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Global Spices Market Research Report - Forecast to 2022 Global Spices Market Research Report - Forecast to 2022

  • ID: MRFR/F-B & N/1113-CRR
  • |
  • March, 2017
  • |
  • Region: Global
  • |
  • 82 pages
  • |
  • Cooked Research Reports

Global Spices Market Information- by Type (turmeric, chili & pepper, cinnamon, nutmeg, ginger and others), by function (flavor, color, preservative and others) and application (culinary, sauces and dips, bakery foods, RTE foods, beverages, and others) by Region - Forecast to 2022


Report Description

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.

Key Players

The leading market players in the global spices market primarily are McCormick & Co., Inc. (U.S.), Olam International (Singapore), Everest Spices (India), B&G Foods Holdings Corp. (U.S.), Cerebos Gregg’s Limited (New Zealand), MTR Foods Private Limited (India), Mahashian Di Hatti Limited (MDH)(India) and ITC Spices (India)

Study Objectives of Spices Market Forecast to 2022



  • Detailed analysis for individual micro and macro markets for Spices

  • To estimate market size by type, form, function, application and region

  • To understand the supply and demand dynamics of Spices

  • To provide region level market analysis and future outlook for Asia Pacific, North America, Central America, Europe, Middle East and Africa

  • Company profiling of major players & competitive positioning for the Spices market

  • Value chain analysis and supply chain analysis of Spices

  • Analysis of historical market trends, and technologies, and current government regulatory requirements related to Spices market


Target Audience



  • Spices Manufacturers

  • Agriculture Industry

  • Food Industry

  • Continental Restaurants

  • Sauces & Dips Manufacturers

  • Traders, Importers and exporters




Key Findings



  • The spices market in Asia pacific is projected to grow at CAGR of 3.14%

  • In 2016, chillies among the various spices accounted for the highest share

  • Spices is majorly used for flavor application and is projected to grow at rate of 2.94% during the forecasted period


Regional and Country Analysis of Spices Market Development and Demand Forecast to 2022 Market


The reports also cover country level analysis:


North America


  • US

  • Canada


Central America

  • Guatemala

  • Mexico 


Europe


  • Spain

  • Ukraine

  • Netherlands

  • Romania

  • Rest of Europe


Asia – Pacific

  • China

  • India

  • Indonesia

  • Vietnam

  • Rest of Asia Pacific




 

