Global Spices and Flavors Market Growth 2024-2030

Global Spices and Flavors Market Growth 2024-2030

A spice is a substance that is used to flavor food and is derived from a dried plant and usually a seed, bark, or root part and is normally ground and powdered; although in some cases they may be whole seeds.

The global Spices and Flavors market size is projected to grow from US$ 19600 million in 2024 to US$ 26550 million in 2030; it is expected to grow at a CAGR of 5.2% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Spices and Flavors Industry Forecast” looks at past sales and reviews total world Spices and Flavors sales in 2023, providing a comprehensive analysis by region and market sector of projected Spices and Flavors sales for 2024 through 2030. With Spices and Flavors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Spices and Flavors industry.

This Insight Report provides a comprehensive analysis of the global Spices and Flavors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Spices and Flavors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Spices and Flavors market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Spices and Flavors and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Spices and Flavors.

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 20%, followed by Europe and India, both have a share over 30% percent.

In terms of product, Aromatic Spices is the largest segment, with a share over 40%. And in terms of application, the largest application is Food Processing Industry, followed by Catering Industry.

This report presents a comprehensive overview, market shares, and growth opportunities of Spices and Flavors market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Salt & Salt Substitutes
Hot Spices
Aromatic Spices
Others

Segmentation by Application:
Food Processing Industry
Catering Industry
Household
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
McCormick
Unilever
Ajinomoto
Ariake
Kerry Plc. (Ireland)
Olam International
Everest Spices
Zhumadian Wang Shouyi
MDH Spices
Catch(DS )
Nestle
Brucefoods
Sensient Technologies (U.S.)
Ankee Food
Haitian

Key Questions Addressed in this Report

What is the 10-year outlook for the global Spices and Flavors market?

What factors are driving Spices and Flavors market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Spices and Flavors market opportunities vary by end market size?

How does Spices and Flavors break out by Type, by Application?



Please note: The report will take approximately 2 business days to prepare and deliver.