Global Spices and Seasoning Market 2023-2030

Global Spices and Seasoning Market 2023-2030

Global Spices and Seasoning Market Size, Share & Trends Analysis Report by Type (Pepper, Chili, Ginger, Cinnamon, Cumin, Turmeric, Nutmeg and Mace, Cardamom, Cloves, and Others), by Application (Meat and Poultry, Bakery and Confectionery, Frozen Foods, Snacks and Convenience Foods, and Others), and by Nature (Organic and Conventional) Forecast Period (2023-2030)

The global spices and seasoning market is expected to grow at a CAGR of 5.5% during the forecast period. The market's growth is attributed to the rising awareness of health benefits across the globe. Consumers are becoming more health conscious, and they are incorporating spices such as turmeric, moringa powder, black pepper powder, cinnamon powder, ginger powder, whole cloves, and others into their daily meals. These spices are known for their antioxidant’s properties, which improves the heart health and build immunity. Hence, the key market players are focusing on providing exclusive and innovative bundle of spices to gain traction of the consumers. For instance, in March 2023, Vahdam launched the Vahdam Spices Kitchen Essentials Box, that is an assortment of 9 spices. The box will include certified organic spices such as turmeric powder, black pepper powder, cinnamon powder, ginger powder, whole cloves, cumin powder, and onion powder, among others.

Segmental Outlook

The spices and seasoning market is segmented based on type, application, and nature. Based on type, the market is sub-segmented into pepper, chilli, ginger, cinnamon, cumin, turmeric, nutmeg, mace, cardamom, cloves, and others. Based on the application, the market is augmented into meat and poultry, bakery and confectionery, frozen foods, snacks and convenience foods, and others. Further, based on the nature, the market is bifurcated into organic and conventional. Among the type segment, the pepper sub-segment is anticipated to hold a significant market share. Peppers are known as the seasoning superstars, and consumers are increasingly seeking out specific peppers for heat, culinary authenticity, and stuffed flavors.

The Organic Sub-Segment is Anticipated to Hold a Prominent Share of The Global Spices and Seasoning Market

Among the nature, the organic sub-segment is expected to hold a prominent share of the market. The segmental growth is attributed to the rising demand for organic species and seasonings to enhance food taste across the globe. As a result of consumer demand for organic products, many companies have begun to offer organic variants of their products, such as organic vanilla bean paste and dairy-free cheese sauce mixes. Additionally, there has been a rise in organic certifications and labelling initiatives which helps consumers to identify and select organic options more easily. For instance, in March 2022, Norway, Iowa, announced the latest kitchen must-haves with its new Simply Organic Vanilla Bean Paste and Dairy-Free Cheese Sauce Mixes. The Vanilla Bean Paste is an organic flavoring paste that is available in 4oz glass jars in Q2 and 2oz in Q3. The Dairy-Free Cheese Sauce Mixes, That are vegan, gluten-free, and shelf-stable, come in three flavors and will be available in 0.85-oz pouches in Q2.

Regional Outlooks

The global spices and seasoning market is analyzed across key regions, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East and Africa, and Latin America). Among these, Europe is projected to witness a prominent growth during the forecast period, driven by the presence of leading research institutions and a strong focus on technological advancements. Additionally, there is a considerable increase in the demand for Ceylon cinnamon, owing to the discovery of new medicinal properties. As a result, the number of adulterations of this spice with cassia variety has significantly increased.

Global Spices and Seasoning Market Growth by Region 2023-2030

Source: OMR Analysis

The Asia-Pacific Region is Anticipated to Hold a Considerable Share of the Global Spices and Seasoning Market

The Asia-Pacific region is anticipated to hold a significant share in the global spices and seasoning market over the projected period. The market share is attributed to the increasing demand and trading activities for the export of spices from India. According to the India Brand Equity Foundation (IBEF), India is the globe’s largest exporter of spices and spice products. The country exported spices worth $4,102.29 million in 2021–22. Total export volumes of chilli, cumin, turmeric, and ginger in the FY22 were 0.55, 0.21, 0.15, and 0.14 million metric tons, respectively. Chilli, ginger, cardamom (small and large), coriander, turmeric, celery, cumin, fennel, fenugreek, other seeds such as ajwain seed, mustard, aniseed, nutmeg, and mace, and other spices such as asafoetida, tamarind, etc., increased in both value and volume during 2020–21. Exports of value-added products such as spice oils and oleoresins increased in both value and volume; exports of curry powder and paste increased in both value and volume; and exports of mint products increased in both value and volume. Spice exports from India increased by 6.62% to $330.46 million in September 2022. India exported 1.53 million metric tons of spices in 2021–22.Market

Market Players Outlook

The major companies serving the global spices and seasoning market include Ariake Japan Co., Ltd., Bart Ingredients Corp., Dohler GmbH, Ds Group, Everest Food Products Pvt. Ltd., and others. The market players are considerably contributing to market growth through the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in April 2023, Kraft Heinz Co. launches Just Spices in the US market, just one year after the company completed its acquisition of a majority stake in the business. Just Spices is expected to be a critical growth driver for Kraft Heinz’s Taste Elevation business, that is focused on flavor enhancement and is one of the company’s platforms for continued growth as outlined as part of its long-term strategy.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global spices and seasoning market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.