Worldwide Spices and Seasonings Industry Share Projected to Reach USD 34.71 Billion by 2030: Polaris Market Research

According to the research report, the global spices and seasonings market size & share was valued at USD 21.56 Billion in 2021 and is expected to reach USD 34.71 Billion by 2030, to grow at a CAGR of 5.7% during the forecast period.

According to the research report, the global spices and seasonings market size & share was valued at USD 21.56 Billion in 2021 and is expected to reach USD 34.71 Billion by 2030, to grow at a CAGR of 5.7% during the forecast period.

Spices and seasoning are used to provide flavor, aroma, preservation, and color to the original ingredients. Spices are plant-based components that help to enhance the taste of food. Turmeric, pepper, cinnamon, turmeric, and cardamom are some of the spices used in food and beverages. Some of these are also useful in treating several diseases and health problems. Turmeric has antimicrobial, antioxidant, anti-inflammatory benefits that help prevent illnesses, such as Alzheimer’s, joint inflammation, and cancer. Similarly, cumin seeds possess antibacterial properties that help in boosting the immune system.

The most common seasonings, such as salt, pepper, and acids, are used to heighten the flavors of the original ingredients. Spices are also used by vegan masses as meat substitutes which are opening several opportunities for the spices and seasoning market growth. The COVID-19 pandemic had a significant impact on the industry in 2020 that drastically changed the trade dynamics. However, the spice industry is preparing to curb the post-COVID challenges expected to create opportunities in the market.

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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, Table of Contents, Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)

Reasons To Purchase This Report

Provision of global spices and seasoning market value data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography with consumption of the product/service in the region
Competitive landscape which incorporates the extensive company profiles
The current as well as the future outlook of the industry with respect to recent developments
In-depth analysis of global spices and seasoning market perspectives through Porter’s five forces analysis
Dynamics scenario, along with growth opportunities in the years to come

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Top Global Industry Players Are:

Ajinomoto Co. Inc
AKO GmbH
Ariake Japan Company
Associated British Foods
Dohler Group
Friedrich Ingredients
Kerry Group
McCormick & Company Inc.
Moguntia Food Group AG
Olam International
Pacific Spice Company
Sensient Technologies Corporation
SHS Group
Worlee Gruppe
Zhumadian Wang Shouyi

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Frequently Asked Questions About This Report

How big is the global spices and seasoning market?
What is the global spices and seasoning market growth?
Which segment accounted for the largest share?
Who are the key players?
What are the factors driving the market?
What segments are covered?
What are the opportunities for the existing players and for those who are planning to enter?

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Spices and Seasoning Market: Driving Factors

The growing preference for new flavors and ethnic tastes has been creating demand for ethnic products, in turn boosting the market growth. Rising demand for ready-to-eat and ready-to-drink products is one of the key factors driving the development of the market. Furthermore, Seasoning and spices, due to their associated health benefits, have been experiencing a remarkable demand in the commercial and household sector.

Ready-to-cook spices mixes are increasingly gaining popularity among consumers owing to their time- and effort-saving features. These pre-mix packages provide consistency in the taste of food with minimum effort. Subsequently, factors such as the hectic work schedules of parents and the increasing number of women in workforces are driving the demand for ready-to-cook spice mixes. New varieties of aromatic and fusion flavors created for particular and exotic foods are gaining traction among consumers. Due to the long working hours and hectic schedules, people look for quick and easy ways to eat, such as ready-to-cook spices mixes. This factor is accelerating the spices and seasonings industry growth.

Increasing demand for organic spices among consumers in Europe is also anticipated to drive the need for the herbs and seasoning market. In metropolitan regions, retail outlets such as supermarkets & hypermarkets are experiencing market growth, which is expected to boost demand for spices and seasonings. In developed countries of North America and Europe, Japanese restaurants have shown strong growth due to the light seasoning and natural flavors of the cuisine.

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Global Spices and Seasoning Market: Report Scope

Report Attribute

Details

Market Size 2021 Value

USD 21.56 Billion

Market Outlook for 2030

USD 34.71 Billion

Expected CAGR Growth

5.7% from 2022 – 2030

Base year

2021

Forecast period

2022 – 2029

Segments covered

By Type, By Application, By Nature, By Region

Key Companies

Ajinomoto Co., Inc, AKO GmbH, Ariake Japan Company, Associated British Foods, Dohler Group, Friedrich Ingredients, Kerry Group, McCormick & Company, Inc., Moguntia Food Group AG, Olam International, Pacific Spice Company, Sensient Technologies Corporation, SHS Group, Worlee Gruppe, and Zhumadian Wang Shouyi.

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Customization Options

Customized purchase options are available to meet your research needs.

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Spices and Seasoning Market: Market Segmentation

Insights by Type, Application, Nature, And Region

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On the basis of type segment, the ginger segment is anticipated to be the most significant market revenue contributor in the global spices and seasonings industry in the year 2021, and it is expected to continue its dominance during the forecast period. Based on application, the soups, sauces, and dressings segment held the largest share of over 25.0% in 2019.Β  Growing health consciousness among the people is driving the demand for various types of sauces and dressings in the seasoning and spices market. In addition, the meat and poultry products segment, by application, is expected to register the largest CAGR of 6.8% from 2020 to 2027.

On the ground of geography, North America dominated the market with the highest revenue share in 2021 and is likely to continue its dominance due to the growing consumption of various organic food products. Other factors including the huge population and increasing demand for authentic ethnic flavors, the growing popularity of convenience foods, and increasing awareness of the health benefits of spices and seasonings, are fueling the market growth in the region. The spices and seasoning market is also growing in Europe. The rising importance of organic spices such as pepper, ginger, and capsicums in this region is expected to record moderate growth. Moreover, increased awareness and popularity of spices in this region the improvement in the usage of condiments and spices are some of the drivers fueling the market growth in Europe.

Browse the full β€œSpices and Seasonings Market Share, Size, Trends, Industry Analysis Report, By Type (Pepper, Capsicum, Ginger, Cinnamon, Cumin, Turmeric, Nutmeg & Mace, Cardamom, Coriander, Cloves, Others); Application; Nature (Organic, Conventional); By Region; Segment Forecast, 2022 – 2030” Report at https://www.polarismarketresearch.com/industry-analysis/spices-seasonings-market

The market is primarily segmented based on type, application, nature, and region

Spices and Seasoning Market: By Type Outlook

Pepper
Capsicum
Ginger
Cinnamon
Cumin
Turmeric
Nutmeg & Mace
Cardamom
Coriander
Cloves
Others

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Spices and Seasoning Market: By Nature Outlook

Meat & Poultry Products
Snacks & Convenience Food
Soups, Sauces, and Dressings
Bakery & Confectionery
Frozen Products
Beverages
Others

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Spices and Seasoning Market: By Application Outlook

Organic
Conventional

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