Global Spices Market Size, Manufacturers, Opportunities and Forecast to 2030

Global Spices Market Size, Manufacturers, Opportunities and Forecast to 2030


A spice is a dried seed, fruit, root, bark, or vegetable substance primarily used for flavoring, coloring or preserving food. Because they tend to have strong flavors and are used in small quantities, spices tend to add few calories to food. Many spices, however, can contribute significant portions of micronutrients to the diet.

A spice may have other uses, including medicinal, religious ritual, cosmetics or perfume production, or as a vegetable.

A spice may be available in several forms: fresh, whole dried, or pre-ground dried. Generally, spices are dried. A whole dried spice has the longest shelf life, so it can be purchased and stored in larger amounts, making it cheaper on a per-serving basis. Some spices are not always available either fresh or whole, for example turmeric, and often must be purchased in ground form. Small seeds, such as fennel and mustard seeds, are often used both whole and in powder form.

In this report, it includes the dried plant product used primarily for seasoning purposes or medicine effectiveness etc.

According to APO Research, The global Spices market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

India is the largest Spices market with about 63% market share. China is follower, accounting for about 6% market share.

The key players are McCormick, Unilever, Ajinomoto, Ariake, Kerry Group Plc. (Ireland), Olam International, Everest Spices, Zhumadian Wang Shouyi, MDH Spices, Catch(DS Group), Nestle, Brucefoods, Sensient Technologies (U.S.), Ankee Food, Haitian etc. Top 3 companies occupied about 13% market share.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Spices, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Spices.

The Spices market size, estimations, and forecasts are provided in terms of sales volume (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Spices market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

McCormick
Unilever
Ajinomoto
Ariake
Kerry Group Plc. (Ireland)
Olam International
Everest Spices
Zhumadian Wang Shouyi
MDH Spices
Catch (DS Group)
Nestle
Brucefoods
Sensient Technologies (U.S.)
Ankee Food
Haitian

Spices segment by Type

Hot Spices
Aromatic Spices
Others

Spices segment by Application

Catering Industry
Household
Others

Spices Segment by Region

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Spices market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Spices and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Spices.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Spices manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Spices in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.


