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Spices and Seasonings - Global Strategic Business Report

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    Report

  • 329 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338406

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.


What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Spices and Seasonings

What is the estimated value of the Global Market for Spices and Seasonings?

The Global Market for Spices and Seasonings was estimated to be valued at $15.1 Billion in 2022.

What is the growth rate of the Global Market for Spices and Seasonings?

The growth rate of the Global Market for Spices and Seasonings is 3.7%, with an estimated value of $20.2 Billion by 2030.

What is the forecasted size of the Global Market for Spices and Seasonings?

The Global Market for Spices and Seasonings is estimated to be worth $20.2 Billion by 2030.

Who are the key companies in the Global Market for Spices and Seasonings?

Key companies in the Global Market for Spices and Seasonings include 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. and Mehran Spice & Food Industries.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Spices and Seasonings: Imparting Flavor, Aroma, and Good Health to Food in Fresh, Dried, Broken, Whole, and Powdered Form
  • Spices and Seasonings: Essential Building Blocks of Flavor and Taste in Food
  • Trends & Drivers in a Nutshell
  • Market Challenges in a Nutshell
  • Popular Flavor Trends in a Nutshell
  • Recent Market Activity
  • Major Spice Producing Countries Worldwide
  • Leading Spice Producing Countries and the Respective Spices Grown in the Country
  • Onions and Dehydrated Onions: China and India Lead Global Onions Production, while the United States Dominate Dehydrated Onions
  • Mustard Seeds: Canada is the Leading Producer Worldwide
  • Pepper: Vietnam Dominates Global Production, followed by India
  • Sesame Seeds: Tanzania is the Leading Producer Worldwide
  • Paprika: China Dominates Global Production
  • Cinnamon: Indonesia and China Lead Global Production
  • India Leads Cumin Exports, while Guatemala Dominates Cardamom Production
  • Global Market Outlook
  • Developed Countries Dominate, While Developing Countries Spearhead Growth
  • Spices and Seasonings - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
  • Ajinomoto Co., Inc. (Japan)
  • Ariake Japan Company Limited (Japan)
  • Asenzya (USA)
  • British Pepper & Spice Company Limited (The United Kingdom)
  • B&G Foods, Inc. (USA)
  • CaJohns Fiery Foods (USA)
  • Char Crust, Inc. (USA)
  • Frontier Natural Products Co-op. (USA)
  • Fuchs North America (USA)
  • Golden West Specialty Foods, Inc. (USA)
  • Goya Foods, Inc. (USA)
  • Griffith Foods, Inc. (USA)
  • Harris Freeman & Company Inc. (USA)
  • Italpepe srl (Italy)
  • K•I•S CO. Ltd. (Japan)
  • McCormick & Co., Inc. (USA)
  • Lawry’s (USA)
  • Mehran Spice & Food Industries (Pakistan)
  • Neptune Food Products Ltd. (Israel)
  • Newly Weds Foods, Inc. (USA)
  • Old Mansion Foods (USA)
  • Old World Spices & Seasonings (USA)
  • Oregon Spice Company (USA)
  • Rocky Mountain Spice Company (USA)
  • S&B Foods Inc. (Japan)
  • Synthite Industries Ltd. (India)
  • The Bart Ingredients Company Ltd. (The United Kingdom)
  • The Spice Way (USA)
  • Vanns Spices Ltd. (USA)
  • Victoria Gourmet, Inc. (USA)
  • WILD Flavors GmbH (Germany)
  • Williams Foods, Inc. (USA)
  • Wixon (USA)
  • Xcell International Corp. (USA)
3. MARKET TRENDS & DRIVERS
  • Growing Popularity of Spices as Natural Ingredients with Exceptional Ability to Transform Simple Dish into a Special Cuisine Drives Healthy Market Growth
  • Commonly Used Spices in Ethnic Cuisine: Common Name, Botanical Name, and Part of the Plant
  • Flavor/Taste Profile of Select Spices and Herbs
  • Growing Preference for Mexican, Asian, and Middle Eastern Cuisine Benefit Demand
  • Bold Spices Benefit from Growing Appetite for International Cuisine with Authentic Ethnic Flavors
  • Pepper: The King of Spices Sets the Tone for Growth of the Global Spice Market
  • Uses of Various Pepper Types
  • The Urgent Need to Enable Effective Maintenance of Health and Wellbeing the Natural Way: Foundation for Market Expansion
  • Determining the Significance of Culinary Spices and Herbs in Health Maintenance
  • Changing Lifestyles Drive Robust Demand for Spices with Medical Properties
