Spices Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, India, UK, Germany - Size and Forecast 2024-2028

Published: Dec 2023

Pages: 168

SKU: IRTNTR71633

Snapshot

Spices Market Forecast 2024-2028

The Spices Market size is projected to increase by USD 3.05 billion and the market size is estimated to grow at a CAGR of 7.22% between 2023 and 2028. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.

Growing demand for ready-to-use spice mixes is the key factor driving market growth. Ready-to-use spice mixes are becoming increasingly popular among customers as they save time and effort and deliver consistency in taste every time food is prepared. The hectic lifestyles of consumers, increasing demand for convenience in food preparation, and rising disposable incomes have led to an increase in the demand for ready-to-use spice mixes. Furthermore, new varieties of aromatic tablets and blended spices developed for specific and exotic cuisines are being made available to consumers. Therefore, increased varieties of ready-to-use spice mixes will drive the growth of the market during the forecast period.

Spices Market: Overview

The Market shows an Accelerated CAGR during the forecast period.

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Major Trends

Growing strategic acquisitions among major players is the primary trend shaping market growth. Some of the major market players are looking to expand into new geographies and segments for enhanced adaptability in terms of innovative technologies and to expand their customer bases. For instance, McCormick and Co. Inc. announced the acquisition of 100% of FONA International, LLC, and certain associates in December 2020.

Also, in May 2021, Olam Group Ltd. successfully acquired Olde Thompson, a well-known US private-label spice and seasoning maker, for an estimated USD 950 million in estimated value. Therefore, such strategies adopted by the market players will drive the growth of the global spice market during the forecast period.

Significant Challenge

Product recalls is a major challenge that affects market growth. The presence of various contaminations in spices causes health hazards among individuals. Consequently, the presence of contaminants due to manufacturing or packaging defects often leads to product recalls. Such product recalls can hinder the brand name and cause heavy losses to the market players, impeding market growth.

For instance, in July 2022, three well-known seasoning blends, McCormick Perfect Pinch Italian Seasoning, McCormick Culinary Italian Seasoning, and Frank RedHot Buffalo Ranch Seasoning, were voluntarily recalled by McCormick and Co. Inc. for possible salmonella contamination. Thus, such factors may impede the revenue and growth of the global market during the forecast period.

Market Segmentation by End-user

The household segment is a rapidly growing segment in the global market. Global demand for these in households is growing due to changing consumer habits, increasing urbanization, rising disposable incomes, and new food experiences. Furthermore, a growing number of consumers in North America and Europe have been incorporating different spices into their regional cuisines, creating new market prospects for manufacturers. In addition, the growing number of cooking shows in developed and developing countries are also influencing consumers to shop for new products from the retail sector. Thus, such factors will increase the growth of the household segment due to the continual increase in demand from households, which in turn will propel the growth of the market during the forecast period.

Market Segmentation by Product Type

The market share growth by the powder segment will be significant during the forecast period. The powder form of these is finely grounded spices, such as chili powder, turmeric powder, and garam masala. This can be either a mix of spices together to form a complex spice powder such as garam masala or separate powders of coriander, cumin, cloves, cinnamon, and nutmeg.

The powder segment was valued at USD 3.01 billion in 2018.

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The powdered spices are commonly used in South Asian countries such as India, Nepal, and China. Garam masala is a popular Indian spice blend used to flavor soup recipes, stews, and curries. It is a commonly used spice in Indian cuisine, which is amazingly warm and fragrant. Garam masala is more of a warming mix, with flavors such as cardamom, cinnamon, cloves, and peppercorns (and many others) blended. Therefore, such factors will drive the growth of the segment during the forecast period.

Key Regions for the Market

APAC is estimated to contribute 39% to the growth of the global market during the forecast period

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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market in APAC is expected to grow at a significant rate due to the major countries like India, China, Japan, South Korea, Australia, Thailand, and Singapore. Factors such as increased health consciousness, rising awareness among people about different types of spices, increased spending by the millennial, Generation X, and Baby Boomer population, the introduction of global spice brands, and growing adoption of traditional recipes will drive the growth of the market in APAC during the forecast period.

