| Forecasted Market Value ( USD | $ 501 million |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
