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11 มี.ค. เวลา 13:24 • อาหาร

Spices and Seasonings Market Size, Share, Report 2021-2026

The global spices and seasonings market size was accounted at USD 21.3 billion in 2021 and it is projected to surpass around USD 27.4 billion by 2026, growing at a registered CAGR of 5.2% from 2021 to 2026. Globally, the spices & seasonings market is driven by the growing demand for convenience food products, clean label trends, and natural preservatives for the meat industry.
Market Overview of Spices and Seasonings Market
The Spices and Seasonings Market is a thriving industry driven by the growing demand for flavor-enhancing ingredients in culinary practices. As consumers seek diverse and exotic taste experiences, the market offers a wide range of spices and seasonings, including traditional favorites and innovative blends. Factors such as globalization, changing food preferences, and the increasing popularity of ethnic cuisines contribute to the market's expansion.
Spices and Seasonings Market Drivers and Opportunities
Clean Label: A clear trend across global food market
Increasing consumption of healthy food products among modern consumers has led to increasing interest in the origin of the ingredients used to produce these products. Consumers prefer natural and clean-label flavors and ingredients as they are constantly looking for ‘natural’ nutrition and are opting for products that incorporate inherently natural, fresh, wholesome, and balanced nutrition. They largely perceive “clean label” as having a natural flavor and natural color.
The growing trend toward clean-label products, which is slowly becoming a requisite across the globe, is offering growth opportunities to the food manufacturers to create new formulations and new products to cater to the rising consumer demand for healthier food products. One example of manufacturers introducing natural ingredients is “Verdad Powder F80”, a product launched by Corbion Purac (Netherlands) in 2013.
The food industry faces the challenge of finding natural ingredients, which will maintain food quality and integrity without compromising on the shelf life, taste, and texture of the food products. Furthermore, natural ingredients are costlier when compared to artificial flavors.
Encapsulation of spices witness higher sales growth rate
Encapsulation of food products and ingredients has been on the rise over the past couple of years. The advancement of encapsulation has led to its application in almost every sector of the food & beverage industry. A similar kind of application pattern has also been witnessed in the spices and seasonings market. Some of the key manufacturers in the flavor and fragrance industry have been availing the spices variants in encapsulated formats.
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