Spice Market by Type (Pepper, Turmeric, Nutmeg, Ginger, Coriander, Cinnamon, Cumin, Clove, Cardamom, Garlic) Application (Bakery, Confectionery, Frozen Food, Soup, Sauces, Beverage, Meat, Snacks, Convenience Food) & Region - Global Trends & Forecast to 2019

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Date: 06-Jan-2015
No. of pages: 220
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The market for spices is observed to be growing at a low rate in developed economies such as Europe and North America as compared to developing companies due to the matured industrial sector in the former. The meat and poultry industry is still consuming the majority of spices and consumption will continue to grow at the healthy rate. As spices are the best natural preservatives and consumer preference for chemical preservatives is declining, the spice market for the meat industry will continue to grow. The North American region formed the largest market for spices, and was valued at $3,159.4 million in 2013.

Asia-Pacific is projected to be the fastest-growing market for spices, at a CAGR of 8.2% annually from 2014 to 2019. The industrial sector usage of spices is very less in this region as compared to those in developed countries, which presents food processing industries with immense untapped potential in this region. Majority of spices consumed in this region are through the retail or catering sector.

The level of food processed in Asian countries, which are growing economically, is low. However, the processed food industry is expected to prosper in the near future. The positive growth in food processing industry and growing demand for processed meat products in the Asia-Pacific region will drive the spice market here.

The market is dominated by a many large companies and comprises various regional large- and medium-scale players. The key players identified in the spice industry are McCormick & Company (U.S.), Associated British Foods (U.K.), Ajinomoto Co., Inc. (Japan), and Olam International (Singapore).

Others include spice mixtures & blends, dairy products, sweets, liquors, pickles, and functional foods

The segments of the spice market considered for this study include types, applications, and regions. All growth parameters in individual segments have been considered. The meat and poultry and convenience food products sectors held the majority of the spice market in the year 2013.

Spice Market by Type (Pepper, Turmeric, Nutmeg, Ginger, Coriander, Cinnamon, Cumin, Clove, Cardamom, Garlic) Application (Bakery, Confectionery, Frozen Food, Soup, Sauces, Beverage, Meat, Snacks, Convenience Food) & Region - Global Trends & Forecast to 2019

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Markets Covered
1.3 Stakeholders
1.4 Market Scope

2 Research Methodology
2.1 Introduction
2.2 Factor Analysis
2.3 Market Share Estimation
2.4 Market Breakdown & Data Triangulation

3 Executive Summary

4 Premium Insights

5 Industry Trends
5.1 Introduction
5.2 Supply Chain Analysis
5.3 Industry Insights
5.4 Porter’s Five Forces Analysis
5.4.1 Threat of New Entrants
5.4.2 Threat of Substitutes
5.4.3 Bargaining Power of Suppliers
5.4.4 Bargaining Power of Buyers
5.4.5 Intensity of Competitive Rivalry
5.5 Pest Analysis
5.5.1 Political Factors
5.5.2 Economic Factors
5.5.3 Social Factors
5.5.4 Technological Factors
5.6 Strategic Benchmarking
5.6.1.Strategic Acquisitions, Agreements, Partnerships, Investments & Expansions

6 Market Overview
6.1 Introduction
6.2 Evolution of Spices
6.3 Market Segmentation
6.3.1 Spice Market, By Type
6.3.2 Spice Market, By Application
6.4 Market Dynamics
6.4.1 Drivers
6.4.2 Restraints
6.4.3 Opportunities
6.4.4 Challenges

7 Spice Market, By Type
7.1 Introduction
7.2 Pepper
7.3 Nutmeg & Mace
7.4 Turmeric
7.5 Ginger
7.6 Coriander
7.7 Cinnamon
7.8 Cumin
7.9 Clove
7.10 Cardamom
7.11 Garlic
7.12 Others

