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Spices and Seasonings Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Global Spices and Seasonings Market: By Type (Hot Spices, Mild Spices, Aromatic Spices, and Herbs); By Seasoning Type (Salts, Pepper, Sugar and Light Flavored Sweeteners, Acids); By Distribution Channel (Online and Offline); By Application (Meat & poultry products, Snacks & convenience food, Soups, sauces, and dressings, Bakery & confectionery, Others); By End User (Residential and Commercial); and By Region—Industry Dynamics, Market Size, Opportunity and Forecast for 2022–2030

  • Published On: 26-Sep-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0922303
    Delivery: 2 to 4 Hours
Spices and Seasonings Market

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A spice is a seed, fruit, root, bark, or other plant substance primarily used for flavouring or colouring food whereas an ingredient used to prepare food before it is cooked is called as seasonings.

Asian cuisines such as Thai, Indian, Chinese, and Vietnamese use a wide range of spices and herbs to give the food a distinct flavour.

The rising demand of Spices and Seasonings is because of the rising population and specific spices and herbs are replacing sugar, salt, and artificial additives as consumers become more health conscious.

The Global Spices and Seasonings market is projected to grow at a CAGR of 7.7% during the forecast period 2022-2030 and is expected to reach US$ 47,678.1 Mn by 2030.

Demand for ready-to-use, packaged spice brands has grown by a double-digit percentage because of changing consumer lifestyles and rising packaged spice demand.

The offline segment holds largest CAGR in the Global Spices and Seasonings market during the forecast period.

Asia-Pacific region is growing with the fastest CAGR during the forecast period. 

Climate conditions is a restraining factor which inhibits the growth of the Spices and Seasonings market during the forecast period.  

India holds the major share in term of revenue in the North America Spices and Seasonings market.

Type, Seasoning Type, Distribution Channel, Application, End Users, and region are the different segments in the global Spices and Seasonings market.

McCormick & Company, Inc. (US), Olam International (Singapore), Ajinomoto Co. Inc. (Japan), Associated British Foods plc (UK), Kerry Group plc (Ireland), Sensient Technologies Corporation (US), Döhler Group (Germany), SHS Group (Ireland), Worlée Gruppe (Germany), Watkins Incorporated (U.S), Ariake Japan Co. Ltd (Japan), MDH (India)among others.

79% of Market share is held by major players which are McCormick & Company, Inc. (US), Olam International (Singapore), Ajinomoto Co. Inc. (Japan), Associated British Foods plc (UK), Kerry Group plc (Ireland).