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Spices and herbs such as ginger, cinnamon, red chillies, coriander, salt, mint, thyme, nutmeg, turmeric, and pepper, among many others are being extensively used in Indian cuisine due to rising demand for spicy foods. Many consumers in different regions are becoming increasingly passionate about Asian food and cooking them at their homes, which has driven the demand for spices and seasonings.
Moreover, the increasing demand for spice blends in the food industry and residential sector has augmented the spices and seasonings market growth as blended spices, with their complex flavour layers, are very convenient and can be utilised for many different applications. It also allows the user to save time.
The strong presence of young people, higher preferences for cooking food at home, and rapidly growing fast food businesses across regions have pushed the demand for packaged, frozen, and convenience food consumption further. This has also impacted the market’s growth in a positive way.
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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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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