Top Companies in Spices and Seasonings Market | Industry Leading Players Growth Analysis by Vantage Market Research
Seasonings & spices are widely utilized to add taste, flavor, color, and aroma to food & beverages.
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Upcoming Trends in Spices and Seasonings Market
The Global Spices and Seasonings Market is valued at USD 20.9 Billion in the year 2021 and is projected to reach a value of USD 43.0 Billion by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 12.8% over the forecast period. Seasonings and spices are necessary for each cuisine as they provide exceptional aroma & peculiar taste to every cuisine. Additionally, seasonings & spices are widely utilized to add taste, flavor, color, and aroma to food & beverages. Some of the spices & seasonings are also used as preservatives. Furthermore, seasonings comprise various kinds of spices & herbs. Seasonings & spices are used immensely in the commercial sector as well as in households. Escalating the use of exquisite spices & seasonings for in-home culinary preparations will provide new growth avenues for the seasonings and spices business across the globe in upcoming years. Spices such as ginger, Curcuma, dried capsicum, cloves, uncrushed pepper, and cinnamon provide nutritional benefits. This is likely to prop up the expansion of the seasonings and spices industry.
Some of the key players operating in the spices and seasonings market are listed below:
|
Company Name |
Revenue in USD |
|
$404 Million |
|
$38 Million |
|
$26 Billion |
|
$421 Million |
|
<$5 Million |
|
$6 Billion |
|
<$5 Million |
|
<$5 Million |
|
$30 Billion |
Ariake Japan Co Ltd is a company based out of Japan. The company is headquartered in Qingdao, China. The company was established in 1994 and generated USD 8.12 Million in revenue in 2021.
As a production and distribution company, Worlée-Chemie GmbH forms the link in the value chain between the basic industry and the processing industry with its product portfolio. At the North German production sites in Lauenburg and Lübeck, the company produces modern and environmentally-friendly binders and additives as raw materials for the coating industry. The assortment of chemical raw materials covers aqueous and solvent-based acrylate and alkyd resins, aqueous alkyd emulsions, polyesters, epoxy esters, and numerous additives for use in a variety of applications. This includes paints and lacquers, industrial coatings, wood coatings, printing inks, construction chemicals, adhesives, powder coatings, and special applications. The company’s wide range of products is also supplemented by the products of well-known international trading partners.
The Kraft Heinz Company, commonly known as Kraft Heinz, is an American multinational food company formed by the merger of Kraft Foods and Heinz co-headquartered in Chicago, Illinois, and Pittsburgh, Pennsylvania. The company is listed as KHC (NASDAQ) in the stock market. Headquartered in Chicago, Illinois, United States the company generates approximately USD 2.9 Billion and has 38,575 employees working across the globe.
The SHS Group is a diverse and dynamic business, with a major presence in the FMCG sector in the UK and Ireland and, increasingly, in key international markets. Headquartered in Belfast, Northern Ireland, they have several offices and production facilities across the UK & Ireland and currently employ over 1,100 people.
MDH Pvt. Ltd. has set up five state-of-the-art plants for meeting the ever-growing demand. The company procures raw materials directly from the centers of produce to maintain uniform taste and quality. The raw material is first cleaned, dried, and tested with the help of special machines. It is then carefully grounded into the finished product passing through various stages. Fully automatic machines have been installed for this process. The company is a privately held organization.
McCormick & Company is an American food company that manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavoring products to retail outlets, food manufacturers, and foodservice businesses. Listed as MKC (NYSE) in the New York stock market the company generates approximately USD 0.68 Billion and has 14,000 employees working across the globe.
Knorr is a German food and beverage brand. It has been owned by the Anglo-Dutch company Unilever since 2000, when Unilever acquired Best Foods, excluding Japan, where it is made under license by Ajinomoto. It produces dehydrated soup and meal mixes, bouillon cubes, and condiments. The company was founded in 1838 and its parent organization is Unilever.
Everest is India’s No.1 spice brand that offers a wide range of whole spices and blends. With over 52 years of experience, Everest’s great taste in purity is backed by research, innovation, and technology. The success of Everest has reaped several rewards. It has been the proud recipient of the Superbrand status 8 times – 2003, 2006, 2009, 2012, 2015, 2017, 2019 & 2021; it has also won the Consumer Reaction award instituted by the Bharti Vidyapeeth Institute of Management Studies and Research and DNA twice in both 2004 and 2005.
Olam International is a major food and agri-business company, operating in 60 countries and supplying food and industrial raw materials to over 19,800 customers worldwide. Olam is among the world's largest suppliers of cocoa beans and products, coffee, cotton, and rice. The company is listed as VC2 (SGX) in the stock market and generates USD 33.34 Billion. The company has approximately 82,000 employees working.
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