Spices Market Company Overview

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Key Offering- Ajinomoto Co. Inc.: The company offers Umami seasoning.
Key Offering- BARIA SPICES CO. LTD.: The company offers black pepper, white pepper, red pepper, and others.
Key Offering- British Pepper and Spice Co. Ltd.: The company offers peppers, and turmeric.

The market report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.

Product Type Outlook
- Powder
- Whole
- Crushed/chopped

End-user Outlook
- Household
- Food services
- Industrial

Region Outlook
- North America
  - The U.S.
  - Canada
- Europe
  - U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Chile
  - Brazil
  - Argentina
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Market Analyst Overview

The Market is thriving, driven by a growing interest in Asian cuisines and the use of spices in U.S. consumers' diets. The Food and beverage industry and Food processing industry are key players, with companies like Pixlee and Loop Commerce utilizing innovative technologies like PGPR. In India, the Spices board and the Ministry of Commerce and Industry are supporting the Indian spice industry through initiatives like the Coworkers Connecting Through Cooking program and the Sustainable sourcing program. Popular spices include turmeric, pepper, cinnamon, cloves, garlic, cardamom, ginger, chili, vanilla, and cumin seeds, while herbs like garlic, parsley, oregano, fennel, peppermint, and basil are also in demand. The market is segmented into the Herbs segment and the Whole seasoning & spices segment, with distribution through the Foodservice channel and Retail channel. As people increasingly cook at home, there's a premium for new and ethnic flavors, driving marketing efforts and highlighting the medicinal benefits of spices & herbs. However, the sector faces challenges like supply chain disruptions.

The Market is vibrant, supported by initiatives like the Coworkers Connecting Through Cooking program by the Spices board of India (GoI). Popular spices such as turmeric, pepper, cinnamon, cloves, garlic, cardamom, ginger, chili, vanilla, and cumin seeds are key ingredients in local cuisines. Domestic brands leverage marketing and promotional activities to meet the demand, especially with the rising number of people cooking at home. There's a growing preference for new and ethnic flavors, commanding a premium price in the F&B sector.

Spices Market Scope
Report Coverage	Details
Page number	168
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 7.22%
Market Growth 2024-2028	USD 3.05 billion
Market structure	USD Fragmented
YoY growth 2023-2024(%)	6.12
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 39%
Key countries	US, China, India, UK, and Germany
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Ajinomoto Co. Inc., BARIA SPICES CO. LTD., British Pepper and Spice Co. Ltd., Dohler GmbH, DS Group, Elite Spice Inc., EVEREST Food Products Pvt. Ltd., Kerry Group Plc, Kikkoman Corp., Mahashian Di Hatti Pvt. Ltd., Master of Spices, McCormick and Co. Inc., Olam Group Ltd., Paulig Ltd., ROYAL SPICES, SOLINA, The Bart Ingredients Co., The Speculaas Spice Co. Ltd., Touton SA, and UK Blending Ltd.
Market dynamics	Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the market growth and forecasting of the market between 2024 and 2028
Precise estimation of the size of the market size and its contribution to the parent market
Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global spices market 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on global spices market 2018 - 2022 ($ billion)

4.2 Product Type Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Product Type Segment 2018 - 2022 ($ billion)

4.3 End-user Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – End-user Segment 2018 - 2022 ($ billion)

4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)

4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Product Type

6.1 Market segments
- Exhibit 30: Chart on Product Type - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Product Type - Market share 2023-2028 (%)

6.2 Comparison by Product Type
- Exhibit 32: Chart on Comparison by Product Type
- Exhibit 33: Data Table on Comparison by Product Type

6.3 Powder - Market size and forecast 2023-2028
- Exhibit 34: Chart on Powder - Market size and forecast 2023-2028 ($ billion)
- Exhibit 35: Data Table on Powder - Market size and forecast 2023-2028 ($ billion)
- Exhibit 36: Chart on Powder - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Powder - Year-over-year growth 2023-2028 (%)

6.4 Whole - Market size and forecast 2023-2028
- Exhibit 38: Chart on Whole - Market size and forecast 2023-2028 ($ billion)
- Exhibit 39: Data Table on Whole - Market size and forecast 2023-2028 ($ billion)
- Exhibit 40: Chart on Whole - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Whole - Year-over-year growth 2023-2028 (%)

