Market Size of South America Seasoning and Spices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
South America Seasonings and Spices Market Analysis
South America Seasoning and Spices Market is anticipated to register a CAGR of 5.5%, during the forecast period of 2020-2025.
- Nutritional benefits, derived from seasonings and spices, such as cinnamon, nutmeg, basil, and turmeric, among others, have proved to be a key factor promoting the market growth.
- Application in convenience food, such as ready-to-eat or ready-to-drink consumables, incorporates a wide range of seasonings and spices. This trend has boosted the growth of the South America seasoning and spice market. The evolving foodservice industry has witnessed a considerable growth in the recent past, where consumers are inclined toward Asian cuisines, such as Chinese, Indian, Thai, and Vietnamese, which involve a wide variety of spices. Growing interest among consumers to try out new cuisines is also boosting the market growth.
