Global Allspice Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Allspice Market 2021 (Includes Business Impact of COVID-19)
Global Allspice Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global allspice market report has been segmented as per nature type, product type, end-use, distribution channel, and region.
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Global Allspice Market: Overview


Allspice is obtained from a tree known as Pimenta dioica, and is also referred as Pimento. To make spices, dried berry or unripe fruit from the plant is used. The reason behind the name allspice is that the flavor offered by the berry is combination of flavors of nutmeg, cinnamon, and cloves. The Pimenta Dioica plant originates from to Central America, but now it is also available in other countries as well. Western Hemisphere is the place where most of production of allspice is done. For the purpose of giving the meat sauce its typical flavor and smell, allspice is mainly used.


Global Allspice Market: Dynamics


The key factor for growth of global allspice market is growing usage of spices for variety of purposes. The significant rise in demand from health-conscious young people for healthy and nutrition-rich food is expected to drive growth of target market. Additionally, increasing income levels of individuals and hectic lifestyles and working hours in various countries have led to high demand for ready-to-eat foods and processed foods, which is projected to drive growth of global allspice market. Rising health awareness and demand for spicy food is expected to augment the sales of allspice.

The main use of allspice is in preparing the jerked meats, such as chicken and pork. Allspice is main ingredient in European cooking culture, and is also used for preparing pickles and marinades. In India, allspice is being used in preparation of curries, meat, rice dishes among others, due to its unique flavor. The allspice is not only used in food industry but also it is used in the field of medical. The beneficial nutrients of allspice such as quercetin, eugenol, tannins and high concentration of organic compounds is the reason for its high adoption in the field of medical.  Active ingredients in allspice have unique chemicals that relieve pain and swelling, and has made allspice a useful treatment for facilitating healthy digestion by eliminating constipation and excess bloating as well. Moreover, the presence of potassium in allspice has positive effect on heart by releasing the tension of cardiovascular system. The wide usage of allspice for various reasons is escalating the demand for allspice thereby supporting growth of the global market.

However, stringent government regulations related to food spices across various countries could hamper the growth of global allspice market to a certain extent. In addition, concerns related to adulteration could hinder the market growth.

Making the product available on E-commerce website is projected to result into product visibility and higher adoption of allspice across countries where it is not available. Thus, online sales can support revenue growth and profits to players operating in the market.


Global Allspice Market: Segment Analysis


Among the nature segments, the organic segment is dominating in the global market in terms of revenue share. This is due to rising number of health conscious population and disposable income.

Among the product type segments, the powder segment is dominating in the global market in terms of revenue share. This is due to changing lifestyle and hectic schedules, especially of working women, and benefits of powder form over other forms.

Among the end use segments, the food industry segment is dominating in the global market in terms of revenue share.


Global Allspice Market: Regional Analysis


North America market is expected to dominate in the global market in terms of revenue share in the global allspice market, and is expected to dominate over the forecast period, owing to rising awareness regarding health benefits of allspice among the population and high production of allspice in countries in the region. Market in Asia pacific is projected to register considerable growth in the target market owing to high demand for spices in countries in the region for preparation of authentic food.

Global Allspice Market Segmentation:

Global Allspice Market Segmentation by Nature:

  
Organic
  
Conventional

Global Allspice Market Segmentation by Product Type:

  
Powder
  
Whole
  
Oil

Global Allspice Market Segmentation by End Use:

  
Food Industry
  
Food Service Industry
  
Pharmaceutical
  
Household

Global Allspice Market Segmentation by Distribution Channel:

  
Hypermarkets & Supermarkets
  
Convenience stores
  
Specialty stores
  
E-commerce websites


Key Market Players included in the report:


  
Alaska Spice Co.
  
Badia
  
Castella
  
Fuchs North America
  
Gajanand Foods Pvt. Ltd
  
Istilo Frontier
  
Kalsec Inc.
  
Kautilya Commodities
  
Kotanyi Gourmet
  
La Flor Spices
  
McCormick & Company, Inc.
  
MortonandBassett
  
Mountain Rose Herbs
  
Pereg
  
Savory Spice
  
Simply Balanced
  
Spice Islands
  
The C.F. Sauer Company
  
Tones
  
Watkins