Title: Spices Market - Forecast(2021 - 2026)
1Spices Market - Forecast(2021 - 2026)
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- In the year 2018, the global spices market size
stood at 8.4 billion. - Due to increasing demand for spices on account of
expanding urbanization, during the forecast
period of 2019-2025, the spices market will
experience growth with a standard compound annual
growth rate (CAGR) of 4.80.
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- Key Takeaways
- A recurrent issue faced by the spices market is
lack of proper advertisement. - While cooking shows and restaurants do the trick
of popularising spices, innovative advertisements
should be produced to encourage people across all
nations to buy spices and utilize them for
different purposes including culinary, cosmetics,
and even medical.
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By Distribution Channel- Segment Analysis Food
segment is one of the most promising segments of
spices market and is expected to grow with a
compound annual growth rate of 5.10 during the
forecast period of 2019-2025. North America with
its rising international educational institutes
and globalised companies has been exporting
spices religiously. Due to this reason, it led
the spices market geographically with a regional
share of 35.80 in the year 2018.
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- Spices Market Industry Outlook
- Royal Spices
- VLC Spices
- The British Pepper Spice Company Limited
- Lawrys Mehran Spice Food Industries
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Spices Market - Forecast(2021 - 2026) Learn
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