Published By : 09 May 2016 | Published By : QYRESEARCH
A vast variety of seasonings and spices form an important ingredient of any preparation, as they help enhance the flavor of a recipe. Seasonings and spices also play an essential role in defining a cuisine and all major cuisines have their own special collection of major spices and seasonings that impart recipes in the cuisines their distinct taste profile.
The market for seasonings and spices has played a very important role in the evolution of human civilizations and traditions and even a major role in shaping the human history as the lack of favorable climatic conditions for the cultivation of spices led several European countries in establishing in many Asian countries. Spices were even valued equal to gold and precious stones at one point of time in the human history. In the modern world, however, the scenario has changed a bit owing to the heightened popularity of Western European cuisines in Asian countries. This shift is a major driver of the global seasonings and spices market and will shape the future state of the market.
The importance of seasonings and spices can be observed from the fact that the market sustained even over the recent economic turmoil that dropped sales in several well-established markets. Owing to this crucial nature of seasonings and spices, the global market has witnessed steady growth worldwide, and will continue to tread along a steady growth path in the future as well.
Asia Pacific, the current leading world exporter of a variety of seasonings and spices, is a big consumer for the global market of seasonings and spices as well. Though the region leads in terms of production and consumption, it is second to Europe when it comes to market valuation. This is owing to the vast indigenous consumption of a variety of seasonings and spices in the region, whereas the high dependence of European countries on imports, which make these products high-priced in Europe.