Market Research Future (Food and Beverages) Spices Market Research Report | Page 2

Spices Market Research Report - Forecast to 2022
1 Summary
Spices Market Global Research Report by Type (Turmeric, Chili & Pepper, Cinnamon, Nutmeg, Ginger and others),
Function (Flavor, Color, Preservative and others) and Application (Culinary, Sauces and Dips, Bakery Foods, RTE
foods, beverages and others) and Region - Forecast to 2022
Key Players:
The key players of spices market are highly focused on R&D and new product launches over past few years. For
instance, McCormick had launched four new products in last year. Launching new products is assisting these
companies to expand their product portfolio and to differentiate their product line from their competitors. Most of the
product launched by these players are blended spices holding a unique taste. Majority of the players in the spices
market are concentrated in the Asia-Pacific region in terms of supply. However, spices is in more demand in the
European region. To enter into the spices market, the companies are more engrossed on getting certified from
various recognized institutes and governing bodies both locally and globally.
The leading market players in the global spices market report are Everest Spices (India), B&G Foods Holdings Corp.
(U.S.), McCormick & Co., Inc. (U.S.), Olam International (Singapore), Cerebos Gregg’s Limited (New Zealand), MTR
Foods Private Limited (India), Mahashian Di Hatti Limited (India), and ITC Spices (India) among many others.
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