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Spices and Seasonings Market

Global Spices and Seasonings Market Share, Size, Trends: By Type: Spices, Herbs, Salts and Salts Substitutes; By Form: Whole, Crushed, Powder; By Application: Bakery and Confectionery, Meat and Poultry, Snacks and Convenience Foods, Others; By Distribution Channel; Regional Analysis; Competitive Landscape; 2024-2032

Global Spices and Seasonings Market Outlook

The global spices and seasonings market size reached a value of more than USD 27.93 billion in 2023. The global market is expected to grow at a CAGR of 5.6% during the forecast period of 2024-2032, likely to attain a value of USD 45.61 billion by 2032.

 

spices and seasonings market

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Global Spices and Seasonings Market Trends

Spices are aromatic flavouring ingredients extracted from seeds, bark, rhizomes, and fruits, among other parts of plants. These are added in certain amounts to achieve an intended flavour.

 

  • The rising implementation of encapsulation technology in the flavouring market can significantly propel the market value. Encapsulation processes are utilised by manufacturers to capture the active flavour compounds and create an invisible microfilm around the core flavour.
  • Increasing demand for spice blends for home cooking and in the food industry can aid the market growth. Blended spices, with their complex flavour layers, are very convenient and can be  tilized for many different applications. It also allows the user to save time and add savoury flavours to the food.
  • Spices such as ginger, cinnamon, and pepper, among many others, are growing in demand. The market can receive a significant boost with the increasing demand for Asian foods. Many consumers in different regions are becoming increasingly passionate about Asian food and cooking them at their homes.

 

Global Spices and Seasonings Market Analysis

Based on type, the market can segment spices, herbs, salts and substitutes. Among these segments, spices are further divided into pepper, ginger, cinnamon, cumin, turmeric, coriander, cardamom, and cloves, among others. The herbs segment is further divided into garlic, oregano, mint, parsley, rosemary, and fennel, among others. 

 

Based on the form, the market can be bifurcated into whole, crushed, and powder. Based on application, the market can be categorised into bakery and confectionery, meat and poultry, snacks and convenience foods, soups, sauces, dressings, beverages, and frozen products, among others. 

 

Based on the distribution channel, the market can be divided into offline and online. The regional markets for the spices and seasonings market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. 

 

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following major spices and seasonings companies, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans. 

 

  • McCormick & Company, Incorporated
  • Olam International Limited.
  • Ajinomoto Co., Inc.
  • Kerry Group plc
  • SHS Group
  • Others

 

spices and seasonings market by segments

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Types of Spices that are Available in the Market

Based on type, the market includes spices, herbs, salts and substitutes. Among these types, the spice segment holds the largest share of the market owing to the nutritional benefits that are associated with the spices. In addition, due to the global presence of market players, people are increasingly being exposed to different and flavourful food.

 

Spices are increasingly used in food products as they can easily create different and complex flavours, and the increasing demand from food service establishments can significantly propel the market growth.

 

Powdered Forms are Expected to Hold the Largest Market Share

The forms of the product include whole, crushed, and powder. The market for the powder segment is expected to proliferate significantly during the forecast period owing to the wide range of applications in the food and beverage industry.

 

Food service providers around the world are utilising powdered spices of different types to add flavour, taste, and colour to the dishes. The demand for powdered spices is also increasing in the market due to the rising preference of consumers for hot and spicy foods.

 

spices and seasonings market by region

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Competitive Landscape

McCormick & Company, Incorporated is a global leading company engaged in manufacturing and distributing spices and extracts, and other flavouring products to retail outlets, food manufacturers, and food service businesses.

 

The company is counted among the Fortune 500 companies and its sales services are provided across 170 countries. The company is headquartered in Maryland, United States, and they actively procure spices and herbs from 80 different countries.

 

Olam International Limited is a major food and agri-business company which operates in over 60 countries to supply food ingredients, industrial raw materials, feed and fibre. The company was founded in 1989 and has developed its expertise in various products, such as cocoa, coffee, dairy, nuts, and spices. Olam International is one of the Fortune Global 500 companies in the world.

