Cooking Spices and Masala Sales and Marketing Agency in Pune
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.
The global spices and seasonings market is expected to grow from USD 21.3 billion in 2021 to USD 27.4 billion by 2026, at a CAGR of 5.2% from 2021 to 2026. Spices and seasonings are widely used to add flavor, aroma, color, and taste to food beverages, and sometimes also as preservatives or antibacterial agents. Convenience food manufacturers use these attributes of spices and seasonings to improve their product quality and taste and increase their shelf life. Consumer willingness to experiment with new flavors and increasing interest in ethnic tastes has generated a proliferation in product offerings and an increase in the sale of spices and seasonings. The success of this industry can also be attributed to its response to consumer demand for healthier products, convenience, and a variety of flavors.
Spices are primarily used as food flavoring. They are also used to perfume cosmetics and incense. At various periods, many spices have been believed to have medicinal value. Finally, since they are expensive, rare, and exotic commodities, their conspicuous consumption has often been a symbol of wealth and social class.