Global Spices and Stimulants Market 2015-2019
About Spices and Stimulants
Spices and stimulants are plant products. Spices constitute a large variety of phytonutrients and antioxidants. Primarily used for their palatability, flavor, and aroma (derived from phytochemicals), spices find extensive usage in the culinary industry. Stimulants offer increased vigor temporarily and contain chemicals such as caffeine, l-theanine, theophylline, and theobromine. While the pattern of spices and stimulants use varies worldwide, globalization has increased the demand for these products from other geographies as well.
Technavio's analysts forecast the global spices and stimulants market to grow at a CAGR of 8.0% during 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the global spices and stimulants market for 2015-2019. To calculate the market size, the report considers revenue generated from the sales of unprocessed and primary processed spices and stimulants. The spices considered include cinnamon, cloves, chilies, nutmeg, peppers, cloves, cinnamon, and other spices, while stimulants include tea, coffee, and cocoa.
Technavio's report, Global Spices and Stimulants Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.Key Regions
Technavio Announces the Publication of its Research Report – Global Spices and Stimulants Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Spices and Stimulants Market: Associated British Foods, McCormick and Olam International
Other Prominent Vendors in the market are: Amsterdam Commodities, CF Sauer, ED&F Man, Fuchs North America, House Foods Group, Paulig Group, S&B Foods, Strauss Group, Vanns Spices and Wei Chuan Foods
Commenting on the report, an analyst from Technavio’s team said: “The growing number of cafés and coffee chains worldwide will increase the growth prospects of the global stimulants market. Fast-paced lifestyles have encouraged the growth of the on-the-go refreshments market. Vendors are establishing outlets in busy markets and near offices and colleges to cater to the rising demand for beverages among students and the working population. The growing trend of having beverages during casual social conversations, particularly in developing economies where the youth population is high, is bolstering the market for coffee, tea, and cocoa vendors globally. Therefore, the rising consumption of coffee and tea will increase the number of visitors to coffee shops and cafés, boosting the growth of the stimulants market.”
According to the report, the rising awareness of the health benefits associated with spices and stimulants favors the growth of the market. As consumers are becoming more health-conscious, they are seeking products that are natural and have a positive effect on the body. Traditional methods of using spices for curing ailments are still prevalent in the market, thus enhancing the use of spices. The beneficial properties of stimulants in abetting the prevention of various diseases are also becoming more prominent. This has led to their increased use in medicine and other industries such as cosmetics and aromatherapy.Further, the report states that adulteration is a significant drawback in the market.
Associated British Foods, McCormick, Olam International, Amsterdam Commodities, CF Sauer, ED&F Man, Fuchs North America, House Foods Group, Paulig Group, S&B Foods, Strauss Group, Vanns Spices, Wei Chuan Foods