Seasoning and Spices Market Size, Share & Growth Report 2031
Seasoning and Spices Market Size, Share & Growth Report 2031
Segments - Seasoning and Spices Market by Products Types (Salt and Salt Substitutes, Herbs [Thyme, Basil, Oregano, Parsley, and Others], and Spices [Pepper, Cardamom, Cinnamon, Cloves, Nutmeg, Turmeric, and Others]), and Applications (Bakery and Confectionery, Soup, Noodles and Pasta, Meat and Seafood, Sauce Salad, and Dressing, Savory Snack, and Others), and Regions (North America, Europe, South America, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :FB-1025
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| 185 Pages
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Report Description
Seasoning and Spices Market Outlook 2031
The global seasoning and spices market size was USD 37.26 Billion in 2022 and is anticipated to reach USD 60.84 Billion by 2031 expand at a CAGR of 5.6% during the forecast period, 2023 – 2031. The growth of the market is attributed to increasing demand for spices products owing to rising awareness about its health benefits, taste, and flavour.
Spice is a vegetation product that is used to add flavor, texture, and enhance the taste of the food. Seasoning is a mixture of several flavoring components, which includes sugars, salts, and spices. Spice is a subset of seasoning. Spices come from tropical plants in varied forms, including dried seeds and fruits. Some spices come from the barks or roots of certain plants and trees but mainly they originate from berries, seeds, or dried fruits.
Spices has flavor due to the essential oils they contain in it. Essential oils are released by various processes, including grinding, pounding, grating, and cooking. Seasoning is a combination of food flavoring additives that contain salts, sugars, sauces, and juices.
Seasoning and Spices Market Trends, Drivers, Restraints, and Opportunities:
- Growing demand for ethnic food had led to significant growth in the market.
- Rising number of opportunities in the organic seasoning and spices market is anticipated to propel the market growth.
- Increasing consumer shift toward ready-to-cook spice blends, as it saves time and efforts, can positively impact the market growth.
- The COVID-19 pandemic has encouraged government state bodies to enforce lockdown, which further led to close down of restaurants and food malls across the globe. This, in turn, has reduced the sales of seasonings and spices across the globe. However, rising number of people experimenting distinct cuisine at home has helped the market to recover amidst the pandemic.
Scope of The Seasoning and Spices Market Report
The report on the global seasoning and spices market research report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Seasoning and Spices - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Products Types (Salt and Salt Substitutes, Herbs [Thyme, Basil, Oregano, Parsley, and Others], and Spices [Pepper, Cardamom, Cinnamon, Cloves, Nutmeg, Turmeric, and Others]), and Applications (Bakery and Confectionery, Soup, Noodles and Pasta, Meat and Seafood, Sauce Salad, and Dressing, Savory Snack, and Others) |
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Geographical Zone |
North America, Europe, South America, Asia Pacific and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Kikkoman Corporation, McCormick & Company, Inc., Olam International, Kerry Group plc, Sensient Technologies Corporation. |
Global Seasoning and Spices Market Segment Insights
Herbs and spices segments to account a significant market share
Based on product types, the market is divided into salt and salt substitutes, herbs, and spices. The herbs segment is further segmented into thyme, basil, oregano, parsley, and others. The spices segment is segregated into pepper, cardamom, cinnamon, cloves, nutmeg, turmeric, and others. The herbs & spices segments are anticipated to account for a significant market share during the forecast period.
Increasing demand for spices and herbs in exotic cuisine is driving the growth of the both the market segments. Growing demand for ethnic food has led to rapid growth in imports of spices and herbs, especially in developing countries. Consumers are increasingly developing an appetite for distinct spices and seasonings.
Meat and seafood segments to account a major market share
Based on applications, the global seasoning and spices market is segmented into bakery and confectionery, soup, meat and seafood, sauce, salad, and dressing, savory snack, and others. The meat and seafood segments are expected to account for a major market share owing to increasing spice blends mixed with water or oil to improve flavor and preservation properties of meat.
Blends are added to meat, fish, and poultry as a marinade. Black pepper and ground hot peppers such as cayenne or chipotle are common in rubs. Spices and seasonings are also used in the preparation of sausages. Pepper, red pepper, paprika, garlic, rosemary, thyme, cloves, ginger, and nutmeg are the most commonly used spices in sausages. Major spice-mixing companies are increasingly producing ready-to-use spice mixtures for meat, as well as for sausage factories.
The market in Asia Pacific to exhibit a high CAGR
In terms of regions, the global seasoning and spices market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific to exhibit a high CAGR during the forecast period. China is the prominent market in the region followed by the Indian market. Asia Pacific produces the best quality of spices owing to climatic conditions of the region, which are favorable for the growth of various spices and seasonings.
Most of the nations in Asia Pacific use locally produced spices and seasonings. The significant percentage of spices from the region are exported to Europe and North America.
Segments
Segments Covered in the Report
The Market global seasoning and spices has been segmented on the basis of
Product Types
- Salt and Salt Substitutes
- Herbs
- Thyme
- Basil
- Oregano
- Parsley
- Others
- Spices
- Pepper
- Cardamom
- Cinnamon
- Cloves
- Nutmeg
- Turmeric
- Others
Applications
- Bakery and Confectionery
- Soup
- Noodles and Pasta
- Meat and Seafood
- Sauce
- Salad
- Dressing, Savory Snack
- Others
Regions
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players
- Kikkoman Corporation
- McCormick & Company, Inc
- Olam International
- Kerry Group plc
- Sensient Technologies Corporation
Competitive Landscape
Key players operating in the Global seasoning and spices Market includes Kikkoman Corporation, McCormick & Company, Inc., Olam International, Kerry Group plc, Sensient Technologies Corporation.
Table Of Content
1. Executive Summary2. 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 Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Seasoning and Spices Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Seasoning and Spices Demand Share Forecast, 2019-2026
6. North America Seasoning and Spices Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Seasoning and Spices Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Seasoning and Spices Demand Share Forecast, 2019-2026
7. Latin 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
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Seasoning and Spices Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Seasoning and Spices Demand Share Forecast, 2019-2026
8. Europe 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. Europe Average Pricing Analysis
8.2. Europe Seasoning and Spices Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Seasoning and Spices Demand Share Forecast, 2019-2026
9. Asia Pacific 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. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Seasoning and Spices Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Seasoning and Spices Demand Share Forecast, 2019-2026
10. Middle East & Africa 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. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Seasoning and Spices Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Seasoning and Spices Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Seasoning and Spices Market: Market Share Analysis
11.2. Seasoning and Spices Distributors and Customers
11.3. Seasoning and Spices Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Kikkoman Corporation
11.4.2. McCormick & Company, Inc
11.4.3. Olam International
11.4.4. Kerry Group plc
11.4.5. Sensient Technologies Corporation
Methodology
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