Asia Pacific Spices Market Size & Outlook, 2019-2027
Asia Pacific spices market, 2016-2027 (US$M)
Related Markets
Asia Pacific spices market highlights
- The Asia Pacific spices market generated a revenue of USD 2,186.2 million in 2019.
- The market is expected to grow at a CAGR of 6.8% from 2020 to 2027.
- In terms of segment, turmeric was the largest revenue generating product in 2019.
- Turmeric is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2020 to 2027.
Asia Pacific data book summary
| Market revenue in 2019 | USD 2,186.2 million |
| Market revenue in 2027 | USD 3,708.3 million |
| Growth rate | 6.8% (CAGR from 2019 to 2027) |
| Largest segment | Turmeric |
| Fastest growing segment | Turmeric |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pepper, Ginger, Cinnamon, Cumin, Turmeric, Cardamom, Coriander, Cloves |
| Key market players worldwide | Ajinomoto Co Inc, Associated British Foods PLC, Kerry Group PLC Class A, DS Smith PLC, McCormick & Co Inc, Bart Ingredients, Everest Global, DohlerGroup |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 37.3% of the global spices market in 2019.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,708.3 million by 2027.
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Spices Market Scope
Spices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific spices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to spices market will help companies and investors design strategic landscapes.
Turmeric was the largest segment with a revenue share of 20.46% in 2019. Horizon Databook has segmented the Asia Pacific spices market based on pepper, ginger, cinnamon, cumin, turmeric, cardamom, coriander, cloves covering the revenue growth of each sub-segment from 2016 to 2027.
- Asia Pacific Spices Product Outlook (Revenue, USD Million, 2016-2027)
- Pepper
- Ginger
- Cinnamon
- Cumin
- Turmeric
- Cardamom
- Coriander
- Cloves
- Others
- Asia Pacific Spices Form Outlook (Revenue, USD Million, 2016-2027)
- Powder
- Whole
- Chopped/Crushed
Reasons to subscribe to Asia Pacific spices market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Asia Pacific spices market databook
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Our clientele includes a mix of spices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific spices market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific spices market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific spices market size, by country, 2016-2027 (US$M)
Asia Pacific Spices Market Share, 2019 & 2027 (US$M)
Related regional statistics
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