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

Report Code: PMI510323 | Publish Date: May 2024 | No. of Pages: 172

Spices And Seasonings Market Overview

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.

Spices and Seasonings are added to the food for improving its flavor and taste. Ginger, chives and coriander are some of the examples of seasonings while, spices are dried and grounded plant material. Garlic powder, black pepper, cinnamon, rosemary, oregano are some examples of spices.

Growing food industries has provided lucrative opportunities in market growth. Growing demand for ready to mix spices and disposable income has further, facilitated the demand for Spices and Seasonings market growth. Growing trend towards home cooked food and demand for ethnic food has fruitful the demand for Spices and Seasonings market growth.

Spices And Seasonings Market Dynamics

Growing demand for healthy food products and growing strategic partnerships

Growing demand for healthy food products and growing strategic partnerships has become the major factor in market growth. Growing customer preference towards healthy and natural food product with wholesome nutrition has further, facilitated the demand for Spices and Seasonings market growth. Growing strategic partnerships to expand the business growth with new launch of product is expected to provide lucrative opportunities in Spices and Seasonings market growth.

For instance, in April 2023, McCormick brand and Tabitha Brown expanded its partnership with launch of new “Sunshine Seasoning” with five salt free vegan seasoning products such as, McCormic Very Good Garlic All Purpose Seasoning – loaded with garlic to add salt free, savory flavor to pasta, veggies, marinara sauce and more. McCormic Like Sweet Like Smoky All Purpose Seasoning – brings irresistible blend of sweet flavor to meal, and also brings smoky flavor to food. McCormic Burger Business Seasoning Mix – a savory salt free mix made with spices and herbs, veggies and brings natural hickory smoky flavor to all types of burgers. McCormic Taco Business Seasoning Mix – a salt free mix made with cumin, paprika and chili peppers. McCormic Saute Business Seasoning Mix – a salt free mix with fragrant spices like ginger, garlic, cinnamon with sesame oil for to add flavor. This partnership of launch of new products has brought consumer to make easy and healthy meals improved flavor.

Restrains:

However, negative effects of excess consumption of spicy food such as it affects digestive system with heartburn, acid reflux, cause acute gastritis and thus, slows down the digestion rate which restrain the demand for market growth. Further, COVID pandemic slow down the market due to labor shortage, government restrictions, import delays which in turn, hampered the demand for Spices and Seasonings market growth.

Spices And Seasonings Market Segmentation

Spices and Seasonings Market Segmentation

Spices and Seasonings Market is segmented based on Product, Form, Distribution Channel and Region.

Product Insight

  • On the basis of Product, Spices and Seasonings Market is segmented into Herbs, Spices, Salt & Salts Substitute. Spices product segment is expected to dominate target market growth as it produce various types of flavors easily, whereas turmeric, cinnamon, pepper are commonly used spices with medicinal benefits.

Form Insights

  • On the basis of Form, Spices and Seasonings Market is segmented into Powder, Whole, Crushed. Powder form segment is expected to dominate the target market growth due to growing demand for powdered spices in hotels, restaurants, ready-to-mix packet and consumer preference towards hot and spicy food meal has owed food service centers, hotels to use various types of powdered seasonings and powdered spices.

Distribution Channel Insights

  • On the basis of Distribution Channel, Spices and Seasonings Market is segmented into Retail, Foodservice. Foodservice distribution channel is expected to dominate the target market growth because, multi-cuisine restaurants, hotels, and other food service centers offer wide variety of spices and seasonings in their dishes as customer tend of dine out is growing rapidly.

Regional Insights:

  • On region the Spices and Seasonings Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period. Growing consumption of hot and spicy foods with seasoning, high disposable income, emergence of various brands of herbs and spices, increasing social media marketing and promotional activities, existing spice trade, is anticipated to increase demand for Spices and Seasonings in the region.
  • India has become the world’s largest producer, consumer and exporter of spices due to availability of favorable climatic conditions and abundant natural resources. For instance, according to IBEF (INDIA BRAND EQUITY FOUNDATION), India export spices and spices products to 180 destinations with top destinations such as USA, China, Bangladesh, UAE, UK, Germany, Indonesia, Sri Lanka, Thailand, Malaysia and comprised of more than 70% of total earnings in 2020 to 2021. United States of America imported spices of Rs.4,65,000.00 lakhs (US$ 586.8 Million) in 20-21 from India. The main spice products imported by USA from India are curry powder, celery, chilli, cumin, garlic, fenugreek, fennel and mint products.

