![Global Blended Spices Market](https://res.cloudinary.com/devmoveo/image/upload/v1683725235/skyquest/gallery/Global-Blended-Spices-Market.jpg)
Report ID: SQMIG30I2300
Report ID:
SQMIG30I2300 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|
Tables:
63 |
Figures:
75
The Asia Pacific region had the highest revenue share of over 55.0% in 2021 due to the significant demand for blended spices, which is primarily driven by domestic consumption and the food service industry. China has been able to acquire a major share of the global market owing to the high color value of its blended spices. India, on the other hand, is well-known for its amazing varieties of blended spices that nurture a rich diversity of cuisines and cultures. The country holds a significant position in the world for blended spice manufacturing, offering over 2000 ranges of spices, such as a blend of whole, chopped, grounded, roasted, and seasoning spices. Additionally, blended spices are widely consumed in other countries in the region, such as Bangladesh, Thailand, and Indonesia.
North America is projected to grow at the fastest CAGR of 6.5% over the forecast period. This growth can be attributed to the introduction of various blended spice products by major manufacturers, which have gained popularity among different segments of the population. Blended spices are versatile and find their application in numerous food products, including savory snacks and ready-to-eat meals. Furthermore, the increasing preference of consumers for healthy and convenient food products with a variety of flavors is expected to drive the market in this region.
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Report ID: SQMIG30I2300