Seasonings and Spices Market Size, Share, Trends, Growth and Forecast 2032

Seasonings and Spices Market Insights

Zion Market Research has published a report on the global Seasonings and Spices Market, estimating its value at USD 3.49 Billion in 2023, with projections indicating that it will reach USD 6.52 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 7.2% over the forecast period 2024-2032.

The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Seasonings and Spices Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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The report offers assessment and analysis of the Seasonings and Spices Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2022 along with a forecast from 2022 to 2032 based on revenue (USD Billion).

Spices are root, seeds, flowers, leaves, bark, stems, and fruit which is mainly used for flavoring, coloring, and preservation of food. Seasonings and spices are also used for garnishing the food. These seasonings and spices are also available in the form of powder sometimes. Moreover, seasoning is a process of addition of herbs and salt in food. Seasoning and spices are generally used to enhance the overall taste of the food. They also help in enhancing the aroma of the food. At present, Western countries are primarily influenced by seasoning and spices as it is used in the snacks to improve taste. 

Seasonings and Spices Market: Overview

Seasonings and spices are necessary for each cuisine as they provide exceptional aroma & peculiar taste to every cuisine. Additionally, seasonings & spices find widely utilized to add taste, flavor, color, and aroma to food & beverages. Some of the spices & seasonings are also used as preservatives. Furthermore, seasonings comprise of various kinds of spices & herbs. Seasonings & spices are used immensely in commercial sector as well as households. Escalating use of exquisite spices & seasonings for in-home culinary preparations will provide new growth avenues for seasonings and spices business across globe in upcoming years. Spices such as ginger, curcuma, dried capsicum, cloves, uncrushed pepper, and cinnamon provide nutritional benefits. This is likely to prop up expansion of seasonings and spices industry.

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Seasonings and Spices Market: Growth Drivers

Altering dietary habits and customers in search for novel mouth feels will create lucrative growth avenues for seasonings and spices industry over assessment period. Surge in use of salt by food processors due to growing demand for salt will proliferate size of seasonings and spices market over forecasting timeframe. Rise in product line expansion and need for increasing production capacity will prompt seasonings and spices market growth in ensuing years. Increase in utilization of spices & seasonings by convenience food producers for enhancing shelf life of products and product quality will steer expansion of seasonings and spices market over forecasting timespan.

The global seasonings and spices market is primarily driven by rising preference for exotic food across the worldwide. At present, people are more likely to spend on seasonings and spices. In addition to this, high penetration of the native seasoning and spices are contributing towards the global seasonings and spices market growth over the forecast period. For instance, Southern Europe and Mexico are famous for some special spices such as Anaheim and Marjoram pepper. Furthermore, changing eating habits for Thai, Italian, and French food witnessed in the developing countries are expected to spur the global seasonings and spices market size during the forecast period. However, trade regulations on product import and inefficient logistics are predicted to act as major restraints for the global seasonings and spice market within the forecast period. 

Seasonings and Spices Market: Report Scope

Furthermore, rise in consumption of processed meat and convenience food items as well as prominent increase in clean labels will promulgate scope of business growth over upcoming years. Increase in use of flavors and natural ingredients     are predicted to prop up growth of seasonings and spices market during forthcoming years.

Seasonings and Spices Market: Segmentation

The global seasonings and spice market have been segmented into product type, application, and region. Based on the product type, the global market has been classified into dried herbs, salt substitutes, salt, individual and mixed spices, pepper, and others. Among them,  salt substitutes are expected to hold a dominant position in the global seasonings and spices market over the forecast period. 

Based on the application, the global seasonings and spices market is segmented into frozen products, sauces and dressings, convenience food and snacks, meat and poultry products, bakery and confectionery, and others. Among them, convenience food and snacks are expected to attain the largest market share within the forecast period. Altering eating habits among the global population and inclination towards more spicy food leading to the addition of seasoning and spices in food products are some of the major driving factors for the global seasonings and spice market.

Seasonings and Spices Market: Regional Landscape

European Seasonings And Spices Market Set To Expand Rapidly Over 2024-2032

Seasonings and spices market in Europe is anticipated to expand swiftly over assessment period subject to rise in demand for ethnic flavors along with awareness about medical features of spices & seasonings in European countries. Apart from this, adding of various kinds of spices in ready-to-drink products as well as ready-to-eat items in countries of Europe are predicted to create new growth avenues for seasonings and spices market over forecasting timespan. Changes in food habits of customers in Germany, the UK, Belgium, and France will steer growth of regional market over assessment period.

Seasonings and Spices Market: Competitive Landscape

Key players profiled in study and strongly influencing market size are -

• Ariake Japan Company
• Worlee – Chemie GmbH
• The Kraft Heinz Company
• SHS Group
• MDH Spices
• McCormick & Company
• Knorr
• Everest Spices
• Olam International Limited
• Sensient Technologies
• Ajinomoto Co. Inc.
• Nestle S.A.
• Dohler Group.

The global Seasonings and Spices Market is segmented as follows:

By Application

• Bakery & Confectionery
• Sauces &  Dressings
• Frozen Products
• Convenience Food & Snacks
• Meat & Poultry Products

By Product Type

• SALT SUBSTITUTES
• Dried Herbs
• Salt
• Individual &Mixed Spices
• Pepper      

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa