BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Saudi Arabia Spices & Seasonings Market sizeat USD 284 million in 2021. During the forecast period between 2022 and 2028, BlueWeave expects Saudi Arabia Spices & Seasonings Market size to grow at a CAGR of 5.7% reaching a value of USD 415.3 million by 2028. The expansion of Saudi Arabia spices & seasonings market is driven by growing demands for ready meals, rapid population growth and lifestyle modification, a growing preference for natural ingredients and flavors, and an increase in health awareness. Consumers’ increasing inclination to purchase premium for fresh and ethnic flavors, increasing consumer preference to home cooked meals along with surging demand for local cuisines by internationals owing to their cuisine’s flavors are also expected to drive the market growth.
The use of ready-to-use spice mixes has expanded due to a growing choice for ready-to-cook food products by working population, as well as an increase in the number of food manufacturing units and an efficient supply chain for obtaining raw materials at reasonable prices also contribute to the market expansion. Furthermore, increasing campaigns regarding encouraging public to prefer home cooked meals to alleviate stress along with high disposable income are estimated to further expand the Saudi Arabia spices and seasonings market during the period in analysis. However, the adulteration in spices and seasonings, prevalence of gastrointestinal diseases, and contamination of spices by pollutants and toxins are anticipated to limit the growth of Saudi Arabia spices and seasonings market.
Saudi Arabia Spices & Seasonings Market– Overview
Spices and seasonings are widely used to enhance flavor, scent, variety, and taste to food and beverages, as well as additives or antibacterial specialists. Food manufacturers and processors use spices and seasonings to increase the quality and taste of their products and prolong their shelf life. The soaring demand for new cuisines paving the way for exotic spices as well as growing interest in ethnic preferences is expected to boost the market expansion in Saudi Arabia. The industry’s growth can also be attributed to its response to client demand for better products, comfort, and a variety of spices.
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Segmental Information
Saudi Arabia Spices & Seasonings Market – By Application
Based on application, Saudi Arabia spices & seasonings market is segmented into Meat & Poultry; Snacks & Convenience Food; Soups, Sauces, and Dressings; Bakery & Confectionery; Frozen Food; Beverages; and others. The meat & poultry segment held the highest market share in 2021. The beverages segment held the second highest market share. Followed by it, the snacks & convenience food segment is expected to hold a high share in the market due to rapid urbanization, lifestyle modification, and high disposable income in developing economies resulted in increased preference to snacks and convenience food items. In addition, the bakery & confectionery segment is expected to witness a high growth rate due to use of spices and seasonings to produce ready-to-use spice mixtures.
Impact of COVID-19 on Saudi Arabia Spices & Seasonings Market
The COVID-19 pandemic had a detrimental effect on the spices & seasonings market due to government restrictions, transportation challenges, labor constraints, supplier scarcity, infrastructure outages, and import delays have all disrupted the industry’s supply chain. Furthermore, weather, water scarcity, and other factors are causing unprecedented unpredictability in spice and herb production. Shutdowns and lockdowns in spice-producing countries, such as China, India, and Vietnam, impacted raw material supply and use in the foodservice industry. Post the relaxations on the COVID-19 pandemic-related restrictions, however, could help Saudi Arabia spices & seasonings market to get back on its growth track in the coming years.
Competitive Landscape
Saudi Arabia spices & seasonings market is fiercely competitive. Prominent players in the market include Shama Food Industries, Mehran Spices & Food Industries, Heinz, McCormick & Company, and Unilever. To further enhance their market share, these players are primarily focused on the development of innovative and efficient products, new product releases, mergers and acquisitions, collaborations, partnerships, and joint ventures.
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