With the emergence and long-term Impact of COVID-19, Global Dried Spices Market to reach USD 8.25 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Dried Spices Market is poised to raise up to USD 8.25 Billion by 2030. Dehydrated seasonings are natural goods such as herbs, seeds, fruits, and vegetables that have been dried for use in cooking. Such spices are commonly used to improve the taste, aroma, and look of many cuisines, and the drying process helps to boost the durability of the items while also making their flavors more prominent. Spice drying is the process of removing water from fresh ingredients using a variety of methods such as air-drying, sun-drying, or dehydration equipment.
The Dried Spices Market is expanding because of factors such as increasing knowledge of the health advantages connected with dried spice consumption, an increase in remote work and home-based cooking activities and growing cuisine trends resulting in high popularity of ready-to-use spice combinations such as oregano.
Geographically, the global Dried Spices market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). Europe dominated the market in 2022, owing to factors such as the rising use of dried spice in European cuisine and growing consumer awareness regarding the health benefits of dried spices. Asia Pacific is expected to grow significantly over the forecast period 2023-2030. The region’s growing population drives up demand for dried spices. With a vast consumer base and a rich culinary tradition, spices are widely used in everyday cooking.
Furthermore, dried spices have a major cultural value in many Asian countries. They are frequently strongly embedded in culinary traditions, rituals, and festivities, resulting in continual demand from homes and commercial food outlets. Additionally, some countries in the region, such as India, China, Indonesia, Vietnam, and Thailand, have optimal conditions for spice cultivation, enabling for large-scale production of dried spices.
The global Dried Spices market is highly competitive owing to the presence of several key market players such as The Kraft Heinz Company, Ajinomoto Co. Inc., Adams Extract & Spice LLC, Nestle S.A.. McCormick & Company Inc., DF World Of Spices GmbH, Mahashian Di Hatti (MDH) Private Limited, and others.
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Key findings of the study suggest:
- Global Dried Spices Market is anticipated to grow with a healthy growth rate of more than 4.6% over the forecast period 2023-2030.
- In the Product segment, Pepper emerged out as the leading market segment in 2022.
- In the Distribution segment, Grocery Stores emerged out as the leading market segment in 2022.
- Europe is anticipated to drive regional growth Owing to rising use of dried spice in European cuisine and growing consumer awareness regarding the health benefits of dried spices.
- Asia-Pacific is expected to grow at higher rate followed by Europe during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
Product Type:
- Pepper
- Paprika
- Cloves
- Coriander
- Turmeric
- Cumin
- Oregano
- Thyme
- Parsley
- Marjoram
- Bay Leaves
- Mint
- Others
Distribution Channel:
- Hypermarket/ Supermarket
- Grocery Stores
- Online Channel
- Others
End-Use:
- Retail
- Industrial
- Catering
Source:
- Natural
- Organic
Product Form:
- Powder
- Whole Dried Spice
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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