Middle East and Africa Spices and Seasonings Market Growth, Size, Trends and Future Outlook
Middle East and Africa Spices and Seasonings Market Size- By Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Feb-2024 | Report ID: FOOD2429 | Pages: 1 - 153 | Formats*: |
| Category : Food & Beverages | |||
Middle East and Africa Spices and Seasonings Market Introduction and Overview
According to SPER Market Research, the Middle East and Africa Spices and Seasonings Market is estimated to reach USD 834.77 million by 2033 with a CAGR of 6.88%.
The report includes an in-depth analysis of the Middle East and Africa Spices and Seasonings Market, including market size and trends, product mix, distribution channels, and supplier analysis. Nowadays, people utilize spices and seasonings for their health benefits in addition to their flavor and taste. Because they contain antioxidant properties, they are used in meals to treat illnesses or other health concerns. Because of its high antioxidant content, turmeric, for example, may help fend off conditions like cancer, Alzheimer's, and inflammatory joints. As they help build the immune system, cumin seeds have antiseptic properties. Moreover, they can be utilized in place of prescription drugs and cosmetics.
- Olam Food Ingredients launched the first assortment of Blends of the Americas, a new line of spice blends, in September 2021. The 17 ready-to-use dry blends provide a straightforward, clean-label way for food makers, foodservice providers, and retailers to create authentic, dependable flavours.
Market Opportunities and Challenges
Opportunities: There are plenty of opportunities in the spices & seasonings market, which are influenced by a number of factors. A rising interest in foreign flavors and cuisines is driving a need for a variety of culinary experiences across the globe. Because consumers want authentic tastes from around the world, this need drives innovation and experimentation in the spices and seasonings industry. Furthermore, as people search for natural substitutes to improve the flavor and nutritional content of their meals, the growing knowledge of the health advantages of specific herbs and spices also supports market expansion. In addition, a sizable consumer base for spices and seasonings is created by the growing restaurant sector and the home cooking trend, both in the retail and bulk markets.
Challenges: A number of challenges could prevent the spices and seasonings market from expanding and being profitable. The fluctuating cost of raw materials and supply chain interruptions pose a serious obstacle. A lot of herbs and spices come from particular areas that are vulnerable to natural disasters, geopolitical unrest, or climate change, which causes availability and price swings. For manufacturers, this instability may make it difficult to maintain competitive pricing and secure supplies. International trade and market access are also hampered by the strict regulatory frameworks and quality standards that exist in various nations. For companies in this industry, ensuring compliance with a variety of standards while upholding product quality and consistency may be difficult and expensive.
Market Competitive Landscape
The Spices and Seasonings Market in Middle East and Africa is fairly consolidated. Some of the market key players are McCormick & Company, Associated British Foods, Kerry Group Plc., Olam International Limited, Ajinomoto Co., Inc., Ariake Japan Group, SHS Group, Dohler Group, Worlee Gruppe, Sensient Technologies, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Application |
| Regions covered | Eastern Region, Western Region, Northern Region, Southern Region |
| Companies Covered | McCormick & Company, Associated British Foods, Kerry Group Plc., Olam International Limited, Ajinomoto Co., Inc., Ariake Japan Group, SHS Group, Dohler Group, Worlee Gruppe, Sensient Technologies, Others. |
COVID-19 Impact on Middle East and Africa Spices and Seasonings Market
The Middle East and Africa Spices & Seasonings Market has had a variety of effects due to the COVID-19 pandemic. Initially, obtaining and distributing spices and seasonings around the region proved difficult due to the strict lockdown measures and supply chain disruptions. Short-term changes in supply and demand caused short-term swings in market dynamics. Nonetheless, there was a spike in demand for spices and seasonings as people resorted to cooking at home during lockdowns, motivated by a desire to try new flavors and improve home-cooked meals. Furthermore, the demand was further increased by the expanding knowledge of the health advantages linked to specific spices, which are thought to improve immunity and general wellness.
