May 28, 2019

U.S. Spice And Extract Market. Analysis And Forecast to 2025

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U.S.: Spice And Extract Market Overview 2019

Spice And Extract Market Size in the USA

The revenue of the spice and extract market in the U.S. amounted to $X in 2018, shrinking by -X% against the previous year. Overall, spice and extract consumption continues to indicate a drastic curtailment. The pace of growth was the most pronounced in 2015, with an increase of X% y-o-y. In that year, the spice and extract market attained their peak level of $X. From 2016 to 2018, growth of the spice and extract market failed to regain its momentum.

Spice And Extract Production in the USA

In value terms, spice and extract production totaled $X in 2018. Overall, spice and extract production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016, with an increase of X% year-to-year. Over the period under review, the spice and extract production reached its maximum level in 2018, and is expected to retain its growth in the immediate term.

Spice And Extract Exports

Exports from the USA

Spice and extract exports from the U.S. amounted to X tonnes in 2018, dropping by -X% against the previous year. Overall, spice and extract exports continue to indicate a drastic contraction. The pace of growth was the most pronounced in 2015, when it surged by X% year-to-year. In that year, the spice and extract exports reached their peak volume of X tonnes. From 2016 to 2018, growth of the spice and extract exports stood at a somewhat lower level.

In value terms, spice and extract exports amounted to $X in 2018. In general, spice and extract exports continue to indicate a relatively flat trend pattern. The exports peaked of $X in 2013; however, from 2014 to 2018, it stood at a somewhat lower level.

Exports by Country

Indonesia (X tonnes) was the main destination of spice and extract exports from the U.S., with a X% share of total exports. Moreover, spice and extract exports to Indonesia exceeded the volume sent to the second major destination, Japan (X tonnes), twofold. The UK (X tonnes) ranked third in terms of total exports with a X% share.

From 2013 to 2018, the average annual rate of growth in terms of volume to Indonesia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-X% per year) and the UK (-X% per year).

In value terms, Germany ($X), China ($X) and Indonesia ($X) appeared to be the largest markets for spice and extract exported from the U.S. worldwide, with a combined X% share of total exports. Brazil, the UK, Japan, Australia, the Dominican Republic, Belgium, Thailand, the Philippines and Singapore lagged somewhat behind, together accounting for a further X%.

Belgium (+X% per year) recorded the highest rates of growth with regard to exports, in terms of the main countries of destination over the last five years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average spice and extract export price amounted to $X per kg, surging by X% against the previous year. Overall, the export price indicated a remarkable increase from 2013 to 2018: its price increased at an average annual rate of +X% over the last five years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018, an increase of X% year-to-year. In that year, the average export prices for spice and extract reached their peak level, and is likely to continue its growth in the immediate term.

Export prices varied noticeably by the country of origin; the country with the highest export price was Germany ($X per kg), while average price for exports to Belgium ($X per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of export prices was recorded for supplies to Germany (+X% per year), the export prices for the other major destinations experienced more modest paces of growth.

Spice And Extract Imports

Imports into the USA

In 2018, approx. X tonnes of spice and extract were imported into the U.S.; going down by -X% against the previous year. The total import volume increased an average annual rate of +X% from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded over the period under review. The growth pace was the most rapid in 2017, when it surged by X% against the previous year. In that year, the spice and extract imports reached their peak volume of X tonnes, and then declined slightly in the following year.

In value terms, spice and extract imports amounted to $X in 2018. Overall, spice and extract imports continue to indicate a relatively flat trend pattern. In that year, the spice and extract imports attained their peak level of $X. From 2016 to 2018, growth of the spice and extract imports failed to regain its momentum.

Imports by Country

China (X tonnes), India (X tonnes) and Viet Nam (X tonnes) were the main suppliers of spice and extract imports to the U.S., with a combined X% share of total imports.

From 2013 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Viet Nam (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Viet Nam ($X) appeared to be the largest spice and extract suppliers to the U.S., together accounting for X% of total imports. These countries were followed by Indonesia, Peru, Brazil, Spain, Thailand, Turkey and the Dominican Republic, which together accounted for a further X%.