8 Spice Market, By Application
8.1 Introduction
8.2 Bakery &Confectionery Products
8.3 Frozen Products
8.4 Soup, Sauces & Dressings
8.5 Beverages
8.6 Meat & Poultry Products
8.7 Snacks & Convenience Foods
8.8 Others

9 Spice Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Spain
9.3.2 Hungary
9.3.3 Belgium
9.3.4 U.K.
9.3.5 Germany
9.3.6 France
9.3.7 The Netherlands
9.3.8 Others
9.4 Asia-Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Others
9.5 Row
9.5.1 Latin America
9.5.2 Africa
9.5.3 Middle East

10 Competitive Landscape
10.1 Overview
10.2 Competitive Situation & Trends
10.2.1 Expansions & Investments
10.2.2 Agreements, Partnerships, Collaborations & Joint Ventures
10.2.3 New Product Development
10.2.4 Mergers & Acquisitions

11 Company Profiles (Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
11.1 Introduction
11.2 Olam International Limited
11.3 Mccormick & Company
11.4 Kerry Group Plc
11.5 Ariake Japan Company Limited
11.6 Dohlergroup
11.7 Associated British Foods Plc
11.8 Sensient Technologies Corporation
11.9 SHS Group Ltd
11.10 Synthite Industries Ltd
11.11 Ajinomoto Co., Inc.
11.12 Worlee Group

*Details On Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured In Case Of Unlisted Companies.

