High Quality
Open the downloaded document, and select print from the file menu (PDF reader required).
Market drivers
■
Growth markets/regions
■
Use of ethnic recipes
■
Meats, meals and snacks
■
Pastes, pulps and wetseasonings
The global market for industrial
seasonings, herbs & spices
iscurrently worth
$5.9bn
and is growingat a rate of
4.4
% per year, according tothe latest research from RTS.
For more information visitwww.rts-resource.com
Seasonings
,
herbs & spices
Market
Focus
Areas of focus
Total global usage of industrial seasonings, herbs& spices in food and drink currently stands at
1.5million tonnes
, with usagein
Asia Pacific
forecast togrow by an additional42,000 tonnes over thenext five years to 2013. The largest markets by country are:
USA
441,983
tonnes
China
144,130
tonnes
UK
99,550
tonnes
Japan
96,574
tonnes
8.0
%
Growth in usage of seasonings, herbs& spices in
Central & South America
.
CAGR, 2003-2008. Source: RTS Resource
GLOBAL VALUE BY REGION
Global: Market value of seasonings, herbs & spicesby region, 2008$m
Source: RTS Resource
NAFTA$2.0bnWesternEurope$1.3bnEasternEurope$0.5bnCentral &S America$0.4bnAfrica &Middle East$0.2bnAsia Pacific$1.4bn
Growth in Asia Pacific
The global market for industrial seasonings, herbs& spices in food and drink is currently worth
$5.9bn
.
Central & South America
and
Asia Pacific
are the fastest growing markets by region.Demand for seasonings, herbs & spices in AsiaPacific is growing at a rate of
6.1%
per year in valueterms, while
NAFTA
remains the largest market,valued at
$2.0bn
in
2008.
other titles in the series...
Flavours • Colours • Healthy IngredientsFood Additives • Convenience Food
Add a Comment