Spices and Seasonings Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Spices and Seasonings Market
The spices and seasonings market size were valued at USD 19.30 billion in 2023, and the market is now projected to grow from USD 20.19 billion in 2024 to USD 29.57 billion by 2032, exhibiting a CAGR of 4.89% during the forecast period of 2024-2032.
In 2020, major marketplace players experienced a modest lower in sales from the Spices and Seasonings class. McCormick & Company Inc., one of the world's main spice corporations, had a three.5% discount in sales for its flavor solutions area in 2020 from 2019. The COVID-19 interruption decreased call for from eating place and branded foodservice customers, leading to a fall in sales. As the spice quarter recovers from the publish-covid19 crisis, new possibilities for sustainable spices and food protection are probable to emerge, allowing the industry to resume ordinary operations.
Digitalization is turning into an increasing number of tremendous in the purchase of spices and herbs. New supply chain technologies, which include sensors, virtual tools, and on-line activities, aim to boom transparency and sustainability. Farmers international use digital technology like cellphones, sensors, drones, and satellites. Spice and herb farmers can gain from era which includes far off soil measuring, better water control, pest and sickness forecasting, and crop monitoring. The digitization of spice and herb production in emerging international locations is probable to extend the worldwide spices and seasonings market growth within the destiny years.
Customers often select herbal and healthy objects, which includes spices and seasonings. Consumers are extra inquisitive about the origins and production strategies of their merchandise. Consumers in industrialized countries prioritize sustainable sourcing to make sure deliver chain security, product pleasant, and the livelihoods of spice growers. Sustainably grown spices and herbs are gaining marketplace share in various locations as certification turns into extra extensively common. Consumers want healthier alternatives that offer each taste and nutritional blessings, inclusive of natural and non-GMO merchandise. This fashion is projected to dramatically increase spice and seasoning income in both established and emerging international locations.
Comprehensive Analysis of Spices and Seasonings Market
Pepper dominates the global spice and seasoning market due to its health benefits and popularity. Digitalization and the rise of chili powder blends are driving growth. The pandemic has increased demand for immune-boosting spices, and the segment is expanding into savory snacks and convenience foods. The bakery and confectionery sectors are also seeing growth, with spice-mixing specialists assisting in product customization. The frozen foods segment is also experiencing growth, with premium herbs and seasonings gaining popularity.
The North America region lead the spices and seasonings market share by benefitting a market size of USD 7.81 billion in 2023 due to North America is a major player in the Spices and Seasonings industry. The region's growing popularity of convenience and ethnic cuisines has driven the market growth. Local manufacturers are introducing innovative products, such as the Pioneer Woman's custom seasonings. The growing demand for food fusion and smoked spices, such as smoked paprika, cumin, and peppers, is also contributing to the market. The growing popularity of these spices is expected to drive the market in the future.
Some prominent competitors control the industry by strategic decisions, market share, and a robust product range. The market's main companies are McCormick & Company, Inc., Olam International, and Ajinomoto Co., Inc. Key players aim to address expanding customer demand by developing novel and genuine tastes. These players work with ingredient makers to create unique goods. Key firms are expanding their production capacity and products in food and beverage sectors such as snacks, meats, and bakeries.