Table of Contents

1            Executive Summary       

2            Introduction      

2.1         Definition           

2.2         Scope of the Study         

2.2.1      Research Objective        

2.2.2      Assumptions     

2.2.3      Limitations         

2.3         Market Structure            

3            Research Methodology

3.1         Introduction      

3.2         Primary Research            

3.3         Secondary Research      

4            Market Dynamics            

4.1         Introduction      

4.2         Drivers 

4.2.1      Increase in spices consumption

4.2.2      Increase in demand for processed foods             

4.2.3      Advancements in technology    

4.2.4      Globalization and openness to new foods           

4.3         Restraints           

4.3.1      Government regulations             

4.3.2      Side effects of spices on health

4.3.3      Low productivity in spices           

4.4         Opportunities   

4.4.1      Innovations in products and processes 

4.4.2      Liberalization in trade    

4.4.3      Increasing demand of essential oils        

4.5         Challenges         

4.5.1      Higher costs in quality management       

4.5.2      Insufficient quantities of quality spices 

4.5.3      Food safety regulations               

5            Market Trends 

5.1         Trends in Supply/Production     

5.2         Trends in Demand/Consumption             

5.3         Emerging Markets (Supply & Demand) 

5.4         Emerging Brands             

5.5         Trade (Import-Export) Analysis 

5.5.1      Export Analysis

5.5.2      Import Analysis

5.6         Innovations in Product/Process

5.7         Macroeconomic Indicator Analysis for Top 2 Spices Market         

5.7.1      PESTLE Analysis -U.S.     

5.7.2      PESTLE Analysis -India   

6            Market Factor Analysis 

6.1         Introduction      

6.2         Value Chain Analysis      

6.3         Porter’s Five Forces       

6.3.1      Threat of New Entrants

6.3.2      Threat of Substitutes    

6.3.3      Buyer Power     

6.3.4      Supplier Power

6.3.5      Intensity of Rivalry         

6.4         Supply Chain Analysis    

7            Global Spices Market, By Type  

8            Global Spices Market, By Function          

9            Global Spices Market, By Form 

10          Global Spices Market, By Application     

11          Global Spices Market, By Region              

11.1       America Spices Market 

11.2       Europe Spices Market   

11.3       Asia Pacific Spices Market

11.4       Rest of the World Spices Market              

12         Competitive Landscape

12.1       Introduction      

12.2       Product Launch/Development  

12.3       Business Expansion        

12.4       Certification      

12.5       R&D/Investment            

12.6       Acquitions          

13          Company Profiles           

13.1       McCormick        

13.1.1    Introduction      

13.1.2    Financial              

13.1.3    Product Portfolio            

13.1.4    Business Strategy           

13.2       Olam International Ltd.

13.2.1    Introduction      

13.2.2    Financial              

13.2.3    Product Portfolio            

13.2.4    Business Strategy           

13.3        B&G Foods, Inc.               

13.3.1    Introduction      

13.3.2    Financial              

13.3.3    Product Portfolio            

13.3.4    Business Strategy           

13.4        Cerebos Gregg’s Limited             

13.4.1    Introduction      

13.4.2    Product Portfolio            

13.4.3    Business Strategy           

13.5        Everest Spices  

13.5.1    Introduction      

13.5.2    Product Portfolio            

13.5.3    Business Strategy           

13.6        MDH Pvt Ltd      

13.6.1    Introduction      

13.6.2    Product Portfolio            

13.7        MTR Foods Pvt Ltd         

13.7.1    Introduction      

13.7.2    Product Portfolio            

13.8        ITC Spices           

13.8.1    Introduction      

13.8.2    Product Portfolio            

List of Tables

TABLE 1                PESTLE ANALYSIS-U.S.  

