The Europe Seasoning & Spices Market would witness market growth of 4.8% CAGR during the forecast period (2022-2028).
Spices and herbs were used for culinary and medical purposes for ages. Spices can help prevent both acute and chronic diseases by enhancing the flavor, aroma, and color of food and beverages. More Americans are contemplating the medical and therapeutic/remedy usage of spices and herbs, particularly for various chronic diseases. Spices and herbs have been shown to have antioxidant, anti-inflammatory, antitumorigenic, anticarcinogenic, glucose- and cholesterol-lowering qualities, as well as cognitive and mood-altering properties.
Greater awareness of the therapeutic advantages of spices and herbs, as well as an increase in the number of individuals cooking at home, have been cited as important drivers of market expansion. Furthermore, the market has been fueled by purchasers' increasing willingness to pay a premium for new and ethnic flavors. Local cuisines have gained international prominence as a result of their flavors, which are also propelling expansion.
Dried spices are popular among customers since they are regarded to be good for their health and well-being. Dried herbs and spices have been used in domestic cookery in Europe for generations because of their flavoring and therapeutic characteristics. In Europe, dried spices are becoming increasingly popular, with many households and restaurants using them in their cookery. During the evaluation period, increased knowledge of the advantages of dried spices is anticipated to contribute to market growth. Dried herbs and spices are used expressly for making exquisite sauces and dressings in certain nations, with companies like Kalsec and Chipotle established as market leaders.
Leading food and beverage firms are striving to move their business strategies toward small-sized packaging to promote sales through cost and convenience, as evidenced by recent transactions. Emerging competitors are challenging heritage brands by adding organic, local, fresh, and healthy items to their portfolios, but leading and notable players continue to choose inorganic growth through acquisitions of high-growth-potential start-ups.
The Germany market dominated the Europe Seasoning & Spices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,000.3 million by 2028. The UK market is estimated to grow at a CAGR of 3.9% during (2022 - 2028). Additionally, The France market would witness a CAGR of 5.5% during (2022 - 2028).
Based on Product, the market is segmented into Spices, Herbs, and Salt & Salt Substitutes. Based on Spices Type, the market is segmented into Turmeric, Pepper, Cinnamon, Cardamom, Coriander, Cloves, Cumin, Ginger, and Others. Based on Herbs Type, the market is segmented into Garlic, Mint, Oregano, Parsley, Fennel, Rosemary, and Others. Based on Form, the market is segmented into Powder & Crushed and Whole. Based on Distribution Channel, the market is segmented into Foodservice and Retail. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Seasoning & Spices Market Size will Hit $50.1 Billion by 2028, at a CAGR of 5.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ajinomoto Co., Inc., Associated British Foods PLC, Kerry Group PLC, McCormick & Company, Inc., Döhler Gmbh, Ariake Japan Co., Ltd., Baria Group, DS Group, Everest Food Products Pvt Ltd., and Bart Ingredients.
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