May 2023: Kraft Heinz Co. launches Just Spices in the United States. Spice mixes are widely accessible in supermarket, retail, and internet retailers.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 4.89% from 2024 to 2032
Unit Value (USD billion)
Segmentation By Type
Pepper
Chili
Ginger
Cinnamon
Cumin
Turmeric
Nutmeg and Mace
Cardamom
Cloves
Others
By Application
Meat and Poultry
Bakery and Confectionery
Frozen Foods
Snacks & Convenience Foods
Others
By Geography
North America (By Type, Application, and By Country)
- U.S. (By Application)
- Canada (By Application)
- Mexico (By Application)
Europe (By Type, Application, and By Country)
- Germany (By Application)
- France (By Application)
- Spain (By Application)
- Italy (By Application)
- U.K. (By Application)
- Rest of Europe (By Application)
Asia Pacific (By Type, Application, and By Country)
- China (By Application)
- Japan (By Application)
- India (By Application)
- Australia (By Application)
- Rest of Asia Pacific (By Application)
South America (By Type, Application, and By Country)
- Brazil (By Application)
- Argentina (By Application)
- Rest of South America (By Application)
Middle East & Africa (By Type, Application, and By Country)
- South Africa (By Application)
- UAE (By Application)
- Rest of ME&A (By Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Overview on the Parent/Related Market
- 4.1.1. Analysis on Supply and Demand of Condiments
- 4.2. Supply Chain and Regulatory Analysis
- 4.3. Recent Industry Developments – Policies, Mergers, Partnership & Acquisition
- 4.4. Market Analysis and Insights (in Relation with COVID-19)
- 5. Global Spices and Seasonings Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Type (Value)
- 5.2.1.1. Pepper
- 5.2.1.2. Chili
- 5.2.1.3. Ginger
- 5.2.1.4. Cinnamon
- 5.2.1.5. Cumin
- 5.2.1.6. Turmeric
- 5.2.1.7. Nutmeg and Mace
- 5.2.1.8. Cardamom
- 5.2.1.9. Cloves
- 5.2.1.10. Others
- 5.2.2. By Application (Value)
- 5.2.2.1. Meat and Poultry
- 5.2.2.2. Bakery and Confectionery
- 5.2.2.3. Frozen Food
- 5.2.2.4. Snacks & Convenience Food
- 5.2.2.5. Others
- 5.2.3. By Region (Value)
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. Asia Pacific
- 5.2.3.4. South America
- 5.2.3.5. Middle East & Africa
- 6. North America Spices and Seasonings Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Type (Value)
- 6.2.1.1. Pepper
- 6.2.1.2. Chili
- 6.2.1.3. Ginger
- 6.2.1.4. Cinnamon
- 6.2.1.5. Cumin
- 6.2.1.6. Turmeric
- 6.2.1.7. Nutmeg and Mace
- 6.2.1.8. Cardamom
- 6.2.1.9. Cloves
- 6.2.1.10. Others
- 6.2.2. By Application (Value)
- 6.2.2.1. Meat and Poultry
- 6.2.2.2. Bakery and Confectionery
- 6.2.2.3. Frozen Food
- 6.2.2.4. Snacks & Convenience Food
- 6.2.2.5. Others
- 6.2.3. By Country (Value)
- 6.2.3.1. The U.S.
- 6.2.3.1.1. By Application (Value)
- 6.2.3.1.1.1. Meat and Poultry
- 6.2.3.1.1.2. Bakery and Confectionery
- 6.2.3.1.1.3. Frozen Food
- 6.2.3.1.1.4. Snacks & Convenience Food
- 6.2.3.1.1.5. Others
- 6.2.3.2. Canada
- 6.2.3.2.1. By Application (Value)
- 6.2.3.2.1.1. Meat and Poultry
- 6.2.3.2.1.2. Bakery and Confectionery
- 6.2.3.2.1.3. Frozen Food
- 6.2.3.2.1.4. Snacks & Convenience Food
- 6.2.3.2.1.5. Others
- 6.2.3.3. Mexico
- 6.2.3.3.1. By Application (Value)
- 6.2.3.3.1.1. Meat and Poultry
- 6.2.3.3.1.2. Bakery and Confectionery
- 6.2.3.3.1.3. Frozen Food
- 6.2.3.3.1.4. Snacks & Convenience Food
- 6.2.3.3.1.5. Others
- 7. Europe Spices and Seasonings Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Type (Value)
- 7.2.1.1. Pepper
- 7.2.1.2. Chili
- 7.2.1.3. Ginger
- 7.2.1.4. Cinnamon
- 7.2.1.5. Cumin
- 7.2.1.6. Turmeric
- 7.2.1.7. Nutmeg and Mace
- 7.2.1.8. Cardamom
- 7.2.1.9. Cloves
- 7.2.1.10. Others
- 7.2.2. By Application (Value)
- 7.2.2.1. Meat and Poultry
- 7.2.2.2. Bakery and Confectionery
- 7.2.2.3. Frozen Food
- 7.2.2.4. Snacks & Convenience Food
- 7.2.2.5. Others
- 7.2.3. By Country (Value)
- 7.2.3.1. Germany
- 7.2.3.1.1. By Application (Value)
- 7.2.3.1.1.1. Meat and Poultry
- 7.2.3.1.1.2. Bakery and Confectionery
- 7.2.3.1.1.3. Frozen Food
- 7.2.3.1.1.4. Snacks & Convenience Food
- 7.2.3.1.1.5. Others
- 7.2.3.2. France
- 7.2.3.2.1. By Application (Value)
- 7.2.3.2.1.1. Meat and Poultry
- 7.2.3.2.1.2. Bakery and Confectionery
- 7.2.3.2.1.3. Frozen Food
- 7.2.3.2.1.4. Snacks & Convenience Food
- 7.2.3.2.1.5. Others
- 7.2.3.3. Spain
- 7.2.3.3.1. By Application (Value)
- 7.2.3.3.1.1. Meat and Poultry
- 7.2.3.3.1.2. Bakery and Confectionery
- 7.2.3.3.1.3. Frozen Food
- 7.2.3.3.1.4. Snacks & Convenience Food
- 7.2.3.3.1.5. Others
- 7.2.3.4. Italy
- 7.2.3.4.1. By Application (Value)
- 7.2.3.4.1.1. Meat and Poultry
- 7.2.3.4.1.2. Bakery and Confectionery
- 7.2.3.4.1.3. Frozen Food
- 7.2.3.4.1.4. Snacks & Convenience Food
- 7.2.3.4.1.5. Others
- 7.2.3.5. U.K.
