About Blended Spice
The global blended spice market is expected to grow in the forecasted year due to the growing food industry worldwide. blanded spice is a seed, fruit, root bark, or other plant substance which is mostly used for flavoring, coloring or preserving food. Transition in global consumption trends and growing consumer inclination towards ethnic cuisines are some of the primary growth stimulants for the market. Changing lifestyles on account of greater economic participation is expected to boost up the demand for blended spices across the world. Indian spices are the most sought-after globally, given their exquisite aroma, texture, taste and medicinal value. India has the largest domestic market for spices in the world. India is the world's largest producer, consumer and exporter of spices; the country produces about 75 of the 109 varieties listed by the International Organization for Standardization (ISO) and accounts for half of the global trading in spices.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that Indian Vendors will contribute the maximum growth to Global Blended Spice market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sydler India (India), Biova Gmbh (Germany), Olam International (Singapore), Everest (India), VLC Spices (India), Dohler Group (Germany), McCormick (United States), Associated British Foods Plc (United Kingdom), Ajinomoto Co, Inc. (Japan) and Kerry Group (Ireland) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Blended Spice market by Type (Salt Substitutes, Herbs [Rosemary, Fennel, Garlic, Mint, Parsley, Oregano, Others], Salt, Individual and Mixed Spices [Pepper, Ginger, Cinnamon, Cumin, Turmeric, Cardamom, Coriander, Cloves, Others] and Others), Application (Bakery and Confectionery, Frozen Products, Sauces and Dressings, Convenience Food and Snacks, Meat and Poultry Products and Others) and Region.
On the basis of geography, the market of Blended Spice 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). Asia Pacific region held largest market share in the year 2023. If we see Market by Distribution Channel, the sub-segment i.e. Specialty Store will boost the Blended Spice market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Number of Quick Service Restaurants and Increasing Demand for Turmeric due to Antioxidant Properties
Market Growth Drivers:
Upsurging Demand for Authentic Ingredients and a Fusion of Ethnic Flavors and Rising Demand for Meat and Poultry Products
Challenges:
Growing Consumption of Low-Salt Foods is Leading to Rising in the Demand for Spices and Herbs as Substitutes for Taste
Restraints:
Trade Regulations on Product Import and Inefficient Logistics
Opportunities:
High Growth in the Food Industries across the World and Growing Demand from the Developed Countries
Market Leaders and their expansionary development strategies
In January 2023, Dabur India, a leading consumer packaged goods company in India, plans to become a significant player in the spices business. The company recently acquired Badshah Masala, a well-known spice brand, to increase its presence in the spices market.
In June 2023, Vasant Awadhi Garam Masala is launched from the house of Vasant Masala for food connoisseurs who love an exclusive aroma and unique taste in their food. The newly launched, innovative blended spice marks a new feather in the cap that promises to open a fresh and new market segment for the brand, Vasant Masala. The Awadhi Garam Masala is available in convenient packaging of 10Rs., 20Rs., 100g, 200 g, and 500g quantities, throughout the retail markets.
Key Target Audience
Blended Spices Manufactures, Blended Spices Distributors, Blended Spices Suppliers, Government Regulatory Bodies, Private Research Organizations, Government Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.