Spice & Condiments
Spices are known for their aromatic flavourings and seasoning in each dish. Spices are usually made from dried seeds, fruits and roots of a plant. The common types of spices are garlic powder, cinnamon, paprika, turmeric and ground black pepper.
For your information, spices have been known for their trade goods since the ancient years. Spices are known for their demand all across the such as Asia, Middle East, Europe & India. Besides that, spices are also known for their medical benefits such as antioxidant, anti-inflammatory, antibacterial, and antiviral. The global market for spices is likely to witness a 3.89% CAGR from 2019 to 2025, expanding its valuation to about 14.5 billion U.S. dollars by the end of 2025.
The use of herbs and spices has been incredibly important throughout history.
- Many were celebrated for their medicinal properties, well before culinary use.
- Modern science has now shown that many of them do indeed carry remarkable health benefits.
- A condiment is a spice, sauce, or preparation that is added to food, typically after cooking, to impart a specific flavor, to enhance the flavor, or to complement the dish and is usually added after the food has been cooked prior to serving.
The major trends influencing the spices & seasonings market are the increase in demand for processed meat and convenience products, clean labels gradually becoming mandatory, and a rise in preference for natural ingredients and flavors. Consumers are beginning to place more value on foods that offer them benefits other than just taste, and hence, demand for healthy, natural, and safe food products is on the rise.
Sauces & Condiments
The global sauces, dressings, and condiments market size were valued at USD 130.4 billion in 2018. Shifting consumer diet preferences and consumption patterns towards healthy and nutritional food is a major factor for industry growth. Furthermore, the increasing popularity of international cuisines, coupled with flavorful ethnic sauces, is fueling the demand for sauces, dressings, and condiments.