1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Spices Market Size Estimates and Forecasts (2019-2030)
1.2.2 Global Spices Sales Estimates and Forecasts (2019-2030)
1.3 Spices Market by Type
1.3.1 Hot Spices
1.3.2 Aromatic Spices
1.3.3 Others
1.4 Global Spices Market Size by Type
1.4.1 Global Spices Market Size Overview by Type (2019-2030)
1.4.2 Global Spices Historic Market Size Review by Type (2019-2024)
1.4.3 Global Spices Forecasted Market Size by Type (2025-2030)
1.5 Key Regions Market Size by Type
1.5.1 North America Spices Sales Breakdown by Type (2019-2024)
1.5.2 Europe Spices Sales Breakdown by Type (2019-2024)
1.5.3 Asia-Pacific Spices Sales Breakdown by Type (2019-2024)
1.5.4 Latin America Spices Sales Breakdown by Type (2019-2024)
1.5.5 Middle East and Africa Spices Sales Breakdown by Type (2019-2024)
2 Global Market Dynamics
2.1 Spices Industry Trends
2.2 Spices Industry Drivers
2.3 Spices Industry Opportunities and Challenges
2.4 Spices Industry Restraints
3 Market Competitive Landscape by Company
3.1 Global Top Players by Spices Revenue (2019-2024)
3.2 Global Top Players by Spices Sales (2019-2024)
3.3 Global Top Players by Spices Price (2019-2024)
3.4 Global Spices Industry Company Ranking, 20
22 VS 2023 VS 2024
3.5 Global Spices Key Company Manufacturing Sites & Headquarters
3.6 Global Spices Company, Product Type & Application
3.7 Global Spices Company Commercialization Time
3.8 Market Competitive Analysis
3.8.1 Global Spices Market CR5 and HHI
3.8.2 Global Top 5 and
10 Spices Players Market Share by Revenue in 2023
3.8.3 20
23 Spices Tier 1, Tier 2, and Tier 3
4 Spices Regional Status and Outlook
4.1 Global Spices Market Size and CAGR by Region: 20
19 VS 2023 VS 2030
4.2 Global Spices Historic Market Size by Region
4.2.1 Global Spices Sales in Volume by Region (2019-2024)
4.2.2 Global Spices Sales in Value by Region (2019-2024)
4.2.3 Global Spices Sales (Volume & Value), Price and Gross Margin (2019-2024)
4.3 Global Spices Forecasted Market Size by Region
4.3.1 Global Spices Sales in Volume by Region (2025-2030)
4.3.2 Global Spices Sales in Value by Region (2025-2030)
4.3.3 Global Spices Sales (Volume & Value), Price and Gross Margin (2025-2030)
5 Spices by Application
5.1 Spices Market by Application
5.1.1 Catering Industry
5.1.2 Household
5.1.3 Others
5.2 Global Spices Market Size by Application
5.2.1 Global Spices Market Size Overview by Application (2019-2030)
5.2.2 Global Spices Historic Market Size Review by Application (2019-2024)
5.2.3 Global Spices Forecasted Market Size by Application (2025-2030)
5.3 Key Regions Market Size by Application
5.3.1 North America Spices Sales Breakdown by Application (2019-2024)
5.3.2 Europe Spices Sales Breakdown by Application (2019-2024)
5.3.3 Asia-Pacific Spices Sales Breakdown by Application (2019-2024)
5.3.4 Latin America Spices Sales Breakdown by Application (2019-2024)
5.3.5 Middle East and Africa Spices Sales Breakdown by Application (2019-2024)
6 Company Profiles
6.1 McCormick
6.1.1 McCormick Comapny Information
6.1.2 McCormick Business Overview
6.1.3 McCormick Spices Sales, Revenue and Gross Margin (2019-2024)
6.1.4 McCormick Spices Product Portfolio
6.1.5 McCormick Recent Developments
6.2 Unilever
6.2.1 Unilever Comapny Information
6.2.2 Unilever Business Overview
6.2.3 Unilever Spices Sales, Revenue and Gross Margin (2019-2024)
6.2.4 Unilever Spices Product Portfolio
6.2.5 Unilever Recent Developments
6.3 Ajinomoto
6.3.1 Ajinomoto Comapny Information
6.3.2 Ajinomoto Business Overview
6.3.3 Ajinomoto Spices Sales, Revenue and Gross Margin (2019-2024)
6.3.4 Ajinomoto Spices Product Portfolio
6.3.5 Ajinomoto Recent Developments
6.4 Ariake
6.4.1 Ariake Comapny Information
6.4.2 Ariake Business Overview
6.4.3 Ariake Spices Sales, Revenue and Gross Margin (2019-2024)
6.4.4 Ariake Spices Product Portfolio
6.4.5 Ariake Recent Developments
6.5 Kerry Group Plc. (Ireland)
6.5.1 Kerry Group Plc. (Ireland) Comapny Information
6.5.2 Kerry Group Plc. (Ireland) Business Overview
6.5.3 Kerry Group Plc. (Ireland) Spices Sales, Revenue and Gross Margin (2019-2024)
6.5.4 Kerry Group Plc. (Ireland) Spices Product Portfolio
6.5.5 Kerry Group Plc. (Ireland) Recent Developments
6.6 Olam International
6.6.1 Olam International Comapny Information
6.6.2 Olam International Business Overview
6.6.3 Olam International Spices Sales, Revenue and Gross Margin (2019-2024)
6.6.4 Olam International Spices Product Portfolio
6.6.5 Olam International Recent Developments
6.7 Everest Spices
6.7.1 Everest Spices Comapny Information
6.7.2 Everest Spices Business Overview
6.7.3 Everest Spices Spices Sales, Revenue and Gross Margin (2019-2024)
6.7.4 Everest Spices Spices Product Portfolio
6.7.5 Everest Spices Recent Developments
6.8 Zhumadian Wang Shouyi
6.8.1 Zhumadian Wang Shouyi Comapny Information
6.8.2 Zhumadian Wang Shouyi Business Overview
6.8.3 Zhumadian Wang Shouyi Spices Sales, Revenue and Gross Margin (2019-2024)
6.8.4 Zhumadian Wang Shouyi Spices Product Portfolio
6.8.5 Zhumadian Wang Shouyi Recent Developments
6.9 MDH Spices
6.9.1 MDH Spices Comapny Information
