Spice Market Expected to Reach $10 Billion by 2019

The market for spice is projected to exceed $10 Billion by 2019 at a CAGR of about 5%.


Dallas, TX -- (SBWIRE) -- 01/09/2015 -- The report "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" defines and segments the spice market with analyses and projections of the market size in terms of value. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, restraints, challenges, and burning issues. The size of the market in key geographical regions such as North America, Europe, Latin America, Asia-Pacific, and Rest of the World (RoW) has been estimated and projected.

Browse 75 market data tables and 61 figures spread through 220 pages and in-depth TOC on "Spice Market - Global Trends & Forecast to 2019"

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The spice market is driven by the rise in consumption of processed food products in developed and developing countries. Investments & expansions formed the most preferred strategy among the key players to attract and retain new customers, globally. These key players also focused on acquiring local players of emerging markets to expand their business on a global scale and sustain the competition prevailing in the market. New product launches also helped key players in strengthening their product portfolio.

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The market for spice is projected to exceed $10 Billion by 2019 at a CAGR of about 5%. In 2013, the North American region was the largest market for spices, wherein the U.S. dominated.

The report includes development strategies and product portfolio of leading companies such as McCormick & Company (U.S.), Olam International Limited (Singapore), Ariake Japan Company Limited (Japan), Associated British Foods plc (U.K.), Sensient Technologies Corporation (U.S.), and Kerry Group plc (Ireland).

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