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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Spices and Seasoning Market Share
Spices and herbs are highly used in home cooking due to their distinct flavour profiles
Based on type, the market includes spices, herbs, salts and substitutes, where the spice segment holds the largest share of the market owing to the nutritional benefits that are associated with the spices. Spices, such as pepper, cardamom, cinnamon, clove, nutmeg, and turmeric are used to add flavours, aroma, and colour to various dishes of Indian, Middle Eastern, and Asian cuisines.
Herbs like thyme, basil, oregano, parsley are also a significant part of the spices and seasonings market as these are commonly used in various cuisines, particularly in Mediterranean, Italian, and Middle Eastern dishes to enhance aroma and flavour. The demand for herbs is driven by the growing popularity of international dishes, such as pizza and pasta.
Salt and salt substitutes, on the other hand, is used to enhance the taste of food, while salt substitutes are used to reduce sodium content in dishes. The salt and salt substitutes segment includes products such as table salt, sea salt, Himalayan pink salt, and salt-free seasoning blends. As per spices and seasoning market analysis, the demand for salt substitutes is driven by the growing awareness of the negative health effects of excessive sodium consumption.
Powdered forms are expected to hold the largest market share, driven by their ease of use and wide availability
Spices and seasoning come in whole, crushed, and powder formats. The powdered segment accounts for larger share owing to its wide range of applications in the food and beverage industry. The demand for powdered spices is also increasing in the market due to the rising preference of consumers for flavoured and spicy foods.
Whole spices are expected to experience rapid growth during the forecast period, driven by their ability to provide a more authentic flavor to dishes. Moreover, the spices and seasonings market share of whole spices can increase in the future due to rising level of adulteration in powder spices. Whole spices, such as rosemary, mint, ginger, clove, cardamom, and parsley are commonly used in curries, dips, sauces, condiments, entrées, and snacks across the globe.
On the other hand, crushed spices are used to add texture and aroma to various dishes, and include products such as crushed black pepper, crushed red pepper, and crushed garlic. Crushed spices are also preferred for their ability to provide a more intense flavour to dishes.
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 2023.
The market is expected to grow at a CAGR of 5.6% between 2024 and 2032.
The market is expected to attain a value of USD 45.61 billion by 2032.
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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