Allspice Market Size and Market Growth:
The Allspice market was valued USD xx million in 2018 and expected to be growing at a CAGR of xx% to reach USD xx million by 2023.
Allspice Market Overview:
Allspice also called pimento, is obtained from a mid-canopy tree Pimenta dioica. The unripe, dried fruit or the berry derived from the plant is utilized as a spice. The name allspice was named because of the combination of flavors of cinnamon, nutmeg, and cloves offered by the berry. Allspice is one of the most exclusively grown spices in the Western Hemisphere. The plant is native to Central America but is now cultivated in many other countries as well.
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Allspice Market Drivers and Restraints:
Active ingredients in allspice have different chemicals that alleviate pain and inflammation. The calming nature of allspice has made it an effective remedy for assisting healthy digestion by eliminating constipation and excess bloating. The potassium present in allspice has a positive effect on heart health by releasing the tension of the cardiovascular system. All these reasons have made allspice an ingredient of great importance in the food and medicinal market, thereby increasing its demand in the spices market.
Report segmented as:
By Type:
• Whole allspice
• Ground allspice
• Rub allspice
By Application:
• Pharmaceutical industry
• Food service
• Food process
• Household
• Others
Allspice Market Geographical Analysis:
Based on geography, the market is segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America has the most significant revenue in the world since it is continued to be grown primarily in Jamaica, though a few other Central American countries. It is broadly employed in many cuisines around the globe. The Asia Pacific is the quickest growing region because of rising economies and the rising popularity of western food in Asian countries.
Key players of Allspice market are:
Some of the key market participants identified across the value chain of the world allspice market are McCormick & Company, Inc., Fuchs North America, The C.F. Sauer Company, Kalsec Inc., Kotanyi Gourmet, Castella, Kautilya Commodities, Alaska Spice Co., La Flor Spices, Gajanand Foods Pvt. Ltd among other allspice producers.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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