Spice Market
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<strong>Spice</strong> <strong>Market</strong><br />
<strong>Spice</strong>s are the ingredients used to enhance the taste and quality of food. It helps to improve the<br />
aroma of food and sustained the nutritional value of food. <strong>Spice</strong>s are available in different forms like<br />
seed, fruit, root, bark, berry, bud or vegetable substance. <strong>Spice</strong>s are also used for coloring or<br />
preserving food items. Some spices like turmeric are used as an antiseptic. Generally, spices used<br />
in food item are typically in dried form which leads to longest shelf life.<br />
The overall spices market is expected to grow at a fast pace, due to its rising demand for<br />
convenience foods. The main opportunity lies with spices is its application as natural preservative for<br />
meat and poultry which is expected to grow exponentially with growing food industry. The global<br />
spices demand has increased substantially over the past few years and is expected to rise<br />
especially in Asia Pacific region. The growing demand from industries such as confectionery,<br />
prepared food and bakery helps to drive the spices market. However, uncertain climatic conditions<br />
and stringent government regulations in spice manufacturing, in countries like Canada, U.K., France<br />
is expected to affect the growth of this market.<br />
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