NEW YORK, Oct. 14, 2020
NEW YORK, Oct. 14, 2020 /PRNewswire/ -- The global spices and herbs market is benefitting from increasing demand for ethnic flavor in the food industry. Growing consumer inclination toward better taste and nutrition is among the contributing factors for the growth of the spices and herbs market. Spices and herbs are associated with multiple health benefits, including anti-bacterial, anti-inflammatory, and immune supporting properties, which leads to a favorable market scenario for the spices and herbs industry.
In recent years, the global spices and herbs market has witnessed substantial growth, and this trend is anticipated to continue over the forecast period of 2020-2030 too, at a significant CAGR of 5%.
Key Takeaways from Spices and Herbs Market Study
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"Consumers today consider health to be of paramount importance, and are shelling out more money on organic food. Manufacturers in the spices and herbs market can target this aspect by processing organic spices and herbs for increased application in the F&B industry. Increasing government support for organic food products also marks an opportunity for new players to enter the market," says a PMR analyst.
Global Spices and Herbs Market: Competitive Landscape
Leading manufacturers in the global spices and herbs market space are carrying out various expansion strategies by acquiring companies and integrating business models in order to increase their market presence along with growing their product portfolio.
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In addition, key players in the global spices and herbs landscape are focusing on launching new products in line with the latest market trends to attract more customers and increase their customer base.
Explore More Valuable Insights on Spices and Herbs Market
Persistence Market Research, in its new report, offers an impartial analysis of the global spices and herbs market, presenting historical data (2015-2019) and estimation statistics for the period of 2020-2030. The study offers compelling insights on the spices and herbs market based on type (cinnamon, clove, nutmeg, cardamom, paprika, pepper, turmeric, cumin seed, garlic, mustard, oregano, parsley, mint, basil, rosemary), nature (organic, conventional), form (whole, powder/granule, oil), end use (food industry, beverages, foodservice industry, retail/ household, cosmetics & personal care, others), and distribution channel (business to business, business and consumer), across seven regions.
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About Food & Beverage Division at Persistence Market Research
The Food and Beverages team at Persistence Market Research provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
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