Spice Market Will Reflect Significant Growth Prospects During 2015-23

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Spice Market - Global Industry Analysis,
Size, Share, Trends and Forecast 2015 2023

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The global spice market is driven by growing demand for convenience foods. The spice market can be segmented on the basis
of product types: pepper, cumin, clove, cardamom, ginger and others. In addition, the spice market is segmented on the basis of
application type into frozen food, sauces, soups, meat, bakery, poultry food, convenience foods and others. The spice market is
directly influenced by the rising processed food industry. In addition, the increase in consumption of confectionery products,
fried food and ready-to-eat in the developed economies and bakery product are driving the market for spices.
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One of the major driving forces for this market include increased use of spices as natural preservatives for meat and poultry. In
addition, rising demand for health and wellness food is the key factor to improve the demand for spice globally. Development in
economy of emerging Asian countries which would increase the demand of convenience food, confectionery and snacks is
anticipated to provide growth opportunity to the spice market. In addition, increasing demand of meat, soups and poultry
products is expected to raise the demand of spice market globally.
The spice market is increasing in accordance with the development of the processed food industry. The increase in demand from...