(Entertainment-NewsWire.com, November 24, 2021 ) The global spices and seasonings market is expected to grow from USD 21.3 billion in 2021 to USD 27.4 billion by 2026, at a CAGR of 5.2% from 2021 to 2026. Spices are plant extracts that are added to food items for enhancing their color, aroma, flavor, taste, and shelf-life. These are available in whole, ground, or blend form. Among the various types of spices and seasonings considered in this study, pepper accounted for the largest share in the global market. Capsicum is projected to grow at the highest CAGR during the forecast period. However, prices for spices and seasonings vary from region to region. The prices are comparatively high for import-dependent regions such as Europe and North America. These regions account for a lower production share in the global market. As a result, such regions incur logistics and maintenance expenses while procuring spices from exporting countries. On the other hand, India and China are the key producers and exporters of spices incurring lower price rates. Hence, the variation of prices of spices hampers the overall growth rate of the spices and seasonings market, specifically for import-dependent countries such as the US, the UK, and Canada.
North America and Europe import a majority of spices from developing countries in Asia Pacific, which include India and China. There have been increasing incidences of adulteration of spices exported from these developing countries. Due to these incidences of adulteration and contamination, stringent regulations by the US FDA and the European Spice Association have been laid down for imported spices from Asian countries. Suppliers have to provide microbial contamination test certificates and also fulfill the requirements mentioned in the regulations.
A spice is adulterated when an ingredient prohibited by regulation, custom, or practice is added to it, primarily for economic gain. The regulatory standards ensure that the product does not contain ingredients that do not meet legislative or safety standards. Adulteration is often the intentional addition of an unauthorized or degraded ingredient or item to increase the spice’s value or to make it cheaper to produce. It is one of the major concerns for the spice industry.
Recently, there have been numerous recalls of dried spices due to chemical contamination. These include the presence of unauthorized colors/dyes and heavy metals. Instances of above-average levels of metals such as cadmium and pesticide residues were found in many spices which were recalled. The increasing incidences of spice adulteration have become a major restraint for the market.
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