6.5 Crushed or chopped - Market size and forecast 2023-2028
- Exhibit 42: Chart on Crushed or chopped - Market size and forecast 2023-2028 ($ billion)
- Exhibit 43: Data Table on Crushed or chopped - Market size and forecast 2023-2028 ($ billion)
- Exhibit 44: Chart on Crushed or chopped - Year-over-year growth 2023-2028 (%)
- Exhibit 45: Data Table on Crushed or chopped - Year-over-year growth 2023-2028 (%)

6.6 Market opportunity by Product Type
- Exhibit 46: Market opportunity by Product Type ($ billion)
- Exhibit 47: Data Table on Market opportunity by Product Type ($ billion)

7 Market Segmentation by End-user

7.1 Market segments
- Exhibit 48: Chart on End-user - Market share 2023-2028 (%)
- Exhibit 49: Data Table on End-user - Market share 2023-2028 (%)

7.2 Comparison by End-user
- Exhibit 50: Chart on Comparison by End-user
- Exhibit 51: Data Table on Comparison by End-user

7.3 Household - Market size and forecast 2023-2028
- Exhibit 52: Chart on Household - Market size and forecast 2023-2028 ($ billion)
- Exhibit 53: Data Table on Household - Market size and forecast 2023-2028 ($ billion)
- Exhibit 54: Chart on Household - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on Household - Year-over-year growth 2023-2028 (%)

7.4 Food service - Market size and forecast 2023-2028
- Exhibit 56: Chart on Food service - Market size and forecast 2023-2028 ($ billion)
- Exhibit 57: Data Table on Food service - Market size and forecast 2023-2028 ($ billion)
- Exhibit 58: Chart on Food service - Year-over-year growth 2023-2028 (%)
- Exhibit 59: Data Table on Food service - Year-over-year growth 2023-2028 (%)

7.5 Industrial - Market size and forecast 2023-2028
- Exhibit 60: Chart on Industrial - Market size and forecast 2023-2028 ($ billion)
- Exhibit 61: Data Table on Industrial - Market size and forecast 2023-2028 ($ billion)
- Exhibit 62: Chart on Industrial - Year-over-year growth 2023-2028 (%)
- Exhibit 63: Data Table on Industrial - Year-over-year growth 2023-2028 (%)

7.6 Market opportunity by End-user
- Exhibit 64: Market opportunity by End-user ($ billion)
- Exhibit 65: Data Table on Market opportunity by End-user ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 67: Chart on Market share by geography 2023-2028 (%)
- Exhibit 68: Data Table on Market share by geography 2023-2028 (%)

9.2 Geographic comparison
- Exhibit 69: Chart on Geographic comparison
- Exhibit 70: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2023-2028
- Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)

9.4 North America - Market size and forecast 2023-2028
- Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)

9.5 Europe - Market size and forecast 2023-2028
- Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)

9.6 South America - Market size and forecast 2023-2028
- Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)

9.7 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

9.8 US - Market size and forecast 2023-2028
- Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)

9.9 China - Market size and forecast 2023-2028
- Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)

9.10 UK - Market size and forecast 2023-2028
- Exhibit 99: Chart on UK - Market size and forecast 2023-2028 ($ billion)
- Exhibit 100: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
- Exhibit 101: Chart on UK - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on UK - Year-over-year growth 2023-2028 (%)

9.11 Germany - Market size and forecast 2023-2028
- Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)

9.12 India - Market size and forecast 2023-2028
- Exhibit 107: Chart on India - Market size and forecast 2023-2028 ($ billion)
- Exhibit 108: Data Table on India - Market size and forecast 2023-2028 ($ billion)
- Exhibit 109: Chart on India - Year-over-year growth 2023-2028 (%)
- Exhibit 110: Data Table on India - Year-over-year growth 2023-2028 (%)

9.13 Market opportunity by geography
- Exhibit 111: Market opportunity by geography ($ billion)
- Exhibit 112: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 113: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 115: Overview on factors of disruption

11.4 Industry risks
- Exhibit 116: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 117: Vendors covered

12.2 Market positioning of vendors
- Exhibit 118: Matrix on vendor position and classification

12.3 Ajinomoto Co. Inc.
- Exhibit 119: Ajinomoto Co. Inc. - Overview
- Exhibit 120: Ajinomoto Co. Inc. - Business segments
- Exhibit 121: Ajinomoto Co. Inc. - Key offerings
- Exhibit 122: Ajinomoto Co. Inc. - Segment focus

12.4 BARIA SPICES CO. LTD.
- Exhibit 123: BARIA SPICES CO. LTD. - Overview
- Exhibit 124: BARIA SPICES CO. LTD. - Product / Service
- Exhibit 125: BARIA SPICES CO. LTD. - Key offerings

12.5 British Pepper and Spice Co. Ltd.
- Exhibit 126: British Pepper and Spice Co. Ltd. - Overview
- Exhibit 127: British Pepper and Spice Co. Ltd. - Product / Service
- Exhibit 128: British Pepper and Spice Co. Ltd. - Key offerings

12.6 Dohler GmbH
- Exhibit 129: Dohler GmbH - Overview
- Exhibit 130: Dohler GmbH - Product / Service
- Exhibit 131: Dohler GmbH - Key offerings

12.7 DS Group
- Exhibit 132: DS Group - Overview
- Exhibit 133: DS Group - Product / Service
- Exhibit 134: DS Group - Key offerings

12.8 EVEREST Food Products Pvt. Ltd.
- Exhibit 135: EVEREST Food Products Pvt. Ltd. - Overview
- Exhibit 136: EVEREST Food Products Pvt. Ltd. - Product / Service
- Exhibit 137: EVEREST Food Products Pvt. Ltd. - Key offerings

12.9 Kerry Group Plc
- Exhibit 138: Kerry Group Plc - Overview
- Exhibit 139: Kerry Group Plc - Business segments
- Exhibit 140: Kerry Group Plc - Key offerings
- Exhibit 141: Kerry Group Plc - Segment focus

12.10 Kikkoman Corp.
- Exhibit 142: Kikkoman Corp. - Overview
- Exhibit 143: Kikkoman Corp. - Business segments
- Exhibit 144: Kikkoman Corp. - Key offerings
- Exhibit 145: Kikkoman Corp. - Segment focus

12.11 Mahashian Di Hatti Pvt. Ltd.
- Exhibit 146: Mahashian Di Hatti Pvt. Ltd. - Overview
- Exhibit 147: Mahashian Di Hatti Pvt. Ltd. - Product / Service
- Exhibit 148: Mahashian Di Hatti Pvt. Ltd. - Key offerings

12.12 Master of Spices
- Exhibit 149: Master of Spices - Overview
- Exhibit 150: Master of Spices - Product / Service
- Exhibit 151: Master of Spices - Key offerings

12.13 McCormick and Co. Inc.
- Exhibit 152: McCormick and Co. Inc. - Overview
- Exhibit 153: McCormick and Co. Inc. - Business segments
- Exhibit 154: McCormick and Co. Inc. - Key offerings
- Exhibit 155: McCormick and Co. Inc. - Segment focus

12.14 Olam Group Ltd.
- Exhibit 156: Olam Group Ltd. - Overview
- Exhibit 157: Olam Group Ltd. - Business segments
- Exhibit 158: Olam Group Ltd. - Key news
- Exhibit 159: Olam Group Ltd. - Key offerings
- Exhibit 160: Olam Group Ltd. - Segment focus

12.15 The Bart Ingredients Co.
- Exhibit 161: The Bart Ingredients Co. - Overview
- Exhibit 162: The Bart Ingredients Co. - Product / Service
- Exhibit 163: The Bart Ingredients Co. - Key offerings

12.16 The Speculaas Spice Co. Ltd.
- Exhibit 164: The Speculaas Spice Co. Ltd. - Overview
- Exhibit 165: The Speculaas Spice Co. Ltd. - Product / Service
- Exhibit 166: The Speculaas Spice Co. Ltd. - Key offerings

12.17 UK Blending Ltd.
- Exhibit 167: UK Blending Ltd. - Overview
- Exhibit 168: UK Blending Ltd. - Product / Service
- Exhibit 169: UK Blending Ltd. - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 170: Inclusions checklist
- Exhibit 171: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 172: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 173: Research methodology
- Exhibit 174: Validation techniques employed for market sizing
- Exhibit 175: Information sources

13.5 List of abbreviations
- Exhibit 176: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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