Seasonings, Herbs & Spices MARKET FOCUS

Market drivers■ Growth markets/regions

■ Use of ethnic recipes

■ Meats, meals and snacks

■ Pastes, pulps and wet

seasonings

The global market for industrial seasonings, herbs & spices is currently worth $5.9bn and is growing at a rate of 4.4% per year, according to the latest research from RTS.

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Seasonings, herbs & spices

Market Focus

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Areas of focusTotal global usage of industrial seasonings, herbs

& spices in food and drink currently stands at 1.5 million tonnes, with usage in Asia Pacific forecast to grow by an additional 42,000 tonnes over the next five years to 2013.

The largest markets by country are:

USA 441,983 tonnes

China 144,130 tonnes

UK 99,550 tonnes

Japan 96,574 tonnes

8.0%Growth in usage of seasonings, herbs & spices in Central & South America.CAGR, 2003-2008. Source: RTS Resource

GLOBAL VALUE BY REGIONGlobal: Market value of seasonings, herbs & spices by region, 2008 $m

Source: RTS Resource

NAFTA$2.0bn

Western Europe$1.3bn

Eastern Europe$0.5bn

Central & S America

$0.4bnAfrica &

Middle East$0.2bn

Asia Pacific$1.4bn

Growth in Asia PacificThe global market for industrial seasonings, herbs & spices in food and drink is currently worth

$5.9bn. Central & South America and Asia Pacific are the fastest growing markets by region.

Demand for seasonings, herbs & spices in Asia Pacific is growing at a rate of 6.1% per year in value terms, while NAFTA remains the largest market, valued at $2.0bn in 2008.

other titles in the series...Flavours • Colours • Healthy Ingredients

Food Additives • Convenience Food

Asia Pacific FocusIn Asia Pacific, the market for industrial seasonings, herbs & spices grew to $1.4bn in 2008, with a year-on-year growth rate of 6.1% by value.

Over the last 5 years, the market has seen a marked change in its growth, with some

countries such as Malaysia (8.3%

CAGR), India (7.8%) and China (6.9%) growing faster than others

in value terms.

By volume, China (144,130 tonnes), Japan (96,574 tonnes) and India (27,183 tonnes) remain the largest

markets.

For detailed country analysis see the country focus on Japan below.

Forecast opportunitiesThe global market for

seasonings, herbs and spices is expected to grow steadily at a rate of 2.1% per year, reaching $6.3bn by 2013.

Meat and savoury products, snacks and ready meals will remain the largest markets by segment. Carcase meats and soft drinks are forecast to be the fastest growing segments, although from a small base.

GLOBAL USAGE BY SECTORGlobal: Volume usage of seasonings, herbs & spices by key sector, 2008 tonnes

Source: RTS Resource

Other5,796

Culinary & condiments

2,905

Soups & bouillon

4,187

Snacks7,240

Meat & savoury19,769

COUNTRY FOCUS: JAPANJapan: Volume usage of seasonings, herbs & spices by segment, 2008 tonnes

Source: RTS Resource

Snacks

Ready meals

Meat & savoury products

Culinary & condiments

Cakes & pastries 2,126

7,999

9,650

31,171

38,901

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$6.3bnForecast global market value of seasonings, herbs & spices.2013. Source: RTS Resource

Publ

ished

: May

200

9Key growth markets

Meat & savoury +46,139 tonnes

Snacks +35,989 tonnes

Ready meals +22,979 tonnes

Culinary & condiments +13,384 tonnes

Soft drinks +8,271 tonnes

Forecast growth in usage, 2008 to 2013.

Source: RTS Resource

“demand is growing at a rate of 6.1% per year”