Dried spices are used generally used to enhance the aroma and taste of food. However, these dried spices also carry medicinal properties. These spices can be used as a home remedy for the treatment of sinus, body ache, cold, rashes, and many other health conditions. The growing inclination of consumers towards ethnic cuisines and a shift in consumption trends are among the prominent factors contributing to the development of the global dried spices market. Additionally, the widening of the food and beverage industry along with the rising awareness about the medical properties of the spices is positively influencing the growth of this market.
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Change in lifestyle due to high economic proliferation is among the key factors that are driving the progress of the global dried spices market. As a result, the market is experiencing an upsurge in the demand for convenience food items such as snacks, soups, sauces, canned products, and others. Several factors such as favorable climatic conditions, globalization, increasing population, and availability of ready to use mixtures of spices are further contributing to the progress of the global market.
Some of the key insights about the global dried spices market are given below:
- The global dried spices market has five key regions viz. North America, Latin America, Europe, Middle East and Africa, and Asia Pacific that provide us with a better understanding of its working dynamics. Currently, Asia Pacific is contributing substantially to the growth of the market due to the rising per capita income, change in lifestyle, and increasing population in the region.
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- The leading players in the global market for dried spices are expected to witness strong competition due to the presence of a large number of regional, as well as international players in the market. Some of the leading brands in the global market include names such as McCormick, Dohler Group, Kerry Group, VLC Spices, Ajinomoto Co, Olam International, Associated British Foods Plc, Baria Pepper, Biova Gmbh, Sydler India, and Everest among others.