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Report Overview
The global spices and seasonings market reached a value of more than USD 27.93 Billion in 2024. The global market is expected to grow at a CAGR of 5.60% during the forecast period of 2025-2034, likely to attain a value of USD 48.16 Billion by 2034.
2024
Base Year
2018-2024
Historical Period
2025-2034
Forecast Period
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As per industry reports, India was the world's largest exporter of spices in 2023, with exports reaching USD 3.89 billion.
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Turkey was the eighth-biggest exporter of spices in 2023, with a value of USD 294.72 million.
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Spices production in India grew from 67.64 lakh tonnes in 2015 to 106.79 lakh tonnes in 2021, with an annual growth rate of 7.9%.
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In 2021, spices like garlic (14.7%), ginger (7.5%), fennel (6.8%), coriander (6.2%), fenugreek (5.8%), red chilies (4.2%), and turmeric (1.3%) showed significant growth rates in production.
Leading Manufacturers in the Spices and Seasoning Market
Market players are focused on are leveraging technology and digital marketing strategies to reach more consumers and build brand loyalty
McCormick & Company, Incorporated is 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 have sales across 170 countries. The company was founded in 1889 and is based in Maryland, United States.
Olam International Limited, based in Marina South, Singapore, 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.
Ajinomoto Co., Inc. is a leading multinational food and biotechnology corporation. It was founded in 1917 and is headquartered in Tokyo, Japan. The company offers seasonings, food flavours, processed foods, sports nutrition, animal nutrition, coffee products, powder beverages, frozen foods, and sweeteners.
Kerry Group plc was founded in 1972 and is headquartered in Tralee, Ireland. The company is a leading provider of taste and nutrition solutions for the food, beverage, and pharmaceutical markets in over 80 countries. Its offers dairy ingredients and consumer products, such as functional proteins and nutritional bases, as well as savoury and sweet flavours.
Other key players in the spices and seasoning market report include SHS Group, among others.
Spices and Seasonings Market Report Snapshots
Spices and Seasonings Market Size
Spices and Seasonings Market Growth
Spices and Seasonings Market Trends
Spices and Seasonings Market Share
Spices and Seasonings Manufacturers
Spices and Seasonings Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The spices and seasonings market reached a value of USD 27.93 Billion in 2024.
The market is expected to grow at a CAGR of 5.60% between 2025 and 2034.
The market is expected to attain a value of USD 48.16 Billion by 2034.
The market growth is driven by the growing demand and popularity of Asian cuisine around the world, rapidly growing e-commerce sectors, and the incorporation of encapsulation technology to extend the shelf life of spices.
Key trends aiding market expansion include the increasing utilisation of spices by food service providers, the rising demand for spice blends in home cooking, and increasing sales of organic spices and herbs.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The types of spices and seasonings available in the market include spices, herbs, and salts and substitutes, among others.
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.
The common distribution channels for spices and seasonings in the market include offline and online channels.
Key players in the market are McCormick & Company, Incorporated, Olam International Limited., Ajinomoto Co., Inc., Kerry Group plc, and SHS Group, among others.
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