- 7.2.3.5.1. By Application (Value)
- 7.2.3.5.1.1. Meat and Poultry
- 7.2.3.5.1.2. Bakery and Confectionery
- 7.2.3.5.1.3. Frozen Food
- 7.2.3.5.1.4. Snacks & Convenience Food
- 7.2.3.5.1.5. Others
- 7.2.3.6. Rest of Europe
- 7.2.3.6.1. By Application (Value)
- 7.2.3.6.1.1. Meat and Poultry
- 7.2.3.6.1.2. Bakery and Confectionery
- 7.2.3.6.1.3. Frozen Food
- 7.2.3.6.1.4. Snacks & Convenience Food
- 7.2.3.6.1.5. Others
- 8. Asia Pacific Spices and Seasonings Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.1.1. By Type (Value)
- 8.1.1.1. Pepper
- 8.1.1.2. Chili
- 8.1.1.3. Ginger
- 8.1.1.4. Cinnamon
- 8.1.1.5. Cumin
- 8.1.1.6. Turmeric
- 8.1.1.7. Nutmeg and Mace
- 8.1.1.8. Cardamom
- 8.1.1.9. Cloves
- 8.1.1.10. Others
- 8.1.2. By Application (Value)
- 8.1.2.1. Meat and Poultry
- 8.1.2.2. Bakery and Confectionery
- 8.1.2.3. Frozen Food
- 8.1.2.4. Snacks & Convenience Food
- 8.1.2.5. Others
- 8.1.3. By Country (Value)
- 8.1.3.1. China
- 8.1.3.1.1. By Application (Value)
- 8.1.3.1.1.1. Meat and Poultry
- 8.1.3.1.1.2. Bakery and Confectionery
- 8.1.3.1.1.3. Frozen Food
- 8.1.3.1.1.4. Snacks & Convenience Food
- 8.1.3.1.1.5. Others
- 8.1.3.2. Japan
- 8.1.3.2.1. By Application (Value)
- 8.1.3.2.1.1. Meat and Poultry
- 8.1.3.2.1.2. Bakery and Confectionery
- 8.1.3.2.1.3. Frozen Food
- 8.1.3.2.1.4. Snacks & Convenience Food
- 8.1.3.2.1.5. Others
- 8.1.3.3. India
- 8.1.3.3.1. By Application (Value)
- 8.1.3.3.1.1. Meat and Poultry
- 8.1.3.3.1.2. Bakery and Confectionery
- 8.1.3.3.1.3. Frozen Food
- 8.1.3.3.1.4. Snacks & Convenience Food
- 8.1.3.3.1.5. Others
- 8.1.3.4. Australia
- 8.1.3.4.1. By Application (Value)
- 8.1.3.4.1.1. Meat and Poultry
- 8.1.3.4.1.2. Bakery and Confectionery
- 8.1.3.4.1.3. Frozen Food
- 8.1.3.4.1.4. Snacks & Convenience Food
- 8.1.3.4.1.5. Others
- 8.1.3.5. Rest of APAC
- 8.1.3.5.1. By Application (Value)
- 8.1.3.5.1.1. Meat and Poultry
- 8.1.3.5.1.2. Bakery and Confectionery
- 8.1.3.5.1.3. Frozen Food
- 8.1.3.5.1.4. Snacks & Convenience Food
- 8.1.3.5.1.5. Others
- 9. South America Spices and Seasonings Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.1.1. By Type (Value)
- 9.1.1.1. Pepper
- 9.1.1.2. Chili
- 9.1.1.3. Ginger
- 9.1.1.4. Cinnamon
- 9.1.1.5. Cumin
- 9.1.1.6. Turmeric
- 9.1.1.7. Nutmeg and Mace
- 9.1.1.8. Cardamom
- 9.1.1.9. Cloves
- 9.1.1.10. Others
- 9.1.2. By Application (Value)
- 9.1.2.1. Meat and Poultry
- 9.1.2.2. Bakery and Confectionery
- 9.1.2.3. Frozen Food
- 9.1.2.4. Snacks & Convenience Food
- 9.1.2.5. Others
- 9.1.3. By Country (Value)
- 9.1.3.1. Brazil
- 9.1.3.1.1. By Application (Value)
- 9.1.3.1.1.1. Meat and Poultry
- 9.1.3.1.1.2. Bakery and Confectionery
- 9.1.3.1.1.3. Frozen Food
- 9.1.3.1.1.4. Snacks & Convenience Food
- 9.1.3.1.1.5. Others
- 9.1.3.2. Argentina
- 9.1.3.2.1. By Application (Value)
- 9.1.3.2.1.1. Meat and Poultry
- 9.1.3.2.1.2. Bakery and Confectionery
- 9.1.3.2.1.3. Frozen Food
- 9.1.3.2.1.4. Snacks & Convenience Food
- 9.1.3.2.1.5. Others
- 9.1.3.3. Rest of South America
- 9.1.3.3.1. By Application (Value)
