Seasonings and spices are some of the most essential ingredients required for preparing ready-to-eat and convenience foods. Therefore, the growing popularity of these food items is heavily boosting the sales of seasonings and spices all over the world. Long working hours, busy lifestyles of people, and the increasing trend of people moving out of their parents’ houses and living alone for work and other purposes are the main factors responsible for the growing consumption of fast foods and ready-to-eat items.
Additionally, people are increasingly preferring to order food or going to the food outlets such as street stalls and restaurants over cooking at home and this positively impacting the sales of spices and seasonings. Moreover, the rising consumer preference for baked goods, fried foods, and confectionary products, especially in the developed countries, is boosting the requirement for various types of seasonings, which are required for preparing these foods, in the industries associated with confectionary and processed foods.
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As per a report by P&S Intelligence, the Asia-Pacific region dominated the seasoning and spices market, both in terms of volume and value, in 2017. This is primarily due to the surging population in countries such as India and China, which is creating high demand for these products. India is the second-most populated country and the largest consumer of spices and seasonings across the globe. The demand for these products is also expected to increase significantly in North America and Europe in the coming years, as the consumption of various spices in these regions has increased considerably in recent times.
In conclusion, the demand for seasonings and spices is increasing because of the expanding e-commerce sector and changing food habits of people around the world.
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