What is Spices Blends Market?
Spices blends which includes basil, celery seed, chives, bay leaf, cilantro, fennel, lemon grass, oregano, parsley, dill, rosemary, sage, and tarragon. Also, the spices such as chili powder, curry powder are premade by grocers. These spices are used in Indian cuisines in mixed form which is called Masala to add spice and flavour to the dishes. Moreover, the rising usage of spice blends in Indian subcontinent is fuelling the demand of spices blends.
The market study is being classified by Type (Basil, Celery Seed, Chives, Bay leaf, Cilantro and Others), by Application (Snacks, Convenience food, Soups, Sauces and Others) and major geographies with country level break-up.
Hart Foods (India), Akay Group (India), Vannspices (United States), Sunrise (India), Vinayak food group (India), Baronspices (United States), Narspices (India), Uk Blending (United Kingdom), Ricky Mountain Spice (United States) and MD Foods (India) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that India Vendors will contribute to the maximum growth of Global Spices Blends market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Spices Blends market by Type, Application and Region.
On the basis of geography, the market of Spices Blends has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Willingness to Pay for New Flavours and Ethnic Taste
- Increasing Demand for Ready to Use Spice Blends
- Increasing Demand for Spices Mixes as a Convenient Option Food Service Industry
- Changing Consumer Lifestyle
- Increasing Disposable Income is Boosting the Market Growth
- Spices are Prone to Microbial Contaminations
Market Leaders and some development strategies
On July 2020, ITC has acquired spices maker Sunrise Foods. This will augment the company’s product portfolio and is aligned to ITC’s aspiration to significantly scale up its spices business.
In December 2018, EHL has launched six new herb and spice blends as it aims to offer food manufacturers and caterers an international twist on traditional Christmas recipes. It includes black pepper, chili, cumin and coriander; game, featuring fennel, black pepper and juniper.
Key Target AudienceManufacturers, Raw material suppliers, Government associations, Research organizations and Others
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