Global Spices & Herbs Market Overview, 2023-28

Global Spices & Herbs Market Overview, 2023-28

The global spices and seasoning market has experienced growth over the years, driven by factors such as an increasing population, changing dietary preferences, and growing awareness of the health benefits of natural ingredients. Spices and herbs are sourced from different regions around the world, each with its own unique flavour profiles and characteristics. Countries like India, China, Indonesia, and Vietnam are major producers and exporters of spices, while other regions contribute to the global supply. Spices have a rich history and were highly prized in ancient times. The demand for spices from Asia, such as black pepper, cinnamon, and cloves, led to the establishment of ancient trade routes like the famous Silk Road, connecting East and West. Certain spices and herbs are particularly associated with specific regions or countries. For example, basil is often associated with Italian cuisine, while coriander is widely used in Indian and Mexican dishes. Seasoning demand is expanding internationally because of changing consumption habits, increased urbanisation, rising income levels, and innovative food experiences. Furthermore, a rising number of customers in Europe and North America have begun to use a range of spices in their local cuisines, creating new potential for producers in the worldwide market. Spices and seasonings are commonly used to add flavour, aroma, diversity, and taste to food and beverages, as well as additions or antibacterial agents. Comfort food manufacturers use spices and seasonings to improve the quality and flavour of their products and extend their shelf life. Customer willingness to explore new pathways for new spices, as well as growing interest in ethnic preferences, has resulted in an increase in item contributions and an extension in the offer of spices and seasonings. This industry's growth can also be attributed to its response to client demand for better products, comfort, and a variety of spices.

According to the research report ""Global Spices and Seasoning Market Overview, 2023–2028,"" published by Bonafide Research, the Global spice and Seasoning market is anticipated to cross USD 30.45 Billion by 2028, increasing from USD 22.07 Billion in 2022. The market is expected to grow at a 5.61% CAGR by 2028. The spices and seasonings market has observed wide developments over the last few decades, supported by factors such as increasing urbanisation levels and changing lifestyles. Increasing demand for unique aromatic food experiences by today’s customers is boosting food experimentation by recipe developers. Furthermore, Remarkable interest in global and ethnic food reinforces curiosity in flavour mixes and spices. As well as the expanding bars, hotels, restaurants, and cafes to cater to the growing number of consumers, that raised the demand for the spices and herbs in the market. Based on the product types, which include spices and herbs, at the global level, the spices have the highest market share. As spices can produce different flavours easily, their demand is growing at a fast pace in the global market. Turmeric, pepper, and cinnamon are the most consumed spices in the world. However, other spices that are commonly available in the market The herbs segment is anticipated to grow at the highest CAGR during the forecast period. The growth of the segment can be attributed to the several health benefits associated with herbs, such as garlic, parsley, oregano, fennel, peppermint, and basil. Consumers across the globe are increasingly using these herbs for their taste and their exceptional medicinal properties. For instance, garlic is most often used for its strong aroma and unique flavour; however, it is also very effective in treating the common flu and similar illnesses. It is also helpful in the treatment of hypertension and cardiovascular diseases.

Based on the spices segment, pepper, ginger, cinnamon, cumin, turmeric, coriander, cardamom, cloves, nutmeg, mace, Mustard powder, and others Pepper is predicted to account for a major portion of the global spice and seasoning market and to continue its dominance during the forecast period. The increased appeal of pepper's flavour and expanding consumer knowledge of its health advantages are driving category expansion. The growing emphasis of pepper-producing countries on digitalization is projected to promote expansion even further. Olam International, for example, uses an integrated smart agricultural system to produce black pepper in Vietnam and Brazil. This system includes automatic drip irrigation, weather stations, and real-time monitoring. The advantages of such software solutions would be numerous. It will guarantee real-time monitoring that can assure product safety, which is expected to contribute to the segment's growth. Based on the herb types, they include garlic, Oregano, Mint, Parsley, Rosemary, Fennel, Basil, thyme, and others. At the global level, garlic has the highest market share, and oregano will grow at the highest CAGR rate. Oregano and its active compounds are subject to ongoing research that unveils new health benefits or applications. If scientific discoveries highlight novel uses for oregano, it could spur market growth. Oregano is a classic topping for pizza, especially in traditional Italian Margherita pizza, where it complements the tomato sauce and fresh mozzarella. Furthermore, oregano is a prominent herb in Greek cuisine. It is used in dishes like Greek salads, souvlaki, moussaka, and roasted vegetables.

The application segment includes meat and poultry products, Snacks and convenience foods, Soups, sauces, and dressings, bakery and confectionery, frozen products, beverages, and others. At the global level, meat and poultry products are leading the market, and snacks and convenience foods are growing. Snacks and convenience foods offer a wide range of flavour profiles, including spicy, savoury, and tangy. The use of spices and seasoning herbs enhances these flavours, making them more appealing to consumers. Consumers are seeking personalised and customised snacking options. Spices and herbs provide opportunities for creating unique flavour combinations that cater to individual preferences. Nature types include conventional and organic; at the global level, conventional is leading the market; in the future, organic will grow at the highest revenue market CAGR rate during the forecast period. As the organic agriculture sector expands, there is an increase in the supply of organic spices and herbs. This leads to improved availability and affordability of organic products, attracting more consumers to the organic segment. Distribution channels include foodservice and retail; among them, the Retail channel is leading the market, and foodservice will grow at the highest CAGR rate. Tourism and international travel expose people to different cuisines and flavours from around the world. Travellers may develop preferences for specific spices and herbs used in the dishes they try during their journeys. However, the growth of food delivery and takeout services has increased the accessibility of foodservice offerings to a broader consumer base. Spices and herbs are used to enhance the flavours of these delivered meals.

Considered in this report

• Geography: Global
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report

• Global Spices and seasoning herbs market Overview with its value and forecast along with its segments
• Country-wise Spices and seasoning herbs market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Region covered in the report:

• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa

By Products Type

• Spices
• Herbs

By Spices Type

• Pepper
• Ginger
• Cinnamon
• Cumin
• Turmeric
• Coriander
• Cardamom
• Cloves
• Nutmeg & mace
• Mustard Powder
• Others (Onion Powder, Allspice, angelica, anise, asafoetida, caraway, sesame, lovage, marjoram, saffron, sorrel, star anise, spearmint, tarragon, etc.)

By Herbs Type:

• Garlic
• Oregano
• Mint
• Parsley
• Rosemary
• Fennel
• Basil
• Thyme
• Other herbs (bay leaves, Sage, Savoury)

By Application Type:

• Meat & poultry products
• Snacks & convenience food
• Soups, sauces, and dressings
• Bakery & confectionery
• Frozen products
• Beverages
• Others (Pickles and Chutneys, Dips and Spreads, Health Supplements, Pet Food, Baby Food, etc.)

By Nature Types:

• Conventional
• Organic

By Sales Channel:

• Foodservice
• Retail

The approach of the report:

This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations, and organisations related to the artificial lawn industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.



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