12 Appendix
12.1 Discussion Guide
12.2 Related Reports

List of Tables

Table 1 Development of New & Innovative Spice Mixes Is the Leading Trend among the Key Market Players
Table 2 Different Types of Spice Extraction Process
Table 3 Spice Market Size, By Type, 2012 -2019 ($Million)
Table 4 Pepper Market Size, By Region, 2012 -2019 ($Million)
Table 5 Turmeric Market Size, By Region, 2012 -2019 ($Million)
Table 6 CinnamonMarket Size, By Region, 2012 -2019 ($Million)
Table 7 Nutmeg & MaceMarket Size, By Region, 2012 - 2019 ($Million)
Table 8 GingerMarket Size, By Region, 2012 - 2019 ($Million)
Table 9 CorianderMarket Size, By Region, 2012 - 2019 ($Million)
Table 10 CuminMarket Size, By Region, 2012 - 2019 ($Million)
Table 11 CloveMarket Size, By Region, 2012 - 2019 ($Million)
Table 12 Cardamom Market Size, By Region, 2012 -2019 ($Million)
Table 13 Spice Market Size, By Application, 2012 - 2019 ($Million)
Table 14 Spice in Bakery & Confectionery Products Market Size, By Region, 2012 - 2019 ($Million)
Table 15 Spice in Frozen Products Market Size, By Region, 2012 - 2019 ($Million)
Table 16 Spice in Soup, Sauces & Dressings Market Size, By Region, 2012–2019 ($Million)
Table 17 Spice in Beverages Market Size, By Region, 2012–2019 ($Million)
Table 18 Spice in Meat & Poultry Market Size, By Region, 2012–2019 ($Million)
Table 19 Spice in Snacks & Convenience Food Size, By Region, 2012–2019 ($Million)
Table 20 Spice in Other Applications Market Size, By Region, 2012–2019 ($Million)
Table 21 Spice Market Size, By Region, 2012 - 2019 ($Million)
Table 22 North America: Spice Market Size, By Country, 2012–2019 ($Million)
Table 23 North America: Spice Market Size, By Type, 2012–2019 ($Million)
Table 24 North America: Spice Market Size, By Application, 2012–2019 ($Million)
Table 25 U.S.: Spice Market Size, By Type, 2012–2019 ($Million)
Table 26 U.S.: Spice Market Size, By Application, 2012–2019 ($Million)
Table 27 Canada: Spice Market Size, By Type, 2012–2019 ($Million)
Table 28 Canada: Spice Market Size, By Application, 2012–2019 ($Million)
Table 29 Mexico: Spice Market Size, By Type, 2012–2019 ($Million)
Table 30 Mexico: Spice Market Size, By Application, 2012–2019 ($Million)
Table 31 Europe: Spice Market Size, By Country, 2012–2019 ($Million)
Table 32 Europe: Spice Market Size, By Type, 2012–2019 ($Million)
Table 33 Europe: Spice Market Size, By Application, 2012–2019 ($Million)
Table 34 Germany: Spice Market Size, By Type, 2012–2019 ($Million)
Table 35 Germany: Spice Market Size, By Application, 2012–2019 ($Million)
Table 36 U.K.: Spice Market Size, By Type, 2012–2019 ($Million)
Table 37 U.K.: Spice Market Size, By Application, 2012–2019 ($Million)
Table 38 Hungary: Spice Market Size, By Type, 2012–2019 ($Million)
Table 39 Hungary: Spice Market Size, By Application, 2012–2019 ($Million)
Table 40 France: Spice Market Size, By Type, 2012–2019 ($Million)
Table 41 France: Spice Market Size, By Application, 2012–2019 ($Million)
Table 42 The Netherlands: Spice Market Size, By Type, 2012–2019 ($Million)
Table 43 The Netherlands: Spice Market Size, By Application, 2012–2019 ($Million)
Table 44 Spain: Spice Market Size, By Type, 2012–2019 ($Million)
Table 45 Spain: Spice Market Size, By Application, 2012–2019 ($Million)
Table 46 Belgium: Spice Market Size, By Type, 2012–2019 ($Million)
Table 47 Belgium: Spice Market Size, By Application, 2012–2019 ($Million)
Table 48 Rest Of Europe: Spice Market Size, By Type, 2012–2019 ($Million)
Table 49 Rest Of Europe: Spice Market Size, By Application, 2012–2019 ($Million)
Table 50 Asia-Pacific: Spice Market Size, By Country, 2012–2019 ($Million)
Table 51 Asia-Pacific: Spice Market Size, By Type, 2012–2019 ($Million)
Table 52 Asia-Pacific: Spice Market Size, By Application, 2012–2019 ($Million)
Table 53 China: Spice Market Size, By Type, 2012–2019 ($Million)
Table 54 China: Spice Market Size, By Application, 2012–2019 ($Million)
Table 55 Japan: Spice Market Size, By Type, 2012–2019 ($Million)
Table 56 Japan: Spice Market Size, By Application, 2012–2019 ($Million)
Table 57 India: Spice Market Size, By Type, 2012–2019 ($Million)
Table 58 India: Spice Market Size, By Application, 2012–2019 ($Million)
Table 59 Malaysia: Spice Market Size, By Type, 2012–2019 ($Million)
Table 60 Malaysia: Spice Market Size, By Application, 2012–2019 ($Million)
Table 61 Rest of Asia-Pacific: Spice Market Size, By Type, 2012–2019 ($Million)
Table 62 Rest of Asia-Pacific: Spice Market Size, By Application, 2012–2019 ($Million)
Table 63 ROW: Spice Market Size, By Country/Region, 2012–2019 ($Million)
Table 64 ROW: Spice Market Size, By Type, 2012–2019 ($Million)
Table 65 ROW: Spice Market Size, By Application, 2012–2019 ($Million)
Table 66 Latin America: Spice Market Size, By Type, 2012–2019 ($Million)
Table 67 Latin America: Spice Market Size, By Application, 2012–2019 ($Million)
Table 68 Africa: Spice Market Size, By Type, 2012–2019 ($Million)
Table 69 Africa: Spice Market Size, By Application, 2012–2019 ($Million)
Table 70 Middle East: Spice Market Size, By Type, 2012–2019 ($Million)
Table 71 Middle East: Spice Market Size, By Application, 2012–2019 ($Million)
Table 72 Agreements, 2009-2014
Table 73 Investments & Expansions, 2009-2014
Table 74 New Product Launch, 2009–2014
Table 75 Mergers & Acquisitions, 2009-2014