 

Ajinomoto Co., Inc. is a leading multinational food and biotechnology corporation. It is a Japanese company that has been operating with an aim to innovate with amino acids to create products and services that will help people with delicious meals. The company has a wide range of products related to seasonings, processed foods, sports nutrition, animal nutrition, coffee products, powder beverages, frozen foods, and sweeteners.

 

Other key market players include Kerry Group plc and SHS Group, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Form
  • Application
  • Distribution Channel
  • Region
Breakup by Type
  • Spices
  • Herbs
  • Salts and Salts Substitutes
Breakup by Form
  • Whole
  • Crushed
  • Powder
Breakup by Application
  • Bakery and Confectionery
  • Meat and Poultry
  • Snacks and Convenience Foods
  • Soups, Sauces, and Dressings
  • Beverages
  • Frozen Products
  • Others
Breakup by Distribution Channel
  • Offline
  • Online
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • McCormick & Company, Incorporated
  • Olam International Limited.
  • Ajinomoto Co., Inc.
  • Kerry Group plc
  • SHS Group
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface  
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Spices and Seasonings Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Spices and Seasonings Historical Market (2018-2023) 
    8.3    Global Spices and Seasonings Market Forecast (2024-2032)
    8.4    Global Spices and Seasonings Market by Type
        8.4.1    Spices
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2023)
            8.4.1.3    Forecast Trend (2024-2032)
            8.4.1.4    Breakup by Type
                8.4.1.4.1    Pepper
                8.4.1.4.2    Ginger
                8.4.1.4.3    Cinnamon
                8.4.1.4.4    Cumin
                8.4.1.4.5    Turmeric
                8.4.1.4.6    Coriander
                8.4.1.4.7    Cardamom
                8.4.1.4.8    Cloves
                8.4.1.4.9    Others
        8.4.2    Herbs
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2023)
            8.4.2.3    Forecast Trend (2024-2032)
            8.4.2.4    Breakup by Type
                8.4.2.4.1    Garlic
                8.4.2.4.2    Oregano
                8.4.2.4.3    Mint
                8.4.2.4.4    Parsley
                8.4.2.4.5    Rosemary
                8.4.2.4.6    Fennel
                8.4.2.4.7    Others
        8.4.3    Salts and Salts Substitutes 
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2023)
            8.4.3.3    Forecast Trend (2024-2032)
    8.5    Global Spices and Seasonings Market by Form
        8.5.1    Whole
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2023)
            8.5.1.3    Forecast Trend (2024-2032)
        8.5.2    Crushed
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2023)
            8.5.2.3    Forecast Trend (2024-2032)
        8.5.3    Powder
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2023)
            8.5.3.3    Forecast Trend (2024-2032)
    8.6    Global Spices and Seasonings Market by Application
        8.6.1    Bakery and Confectionery 
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2023)
            8.6.1.3    Forecast Trend (2024-2032)
        8.6.2    Meat and Poultry 
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2023)
            8.6.2.3    Forecast Trend (2024-2032)
        8.6.3    Snacks and Convenience Foods
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2023)
            8.6.3.3    Forecast Trend (2024-2032)
        8.6.4    Soups, Sauces, and Dressings
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2023)
            8.6.4.3    Forecast Trend (2024-2032)
        8.6.5     Beverages
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2023)
            8.6.5.3    Forecast Trend (2024-2032)
        8.6.6    Frozen Products
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2018-2023)
            8.6.6.3    Forecast Trend (2024-2032)
        8.6.7    Others
    8.7    Global Spices and Seasonings Market by Distribution Channel
        8.7.1    Offline 
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2023)
            8.7.1.3    Forecast Trend (2024-2032)
        8.7.2    Online
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2023)
            8.7.2.3    Forecast Trend (2024-2032)
    8.8    Global Spices and Seasonings Market by Region
        8.8.1    North America
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2023) 
            8.8.1.3    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2023) 
            8.8.2.3    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2023) 
            8.8.3.3    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2023) 
            8.8.4.3    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2018-2023) 
            8.8.5.3    Forecast Trend (2024-2032)
9    North America Spices and Seasonings Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2023) 
        9.1.3    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2023) 
        9.2.3    Forecast Trend (2024-2032)
10    Europe Spices and Seasonings Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2023) 
        10.1.3    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2023) 
        10.2.3    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2023) 
        10.3.3    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2023) 
        10.4.3    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Spices and Seasonings Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2023) 
        11.1.3    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2023) 
        11.2.3    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2023) 
        11.3.3    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2023) 
        11.4.3    Forecast Trend (2024-2032)
    11.5    Bangladesh
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2023) 
        11.5.3    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Spices and Seasonings Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2023) 
        12.1.3    Forecast Trend (2024-2032)
    12.2    Mexico
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2023) 
        12.2.3    Forecast Trend (2024-2032)
    12.3    Argentina
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2023) 
        12.3.3    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Spices and Seasonings Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2023) 
        13.1.3    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2023) 
        13.2.3    Forecast Trend (2024-2032)
    13.3    South Africa
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2023) 
        13.3.3    Forecast Trend (2024-2032)
    13.4    Nigeria
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2023) 
        13.4.3    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    McCormick & Company, Incorporated
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Olam International Limited.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Ajinomoto Co., Inc.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Kerry Group plc
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    SHS Group
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Spices and Seasonings Market: Key Industry Highlights, 2018 and 2032
2.    Global Spices and Seasonings Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Spices and Seasonings Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Spices and Seasonings Historical Market: Breakup by Form (USD Billion), 2018-2023
5.    Global Spices and Seasonings Market Forecast: Breakup by Form (USD Billion), 2024-2032
6.    Global Spices and Seasonings Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7.    Global Spices and Seasonings Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
8.    Global Spices and Seasonings Historical Market: Breakup by Application (USD Billion), 2018-2023
9.    Global Spices and Seasonings Market Forecast: Breakup by Application (USD Billion), 2024-2032
10.    Global Spices and Seasonings Historical Market: Breakup by Region (USD Billion), 2018-2023
11.    Global Spices and Seasonings Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.    North America Spices and Seasonings Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    North America Spices and Seasonings Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Europe Spices and Seasonings Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Europe Spices and Seasonings Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Asia Pacific Spices and Seasonings Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Asia Pacific Spices and Seasonings Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Latin America Spices and Seasonings Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Latin America Spices and Seasonings Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Middle East and Africa Spices and Seasonings Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Middle East and Africa Spices and Seasonings Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Global Spices and Seasonings Market Structure

