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Seasonings and Spices Market - Global Industry Analysis

Seasonings and Spices Market - By Application (Bakery & Confectionery, Frozen Products, Convenience Food & Snacks, Meat & Poultry Products, and Sauces & Dressings), By Product Type (SALT SUBSTITUTES, Salt, Individual & Mixed Spices, Pepper, and Dried Herbs), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2028

Published Date: 02-Dec-2021 Category: Food & Beverage Report Format : PDF Pages: 197 Report Code: ZMR-474 Status : Published

The global Seasonings and Spices Market accrued earnings worth approximately 14.1 (USD Billion) in 2020 and is predicted to gain revenue of about 23.78 (USD Billion) by 2028, is set to record a CAGR of nearly 5.1% over the period from 2021 to 2028.

Description

The global Seasonings and Spices Market accrued earnings worth approximately 14.1 (USD Billion) in 2020 and is predicted to gain revenue of about 23.78 (USD Billion) by 2028, is set to record a CAGR of nearly 5.1% over the period from 2021 to 2028. 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 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

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.

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.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

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.

Regional Landscape

European Seasonings And Spices Market Set To Expand Rapidly Over 2021-2028

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.

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., and 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

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Type
      • 1.3.2. Market Research Methodulogy
  • Chapter 2. Executive Summary
    • 2.1. Seasonings and Spices Market, 2018–2028(USD Billion)
    • 2.2. Seasonings and Spices Market: Snapshot
  • Chapter 3. Global Seasonings and Spices Market– Industry Analysis
    • 3.1. Seasonings and Spices Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Altering food habits, food tastes & lifestyles and customers search for novel mouth feels will create lucrative growth avenues for seasonings and spices industry over projected period.
      • 3.2.2. Surge in use of salt by food processors owing to escalating demand for salt will amplify size of seasonings and spices market over forecasting timespan.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Application
      • 3.4.2. Market attractiveness analysis By Product Type
  • Chapter 4. Global Seasonings and Spices Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Seasonings and Spices Market: company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Seasonings and Spices Market– Application Analysis
    • 5.1. Global Seasonings and Spices Market overview: By Application
      • 5.1.1. Global Seasonings and Spices Market share, By Application, 2020 and 2028
    • 5.2. Bakery & Confectionery
      • 5.2.1. Global Seasonings and Spices Market by Bakery & Confectionery, 2018–2028(USD Billion)
    • 5.3. Sauces & Dressings
      • 5.3.1. Global Seasonings and Spices Market by Sauces & Dressings, 2018–2028(USD Billion)
    • 5.4. Frozen Products
      • 5.4.1. Global Seasonings and Spices Market by Frozen Products, 2018–2028(USD Billion)
    • 5.5. Convenience Food & Snacks
      • 5.5.1. Global Seasonings and Spices Market by Convenience Food & Snacks, 2018–2028(USD Billion)
    • 5.6. Meat & Poultry Products
      • 5.6.1. Global Seasonings and Spices Market by Meat & Poultry Products, 2018–2028(USD Billion)
  • Chapter 6. Global Seasonings and Spices Market– Product Type Analysis
    • 6.1. Global Seasonings and Spices Market overview: By Product Type
      • 6.1.1. Global Seasonings and Spices Market share, By Product Type, 2020 and 2028
    • 6.2. SALT SUBSTITUTES
      • 6.2.1. Global Seasonings and Spices Market by SALT SUBSTITUTES , 2018–2028(USD Billion)
    • 6.3. Dried Herbs
      • 6.3.1. Global Seasonings and Spices Market by Dried Herbs, 2018–2028(USD Billion)
    • 6.4. Salt
      • 6.4.1. Global Seasonings and Spices Market by Salt, 2018–2028(USD Billion)
    • 6.5. Individual & Mixed Spices
      • 6.5.1. Global Seasonings and Spices Market by Individual & Mixed Spices, 2018–2028(USD Billion)
    • 6.6. Pepper
      • 6.6.1. Global Seasonings and Spices Market by Pepper, 2018–2028(USD Billion)
  • Chapter 7. Company Profiles
    • 7.1. Ariake Japan Company
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Product Portfulio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. Worlee – Chemie GmbH
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Product Portfulio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. The Kraft Heinz Company
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Product Portfulio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Development
    • 7.4. SHS Group
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Product Portfulio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Development
    • 7.5. MDH Spices
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Product Portfulio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Development
    • 7.6. McCormick & Company
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Product Portfulio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Development
    • 7.7. Knorr
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Product Portfulio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent Development
    • 7.8. Olam International Limited
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Product Portfulio
      • 7.8.4. Business Strategy
      • 7.8.5. Recent Development
    • 7.9. Everest Spices
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Product Portfulio
      • 7.9.4. Business Strategy
      • 7.9.5. Recent Development
    • 7.10. Sensient Technulogies
      • 7.10.1. Overview
      • 7.10.2. Financials
      • 7.10.3. Product Portfulio
      • 7.10.4. Business Strategy
      • 7.10.5. Recent Development
    • 7.11. Ajinomoto Co. Inc.
      • 7.11.1. Overview
      • 7.11.2. Financials
      • 7.11.3. Product Portfulio
      • 7.11.4. Business Strategy
      • 7.11.5. Recent Development
    • 7.12. Nestle S.A.
      • 7.12.1. Overview
      • 7.12.2. Financials
      • 7.12.3. Product Portfulio
      • 7.12.4. Business Strategy
      • 7.12.5. Recent Development
    • 7.13. Dohler Group
      • 7.13.1. Overview
      • 7.13.2. Financials
      • 7.13.3. Product Portfulio
      • 7.13.4. Business Strategy
      • 7.13.5. Recent Development