6.9.2 MDH Spices Business Overview
6.9.3 MDH Spices Spices Sales, Revenue and Gross Margin (2019-2024)
6.9.4 MDH Spices Spices Product Portfolio
6.9.5 MDH Spices Recent Developments
6.
10 Catch (DS Group)
6.10.1 Catch (DS Group) Comapny Information
6.10.2 Catch (DS Group) Business Overview
6.10.3 Catch (DS Group) Spices Sales, Revenue and Gross Margin (2019-2024)
6.10.4 Catch (DS Group) Spices Product Portfolio
6.10.5 Catch (DS Group) Recent Developments
6.
11 Nestle
6.11.1 Nestle Comapny Information
6.11.2 Nestle Business Overview
6.11.3 Nestle Spices Sales, Revenue and Gross Margin (2019-2024)
6.11.4 Nestle Spices Product Portfolio
6.11.5 Nestle Recent Developments
6.
12 Brucefoods
6.12.1 Brucefoods Comapny Information
6.12.2 Brucefoods Business Overview
6.12.3 Brucefoods Spices Sales, Revenue and Gross Margin (2019-2024)
6.12.4 Brucefoods Spices Product Portfolio
6.12.5 Brucefoods Recent Developments
6.
13 Sensient Technologies (U.S.)
6.13.1 Sensient Technologies (U.S.) Comapny Information
6.13.2 Sensient Technologies (U.S.) Business Overview
6.13.3 Sensient Technologies (U.S.) Spices Sales, Revenue and Gross Margin (2019-2024)
6.13.4 Sensient Technologies (U.S.) Spices Product Portfolio
6.13.5 Sensient Technologies (U.S.) Recent Developments
6.
14 Ankee Food
6.14.1 Ankee Food Comapny Information
6.14.2 Ankee Food Business Overview
6.14.3 Ankee Food Spices Sales, Revenue and Gross Margin (2019-2024)
6.14.4 Ankee Food Spices Product Portfolio
6.14.5 Ankee Food Recent Developments
6.
15 Haitian
6.15.1 Haitian Comapny Information
6.15.2 Haitian Business Overview
6.15.3 Haitian Spices Sales, Revenue and Gross Margin (2019-2024)
6.15.4 Haitian Spices Product Portfolio
6.15.5 Haitian Recent Developments
7 North America by Country
7.1 North America Spices Sales by Country
7.1.1 North America Spices Sales Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
7.1.2 North America Spices Sales by Country (2019-2024)
7.1.3 North America Spices Sales Forecast by Country (2025-2030)
7.2 North America Spices Market Size by Country
7.2.1 North America Spices Market Size Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
7.2.2 North America Spices Market Size by Country (2019-2024)
7.2.3 North America Spices Market Size Forecast by Country (2025-2030)
8 Europe by Country
8.1 Europe Spices Sales by Country
8.1.1 Europe Spices Sales Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
8.1.2 Europe Spices Sales by Country (2019-2024)
8.1.3 Europe Spices Sales Forecast by Country (2025-2030)
8.2 Europe Spices Market Size by Country
8.2.1 Europe Spices Market Size Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
8.2.2 Europe Spices Market Size by Country (2019-2024)
8.2.3 Europe Spices Market Size Forecast by Country (2025-2030)
9 Asia-Pacific by Country
9.1 Asia-Pacific Spices Sales by Country
9.1.1 Asia-Pacific Spices Sales Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
9.1.2 Asia-Pacific Spices Sales by Country (2019-2024)
9.1.3 Asia-Pacific Spices Sales Forecast by Country (2025-2030)
9.2 Asia-Pacific Spices Market Size by Country
9.2.1 Asia-Pacific Spices Market Size Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
9.2.2 Asia-Pacific Spices Market Size by Country (2019-2024)
9.2.3 Asia-Pacific Spices Market Size Forecast by Country (2025-2030)
10 Latin America by Country
10.1 Latin America Spices Sales by Country
10.1.1 Latin America Spices Sales Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
10.1.2 Latin America Spices Sales by Country (2019-2024)
10.1.3 Latin America Spices Sales Forecast by Country (2025-2030)
10.2 Latin America Spices Market Size by Country
10.2.1 Latin America Spices Market Size Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
10.2.2 Latin America Spices Market Size by Country (2019-2024)
10.2.3 Latin America Spices Market Size Forecast by Country (2025-2030)
11 Middle East and Africa by Country
11.1 Middle East and Africa Spices Sales by Country
11.1.1 Middle East and Africa Spices Sales Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
11.1.2 Middle East and Africa Spices Sales by Country (2019-2024)
11.1.3 Middle East and Africa Spices Sales Forecast by Country (2025-2030)
11.2 Middle East and Africa Spices Market Size by Country
11.2.1 Middle East and Africa Spices Market Size Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
11.2.2 Middle East and Africa Spices Market Size by Country (2019-2024)
11.2.3 Middle East and Africa Spices Market Size Forecast by Country (2025-2030)
12 Value Chain and Sales Channels Analysis
12.1 Spices Value Chain Analysis
12.1.1 Spices Key Raw Materials
12.1.2 Key Raw Materials Price
12.1.3 Raw Materials Key Suppliers
12.1.4 Manufacturing Cost Structure
12.1.5 Spices Production Mode & Process
12.2 Spices Sales Channels Analysis
12.2.1 Direct Comparison with Distribution Share
12.2.2 Spices Distributors
12.2.3 Spices Customers
13 Concluding Insights
14 Appendix
14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
14.5.1 Secondary Sources
14.5.2 Primary Sources
14.6 Disclaimer

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