The overall spices and seasonings market is expected to grow from USD 11.02 billion in 2014 to USD 14.08 billion by 2020
Factors such as the increasing demand for packaged or convenience food products and meat & poultry products, owing to changing consumer lifestyle are expected to increase the demand for spices and seasonings globally. The demand for spices and seasonings is anticipated to increase in the Asia-Pacific region owing to factors such as rising disposable income, rapidly growing fast food industry, and urbanization in countries such as China, India, and Japan. The rising consumer awareness about the medicinal benefits associated with the consumption of spices is also expected to increase the demand for spices and seasonings globally. The base year considered for the study is 2014, and the forecast has been provided for the period between 2015 and 2023.
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