Czech Republic is a both competitor and a producer market. Local production includes fruits, vegetables, grains, dairy products, meats, herbs, and spices. Consumers across Czech Republic are starting to take increasing interest in ethnic foods, which may be a cuisine especially from countries like India, East Asia as well as from Latin America and Mediterranean countries.
This tendency is being depicted by the increasing number of ethnic restaurants in the country, using varied herbs and spices to make their offerings lucrative. Czech Republic is one of the most attractive markets for organic spices and herbs and most of the companies are eyeing towards an increase in production of organic spices and herbs.
The demand for ethnic food has been rising in the country with increase in growing multicultural population in Czech Republic from a share of people from Asian and other ethnic groups. The fact that Europeans are travelling more and more is also triggering the demand for spices and herbs used in exotic cuisines.
Smaller food processors, retailers, and brands specialized in ethnic foods are propelling the market growth for ethnic food in the country. However, large retailers, and multinational giants are also active in the market. The retail shelf of the country has availability of major consumer packaged products and brands from the developing countries, which are popular for their herbs and spices owing to suitable weather conditions.
There are several ethnic food shops, which sells spices and herbs traditionally used in countries outside of Europe and are mainly used to serve ethnic communities - this in turn has led to increase in demand for spices from all around the world.
Czech Republic spices and herbs market is segmented on the basis of product type and application. By product type the market is further sub segmented into Chilli, Pepper, Caraway, Coriander, Basil, Oregano, Mint and Others. Coriander is being used for digestion problems including upset stomach, loss of appetite, hernia, nausea, diarrhea, and bowel spasm. Owing to the increasing usage of coriander in a variety of applications in the pharmaceutical industry is attributed to making it a popular ingredient in food categories. Coriander is expected to exhibit a significant growth over the forecast period.
Increasing health awareness and changing consumers taste and preferences are also acting as one of the major driver for the Czech Republic spices and herbs market. Some of the major health benefits of coriander are making it popular in the country market.
Major Players: McCormick & Co Inc., Kataoka & Co. Ltd, Botanicus Spol S.R.O, Prymat Sp. Zoo, Ekotekhnika, Natural Spices B.V. and Byliny Mixes amongst others. The regulatory authorities operating in the whole of the European Union have been constantly making efforts to standardize the processes incorporated in the food industry, which is enhancing the quality of produces in the whole European market.
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Market
2. MARKET INSIGHTS
2.1 Market Overview
2.2 Industry Attractiveness – Porter’s Five Forces Analysis
2.2.1 Bargaining Power of Suppliers
2.2.2 Bargaining Power of Consumers
2.2.3 Threat of New Entrants
2.2.4 Threat of Substitute Products & Services
2.2.5 Degree of Competition
3. MARKET DYNAMICS
4. CONSUMER BEHAVIOR ANALYSIS
4.1 Consumer Demand Analysis
4.2 Target Market Identification
4.2.1 Purchasing Power
4.2.2 Demographic Strengths & Weaknesses
4.2.3 Spending Patterns
5. MARKET SEGMENTATION AND ANALYSIS
5.1 By Product Type
5.2 By Application
5.2.2 Food & Beverages
220.127.116.11 Bakery& Confectionery
18.104.22.168 Meat & Poultry
22.214.171.124 Tea & Herbal Drinks
126.96.36.199 Alcoholic Beverages
6. COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Active Companies
6.3 Most Adopted Strategy
7. COMPANY PROFILE
7.1 McCormick & Co Inc.
7.2 Kataoka & Co. Ltd.
7.3 Botanicus Spol S.R.O
7.4 Prymat Sp. Zoo
7.6 Natural Spices B.V.
7.7 Byliny Mikes