List of Figures

1. Market research Type
2. Market research methodology
3. Global Seasonings and Spices Market, 2018–2028(USD Billion)
4. Porter’s Five Forces Analysis
5. Global Seasonings and Spices Marketattractiveness, By Application
6. Global Seasonings and Spices Marketattractiveness, By Product Type
7. Global Seasonings and Spices Marketshare by Application ,2020 and 2028 (USD Billion)
8. Global Seasonings and Spices Marketby Bakery & Confectionery, 2018–2028(USD Billion)
9. Global Seasonings and Spices Marketby Sauces &  Dressings, 2018–2028(USD Billion)
10. Global Seasonings and Spices Marketby Frozen Products, 2018–2028(USD Billion)
11. Global Seasonings and Spices Marketby Convenience Food & Snacks, 2018–2028(USD Billion)
12. Global Seasonings and Spices Marketby Meat & Poultry Products, 2018–2028(USD Billion)
13. Global Seasonings and Spices Marketshare by Product Type,2020 and 2028 (USD Billion)
14. Global Seasonings and Spices Marketby SALT SUBSTITUTES,  2018–2028(USD Billion)
15. Global Seasonings and Spices Marketby Dried Herbs, , 2018–2028(USD Billion)
16. Global Seasonings and Spices Marketby Individual & Mixed Spices, 2018–2028(USD Billion)
17. Global Seasonings and Spices Marketby Pepper, 2018–2028(USD Billion)
18. Global Seasonings and Spices Marketby Salt, 2018–2028(USD Billion)
19. Global Seasonings and Spices Marketshare, by Region, 2020 and 2028
20. North America Seasonings and Spices Market, 2018–2028(USD Billion)
21. Europe Seasonings and Spices Market, 2018–2028(USD Billion)
22. Asia Pacific Seasonings and Spices Market, 2018–2028(USD Billion)
23. Latin America Seasonings and Spices Market, 2018–2028(USD Billion)
24. The Middle East and Africa Seasonings and Spices Market, 2018–2028(USD Billion)


