Market Research Future (Food and Beverages) Spices Market: Global Survey, Trends, Outlook, | Page 3
Spices Market Research Report - Forecast to 2022
2 Market Overview
India being a major producer of spices boosts stronger potential for spices supply. Spice exports contribute to nation’s
gross income considerably in countries like China, India, Africa and the Middle East. Spices are generally sold at
premium spices and also in greater demand which can further enhance export revenues in major spice producing
countries. Spices farming mechanism starts at grass root level conserving the generative and renewing capacity of
the soil, plant nutrition, and soil management, yields nutritious food rich in vitality which has resistance to diseases.
Increasing demand of natural flavoring and coloring agents in food, medicinal properties and health benefits are
driving the spices market. There is high demand for spices from regions like Asia Pacific, Middle East and Europe.
The global market for spices has witnessed continued demand during the last few years and is estimated to reach
83,468 kilo tons by 2022, at a CAGR of 2.84% from 2016 to 2022. Increase in versatile demand across various food
and beverage segments particularly for convenience foods and beverages is likely to drive the global spices market
during forecast period 2016 to 2022.
Based on spice function, flavor formed an essential function base for spices enabling it to gain maximum share in
the year 2016 followed by color. Spices have been majorly used for flavoring or as a garnish since ancient times.
The flavor of a spice is derived in part from compounds (volatile oils) from various parts of plants roots, seeds, bark
and other plant parts. Based on spice form, whole form and powdered form held a major share in the spices market
in the year 2016. Increase in demand for convenience products there is strong potential for powder form growth in
the spices market. Crushed/chopped/flakes are emerging as new segment especially for bakery and pizza
preparations.
Intended Audience:
Spices Manufacturers
Agriculture Industry
Food Industry
Continental Restaurants
Sauces & Dips Manufacturers
Traders, Importers and exporters
Page | 3
Copyright © 2017 Market Research Future.