Market Report, "Spices and Seasonings Market - Global Trends and Forecast to 2020", published

Spices and Seasonings Market by Type, Application (Meat & Poultry Products, Snacks & Convenience Food, Soups, Sauces, and Dressings, Bakery & Confectionery, Frozen Products, Beverages, and Others), & by Region - Global Trends and Forecast to 2020

"Global spices and seasonings market projected to grow at a CAGR of 5.2% from 2015 to 2020"

The spices and seasonings market is projected to grow at a CAGR of 5.2% and reach USD 14.8 billion by 2020. The market is driven by factors such as increased demand for snacks & convenience food and meat & poultry products due to changing consumer preferences. Furthermore, factors such as increasing disposable incomes and rapid urbanization have also increased the demand for spices and seasonings. The high growth potential in emerging markets and untapped regions provide new growth opportunities for market players.

"Meat & poultry products accounted for the largest share"

Full Report Details at
- http://www.fastmr.com/prod/1123558_spices_seasonings_global.aspx?afid=301

Among the applications, meat & poultry products accounted for largest share in 2014 in the global spices and seasonings market. Factors such as increased demand for traditional food products and the need for preserving meat products have led to a rise in demand for spices and seasonings. Furthermore, the increasing consumption of Asian food products in developed countries such as the U.S. and Germany has also resulted in an increased demand for spices and seasonings.

"Asia-Pacific to lead the market in terms of growth rate"

On the basis of region, the spices and seasonings market is led by the Asia-Pacific region. The usage of spices in the industrial sector is less in Asia-Pacific, which presents food processing industries with considerable untapped potential in this region. Furthermore, rising consumption of ready-to-eat food products owing to changing lifestyle and increased disposable income provides opportunities to packaged food manufacturers in this region.

The market size of spices and seasonings estimated in this study has been validated through primaries conducted with various industry experts globally. These primary sources have been divided in three categories: by company; by designation; and by region.

* By Company Type - Tier 1 - 20 %, Tier 2 - 20% and Tier 3 - 60%
* By Designation - C level - 40%, Director level - 60%
* By Region -Europe - 25%, APAC - 50%, Latin America - 25%

Leading players such as McCormick & Company (U.S.), Associated British Foods (U.K.), Kerry Group Plc. (Ireland), Olam International Limited (Singapore), and Ajinomoto Co., Inc. (Japan) have been profiled in the report. Other players include Ariake Japan Company (Japan), SHS Group (U.K.), Dohler Group (Germany), Worlee Gruppe (Germany), and Sensient Technologies (U.S.).

Reasons to buy this report:

* To get a comprehensive overview of the global spices and seasonings market

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Food Anti-caking Agents Market - Global Trends & Forecast to 2020
- Sodium Reduction Ingredients Market - Global Trends & Forecast to 2020
- Spices and Seasonings Market in the US 2016-2020
- Cheese Ingredients Market - Global Trends & Forecast to 2020
- Packaged Food in Hungary