Spices Market Research Report - Forecast to 2022

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




 

License

Single User Enterprise User (Buy Premium Reports Chapterwise)
TABLE OF CONTENTS

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

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

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

5.1 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

6.1 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

11.1 America Spices Market

11.2 Europe Spices Market

11.3 Asia Pacific Spices Market

11.4 Rest of the World Spices Market

12.1 Introduction

12.2 Product Launch/Development

12.3 Business Expansion

12.4 Certification

12.5 R&D/Investment

12.6 Acquitions

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

TABLE 1 PESTLE ANALYSIS-U.S. 26
TABLE 2 PESTLE ANALYSIS-INDIA 27
TABLE 3 GLOBAL SPICES MARKET, (2015-2022), BY TYPE KILO TONS 34
TABLE 4 GLOBAL SPICES MARKET, (2015-2022), BY FUNCTION KILO TONS 36
TABLE 5 GLOBAL SPICES MARKET, (2015-2022), BY FORM KILO TONS 37
TABLE 6 GLOBAL SPICES MARKET, (2015-2022), BY APPLICATION, KILO TONS 38
TABLE 7 GLOBAL SPICES MARKET, (2015-2022), BY REGION, KILO TONS 40
TABLE 8 AMERICA SPICES MARKET, (2015-2022), BY COUNTRY, KILO TONS 41
TABLE 9 AMERICA SPICES MARKET, (2015-2022), BY TYPE, KILO TONS 41
TABLE 10 AMERICA SPICES MARKET, (2015-2022), BY FUNCTION, KILO TONS 42
TABLE 11 AMERICA SPICES MARKET, (2015-2022), BY FORM, KILO TONS 42
TABLE 12 AMERICA SPICES MARKET, (2015-2022), BY APPLICATION, KILO TONS 43
TABLE 13 U.S. SPICES MARKET, (2015-2022), BY TYPE, KILO TONS 43
TABLE 14 CANADA SPICES MARKET, (2015-2022), BY TYPE KILO TONS 44
TABLE 15 CENTRAL AMERICA SPICES MARKET, (2015-2022), BY TYPE, KILO TONS 44
TABLE 16 EUROPE SPICES MARKET, (2015-2022), BY COUNTRY, KILO TONS 45
TABLE 17 EUROPE SPICES MARKET, (2015-2022), BY TYPE, KILO TONS 45
TABLE 18 EUROPE SPICES MARKET, (2015-2022), BY FUNCTION, KILO TONS 46
TABLE 19 EUROPE SPICES MARKET, (2015-2022), BY FORM, KILO TONS 46
TABLE 20 EUROPE SPICES MARKET, (2015-2022), BY APPLICATION, KILO TONS 47
TABLE 21 SPAIN SPICES MARKET, (2015-2022), BY TYPE KILO TONS 47
TABLE 22 UKRAINE SPICES MARKET, (2015-2022), BY TYPE KILO TONS 48
TABLE 23 NETHERLANDS SPICES MARKET, (2015-2022), BY TYPE KILO TONS 48
TABLE 24 ROMANIA SPICES MARKET, (2015-2022), BY TYPE KILO TONS 49
TABLE 25 ITALY SPICES MARKET, (2015-2022), BY TYPE, KILO TONS 49
TABLE 26 REST OF EUROPE SPICES MARKET, (2015-2022), BY TYPE KILO TONS 49
TABLE 27 ASIA PACIFIC SPICES MARKET, (2015-2022), KILO TONS 50
TABLE 28 ASIA PACIFIC SPICES MARKET, (2015-2022), BY TYPE KILO TONS 51
TABLE 29 ASIA PACIFIC SPICES MARKET, (2015-2022), BY FUNCTION, KILO TONS 51
TABLE 30 ASIA PACIFIC SPICES MARKET, (2015-2022), BY FORM, KILO TONS 52
TABLE 31 ASIA PACIFIC SPICES MARKET, (2015-2022), BY APPLICATION, KILO TONS 53
TABLE 32 CHINA SPICES MARKET, (2015-2022), BY TYPE, KILO TONS 54
TABLE 33 INDIA SPICES MARKET, (2015-2022), BY TYPE KILO TONS 54
TABLE 34 INDONESIA SPICES MARKET, (2015-2022), BY TYPE KILO TONS 55
TABLE 35 VIETNAM SPICES MARKET, (2015-2022), BY TYPE KILO TONS 55
TABLE 36 REST OF ASIA PACIFIC SPICES MARKET, (2015-2022), BY TYPE KILO TONS 56
TABLE 37 REST OF THE WORLD SPICES MARKET, (2015-2022), BY COUNTRY, KILO TONS 56
TABLE 38 REST OF THE WORLD SPICES MARKET, (2015-2022), BY TYPE KILO TONS 57
TABLE 39 REST OF THE WORLD SPICES MARKET, (2015-2022), BY FUNCTION, KILO TONS 57
TABLE 40 REST OF THE WORLD SPICES MARKET, (2015-2022), BY FORM KILO TONS 58
TABLE 41 REST OF THE WORLD SPICES MARKET, (2015-2022), BY APPLICATION, KILO TONS 59
TABLE 42 MIDDLE-EAST SPICES MARKET, (2015-2022), BY TYPE KILO TONS 59
TABLE 43 AFRICA SPICES MARKET, (2015-2022), BY TYPE KILO TONS 60
TABLE 44 SOUTH AMERICA SPICES MARKET, (2015-2022), BY TYPE KILO TONS 61
TABLE 45 COMPETIVE LANDSCAPING: SPICES MARKET: BY STRATEGY 62