The Dominican Republic (+X% per year) recorded the highest growth rate of imports, in terms of the main suppliers over the last five year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spice and extract import price stood at $X per kg in 2018, reducing by -X% against the previous year. In general, spice and extract import price continues to indicate a drastic decline. The pace of growth appeared the most rapid in 2014, when the average import price increased by X% y-o-y. The import price peaked of $X per kg in 2015; however, from 2016 to 2018, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major supplying countries. In 2018, the country with the highest import price was Indonesia ($X per kg), while price for the Dominican Republic ($X per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of import prices was attained by the Dominican Republic (+X% per year), the import prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:

Table salt (evaporated), pepper (white and black), and other spices; Flavoring extracts, emulsions, and other liquid flavors and food colorings (excluding synthetic); Dry mix food preparations; Spice and extract manufacturing, nsk, total


The report provides on a comprehensive analysis of the U.S. spice and extract market. It indicates the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information about the industry, including industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains current data on the biggest players in the industry.


Countries coverage: the U.S.


Companies mentioned:

McCormick & Company Incorporated,

Griffith Laboratories,

Kalsec,

Mizkan Americas,

Fona International,

Wixon,

Watkins Incorporated,

Sensoryeffects Flavor Company,

Elite Spice, K+s Salt,

Tone Brothers,

Gel Spice Co.,

Spice Chain Corporation,

Pizza Blends,

Red Arrow Products Company,

Compass Minerals America,

Griffith Laboratories U.S.A.,

Wixon Industries,

Kalamazoo Holdings,

Mizkan America Holdings,

Griffith Laboratories International,

Performance Chemicals & Ingredients Company,

Griffith Laboratories Worldwide,

K+s Montana Holdings


Data coverage:

• Spice and extract market size;

• Spice and extract production, value of shipments;

• Key market players and their profiles;

• Exports, imports and trade balance;

• Import and export prices;

• Forecast of the market dynamics in the medium term;

• Key industry statistics;

• Life cycle of the spice and extract industry;

• Number of establishments and their locations;

• Employment data;

• Spice and extract industry productivity.


Reasons to buy this report:

• Take advantage of the latest data;

• Find deeper insights into current market developments;

• Discover vital success factors affecting the market.


This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.


In this report, you can find information that helps you to make informed decisions on the following issues


1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion


While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

This Chapter is Available Only for Professional Edition PRO
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

This Chapter is Available Only for Professional Edition PRO
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

This Chapter is Available Only for Professional Edition PRO
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2013–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

This Chapter is Available Only for Professional Edition PRO
LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2013–2018
Table 3:
Market Value, 2013–2018
Table 4:
Per Capita Consumption In 2013-2018
Table 5:
Imports, In Physical Terms, By Country, 2013–2018
Table 6:
Imports, In Value Terms, By Country, 2013–2018
Table 7:
Import Prices, By Country Of Origin, 2013–2018
Table 8:
Exports, In Physical Terms, By Country, 2013–2018
Table 9:
Exports, In Value Terms, By Country, 2013–2018
Table 10:
Export Prices, By Country Of Destination, 2013–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2018
Figure 2:
Market Value, 2013–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013-2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013-2018
Figure 5:
Trade Balance, In Physical Terms, 2013-2018
Figure 6:
Trade Balance, In Value Terms, 2013-2018
Figure 7:
Per Capita Consumption, 2013-2018
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2013–2018
Figure 21:
Production, In Value Terms, 2013–2018
Figure 22:
Imports, In Physical Terms, 2013–2018
Figure 23:
Imports, In Value Terms, 2013–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2013–2018
Figure 26:
Imports, In Value Terms, By Country, 2013–2018
Figure 27:
Import Prices, By Country Of Origin, 2013–2018
Figure 28:
Exports, In Physical Terms, 2013–2018
Figure 29:
Exports, In Value Terms, 2013–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2013–2018
Figure 32:
Exports, In Value Terms, By Country, 2013–2018
Figure 33:
Export Prices, By Country Of Destination, 2013–2018
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