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Seasoning And Spices Market size was valued at USD 35.38 billion in 2021 and is poised to grow from USD 37.35 billion in 2022 to USD 56.88 billion by 2030, growing at a CAGR of 5.6% in the forecast period (2023-2030).

The global spices & seasonings industry is extremely fragmented and competitive, with several competitors present. Companies are becoming more competitive by enhancing their distribution networks, entering into partnerships, acquisitions, expanding into new markets, and so on. Kikkoman Corporation, McCormick & Company, Inc., Olam International, Kerry Group plc, and Sensient Technologies Corporation are among of the market's key participants. 'McCormick & Company, Inc.', 'Unilever Group', 'Ajinomoto Co., Inc.', 'Associated British Foods plc', 'Ariake Japan Co., Ltd.', 'Olam International', 'Everest Spices', 'Baria Pepper', 'Worlee Gruppe', 'Catch Foods', 'Bart Ingredients Company Ltd.', 'MDH Spices', 'Kerry Group plc', 'Fuchs North America', 'Knorr', 'The Spice House', 'Pacific Spice Company', 'The Watkins Company', 'The Spice Hunter', 'The Silk Road Spice Merchant'

Traditional foods are increasingly being included in people's everyday diets. Growth in urban retail outlets such as supermarkets and hypermarkets are likely to improve spice availability, which is expected to raise demand. Consumer lifestyles have changed as a result of urbanisation. With more job options, better discretionary money, and a rising number of working women,

Health and wellness programs to drive demand: The "health and wellness" movement drive the natural ingredients market. Consumers are turning to natural alternatives due to the rising prevalence of lifestyle-related ailments such as cardiovascular disease, obesity, osteoporosis, and diabetes. Furthermore, the media's depiction of negative effects to consume synthetic substances has forewarned consumers. As a result, food manufacturers have quickly responded totally or partially replacing synthetic components with natural alternatives.

The global seasoning and spices industry is divided into four major geographic marketplaces. While Europe has traditionally been the major seasoning and spices market and is mainly known for its cultivation. Asia Pacific on the other hand houses the leading manufacturers for spices and products. With such dynamics, the Asia Pacific regional markets are expected to prosper in the forecast period. Several food application categories in APAC drive long-term. 

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Seasoning And Spices Market

Product ID: SQMIG30D2003