Seasonings and Spices Market Share, Size, Future Demand, and Emerging Trends

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Globally, the Asia-Pacific seasonings and spices market was very prosperous in the years gone by, as per the findings of P&S Intelligence, a market research firm based in India.

Seasonings and spices are some of the most essential ingredients required for preparing ready-to-eat and convenience foods. Therefore, the growing popularity of these food items is heavily boosting the sales of seasonings and spices all over the world. Long working hours, busy lifestyles of people, and the increasing trend of people moving out of their parents’ houses and living alone for work and other purposes are the main factors responsible for the growing consumption of fast foods and ready-to-eat items.

Additionally, people are increasingly preferring to order food or going to the food outlets such as street stalls and restaurants over cooking at home and this positively impacting the sales of spices and seasonings. Moreover, the rising consumer preference for baked goods, fried foods, and confectionary products, especially in the developed countries, is boosting the requirement for various types of seasonings, which are required for preparing these foods, in the industries associated with confectionary and processed foods.

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Due to the huge population in the regional countries such as India and China, the usage of seasonings and spices was extremely high in the last few years. For example, as per the United Nations, the population of India increased at almost 1.26% from 2010 to 2015.

Therefore, it can be said without any hesitation that the sales of spices and seasonings will climb all over the world in the upcoming years, due to the growing popularity of ready-to-eat and convenience foods, the rising consumer preference for exotic dishes, and the increasing public awareness of the health benefits of various spices.

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