Latin America Allspice Market

Latin America Allspice Market Growth and Forecast (2023 - 2028):

Latin America Allspice Market was worth USD xx million in 2022 and estimated to be growing at a CAGR of xx% to reach USD xx million by 2028.

Market Overview:

Allspice is the dried unripe fruit of a midcanopy tree called Pimenta dioica. It is native to the Greater Antilles, Central America and Southern Mexico but now it is cultivated in many warm countries. Allspice is also called as Pimenta, Jamaica pimenta, Turkish yenibahar, Myrtle pepper. Allspice are picked when they are green and unripe and then they are dried in the sun traditionally. After drying they become brown, smooth peppercorns and resemble large. Allspice as fruit has longer shelf life then the powdered product.

Fruits produce more aromatic product when they are freshly grounded before use. Allspice has ability to lower inflammation and alleviate pain in parts of the body. Allspice leaves are used during cooking and removed before serving. It is used in different ways in different countries. In Caribbean cuisine, it is used in Caribbean jerk seasoning in moles and pickling and also as an ingredient in curry powders and commercial sausage preparations. In Middle Eastern cuisine, it is used to flavour a variety of stews and meat dishes. In the United States, it is used mostly in desserts. In Arab cuisine, many dishes call for allspice as the sole spice added for flavouring. In Great Britain, it appears in many dishes, including cakes.

Drivers and Restraints:

The Latin America Allspice Market is driven by the factors like growing awareness about health, people's love towards food, rising of new cuisines around the world, latest packaging techniques, increase in disposable income and longer shelf life. However, lack of awareness of the fruit and limited number of professionals for cultivating allspice are restraining the Latin America Allspice market.

Latin America Allspice Market Segmentation Analysis:

The Latin America Allspice market is segmented on the basis of type and application. Depending on the type, the market is segmented into whole allspice, ground allspice and rub allspice. On the basis of application, the market is segmented into pharmaceutical industry, food Service, food Process, household and others. Food industry has the largest revenue because it is used in many cuisines.

Region Analysis:

Geographically the Latin America Allspice Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia, which are also intensifying their investments in the Allspice market.

Key Players in the Market:

Major Key Players in the Latin America Allspice Market are

• McCormick
• NH MERCADO
• Castella
• Savoury Spice
• Pereg
• Spice Islands
• Lena Maud farm
• Morton Bassett
• Mountain Rose Herbs
• Kautilya Commodities