Global Spices and Seasonings Market to Reach $20.2 Billion by 2030
The global market for Spices and Seasonings estimated at US$15.1 Billion in the year 2022, is projected to reach a revised size of US$20.2 Billion by 2030, growing at a CAGR of 3.7% over the analysis period 2022-2030. Herbs, one of the segments analyzed in the report, is projected to record a 3.7% CAGR and reach US$5.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Spices segment is readjusted to a revised 4.3% CAGR for the next 8-year period.The U.S. Market is Estimated at $4.1 Billion, While China is Forecast to Grow at 6.4% CAGR
The Spices and Seasonings market in the U.S. is estimated at US$4.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.1 Billion by the year 2030 trailing a CAGR of 6.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 4.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.7 Billion by the year 2030.Select Competitors (Total 154 Featured) -
- Ajinomoto Co., Inc.
- Ariake Japan Company Limited
- Asenzya
- B&G Foods, Inc.
- Fuchs North America
- Golden West Specialty Foods, Inc.
- Griffith Foods, Inc.
- Harris Freeman & Company Inc.
- McCormick & Co., Inc.
- Mehran Spice & Food Industries
- Old Mansion Foods
- Old World Spices & Seasonings
- Oregon Spice Company
- Rocky Mountain Spice Company
- S&B Foods Inc.
- Synthite Industries Ltd.
- The Bart Ingredients Company Ltd.
- The Spice Way
- Vanns Spices Ltd.
- Victoria Gourmet, Inc.
- Williams Foods, Inc.
- Wixon
- Xcell International Corp.
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Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARYIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ajinomoto Co., Inc.
- Ariake Japan Company Limited
- Asenzya
- B&G Foods, Inc.
- Fuchs North America
- Golden West Specialty Foods, Inc.
- Griffith Foods, Inc.
- Harris Freeman & Company Inc.
- McCormick & Co., Inc.
- Mehran Spice & Food Industries
- Old Mansion Foods
- Old World Spices & Seasonings
- Oregon Spice Company
- Rocky Mountain Spice Company
- S&B Foods Inc.
- Synthite Industries Ltd.
- The Bart Ingredients Company Ltd.
- The Spice Way
- Vanns Spices Ltd.
- Victoria Gourmet, Inc.
- Williams Foods, Inc.
- Wixon
- Xcell International Corp.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 329 |
Published | March 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 15.1 Billion |
Forecasted Market Value ( USD | $ 20.2 Billion |
Compound Annual Growth Rate | 3.7% |
Regions Covered | Global |