List of Figures

Figure 1 Spice Market, By Type
Figure 2 Spice Market, By Application
Figure 3 Spice Market: Research Methodology
Figure 4 R.T.E., Snacks & Savory Product Segment Holds ~35% In The Food Sector
Figure 5 Global Population Is Projected To Reach ~9.5 Billion By 2050
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Breakdown of Primary Interviews: By Company Type, Designation & Region
Figure 9 The Evolution Of Spice
Figure 10 Spice Market Snapshot (2013 Vs. 2019)
Figure 11 Spice Market For Snacks & Convenience Food Will Cover the Major Share In 2019
Figure 12 India Is the Fastest Growing Country for the Spice Market In 2013
Figure 13 Key Market Players Adopted Investments & Expansions as the Key Strategy
Figure 14 Emerging Economies Offer Attractive Opportunities in the Spice Market
Figure 15 Meat & Poultry Products to Grow At the Highest Rate
Figure 16 Pepper Captured The Largest Share In The Emerging Asia-Pacific Market In 2013
Figure 17 India Is Projected To Be the Fastest-Growing Country-Level Market for Spice
Figure 18 North American Market Dominated the Spice Market In 2013
Figure 19 Emerging Markets to Grow Faster Than the Developed Markets
Figure 20 Nutmeg & Mace Segment to Grow At the Highest Rate, Globally
Figure 21 The Spice Market In Asia-Pacific Is Experiencing High Growth
Figure 22 Raw Material Suppliers Are Vital Components of the Supply Chain
Figure 23 Porter’s Five Forces Analysis
Figure 24 Strategic Expansion Of Key Companies
Figure 25 Evolution Of Spices
Figure 26 Spice Market Segmentation
Figure 27 Regulatory Guidelines
Figure 28 Demand for Convenience Food Drives the Spice Market
Figure 29 Stringent Food & Safety Regulations Restrain the Spice Market
Figure 30 Demand for Healthy Food Is a Key Opportunity for the Spice Market
Figure 31 Asia-Pacific & Row Have Substantial Market Potential for Beverages
Figure 32 Pepper Segment Accounted For the Majority Shares in the Global Spice Market In 2013
Figure 33 Coriander To Be The Fastest-GrowingSpice Type By 2019
Figure 34 The North American Region Captured The Largest Share In The Global Spice Market In 2013
Figure 35 Spice Market Size, By Application, 2014 Vs. 2019
Figure 36 Market Size of Spice in Bakery Products in 2014 & By 2019
Figure 37 North America to Acquire Majority of the Shares in the Market for Spice in Pepper Segment
Figure 38 Asia-Pacific To Be The Fastest-Growing Market For Spice In Snacks & Convenience Foods
Figure 39 Asia-Pacific Spice Market Snapshot: China Is the Most Lucrative Market
Figure 40 Key Companies Preferred Investment & Expansion Strategies over the Last Five Years
Figure 41 Spice Market Share, By Key Player, 2009–2014
Figure 42 Investments & Expansions Have Fueled Growth & Innovation
Figure 43 Investments & Expansion : The Key Strategy, 2009–2014
Figure 44 Annual Developments in the Spice Market, 2009-2014
Figure 45 Geographical Revenue Mix of Top Five Players
Figure 46 Olam: Business Overview
Figure 47 Mccormick: Business Overview
Figure 48 Mccormick: SWOTAnalysis
Figure 49 Kerry: Business Overview
Figure 50 Kerry: SWOT Analysis
Figure 51 Ariake: Business Overview
Figure 52 Ariake: SWOT Analysis
Figure 53 Dohler: Business Overview
Figure 54 ABF: Business Overview
Figure 55 ABF: Swot Analysis
Figure 56 Sensient: Business Overview
Figure 57 SHS: Business Overview
Figure 58 SHS: SWOT Analysis
Figure 59 Ajinomoto: Business Overview
Figure 60 Synthite: Business Overview
Figure 61 Dohlergroup: Business Overview

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