Leading Spices and Seasonings Country Markets Databank
The Spices and Seasonings market was valued at $13,215.2 Million in 2020, and is projected to reach $22,445.5 Million by 2029 growing at a CAGR of 6.12% from 2021 to 2029. Asia-Pacific is expected to be the highest contributor to this market, with $4,783.9 Million in 2020, and is anticipated to reach $8,989.7 Million by 2029, registering a CAGR of 7.31%. Asia-Pacific and Europe collectively expected to account for about 60.8% share of the Spices and Seasonings market in 2020, with the former constituting around 36.2% share. Asia-Pacific and Europe are expected to witness significant growth rates at a CAGR of 7.31% and 5.12% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 60.8% in the overall Spices and Seasonings market in 2020, and is anticipated to reach 62.7% by 2029.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook