Global Spice Market is estimated to be 22.8 billion by 2026 with a CAGR of 4.7% during the forecasted period.
Change in global consumption trends and rising consumer inclination concerning ethnic cuisines are some of the key growth stimulants for the market. The global spice market accounted for US$ 15.9 billion in 2018 and is estimated to be 22.8 billion by 2026 and is anticipated to register a CAGR of 4.7%. The report " Global Spice Market, By Spices Type (Cumin, Coriander, Cloves, Nutmeg & Mace, Ginger, Cinnamon, Cardamom, Capsicum, Pepper, Turmeric, and Other Spices), By Application (Meat & Poultry Products, Snacks & Convenience Food, Soups, Sauces, and Dressings, Bakery & Confectionery, Frozen Products, Beverages, and Other Applications), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2026” . Key Highlights: In December 2018, Kerry Group has acquired Ariake, the North American business of Ariake Japan Co., and Southeastern Mills North American’s coatings and seasonings b...