Spices & Seasonings Market by Product (Herbs, Salt & Salt Substitutes, Spices), Application (Bakery & Confectionery, Beverages, Frozen Foods), Distribution Channel - Global Forecast 2024-2030

Spices & Seasonings Market by Product (Herbs, Salt & Salt Substitutes, Spices), Application (Bakery & Confectionery, Beverages, Frozen Foods), Distribution Channel - Global Forecast 2024-2030

The Spices & Seasonings Market size was estimated at USD 29.43 billion in 2023 and expected to reach USD 31.27 billion in 2024, at a CAGR 6.42% to reach USD 45.52 billion by 2030.

Spices & seasonings comprise the manufacturing, distribution, and consumption of various natural or synthetic flavor-enhancing agents used to augment the taste and aroma of food products. These agents are primarily derived from plant sources such as seeds, leaves, fruits, roots, or barks and include spices like pepper, turmeric, and cinnamon and seasonings such as herbs, salts, and sugar-based blends. Increasing globalization resulting in greater exposure to international cuisines, rising income levels leading to higher demand for convenience foods, and a growing focus on health-conscious living contributed to the market growth. Additionally, increased price volatility due to fluctuating raw material costs, supply chain disruptions, and stringent food safety/regulatory standards necessitating compliance may hamper market demand. Government initiatives supporting sustainable agriculture/local farming/trade promotion and product innovations catering to emerging consumer trends are expected to present a lucrative market opportunity in the forecast period.

Regional Insights

The Americas represents a lucrative landscape in the spices & seasonings market owing to the rise in consumption driven by increasing multiculturalism, evolving consumer palates, and a growing interest in ethnic cuisines. Additionally, the demand for organic spices & seasonings has surged due to health-conscious consumers seeking natural alternatives to artificial ingredients. The European region represents a significant spices & seasonings market due to increased travel experiences, exposure to global culinary trends, and immigration, contributing to a diversified taste among European consumers. Furthermore, due to heightened environmental awareness, there is a growing preference for sustainably sourced spices in the EU region. The APAC region has a developed landscape in the spices & seasonings market due to extensive gastronomic culture boasting diverse regional flavors, driving strong local demand for spices. The affinity toward umami-rich foods, the rich culture of spices, and the presence of the largest producers of spices have contributed to the market growth in this region.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Spices & Seasonings Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • High adoption of spices & seasonings across processed food & beverage industries
    • Proliferating demand for organic spices and herbs due to nutritional benefits
    • Growing use of ready-to-use spice mixes and evolving consumer preferences toward ethnic flavors
    • Market Restraints
      • Price volatility due to fluctuating raw material costs
      • Market Opportunities
        • Emergence of spices & seasonings distribution on online platforms
        • Advancements in the processing and packaging of various spices & seasonings
        • Market Challenges
          • Adulteration of spices & seasonings leading to product recall
          • Market Segmentation Analysis
            • Product: Extensive adoption of spices and seasoning products among consumers due to their associated health benefits
            • Distribution Channel: Emergence of an online distribution channel owing to its accessibility and convenience aspects
            • Application: Accelerating the use of spices & seasonings in food & beverage production facilities worldwide
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Spices & Seasonings Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Spices & Seasonings Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • B&G Foods and Sazerac Partner To Launch New Seasoning Blends
              
              B&G Foods and Sazerac joined forces to introduce three Weber seasonings, drawing inspiration from Sazerac's renowned spirits. This collaboration aims to offer loyal customers an innovative way to savor their preferred flavors in the form of seasonings.
              
              Kraft Heinz Seasonings Brand Launches in the U.S.
              
              Kraft Heinz expanded its European brand, Just Spices, to the U.S. market in order to drive growth for its Taste Elevation business. The brand distributes 70% of its ready-made one-step spice blends directly to consumers, while the remaining 30% is sold through major grocery retailers both in-store and online. Just Spices leverages machine-learning product innovation and advanced analytics to identify consumer trends and flavor preferences by region.
              
              McCormick and Tabitha Brown Expand Partnership to Launch Five New Salt Free Vegan Seasoning Products
              
              Tabitha Brown and McCormick joined forces to introduce five new salt-free, vegan seasoning products in the spices & seasonings category. This collaboration brings forth two exceptional seasoning blends and three recipe mixes, set to be released during the upcoming spring and summer seasons. The product lineup includes the Like Sweet Like Smoky All Purpose Seasoning, Very Good Garlic All Purpose Seasoning, Taco Business Seasoning Mix, Burger Business Seasoning Mix, and Sauté Business Seasoning Mix.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Spices & Seasonings Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Spices & Seasonings Market, highlighting leading vendors and their innovative profiles. These include Ajinomoto Co., Inc., All-Season Herbs Pvt. Ltd., Archer-Daniels-Midland Company, Arjuna Natural Pvt. Ltd., B&G Foods, Inc., Badia Spices, Inc., Baron Spices & Seasonings, BM Ingredients Europe GmbH, Cargill, Incorporated, Corbion N.V., DS Group, Döhler GmbH, EVEREST Food Products Pvt. Ltd., Frontier Co-op., Givaudan SA, Glanbia PLC, Goya Foods, Inc., House Foods Group Inc., Industrias Tajín, SA de CV, International Flavors & Fragrances Inc., Kalsec Inc., Kerry Group PLC, Kikkoman Corporation, Lionel Hitchen Limited, McCormick & Company, Incorporated, Olam Group Limited, Prymat sp. z o. o., Royal DSM, Sensient Technologies Corporation, SHS Group, Takasago International Corporation, The Kraft Heinz Company, Universal Oleoresins, V & D Flavours & Fragrances, and Watkins Incorporated.
            
            Market Segmentation & Coverage
            
            This research report categorizes the Spices & Seasonings Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Product
              • Herbs
                • Basil
                • Fennel
                • Garlic
                • Mint
                • Oregano
                • Parsley
                • Rosemary
                • Thyme
                • Salt & Salt Substitutes
                • Spices
                  • Cardamom
                  • Cinnamon
                  • Cloves
                  • Coriander
                  • Cumin
                  • Ginger
                  • Nutmeg
                  • Pepper
                  • Turmeric
                  • Application
                    • Bakery & Confectionery
                    • Beverages
                    • Frozen Foods
                    • Meat & Seafood
                    • Salads & Dressings
                    • Savory Snacks
                    • Soups & Sauces
                    • Distribution Channel
                      • Offline
                        • Convenience Stores
                        • Supermarkets & Hypermarkets
                        • Online
                        • Region
                          • Americas
                            • Argentina
                            • Brazil
                            • Canada
                            • Mexico
                            • United States
                              • California
                              • Florida
                              • Illinois
                              • New York
                              • Ohio
                              • Pennsylvania
                              • Texas
                              • Asia-Pacific
                                • Australia
                                • China
                                • India
                                • Indonesia
                                • Japan
                                • Malaysia
                                • Philippines
                                • Singapore
                                • South Korea
                                • Taiwan
                                • Thailand
                                • Vietnam
                                • Europe, Middle East & Africa
                                  • Denmark
                                  • Egypt
                                  • Finland
                                  • France
                                  • Germany
                                  • Israel
                                  • Italy
                                  • Netherlands
                                  • Nigeria
                                  • Norway
                                  • Poland
                                  • Qatar
                                  • Russia
                                  • Saudi Arabia
                                  • South Africa
                                  • Spain
                                  • Sweden
                                  • Switzerland
                                  • Turkey
                                  • United Arab Emirates
                                  • United Kingdom
                                  
                                  
                                  Please Note: PDF & Excel + Online Access - 1 Year