USD 27.93 billion
Spices and Seasonings Market Size, Share, and Growth Analysis
Spices and Seasonings Market By Type (Pepper, Capsicum), By Nature (Conventional, Organic), By Application (Meat & poultry products, Snacks & convenience food), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG30B2056 |
Region:
Global |
Published Date: January, 2025
Pages:
181
|Tables:
102
|Figures:
71
Format -
Spices and Seasonings Market Insights
Global Spices and Seasonings Market size was valued at USD 27.93 billion in 2023 and is poised to grow from USD 29.49 billion in 2024 to USD 45.61 billion by 2032, growing at a CAGR of 5.6% during the forecast period (2025-2032).
Rising globalization of culinary traditions and preferences is slated to primarily drive up the demand for spices and seasonings over the coming years. Surging demand for convenience and ready-to-eat meals as people continue to opt for busy lifestyles is also estimated to boost the sales of spices and seasonings in the future. Growing awareness regarding the health benefits associated with certain spices and seasonings is also expected to help bolster market development going forward. Rapid expansion of the food and beverages industry and growing demand for food products are also slated to promote the global spices and seasonings market growth in the long run. Rising health consciousness among people is also creating high demand for organic spices and seasonings. On the contrary, fluctuations in raw material pricing, stringent regulatory requirements, logistical challenges in exports, and availability of synthetic alternatives are slated to be key restraints for spices and seasonings suppliers across the study period.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Retail
Fastest Growth
Foodservice
Growth Rate
5.6% CAGR
Global Spices and Seasonings Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Spices and Seasonings Market Segments Analysis
Global Spices and Seasonings Market is segmented by Type, Nature, Application and region. Based on Type, the market is segmented into Pepper, Capsicum, Ginger, Cinnamon, Cumin, Turmeric, Nutmeg & mace, Cardamom, Cloves and Others. Based on Nature, the market is segmented into Conventional and Organic. Based on Application, the market is segmented into Meat & poultry products, Snacks & convenience food, Soups, sauces, and dressings, Bakery & confectionery, Frozen products, Beverages and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Product
Spices are forecasted to account for the largest global spices and seasonings market share going forward. The extensive use of spices in all cuisines around the world and their essential function in giving food its taste makes them an unmissable segment in this market. Evolving consumer preferences and globalization of culinary traditions are also expected to boost the demand for novel spices around the world. Pepper, turmeric, coriander, cardamom, cumin, and mustard are some of the most popular spices used extensively around the world. The majority of spices in the world come from the Asia Pacific region.
Meanwhile, the demand for salt and salt substitutes is slated to rise at a notable CAGR across the study period and beyond. Growing incidence of diseases associated with high salt consumption is driving up the demand for salt substitutes around the world. The launch of new types of salts such as sea salt, Himalayan salt, pink salt, and black salt is expected to help this segment generate new opportunities for spices and seasoning vendors in the future. High incidence of cardiovascular diseases and hypertension are also estimated to offer new opportunities for salt substitute providers over the coming years.
Analysis by End Use
The retail segment is estimated to account for a major chunk of the global spices and seasonings market share in the future. Growing preference of consumers to cook various recipes from the comfort of their homes and high availability of multiple recipes on the internet are helping boost sales of spices and seasonings via retail channels. Moreover, the high availability of a wide variety of spices and seasonings in hypermarkets, supermarkets, and grocery stores is also contributing to the dominance of this segment. Willingness of consumers around the world to try out new cuisines and flavors is also expected to help this segment cement its dominance in the long run.
On the other hand, the demand for spices and seasonings in foodservice segment is expected to rise at an impressive pace. Increasing number of ethnic and fusion cuisine restaurants around the world is expected to help boost sales of spices and seasonings over the coming years. Growing number of immigrant chefs capitalizing on the popularity of cuisines such as India, Thai, Vietnamese, Middle Eastern, etc. In Western countries are also slated to boost spices and seasoning demand. Moreover, increasing use of novel flavors in multiple food & beverage manufacturing companies is also slated to help this segment generate new business scope in the future.
Global Spices and Seasonings Market By End Use
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Spices and Seasonings Market Regional Insights
The Asia-Pacific region is slated to emerge as the leading supplier of spices and seasonings in the world going forward. The presence of key spice producing countries, rising number of spices and seasoning exports, and increasing globalization are key factors helping this region maintain its dominant stance. Moreover, the presence of a strong food processing industry and supportive government initiatives to boost exports of spices are also cementing the high revenue generation of this region. China, India, Thailand, and Vietnam are forecasted to be the most opportune markets for spices and seasonings companies not just in this region but on a global level as well.
On the other hand, Europe is emerging as a highly opportune market for spices and seasonings suppliers. Increasing inclination of young Europeans to try out new cuisines and rising popularity of fusion foods are expected to help boost sales of spices and seasonings in this region. Eastern Mediterranean, North African, Eastern and Southeast Asian, and Indian cuisines are gaining immense popularity in European countries, which in turn, is also slated to drive the consumption of spices and seasonings going forward. The United Kingdom, Germany, France, and Italy are forecasted to emerge as the most rewarding markets for spices and seasonings companies looking to make a mark in this region.
