Allspice Market is projected to reach USD xx million by 2023

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.

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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