Key Target Audience:
- Consumer Segment Analysis
- Foodservice Industry
- Retailers and Distributors
- Manufacturers and Suppliers
- Culinary Professionals
- Health and Wellness Enthusiasts
- International Markets
- Hospitality Sector
- Culinary Schools and Institutes
Our in-depth analysis of the Middle East and Africa Spices and Seasonings Market includes the following segments:
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| By Application: |
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Key Topics Covered in the Report:
- Middle East and Africa Spices and Seasonings Market Size (FY’2024-FY’2033)
- Overview of Middle East and Africa Spices and Seasonings Market
- Segmentation of Middle East and Africa Spices and Seasonings Market By Type (Pepper, Capsicum, Ginger, Cinnamon, Cumin, Turmeric, Nutmeg and Mace, Cardamom, Coriander, Clove)
- Segmentation of Middle East and Africa Spices and Seasonings Market By Application (Meat & Poultry Products, Snacks & Convenience Food, Soups, Sauces, Dressings, Bakery & Confectionary, Frozen Products, Beverage)
- Expansion Analysis of Middle East and Africa Spices and Seasonings Market
- Problems and Obstacles in Middle East and Africa Spices and Seasonings Market
- Competitive Landscape in the Middle East and Africa Spices and Seasonings Market
- Impact of COVID-19 and Demonetization on Middle East and Africa Spices and Seasonings Market
- Details on Current Investment in Middle East and Africa Spices and Seasonings Market
- Competitive Analysis of Middle East and Africa Spices and Seasonings Market
- Prominent Players in the Middle East and Africa Spices and Seasonings Market
- SWOT Analysis of Middle East and Africa Spices and Seasonings Market
- Middle East and Africa Spices and Seasonings Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Middle East and Africa Spices and Seasonings Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Middle East and Africa Spices and Seasonings Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Middle East and Africa Spices and Seasonings Market
7. Middle East and Africa Spices and Seasonings Market, By Type (USD Million)
7.1. Middle East and Africa Spices and Seasonings Market Value Share and Forecast, By Type, 2024-20337.2. Pepper7.3. Capsicum7.4. Ginger7.5. Cinnamon7.6. Cumin7.7. Turmeric7.8. Nutmeg and Mace7.9. Cardamom7.10. Coriander7.11. Clove
8. Middle East and Africa Spices and Seasonings Market, By Application (USD Million)
8.1. Middle East and Africa Spices and Seasonings Market Value Share and Forecast, By Application, 2024-20338.2. Meat & Poultry Products8.3. Snacks & Convenience Food8.4. Soups8.5. Sauces8.6. Dressings8.7. Bakery & Confectionary8.8. Frozen Products8.9. Beverage
9. Middle East and Africa Spices and Seasonings Market Forecast, 2019-2033 (USD Million)
9.1. Middle East and Africa Spices and Seasonings Market Size and Market Share
10. Middle East and Africa Spices and Seasonings Market, By Type, 2019-2033 (USD Million)
10.1. Middle East and Africa Spices and Seasonings Market Size and Market Share By Type (2020-2026)10.2. Middle East and Africa Spices and Seasonings Market Size and Market Share By Type (2027-2033)
11. Middle East and Africa Spices and Seasonings Market, By Application, 2019-2033 (USD Million)
11.1. Middle East and Africa Spices and Seasonings Market Size and Market Share By Application (2020-2026)11.2. Middle East and Africa Spices and Seasonings Market Size and Market Share By Application (2027-2033)
12. Middle East and Africa Spices and Seasonings Market, By Region, 2019-2033 (USD Million)
12.1. Middle East and Africa Spices and Seasonings Market Size and Market Share By Region (2020-2026)12.2. Middle East and Africa Spices and Seasonings Market Size and Market Share By Region (2027-2033)12.3. UAE12.4. Israel12.5. KSA12.6. South Africa12.7. Egypt
13. Company Profile
13.1. McCormick & Company13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. Associated British Foods13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Kerry Group Plc.13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. Olam International Limited13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Ajinomoto Co., Inc.13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. Ariake Japan Group13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. SHS Group13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. Dohler Group13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. Worlee Gruppe13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. Sensient Technologies13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments13.11. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Middle East and Africa Spices and Seasonings Market is projected to reach USD 834.77 million by 2033, growing at a CAGR of 6.88% during the forecast period.
Middle East and Africa Spices and Seasonings Market grew in market size from 2023. The Market is expected to reach USD 834.77 million by 2033, at a CAGR of 6.88% during the forecast period.
Middle East and Africa Spices and Seasonings Market CAGR of 6.88% during the forecast period.
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Middle East and Africa Spices and Seasonings Market size is USD 834.77 million from 2023 to 2033.
Middle East and Africa Spices and Seasonings Market Segment is Covered By Type, By Application
The Middle East and Africa region is anticipated to have the highest market share in Middle East and Africa Spices and Seasonings Market.
The key players in the market include Companies Covered McCormick & Company, Associated British Foods, Kerry Group Plc., Olam International Limited, Ajinomoto Co., Inc., Ariake Japan Group, SHS Group, Dohler Group, Worlee Gruppe, Sensient Technologies, Others.
Middle East and Africa Spices and Seasonings Market, including market size and trends, product mix, distribution channels, and supplier analysis. Nowadays, people utilize spices and seasonings for their health benefits in addition to their flavor and taste.
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