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Asia Pacific Seasoning and Spices Market Size, Growth | 2031
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Asia Pacific Seasoning and Spices Market Size, Growth | 2031

Segments - Asia Pacific Seasoning and Spices Market by Product Types (Salt & Salt Substitutes, Herbs, and Spices [Black Pepper, Cardamom, Cinnamon, Clove, Nutmeg, and Others]), Applications (Bakery & Confectionery, Meat, Poultry, & Seafood, Snacks & Convenience Foods, Soups, Sauces, Salads, & Dressings, and Others), and Geography (India, Japan, China, Australia, Vietnam, and Rest of Asia Pacific) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031.

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Author : Anuradha B. More
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Fact-checked by : Vaibhav Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :FB-3668 | 4.8 Rating | 81 Reviews | 212 Pages | Format : PDF Excel PPT

Report Description


Asia Pacific Seasoning and Spices Market Outlook 2031:

The Asia Pacific seasoning and spices market size was valued at USD 4.73 Billion in 2022 and likely reach to USD 7.74 Billion by 2031, expanding at a CAGR of 5.63% during the forecast period, 2023–2031. The growth of the market is attributed to the customer inclination to experiment with new flavors and increasing interest in ethnic tastes.

Asia Pacific Seasoning and Spices Market Outlook

Spices and seasonings are added to food and beverage products to enhance aroma, texture, and taste. Spices, including cardamom, cinnamon, cloves, nuts, and peppers, are plant-based ingredients commonly used for flavor, coloring, and food preservation.

They are also widely used in medicine, cosmetics, and perfumes. Spices are a combination of salts, herbs, spices, and sugars that can be sweet, savory, acidic, or spicy. Cinnamon, paprika, and cumin are some of the most widely used spices, which are added to enhance the taste of any food.

The COVID-19 pandemic had significantly impacted the seasoning and spices across the globe, which has resulted in mass production shutdowns and supply chain disruptions. However, various research studies suggest that the use of certain spices can improve immune system and help to fight not only the COVID-19 but also many other diseases.

  • Increasing consumer demand for healthier products, convenience, and a variety of flavors is expected to drive the market growth.
  • Growing urbanization and changing lifestyle is anticipated to spur the growth of market.
  • High demand for chili combinations is expected to contribute the growth of the market.
  • Adulteration of spices can hinder the growth of the market.
  • Consumption of spices in excess can affect one’s health negatively, thus such factor can hamper the growth of the market.
  • Several spices and seasonings are prone to microbial contamination can create challenges for the market.
  • Increasing demand for health and wellness products is estimated to create lucrative opportunities during the projected timeline.

Scope of Asia Pacific Seasoning and Spices Market Report

The Asia Pacific seasoning and spices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Seasoning and Spices Market - Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Product Types (Salt & Salt Substitutes, Herbs, and Spices [Black Pepper, Cardamom, Cinnamon, Clove, Nutmeg, and Others]), Applications (Bakery & Confectionery, Meat, Poultry, & Seafood, Snacks & Convenience Foods, Soups, Sauces, Salads, & Dressings, and Others)

Geographical Scope

India, Japan, China, Australia, Vietnam, and Rest of Asia Pacific

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Kerry Inc.; Dohler Gmbh; McCormick & Company, Inc.; Sensient Natural Ingredients; and Olam International

Asia Pacific Seasoning and Spices Market Segment Insights

Spices segment is anticipated to exhibit a high CAGR

On the basis of product types, the Asia Pacific seasoning and spices market is classified as salt & salt substitutes, herbs, and spices. The spices segment is further divided into black pepper, cardamom, cinnamon, clove, nutmeg, and others. The spices segment is expected to constitute a key share of the market during the projected period.

As western foods become more accessible and commonplace, consumers are developing a desire for fresh and delicious spices and seasonings. The major factor for this increase is presence of different cultures and the fact that people are increasingly visiting unusual places.

As a result, the demand for spices and seasonings in outdoor cuisine is estimated to grow at a rapid pace in the coming years. Growing demand for western food in the Asia Pacific has led to significant growth in the Asia Pacific, importing spices and seasonings from developing countries.

