Market Snapshot
| Study Period: | 2016 - 2026 |
| Base Year: | 2020 |
| CAGR: | 3.78 % |
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Market Overview
Africa Seasoning and spices Market is projected to grow at a CAGR of 3.78% during the forecast period (2020-2025).
- The African market is quite at boom due to the tourism that it attracts, especially in South Africa. The food market is growing and so is the spices and seasoning market. The entire market is gaining popularity due to tourism. Rising number of working women led to the increase of this market.
- The market is growing at a fast pace and consumers are becoming aware of the benefits of using spices and seasonings. The opportunity is growing in the market with the niche market for organic seasoning and spices.
Scope of the Report
Africa seasoning and spices market is segmented by products type, application. On the basis of product type, the market is segmented into salt and salt substitute, herb, spice. Herbs and spics are further classified into sub segments. On the basis of application, the market is segmented into bakery and confectionery, soup, meat and seafood, sauce, salad, and dressing, savory snack, other applications.
| By Products Type | ||||||||
| Salt and Salt Substitute | ||||||||
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| By Application | |
| Bakery and Confectionery | |
| Soup | |
| Meat and Seafood | |
| Sauce, Salad, and Dressing | |
| Savory Snack | |
| Other Applications |
Key Market Trends
Growing Popularity for Ethnic food
With ethnic foods becoming increasingly accessible and mainstream, consumers are developing an appetite for new and exciting spices and seasonings.Reasons for this increase in ethnic cuisine include, the growing multicultural population and the fact that people are travelling more and more to exotic destinations. As a result, the demand for spices, herbs, and seasonings used in exotic cuisine is also growing. This growing demand for ethnic food in africa had led to significant growth in africa imports of spices, herbs and seasonings from developing countries in the region.
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Meat, Poultry, and Seafood Remains the Largest Consumer of the Market
Dry rubs and wet rubs are the spice blends commonly known. They are spice blends mixed with water or oil and are a great way to improve flavor and preservation properties of meat. These blends are added to meat, fish, and poultry as a marinade. Black pepper is common in rubs, so are ground hot peppers such as cayenne or chipotle. Ginger, horseradish, and mustard powder are also included in this category. Spices and seasonings are also used in the preparation of sausages. Pepper, red pepper, paprika, garlic, rosemary, thyme, cloves, ginger, and nutmeg are the most commonly used spices in sausages. Specialist spice-mixing companies increasingly assist the meat trade, by producing ready-to-use spice mixtures for meat, as well as for sausage factories.
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Competitive Landscape
The seasoning and spices market in Africa is fragmented with leading companies that are driving the growth. Some of the major players in the africa seasoning and spices market MDH Spices, Nestle S.A, McCormick & Company Inc, Everest Spices, Kraft Heinz Company, Ajinomoto Co.Inc, Kerry Group, among others.
Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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3.1 Market Overview
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Force Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Products Type
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5.1.1 Salt and Salt Substitute
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5.1.2 Herb
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5.1.2.1 Thyme
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5.1.2.2 Basil
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5.1.2.3 Oregano
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5.1.2.4 Parsley
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5.1.2.5 Other Herbs
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5.1.3 Spice
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5.1.3.1 Pepper
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5.1.3.2 Cardamom
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5.1.3.3 Cinnamon
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5.1.3.4 Clove
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5.1.3.5 Nutmeg
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5.1.3.6 Other Spices
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5.2 By Application
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5.2.1 Bakery and Confectionery
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5.2.2 Soup
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5.2.3 Meat and Seafood
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5.2.4 Sauce, Salad, and Dressing
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5.2.5 Savory Snack
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5.2.6 Other Applications
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 MDH Spices
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6.4.2 Nestle S.A
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6.4.3 McCormick & Company Inc
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6.4.4 Everest Spices
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6.4.5 Kraft Heinz Company
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6.4.6 Unilever
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6.4.7 Ajinomoto Co.Inc
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6.4.8 Kerry Group
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Africa Seasoning and Spices Market market is studied from 2016 - 2026.
What is the growth rate of Africa Seasoning and Spices Market?
The Africa Seasoning and Spices Market is growing at a CAGR of 3.78% over the next 5 years.
Who are the key players in Africa Seasoning and Spices Market?
MDH Spices, Nestle S.A, McCormick & Company Inc, Everest Spices, Ajinomoto Co.Inc are the major companies operating in Africa Seasoning and Spices Market.