FIGURE 1 RESEARCH METHODOLOGY 13
FIGURE 2 PRIMARY RESEARCH 14
FIGURE 3 SECONDARY DATA ANALYSIS APPROACH 15
FIGURE 4 GLOBAL SPICES MARKET SUPPLY TRENDS AND FORECAST (2016-2022) 19
FIGURE 5 GLOBAL SPICES MARKET DEMAND TRENDS AND FORECAST (2014-2022) 20
FIGURE 6 EMERGING MARKETS (SUPPLY & DEMAND) 21
FIGURE 7 TREND IN SPICE EXPORTS (2012-2015), KILO TONS 22
FIGURE 8 SPICE EXPORT SHARE ANALYSIS, (2011 VS 2015) 22
FIGURE 9 WORLD SPICE EXPORTS GROWTH TRENDS, 2011-2015 (%) 23
FIGURE 10 TREND IN SPICE IMPORTS (2012-2015), KILO TONS 24
FIGURE 11 SPICE IMPORT SHARE ANALYSIS, (2011 VS 2015), % 24
FIGURE 12 WORLD SPICE IMPORTS GROWTH TRENDS (2011-15), % 25
FIGURE 13 VALUE CHAIN OF SPICES 29
FIGURE 14 PORTER FIVE FORCES - SPICES MARKET 31
FIGURE 15 SUPPLY CHAIN OF SPICES 33
FIGURE 16 GLOBAL SPICES MARKET, (2015-2022), BY TYPE, KILO TONS 35
FIGURE 17 GLOBAL SPICES MARKET, (2015-2022), BY FUNCTION, KILO TONS 36
FIGURE 18 GLOBAL SPICES MARKET, (2014-2022), BY FORM, KILO TONS 37
FIGURE 19 GLOBAL SPICES MARKET, (2015-2022), BY APPLICATION, KILO TONS 39
FIGURE 20 GLOBAL SPICES MARKET, (2015-2022), BY REGION, KILO TONS 40
FIGURE 21 COMPETIVE LANDSCAPING: SPICES MARKET: BY STRATEGY 62
FIGURE 22 TOTAL SALES AND NET INCOME OF MCCORMIK DURING 2012 TO 2016 IN USD MILLION 66
FIGURE 23 BREAKDOWN OF TOTAL REVENUE OF MCCORMIK DURING 2012 TO 2016 IN USD MILLION 67
FIGURE 24 SALES AND NET INCOME OF OLAM INTERNATIONAL LTD DURING 2011 TO 2015 IN USD MILLION 72
FIGURE 25 SALES AND NET INCOME OF B&G FOOD, INC. DURING 2011 TO 2015 IN USD MILLION 75