Global Dried Spices Market Size, Share & Trends Analysis Report By Source (Natural and Organic), By Form (Powder, Whole, and Granules), By Application, By Product Type, By Regional Outlook and Forecast, 2023 - 2030

Global Dried Spices Market Size, Share & Trends Analysis Report By Source (Natural and Organic), By Form (Powder, Whole, and Granules), By Application, By Product Type, By Regional Outlook and Forecast, 2023 - 2030

The Global Dried Spices Market size is expected to reach $14.7 billion by 2030, rising at a market growth of 4.4 % CAGR during the forecast period. In the year 2022, the market attained a volume of 4,21,949.8 tonnes, experiencing a growth of 4.6% (2019-2022).

Cumin is recognized for its potential digestive and anti-inflammatory properties, aligning with the increasing consumer focus on wellness and natural ingredients. In addition, cumin is a key ingredient in many traditional dishes from regions such as the Middle East, South Asia, and Latin America. Consequently, the Cummin segment would generate approximately 12.97 % share of the market by 2030. The demand for cumin-infused flavors has surged as global palates become more adventurous. Hence, the segment will expand rapidly in the coming years.

Many dried spices are known to be rich sources of antioxidants. By neutralizing free radicals in the body, antioxidants contribute to reducing oxidative stress and mitigating chronic disease risk. Spices such as turmeric, cinnamon, and cloves are renowned for their antioxidant content. Hence, these factors can lead to increased demand for dried spices.

Additionally, Social media platforms, especially visually centric ones like Instagram and Pinterest, leverage the power of images to create a feast for the eyes. Shareable content featuring vibrant, visually appealing dishes with unique flavor combinations captivates audiences and stimulates sensory curiosity. Hence, these aspects will boost the demand for dried spices.

However, Adulteration involves intentionally adding inferior or cheaper substances to dried spices to increase volume or weight, compromising the quality of the final product. Adulteration can dilute the spices' flavor, aroma, and nutritional value, leading to substandard products that do not meet consumer expectations. Therefore, these factors can limit the expansion of the market.

By Source Analysis

Based on source, the market is segmented into natural and organic. In 2022, the organic segment garnered an 18.51 % revenue share in the market. Organic certifications such as USDA Organic and EU Organic assure consumers of the authenticity of organic dried spices. Transparency in labeling and supply chain information further enhances consumer confidence. Likewise, consumers increasingly view organic dried spices as elevating their culinary experiences. Therefore, these factors can help in the expansion of the segment.

By Form Analysis

Based on form, the market is divided into powder, granules, and whole. The powder segment recorded the 55.40 % revenue share in the market in 2022. Powdered spices offer unparalleled convenience and ease of use in culinary applications. The pre-ground nature of these spices eliminates the need for time-consuming grinding or processing, making them readily accessible for quick and efficient seasoning in various dishes. Therefore, the segment will witness increased growth in the upcoming years.

By Application Analysis

On the basis of application, the market is divided into food & beverage industry, foodservice industry, and retail. In 2022, the foodservice industry segment witnessed a 36.49 % revenue share in the market. The increasing demand for authentic and globally inspired flavors is a significant driver for the growth of the food service segment in the dried spices market. Consumers seeking diverse and immersive dining experiences are drawn to restaurants and eateries that incorporate various spices in their cuisines. Therefore, these factors will lead to enhanced growth in the segment.

By Product Type Analysis

On the basis of product type, the market is divided into pepper, ginger, cinnamon, cumin, turmeric, cardamom, cloves, nutmeg & mace, and others. The pepper segment recorded the 22.46 % revenue share in the dried spices market in 2022. Pepper, a versatile spice, is an essential ingredient in diverse global cuisines. Its widespread use in various culinary traditions, from Asian and Mediterranean to Latin American cuisines, contributes to consistent demand. Thus, these aspects can assist in the growth of the segment.

By Regional Analysis

By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2022, the Europe segment acquired a 30.35% revenue share in the market. Europe, known for its rich culinary heritage, continues to embrace a diverse range of cuisines. Consumers in the region exhibit a growing interest in exploring global flavors, leading to an increased demand for a wide variety of dried spices to enhance and diversify their culinary experiences. Hence, these factors can boost the demand in the segment.

Recent Strategies Deployed in the Market

• Mar-2023: Frontier Cooperative's Simply Organic brand has unveiled an array of fresh offerings, including four innovative dry rubs and marinade blends with global inspirations, along with three new artisanal finishing salts curated by top chefs. The lineup features enticing options such as Chimichurri Marinade Mix, Teriyaki Marinade Mix, Buffalo Dry Rub, and Cajun Dry Rub, complemented by Organic Black Garlic Finishing Salt, Organic Hatch Chile Smoked Finishing Salt, and Organic Citrus Rosemary Finishing Salt.
• Jun-2022: The DS Group has recently completed the acquisition of The Good Stuff Pvt Ltd, which is the proud owner of LuvIt Chocolate and confectionery brand. This strategic move by DS Group is aimed at enhancing its chocolate portfolio, broadening its range of products, and tapping into new consumer markets, thus reinforcing its presence in the industry.
• Oct-2021: Olam Food Ingredients, a subsidiary of Olam Group Limited, has entered into a partnership with Agri-Neo Inc., a pioneering company specializing in food safety technology. This partnership aims to leverage Ofi's dominant position in the dried onions market alongside Agri-Neo's expertise in pasteurization technology. Together, they seek to introduce the industry's inaugural organically pasteurized dried onions.
• Sep-2021: Olam Food Ingredients, a prominent global player in natural and sustainable ingredients and solutions, has introduced the inaugural assortment in its fresh spice blends series titled "Blends of the Americas." This initial lineup comprises 17 conveniently pre-mixed dry blends, offering food manufacturers and retailers a straightforward, transparent label solution for achieving consistent and authentic flavors. Among the featured blends are "Spicy Citrus Coast," a contemporary Mexican fusion incorporating scorpion chili, ground red pepper, and lime; "Warm Sedona Sunset," a Southwestern blend imbued with a balance of sweet and spicy notes from turmeric, ginger, cinnamon, and green cardamom; and "Citrus Habanero Jerk," which infuses a distinct Jamaican flavor profile through a blend of allspice, habanero, and lime.
• Sep-2021: Sauer Brands Inc. has completed the acquisition of Mateo's Gourmet Salsa, a renowned salsa brand crafted from entirely natural ingredients. This acquisition is part of Sauer Brands' strategy to incorporate Mateo's Gourmet Salsa into its diverse portfolio, enriching it with distinct and innovative flavors.

List of Key Companies Profiled

• Olam Group Limited
• EVEREST Food Products Pvt. Ltd.,
• Bart Ingredients Company Ltd.
• DS Group
• McCormick & Company, Inc.
• Sauer Brands
• Nestle S.A
• The Spice House
• Frontier Co-op.,
• Firmenich SA

Global Dried Spices Market Report Segmentation

By Source (Volume, Tonnes, USD Billion, 2019-2030)

• Natural
• Organic

By Form (Volume, Tonnes, USD Billion, 2019-2030)

• Powder
• Whole
• Granules

By Application (Volume, Tonnes, USD Billion, 2019-2030)

• Food & Beverage Industry
• Foodservice Industry
• Retail

By Product Type (Volume, Tonnes, USD Billion, 2019-2030)

• Pepper
• Ginger
• Cinnamon
• Cumin
• Turmeric
• Cardamom
• Cloves
• Nutmeg & Mace
• Others

By Geography

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA