Growing consumption of processed foods and increasing fast food restaurants are some of the major factors driving the market growth.
The market is anticipated to attain a robust CAGR over the forecast period, i.e., 2021-2029.
The major players in the market are Kerry Inc., McCormick & Company, Inc., Bunge Limited, Newly Weds Foods, Associated British Foods plc, Cargill, Incorporated, and others.