List of Tables

1. Global Seasonings and Spices Market: snapshot
2. Drivers of the Seasonings and Spices Market: impact analysis
3. North America Seasonings and Spices Market revenue, By Application  ,2018–2028(USD Billion)
4. North America Seasonings and Spices Market Revenue, By Product Type ,2018–2028(USD Billion)
5. The U.S. Seasonings and Spices Market Revenue, By Application  ,2018–2028(USD Billion)
6. The U.S. Seasonings and Spices Market Revenue, By Product Type ,2018–2028(USD Billion)
7. Rest of North America Seasonings and Spices Market Revenue, By Application  ,2018–2028(USD Billion)
8. Rest of North America Seasonings and Spices Market Revenue, By Product Type ,2018–2028(USD Billion)
9. Europe Seasonings and Spices Market Revenue, By Application  ,2018–2028(USD Billion)
10. Europe Seasonings and Spices Market Revenue, By Product Type ,2018–2028(USD Billion)
11. UK Seasonings and Spices Market Revenue, By Application  ,2018–2028(USD Billion)
12. UK Seasonings and Spices Market Revenue, By Product Type ,2018–2028(USD Billion)
13. France Seasonings and Spices Market Revenue, By Application  ,2018–2028(USD Billion)
14. France Seasonings and Spices Market Revenue, By Product Type ,2018–2028(USD Billion)
15. Germany Seasonings and Spices Market Revenue, By Application  ,2018–2028(USD Billion)
16. Germany Seasonings and Spices Market Revenue, By Product Type ,2018–2028(USD Billion)
17. Rest of Europe Seasonings and Spices Market Revenue, By Application  ,2018–2028(USD Billion)
18. Rest of Europe Seasonings and Spices Market Revenue, By Product Type ,2018–2028(USD Billion)
19. Asia Pacific Seasonings and Spices Market Revenue, By Application  ,2018–2028(USD Billion)
20. Asia Pacific Seasonings and Spices Market Revenue, By Product Type ,2018–2028(USD Billion)
21. China Seasonings and Spices Market Revenue, By Application  ,2018–2028(USD Billion)
22. China Seasonings and Spices Market Revenue, By Product Type ,2018–2028(USD Billion)
23. Japan Seasonings and Spices Market Revenue, By Application  ,2018–2028(USD Billion)
24. Japan Seasonings and Spices Market Revenue, By Product Type ,2018–2028(USD Billion)
25. India Seasonings and Spices Market Revenue, By Application  ,2018–2028(USD Billion)
26. India Seasonings and Spices Market Revenue, By Product Type ,2018–2028(USD Billion)
27. Rest of Asia Pacific Seasonings and Spices Market Revenue, By Application  ,2018–2028(USD Billion)
28. Rest of Asia Pacific Seasonings and Spices Market Revenue, By Product Type ,2018–2028(USD Billion)
29. Latin America Seasonings and Spices Market Revenue, By Application  ,2018–2028(USD Billion)
30. Latin America Seasonings and Spices Market Revenue, By Product Type ,2018–2028(USD Billion)
31. Brazil Seasonings and Spices Market Revenue, By Application  ,2018–2028(USD Billion)
32. Brazil Seasonings and Spices Market Revenue, By Product Type ,2018–2028(USD Billion)
33. Rest of Latin America Seasonings and Spices Market Revenue, By Application  ,2018–2028(USD Billion)
34. Rest of Latin America Seasonings and Spices Market Revenue, By Product Type ,2018–2028(USD Billion)
35. The Middle East and Africa Seasonings and Spices Market Revenue, By Application  ,2018–2028(USD Billion)
36. The Middle East and Africa Seasonings and Spices Market Revenue, By Product Type ,2018–2028(USD Billion)
37. Saudi Arabia Seasonings and Spices Market Revenue, By Application  ,2018–2028(USD Billion)
38. Saudi Arabia Seasonings and Spices Market Revenue, By Product Type ,2018–2028(USD Billion)
39. South Africa Seasonings and Spices Market Revenue, By Application  ,2018–2028(USD Billion)
40. South Africa Seasonings and Spices Market Revenue, By Product Type ,2018–2028(USD Billion)
41. Rest of the Middle East & Africa Seasonings and Spices Market Revenue, By Application  ,2018–2028(USD Billion)
42. Rest of the Middle East & Africa Seasonings and Spices Market Revenue, By Product Type ,2018–2028(USD Billion)

 

Methodology

Free Analysis

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. 

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. 

Global Seasonings and Spices Market

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.

By geography, the global seasonings and spices market finds its extensive scope in Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. The Asia Pacific is forecasted to be the fastest growing region in the global seasonings and spices market during the estimated timeline. This growth can be attributed to the high consumption of seasonings and spices in the South Asian region. Followed by Asia Pacific, Europe, and North America are also projected to gain more market share during the forecast period. 

The report also includes detailed profiles of key players such as The Kraft Heinz Company, McCormick & Company, Catch, Baria Pepper, MDH Spices, Knorr, Everest Spices, Ajinomoto Co. Inc., Nestle, and Bart Ingredients. The detailed description of players includes parameters such as company overview, financial overview, business strategies, and recent developments of the company.

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FrequentlyAsked Questions

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.

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.

According to Zion market research report, the global Seasonings and Spices Market accrued earnings worth approximately 14.1 (USD Billion) in 2020 and is predicted to gain revenue of about 23.78 (USD Billion) by 2028, is set to record a CAGR of nearly 5.1% over the period from 2021 to 2028.

Europe will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject 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.

The key market participants include 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., and Dohler Group. 

 

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