- 9.1.3.3.1.1. Meat and Poultry
- 9.1.3.3.1.2. Bakery and Confectionery
- 9.1.3.3.1.3. Frozen Food
- 9.1.3.3.1.4. Snacks & Convenience Food
- 9.1.3.3.1.5. Others
- 10. Middle East and Africa Spices and Seasonings Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.1.1. By Type (Value)
- 10.1.1.1. Pepper
- 10.1.1.2. Chili
- 10.1.1.3. Ginger
- 10.1.1.4. Cinnamon
- 10.1.1.5. Cumin
- 10.1.1.6. Turmeric
- 10.1.1.7. Nutmeg and Mace
- 10.1.1.8. Cardamom
- 10.1.1.9. Cloves
- 10.1.1.10. Others
- 10.1.2. By Application (Value)
- 10.1.2.1. Meat and Poultry
- 10.1.2.2. Bakery and Confectionery
- 10.1.2.3. Frozen Food
- 10.1.2.4. Snacks & Convenience Food
- 10.1.2.5. Others
- 10.1.3. By Country (Value)
- 10.1.3.1. South Africa
- 10.1.3.1.1. By Application (Value)
- 10.1.3.1.1.1. Meat and Poultry
- 10.1.3.1.1.2. Bakery and Confectionery
- 10.1.3.1.1.3. Frozen Food
- 10.1.3.1.1.4. Snacks & Convenience Food
- 10.1.3.1.1.5. Others
- 10.1.3.2. UAE
- 10.1.3.2.1. By Application (Value)
- 10.1.3.2.1.1. Meat and Poultry
- 10.1.3.2.1.2. Bakery and Confectionery
- 10.1.3.2.1.3. Frozen Food
- 10.1.3.2.1.4. Snacks & Convenience Food
- 10.1.3.2.1.5. Others
- 10.1.3.3. Rest of ME&A
- 10.1.3.3.1. By Application (Value)
- 10.1.3.3.1.1. Meat and Poultry
- 10.1.3.3.1.2. Bakery and Confectionery
- 10.1.3.3.1.3. Frozen Food
- 10.1.3.3.1.4. Snacks & Convenience Food
- 10.1.3.3.1.5. Others
- 11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Spices and Seasonings Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2023
- 12. Company Profiles
- 12.1. McCormick & Company, Inc.
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Application Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Kerry Group Plc
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Application Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. Watkins Incorporated
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Application Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. Olam International
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Application Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. Associated British Foods PLC
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Application Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. Ajinomoto Co., Inc.
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Application Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. Sensient Technologies Corporation
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Application Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. ARIAKE Japan Co. Ltd.
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Application Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. SHS Group
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Application Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. Worlée Group
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Application Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 13. Strategic Recommendations
- 14. Appendix
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