Spices and Seasonings Market is estimated to be US$ 67.7 Billion by 2034; Growing Food Industries to Fuel Market Growth

Spices and Seasonings are added to the food to get delicious taste and flavor. India has become the world’s largest producer, consumer and exporter of spices. Black pepper has become the cheapest spice in the world while saffron is the most expensive spice in the world.Beneficial properties of spices in controlling weight, to prevent diabetes & high BP, to keep lungs and heart healthy has provided lucrative opportunities in market growth. Deep flavors and flavorsome food obtained by spices & seasonings has further, facilitated the demand for Spices and Seasonings market growth. Spices and Seasonings Market was valued at USD 37.4 Billion in 2024 and is projected to grow at a CAGR of 5.8% to reach USD 67.7 Billion by 2034.

The report “Spices and Seasonings Market, By Product (Herbs, Spices, Salt & Salts Substitute), By Form (Powder, Whole, Crushed), By Distribution Channel (Retail, Foodservice), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

 Key Highlights:

• In July 2022, (India) Emami Agrotech Ltd., launched new branded spices across India at Rs 700 to 1000 cr sales within 3 to 5 years. The company has 700 of distributors which covers 2 lakhs outlets and planned to expand its business in spice market. In May 2022, Jhaveri Spices Pvt. Ltd., launched various new spice blends such as Kitchen King Masala, Rajashahi Garam Masala and Pav Bhaji Masala made with custom blends and high quality ingredients.

• In February 2021, Kerry acquired China’s Jining Nature Group a flavor and seasoning manufacturer to expand its business with savory offering in Asia Pacific region. This acquisition will strengthen the Kerry’s portfolio in market.

Analyst View:

Growing population and demand for food has given the positive impact on market growth. Growing number of hotels, restaurants and rising demand for ready-to-mix spices product is expected to fruitful the demand for Spices and Seasonings market growth.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Spices and Seasonings Market, By Product (Herbs, Spices, Salt & Salts Substitute), By Form (Powder, Whole, Crushed), By Distribution Channel (Retail, Foodservice), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

Key Market Insights from the report:

Spices and Seasonings Market was valued at USD 37.4 Billion in 2024 and is projected to grow at a CAGR of 5.8% to reach USD 67.7 Billion by 2034. The Spices and Seasonings Market is segmented based on Product, Form, Distribution Channel and Region.

• Based on Product, Spices and Seasonings Market is segmented into Herbs, Spices, Salt & Salts Substitute.
• Based on Form, Spices and Seasonings Market is segmented into Powder, Whole, Crushed.
• Based on Distribution Channel, Spices and Seasonings Market is segmented into Retail, Foodservice.
• By Region, the Spices and Seasonings Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of Spices and Seasonings Market:

The prominent players operating in the Spices and Seasonings Market includes, Ajinomoto Co, Inc., Everest Spices, Associated British Foods plc., Baria Pepper, Bart Ingredients, Kerry, ARIAKE JAPAN CO, LTD., DS Group, Dohler Group, McCormick & Company Inc., and others.

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