Spices and Seasonings Market Share, Size, Trends, Industry Analysis Report, By Type (Pepper, Capsicum, Ginger, Cinnamon, Cumin, Turmeric, Nutmeg & Mace, Cardamom, Coriander, Cloves, Others); Application; Nature (Organic, Conventional); By Region; Segment

Spices and Seasonings Market Share, Size, Trends, Industry Analysis Report, By Type (Pepper, Capsicum, Ginger, Cinnamon, Cumin, Turmeric, Nutmeg & Mace, Cardamom, Coriander, Cloves, Others); Application; Nature (Organic, Conventional); By Region; Segment Forecast, 2022 - 2030

The global spices and seasonings market size is expected t-reach USD 34.71 billion by 2030 according t-a new study by Polaris Market Research. The report “Spices and Seasonings Market Share, Size, Trends, Industry Analysis Report, By Type (Pepper, Capsicum, Ginger, Cinnamon, Cumin, Turmeric, Nutmeg & Mace, Cardamom, Coriander, Cloves, Others); Application; Nature (Organic, Conventional); By Region; Segment Forecast, 2022 – 2030” gives a detailed insight int-current market dynamics and provides analysis on future market growth.

Increased demand for health and wellness products and purchasers’ willingness t-pay a premium for new flavors and ethnic tastes are tw-significant reasons driving industry expansion. With consumers growing more health-conscious, specific spices and herbs replace sugar, salt, and artificial additives. The three leading causes boosting demand for the market are natural flavoring, organic foods, and safe dietary supplements. Seasonings and other products that claim t-have natural components help firms attract more customers.

The entire natural ingredients industry is driven by the “health and wellness” trend. Consumers are turning t-natural alternatives in response t-rising rates of lifestyle-related ailments such as cardiovascular disease, obesity, osteoporosis, and diabetes. Furthermore, the popular perception of the negative consequences of consuming synthetic substances has further warned consumers. Natural ingredients are thought t-positively impact overall health, whereas synthetic compounds have some adverse effects. As a result, food makers have quickly responded by replacing synthetic components with natural alternatives, either entirely or partially.

Based on nature, the conventional segment accounted for the leading share in the industry in 2021. This is due t-its target customers’ easy access t-it at reasonable pricing. However, during the projected year, the organic format of the industry is expected t-acquire more popularity, with sales increasing at a significant rate.

With the increased demand for packaged and convenience foods in several nations, food processors’ salt usage will rise. The table salt manufacturing industry has a significant concentration of industry share. This is due t-the industry’s leading competitors expanding their product lines and production capacity levels and K+S Group’s purchase of Morton Salt, which allowed the company t-expand its production scale.

Major players such as Associated British Foods, Worlee Gruppe, Friedrich Ingredients, Ajinomot-Co., Inc, Kerry Group, McCormick & Company, Inc., Moguntia Food Group AG, Ariake Japan Company, Olam International, Pacific Spice Company, Dohler Group, AKO GmbH, Sensient Technologies Corporation, SHS Group, and Zhumadian Wang Shouyi are some key players operating in the global industry.

Polaris Market Research has segmented the spices and seasonings market report on the basis of type, application, nature, and region:

Spices and Seasonings, Type Outlook (Revenue – USD Billion, 2018 – 2030)

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

Spices and Seasonings, Application Outlook (Revenue – USD Billion, 2018 – 2030)

• Meat & Poultry Products
• Snacks & Convenience Food
• Soups, Sauces, and Dressings
• Bakery & Confectionery
• Frozen Products
• Beverages
• Others

Spices and Seasonings, Nature Outlook (Revenue – USD Billion, 2018 – 2030)

• Organic
• Conventional

Spices and Seasonings, Regional Outlook (Revenue – USD Billion, 2018 – 2030)

• North America
• U.S.
• Canada
• Europe
• France
• Germany
• UK
• Italy
• Spain
• Netherlands
• Austria
• Asia Pacific
• China
• India
• Japan
• Malaysia
• South Korea
• Indonesia
• Latin America
• Mexico
• Brazil
• Argentina
• Middle East & Africa
• UAE
• Saudi Arabia
• Israel
• South Africa