Global Spices and Seasonings Market By Region
- Largest
- Fastest
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Spices and Seasonings Market Dynamics
Drivers
High Demand for Convenience Foods
- Growing demand for ready-to-eat and convenience foods owing to increasing adoption of hectic and busy lifestyles around the world is slated to bolster the global spices and seasonings market outlook in the future. Pre-mixed spice blends and seasonings are especially popular among busy consumers looking for quick meal solutions without compromising on taste.
Globalization of Culinary Traditions
- Globalization has led to immense popularity and the intermingling of multiple culinary traditions and preferences. This increased exposure of people to multiple cuisines is forecasted to bolster the demand for a diverse set of spices and seasonings such as turmeric, paprika, cumin, and oregano over the coming years.
Restraints
Fluctuations in Raw Material Pricing
- Spices and seasonings are completely dependent on agricultural produce, which is subject to multiple changing factors such as climate, pests, and crop diseases that negatively impact crop yields. This unpredictability and volatility in raw material pricing is expected to impede the sales of spices and seasonings across the study period and beyond.
Logistical Challenges in Export
- Not all spices and seasonings are found everywhere in the world, which is why most of them are exported and imported from different countries. However, the global trade of spices often faces logistical issues, such as long transit times, inadequate storage conditions, and fluctuating transportation costs, thereby impeding the demand for spices and seasonings through 2031.
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Spices and Seasonings Market Competitive Landscape
Spice and seasoning manufacturers are expected to focus on diversifying their sales channels to maximize revenue generation going forward. Use of natural preservatives is also a key trend that is slated to gain traction among spices and seasoning suppliers in the future. The use of attractive branding and marketing strategies can help spices and seasoning vendors boost their sales potential through 2031 and beyond.
Top Players in Spices and Seasonings Market
- McCormick & Company, Inc. (United States)
- Kerry Group plc (Ireland)
- Ajinomoto Co., Inc. (Japan)
- Associated British Foods plc (United Kingdom)
- Sensient Technologies Corporation (United States)
- Olam International (Singapore)
- Cargill, Incorporated (United States)
- Dohler GmbH (Germany)
- Baria Pepper (Vietnam)
- DS Group (India)
- Everest Spices (India)
- British Pepper & Spice (United Kingdom)
- House Foods Group Inc. (Japan)
- Watkins Incorporated (United States)
- ARIAKE JAPAN Co., Ltd. (Japan)
- SHS Group (United Kingdom)
- Worlee Group (Germany)
- Kikkoman Corporation (Japan)
- Prymat Sp. z o.o. (Poland)
Recent Developments
- In September 2024, iD Fresh Food, a leading provider of fresh food products in India announced its foray into the spice market with the launch of new spice products. The company launched Pure Spice – Red Chilli Powder, Blended Spice – Garam Masala, and Sambar Powder to maximize its business scope in the country.
- In September 2024, Mob, a company focusing on making cooking easy and enjoyable for people announced the launch of its new seasoning sachets in collaboration with Flava It!. The new seasoning sachets were made available in Aldi stores across the United Kingdom.
- In September 2021, Olam Food Ingredients, a globally renowned supplier of natural and sustainable ingredients announced the launch of its new range of spice blends. These 17 ready-to-use clean-label spice dry blends capitalize on the increasing eagerness of consumers to try new cuisines in the North American region.
Spices and Seasonings Key Market Trends
- Development of Spice Blends: Popularity and demand for spice blends is rising rapidly around the world as they are an easy way to incorporate multiple flavors in recipes. Garam masala, taco seasoning, and Italian herb mixes are some popular spice blends that are gaining traction and have the potential to boost revenue generation for spices and seasonings companies in the long run.
- Functional Spices and Seasonings: Spices and seasoning manufacturers should focus on incorporating functional ingredients in their offerings to improve their adoption. Turmeric for its anti-inflammatory properties or cinnamon for blood sugar regulation are some popular examples of how spices are being used as superfoods. Targeting this spices and seasonings market trend can help companies attract health consciousness audience to boost their sales potential.
Spices and Seasonings Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the globalization of culinary traditions and rising demand for convenience foods are key factors promoting the demand for spices and seasonings. However, the logistical challenges in export and fluctuations in raw material pricing are expected to hamper sales of spices and seasonings in the future. The Asia Pacific region is estimated to emerge as the leading name in the global spices and seasonings industry owing to the presence of key spice producers and exporters such as India, Vietnam, and Thailand. Development of spice blends and functional spices and seasonings are slated to offer new opportunities for spices and seasoning providers in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 27.93 billion |
| Market size value in 2032 | USD 45.61 billion |
| Growth Rate | 5.6% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Spices and Seasonings Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Spices and Seasonings Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Spices and Seasonings Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Spices and Seasonings Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Spices and Seasonings Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Spices and Seasonings Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Spices and Seasonings Market Report Snapshots
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