Asia Pacific Seasoning and Spices Market Product Type

Snacks & convenience foods segment to hold a major market share

In terms of applications, the Asia Pacific seasoning and spices market is categorized as bakery & confectionery, meat, poultry, & seafood, snacks & convenience foods, soups, sauces, salads, & dressings, and others. .

The snacks & convenience foods segment is projected to expand at a considerable CAGR during the forecast period due to increasing consumption of snack items in some countries.

Asia Pacific Seasoning and Spices Market Application

India is anticipated to constitute a key market share

Based on geography, the market is segregated into India, Japan, China, Australia, Vietnam, and Rest of Asia Pacific. India is expected to constitute a key share of the market during the projected period due to large spices production, low-cost labor, and lower prices of spices.

Segments

Product Types

  • Salt & Salt Substitutes
  • Herbs
  • Spices
    • Black Pepper
    • Cardamom
    • Cinnamon
    • Clove
    • Nutmeg
    • Others

Applications

  • Bakery & Confectionery
  • Meat, Poultry, & Seafood
  • Snacks & Convenience Foods
  • Soups, Sauces, Salads, & Dressings
  • Others

Geography

  • India
  • Japan
  • China
  • Australia
  • Vietnam
  • Rest of Asia Pacific

Key Players

Competitive Landscape

The key players competing in the Asia Pacific seasoning and spices market are Kerry Inc.; Dohler Gmbh; McCormick & Company, Inc.; Sensient Natural Ingredients; and Olam International.

Asia Pacific Seasoning and Spices Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Seasoning and Spices Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Seasoning and Spices Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Seasoning and Spices Market - Supply Chain
  4.5. Global Seasoning and Spices Market Forecast
     4.5.1. Seasoning and Spices Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Seasoning and Spices Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Seasoning and Spices Market Absolute $ Opportunity
5. Global Seasoning and Spices Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Seasoning and Spices Market Size and Volume Forecast by Types
     5.3.1. Salt & Salt Substitutes
     5.3.2. Herbs
     5.3.3. Spices
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Seasoning and Spices Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Seasoning and Spices Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Seasoning and Spices Demand Share Forecast, 2019-2026
7. North America Seasoning and Spices Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Seasoning and Spices Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Seasoning and Spices Market Size and Volume Forecast by Types
     7.4.1. Salt & Salt Substitutes
     7.4.2. Herbs
     7.4.3. Spices
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Seasoning and Spices Demand Share Forecast, 2019-2026
8. Latin America Seasoning and Spices Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Seasoning and Spices Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Seasoning and Spices Market Size and Volume Forecast by Types
     8.4.1. Salt & Salt Substitutes
     8.4.2. Herbs
     8.4.3. Spices
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Seasoning and Spices Demand Share Forecast, 2019-2026
9. Europe Seasoning and Spices Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Seasoning and Spices Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Seasoning and Spices Market Size and Volume Forecast by Types
     9.4.1. Salt & Salt Substitutes
     9.4.2. Herbs
     9.4.3. Spices
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Seasoning and Spices Demand Share Forecast, 2019-2026
10. Asia Pacific Seasoning and Spices Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Seasoning and Spices Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Seasoning and Spices Market Size and Volume Forecast by Types
     10.4.1. Salt & Salt Substitutes
     10.4.2. Herbs
     10.4.3. Spices
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Seasoning and Spices Demand Share Forecast, 2019-2026
11. Middle East & Africa Seasoning and Spices Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Seasoning and Spices Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Seasoning and Spices Market Size and Volume Forecast by Types
     11.4.1. Salt & Salt Substitutes
     11.4.2. Herbs
     11.4.3. Spices
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Seasoning and Spices Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Seasoning and Spices Market: Market Share Analysis
  12.2. Seasoning and Spices Distributors and Customers
  12.3. Seasoning and Spices Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Kerry Inc.
     12.4.2. Dohler Gmbh
     12.4.3. McCormick & Company, Inc.
     12.4.4. Sensient Natural Ingredients
     12.4.5. Olam International

Methodology

Our Clients

The John Holland Group
Pfizer
Deloitte
Siemens Healthcare
General Electric
Honda Motor Co. Ltd.
Nestle SA
General Mills