Global Seasonings and Spices Market 2024 by Company, Regions, Type and Application, Forecast to 2030
According to our (Global Info Research) latest study, the global Seasonings and Spices market size was valued at USD 18720 million in 2023 and is forecast to a readjusted size of USD 23270 million by 2030 with a CAGR of 3.2% during review period.
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.
Global Spices and Seasonings key players include Nestle, JDE, The Kraft Heinz, Tata Global Beverages, Unilever, etc. Global top five manufacturers hold a share over 40%.
China is the largest market, with a share over 23%, followed by Europe and India, bo