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North America Spices And Seasonings Market By Type, Application (Meat & Poultry Products, Snacks & Convenience Food, Soups, Sauces, And Dressings, Bakery & Confectionery, Frozen Products, Beverages, And Others) And By Country (US, Canada and Rest of North America) - Growth, Size, Share, Trends, and Forecasts (2022-2027)

Published: March, 2023
ID: 7356
Pages: 145
Formats: report pdf report excel report power bi report ppt

North America Spices and Seasonings Market (2022 - 2027)

North America Spices and Seasonings Market size was around USD 4.88 billion in 2021 It is expected to grow at a CAGR of 6.3% to reach USD 8.32 billion by 2027

More often than not consumer prefer in-house prepared food during the unstable economic condition and because of that seasoning market is considered to be recession-proof. It is an essential part of cuisine since it is accountable to add aroma and taste to the food. It is mainly used in snacks to enhance the flavour of food. Because of globalization along with rising influence of western countries, the seasoning market has risen significantly.

North America Spices and Seasonings Market Growth Drivers:

Increasing number of consumers who consider seasoning to augment their meals with better tastes is the primary driver of this North America Spices and Seasonings Market. Rising disposable incomes in emerging economies and rapid urbanization are the secondary factors driving the growth of this market. Finally, changing demographics in the western countries is also likely to affect the North America Spices and Seasonings Market growth in a positive way.Growing cases of unfair trade practises leading to many arbitrations internationally and sanctions of WTO in many countries is the primary restraint of this market. Furthermore, volatility in the market prices of spices and fragile supply chains make it difficult to sustain a high growth trajectory over a period of time.

North America Spices and Seasonings Market Segmentation:

The North America Spices and Seasonings can be categorized into two categories:

  • by Type

  • by application

Based on Type: 

  • pepper

  • capsicum

  • ginger

  • cinnamon

  • cumin

  • turmeric

  • nutmeg and mace

  • cardamom

  • coriander

  • cloves

In this segment pepper followed by capsicum are the leading segments in the market. The use of pepper as a key ingredient in various cuisines has increased worldwide. Apart from that it is used extensively as a medicine in Ayurveda treatments thereby increasing its demand worldwide.

Based on Application

  • Meat & poultry products

  • Snacks & convenience food

  • Soups

  • sauces

  • dressings

  • Bakery & confectionery

  • frozen products

  • Beverages

In the applications segment, meat & poultry products commanded the largest market share in 2016. The demand for snacks & convenience food is likely to grow due to changing dietary patterns of consumers because of their changing consumer lifestyle.

North America Spices and Seasonings Market Regional Analysis

  • US

  • Canada

  • Mexico

  • Rest of North America

North America Spices and Seasonings Market captures 40% of the global Spices and Seasonings Market.

 

Key players

  1. McCormick & Company (U.S.)

  2. Associated British Foods (U.K.)

  3. Kerry Group Plc. (Ireland)

  4. Olam International Limited (Singapore)

  5. Ajinomoto Co., Inc. (Japan)

  6.  Ariake Japan Company (Japan)

  7. SHS Group (U.K.)

  8. Dohler Group (Germany)

  9. Worlee Gruppe (Germany)

  10. Sensient Technologies (U.S.)

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