Report ID: SQMIG30I2172
Report ID:
SQMIG30I2172 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
62 |
Figures:
75
North America produced about 45% of worldwide revenue in 2021. The popularity of grilled cuisine and the rise in Millennial meat consumption in the US and Canada are two encouraging development factors. 80 million Americans barbecued in 2020, with Labor Day being the most popular day, according to CNN data. Due to consumers' keen interest in ethnic flavors and their willingness to try new seasonings and flavors to enhance the BBQ taste, the BBQ industry has experienced significant development in the United States and Canada.
The Asia Pacific region is anticipated to grow the most between 2022 and 2030. The growth of the regional market is influenced by factors such as rising disposable income, an increase in promotional and marketing efforts by key market participants, and growing awareness of the therapeutic benefits of spices and seasonings. The fast-growing fast-food industry in Asia Pacific and the region's youthful population have increased packaged, frozen, and convenience food consumption, which is expected to further boost the worldwide market. Foodservice establishments now have new opportunities to add a variety of spices and seasonings to their menus as a result of consumer culinary preferences changing as a result of market globalization and the migration phenomenon.
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Report ID: SQMIG30I2172