Spices and Seasonings Market Report Scope:

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Product - Herbs, Spices, Salt & Salts Substitute

By Form - Powder, Whole, Crushed

By Distribution Channel - Retail, Foodservice

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Spices and Seasonings Market report based on Product, Form, Distribution Channel and Region:

Spices and Seasonings Market, By Product:

  • Herbs
  • Mint
  • Oregano
  • Garlic
  • Fennel
  • Rosemary
  • Parsley
  • Others
  • Spices
  • Turmeric
  • Cloves
  • Cumin
  • Ginger
  • Pepper
  • Cardomom
  • Cinnamon
  • Coriander
  • Others
  • Salt & Salt Substitutes

Spices and Seasonings Market, By Form:

  • Powder
  • Whole
  • Crushed

Spices and Seasonings Market, By Distribution Channel:

  • Retail
  • Foodservice

Spices and Seasonings Market, By Region:

  • North America
    • Middle East & Africa
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
    • Latin America
        • Brazil
        • Mexico
        • Rest of Latin America
    • Asia Pacific
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Europe
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
      • U.S.
      • Canada

Spices And Seasonings Market Key Players

The key players operating 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.

Spices And Seasonings Market Key Issues Addressed

  • In December 2022, (India) Licious a Benagluru based company forayed into spice segment with launch of new range of meat masalas. New launched product includes, Classic Chicken Masala, Asli Garam Masala, Shandaar Butter Chicken Masala, Classic Meat Masala, Chatpata Fish Fry Masala, Khansama Biryani Masala, Dakshin Pepper Fry Masala and Original Tandoor Chicken Masala.
  • In January 2023, (India) Tata Sampann launched its new blended spice range in Karnataka. New launched spice range includes, Masala rice mix, Puliyogare, Sambar Masala and Malabar chicken with authentic flavors.
  • In November 2022, Bart Ingredients launched new range of environment friendly refill cartons across 19 spice and herb lines for seasonings. Each carton includes Thyme, Chilli Flakes, Smoked Paprika, Black Peppercorns and Himalayan Pink Salt.

Spices And Seasonings Market Company Profile

  • Ajinomoto Co, Inc.*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Everest Spices
  • Associated British Foods plc.
  • Baria Pepper
  • Bart Ingredients
  • Kerry
  • ARIAKE JAPAN CO, LTD.
  • DS Group
  • Dohler Group
  • McCormick & Company Inc.

“*” marked represents similar segmentation in other categories in the respective section

Spices And Seasonings Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Product
      • Market Snippet, By Form
      • Market Snippet, By Distribution Channel
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Market Segmentation, By Product
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
      • Y-o-Y Growth Analysis (%), 2024 – 2034
      • Segment Trends
    • Herbs
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
    • Spices
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
    • Salt and Salts Substitute
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
  6. Market Segmentation, By Form, 2024 – 2034, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
      • Y-o-Y Growth Analysis (%), 2024 – 2034
      • Segment Trends
    • Powder
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
    • Whole
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
    • Crushed
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
  7. Market Segmentation, By Distribution Channel, 2024 – 2034, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
      • Y-o-Y Growth Analysis (%), 2024 – 2034
      • Segment Trends
    • Retail
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
    • Foodservice
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
  8. Global Market, By Region, 2024 – 2034, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
      • Y-o-Y Growth Analysis (%), 2024 – 2034
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Product, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Form, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Distribution Channel, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Product, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Form, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Distribution Channel, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Product, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Form, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Distribution Channel, 2024 – 2034
      • Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
          • Latin America
            • Market Size and Forecast (US$ Bn), By Product, 2024 – 2034
            • Market Size and Forecast (US$ Bn), By Form, 2024 – 2034
            • Market Size and Forecast (US$ Bn), By Distribution Channel, 2024 – 2034
            • Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
              • Brazil
              • Mexico
              • Rest of Latin America
              • Middle East & Africa
                • Market Size and Forecast (US$ Bn), By Product, 2024 – 2034
                • Market Size and Forecast (US$ Bn), By Form, 2024 – 2034
                • Market Size and Forecast (US$ Bn), By Distribution Channel, 2024 – 2034
                • Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
                  • GCC
                  • Israel
                  • South Africa
                  • Rest of Middle East
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  10. Company Profiles
  • Ajinomoto Co, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Everest Spices
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Associated British Foods plc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Baria Pepper
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Bart Ingredients
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Kerry
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • ARIAKE JAPAN CO, LTD.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • DS Group
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Dohler Group
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • McCormick & Company Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The Spices and Seasonings Market is segmented into Product, Form, Distribution Channel and Region.

Spices and Seasonings Market is driven by factors like growing demand for healthy food products and growing strategic partnerships.

By region, the Spices and Seasonings market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating 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.

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.