TABLE 2                PESTLE ANALYSIS-INDIA               

TABLE 3                GLOBAL SPICES MARKET, (2015-2022), BY TYPE KILO TONS           

TABLE 4                GLOBAL SPICES MARKET, (2015-2022), BY FUNCTION KILO TONS               

TABLE 5                GLOBAL SPICES MARKET, (2015-2022), BY FORM KILO TONS        

TABLE 6                GLOBAL SPICES MARKET, (2015-2022), BY APPLICATION, KILO TONS        

TABLE 7                GLOBAL SPICES MARKET, (2015-2022), BY REGION, KILO TONS   

TABLE 8                AMERICA SPICES MARKET, (2015-2022), BY COUNTRY, KILO TONS            

TABLE 9                AMERICA SPICES MARKET, (2015-2022), BY TYPE, KILO TONS       

TABLE 10              AMERICA SPICES MARKET, (2015-2022), BY FUNCTION, KILO TONS          

TABLE 11              AMERICA SPICES MARKET, (2015-2022), BY FORM, KILO TONS    

TABLE 12              AMERICA SPICES MARKET, (2015-2022), BY APPLICATION, KILO TONS     

TABLE 13              U.S. SPICES MARKET, (2015-2022), BY TYPE, KILO TONS  

TABLE 14              CANADA SPICES MARKET, (2015-2022), BY TYPE KILO TONS         

TABLE 15              CENTRAL AMERICA SPICES MARKET, (2015-2022), BY TYPE, KILO TONS   

TABLE 16              EUROPE SPICES MARKET, (2015-2022), BY COUNTRY, KILO TONS               

TABLE 17              EUROPE SPICES MARKET, (2015-2022), BY TYPE, KILO TONS         

TABLE 18              EUROPE SPICES MARKET, (2015-2022), BY FUNCTION, KILO TONS             

TABLE 19              EUROPE SPICES MARKET, (2015-2022), BY FORM, KILO TONS      

TABLE 20              EUROPE SPICES MARKET, (2015-2022), BY APPLICATION, KILO TONS       

TABLE 21              SPAIN SPICES MARKET, (2015-2022), BY TYPE KILO TONS                47

TABLE 22              UKRAINE SPICES MARKET, (2015-2022), BY TYPE KILO TONS         

TABLE 23              NETHERLANDS SPICES MARKET, (2015-2022), BY TYPE KILO TONS              

TABLE 24              ROMANIA SPICES MARKET, (2015-2022), BY TYPE KILO TONS      

TABLE 25              ITALY SPICES MARKET, (2015-2022), BY TYPE, KILO TONS               

TABLE 26              REST OF EUROPE SPICES MARKET, (2015-2022), BY TYPE KILO TONS         

TABLE 27              ASIA PACIFIC SPICES MARKET, (2015-2022), KILO TONS 

TABLE 28              ASIA PACIFIC SPICES MARKET, (2015-2022), BY TYPE KILO TONS 

TABLE 29              ASIA PACIFIC SPICES MARKET, (2015-2022), BY FUNCTION, KILO TONS   

TABLE 30              ASIA PACIFIC SPICES MARKET, (2015-2022), BY FORM, KILO TONS            

TABLE 31              ASIA PACIFIC SPICES MARKET, (2015-2022), BY APPLICATION, KILO TONS             

TABLE 32              CHINA SPICES MARKET, (2015-2022), BY TYPE, KILO TONS             

TABLE 33              INDIA SPICES MARKET, (2015-2022), BY TYPE KILO TONS               

TABLE 34              INDONESIA SPICES MARKET, (2015-2022), BY TYPE KILO TONS    

TABLE 35              VIETNAM SPICES MARKET, (2015-2022), BY TYPE KILO TONS        

TABLE 36              REST OF ASIA PACIFIC SPICES MARKET, (2015-2022), BY TYPE KILO TONS               

TABLE 37              REST OF THE WORLD SPICES MARKET, (2015-2022), BY COUNTRY, KILO TONS      

TABLE 38              REST OF THE WORLD SPICES MARKET, (2015-2022), BY TYPE KILO TONS  

TABLE 39              REST OF THE WORLD SPICES MARKET, (2015-2022), BY FUNCTION, KILO TONS    

TABLE 40              REST OF THE WORLD SPICES MARKET, (2015-2022), BY FORM KILO TONS               

TABLE 41              REST OF THE WORLD SPICES MARKET, (2015-2022), BY APPLICATION, KILO TONS               

TABLE 42              MIDDLE-EAST SPICES MARKET, (2015-2022), BY TYPE KILO TONS

TABLE 43              AFRICA SPICES MARKET, (2015-2022), BY TYPE KILO TONS            

TABLE 44              SOUTH AMERICA SPICES MARKET, (2015-2022), BY TYPE KILO TONS         

TABLE 45              COMPETIVE LANDSCAPING: SPICES MARKET: BY STRATEGY         

List of Figures

FIGURE 1             RESEARCH METHODOLOGY        

FIGURE 2             PRIMARY RESEARCH      

FIGURE 3             SECONDARY DATA ANALYSIS APPROACH             

FIGURE 4             GLOBAL SPICES MARKET SUPPLY TRENDS AND FORECAST (2016-2022)   

FIGURE 5             GLOBAL SPICES MARKET DEMAND TRENDS AND FORECAST (2014-2022)

FIGURE 6             EMERGING MARKETS (SUPPLY & DEMAND)       

FIGURE 7             TREND IN SPICE EXPORTS (2012-2015), KILO TONS           

FIGURE 8             SPICE EXPORT SHARE ANALYSIS, (2011 VS 2015)

FIGURE 9             WORLD SPICE EXPORTS GROWTH TRENDS, 2011-2015 (%)            

FIGURE 10           TREND IN SPICE IMPORTS (2012-2015), KILO TONS           

FIGURE 11           SPICE IMPORT SHARE ANALYSIS, (2011 VS 2015), %         

FIGURE 12           WORLD SPICE IMPORTS GROWTH TRENDS (2011-15), %

FIGURE 13           VALUE CHAIN OF SPICES              

FIGURE 14           PORTER FIVE FORCES - SPICES MARKET 

FIGURE 15           SUPPLY CHAIN OF SPICES            

FIGURE 16           GLOBAL SPICES MARKET, (2015-2022), BY TYPE, KILO TONS          

FIGURE 17           GLOBAL SPICES MARKET, (2015-2022), BY FUNCTION, KILO TONS             

FIGURE 18           GLOBAL SPICES MARKET, (2014-2022), BY FORM, KILO TONS       

FIGURE 19           GLOBAL SPICES MARKET, (2015-2022), BY APPLICATION, KILO TONS        

FIGURE 20           GLOBAL SPICES MARKET, (2015-2022), BY REGION, KILO TONS   

FIGURE 21           COMPETIVE LANDSCAPING: SPICES MARKET: BY STRATEGY        

FIGURE 22           TOTAL SALES AND NET INCOME OF MCCORMIK DURING 2012 TO 2016 IN USD MILLION

FIGURE 23           BREAKDOWN OF TOTAL REVENUE OF MCCORMIK DURING 2012 TO 2016 IN USD MILLION            

FIGURE 24           SALES AND NET INCOME OF OLAM INTERNATIONAL LTD DURING 2011 TO 2015 IN USD MILLION               

FIGURE 25           SALES AND NET INCOME OF B&G FOOD, INC. DURING 2011 TO 2015 IN USD MILLION     

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