Key Questions Answered in the Report

What was the market size of the global spices and seasonings market in 2023?

The global market for spices and seasonings reached a size of USD 27.93 billion in 2023.

What will be the global spices and seasonings market growth rate during 2024-2032?

The market is expected to grow at a CAGR of 5.6% during the forecast period of 2024-2032.

What will be the global spices and seasonings market value in 2032?

The market is expected to attain a value of USD 45.61 billion by 2032.

Which major global spices and seasonings market drivers are propelling the growth?

The market growth is driven by the growing demand and popularity of Asian cuisine around the world and the incorporation of encapsulation technology to extend the shelf life of spices.

What are the key trends in the global spices and seasonings market?

The increasing utilisation of spices by food service providers and the rising demand for spice blends in home cooking and the production of various food products is expected to deliver significant growth opportunities to the market.

 

What are the major regional markets?

The regional markets include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

What are the types of spices and seasonings available in the market?

The types of spices available in the market include spices, herbs, and salts and substitutes, among others.

What are the forms of spices and seasonings in the market?

The forms of spices and seasonings utilized by end-users include whole, crushed, and powder.

What are the applications of spices and seasonings?

Spices and seasoning find extensive applications in bakery and confectionery, meat and poultry, snacks and convenience foods, soups, sauces, dressings, beverages, and frozen products, among others.

What are the distribution channels for spices and seasonings?

The distribution channels for spices and seasonings in the market include offline and online channels.

Who are the key players in the spices and seasonings market, according to the report?

The key players in the market include McCormick & Company, Incorporated, Olam International Limited., Ajinomoto Co., Inc., Kerry Group plc, and SHS Group, among others.

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