  • Spices and Herbs and their Antimicrobial Components
  • Herbs and Spices as Antioxidant Additives in Food Preparations
  • Focus on Disease Prevention than Treatment Boosts Demand for Various Therapeutic Spices
  • Spices Show the Thermogenic Way to Healthy Living
  • Cinnamon: Health and Wellness Benefits
  • Oregano: Medical Properties and Benefits
  • Ginger: Health and Wellness Benefits
  • Garlic: The Wonder Spice of the World
  • Rising Women Employment and the Resulting Preference for Convenience Cooking Boosts Consumption
  • Savory: A Flavor to Savor
  • Herbs and Spices Provide Sustainable Therapeutic Solution in Poultry Production and Health, Augurs Well for the Market
  • Burgeoning Demand from the Food Industry Provides Growth Opportunities for Various Spices and Seasonings
  • Growing Popularity of Organic Food and Beverages Spurs Demand for Organic Spices and Seasonings
  • Carotenoid Pigments Content and Other Benefits Drive Demand for Paprika
  • Antidepressant, Antiseptic, Antioxidant and Anticonvulsant Properties Drive Demand for Saffron despite the High Cost
  • Extensive Application as a Flavoring Agent Drives Growth in Oleoresin Consumption
  • The Low Salt Trend Drive Proliferation of Salt-less and Reduced Salt Spice Mixtures
  • Value-Added Spices Kindles Market Growth
  • Increasing Focus on Weight Management Spurs Demand for Spices that Aid Weight Loss
  • Select Spices and Herbs that Aid Weight Loss
  • Obesity Factsheet
  • Spice-Based Natural Essential Oils: The Future of Preservatives
  • Spice Oils Find Increasing Applications in Beauty, Hygiene, and Pharma Products
  • FLAVO DROP: A Recent Innovation in Spice World
  • Spice Dispensers & Mills Bundled with Spices
  • Paprikum Spice Grinder for Dried Spices: A Recent Innovation
  • Favorable Demographic and Economic Trends Strengthen Market Prospects
  • Ballooning Global Population and Exponential Increase in Urbanization
  • Aging Population: A Weighty Growth Driver
  • Growing Middle Class Population
  • India & China: Important Potential Future Markets
  • Contaminated Spice Imports: A Growing Concern
  • Common Microorganisms Found in Spices
  • Tackling the Burden of Food Borne Illnesses
  • Major Procurement Concerns Impede Growth Prospects for the Spices Market
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Spices and Seasonings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Spices and Seasonings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Spices and Seasonings by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Herbs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Herbs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for Herbs by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Spices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Spices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for Spices by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Salt & Substitutes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Salt & Substitutes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for Salt & Substitutes by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Other Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Other Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 15: World 16-Year Perspective for Other Products by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Bakery & Confectionery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for Bakery & Confectionery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 18: World 16-Year Perspective for Bakery & Confectionery by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Meat & Poultry by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 20: World Historic Review for Meat & Poultry by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 21: World 16-Year Perspective for Meat & Poultry by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Frozen Food by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 23: World Historic Review for Frozen Food by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 24: World 16-Year Perspective for Frozen Food by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 26: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 27: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 28: World Spices and Seasonings Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Spices and Seasonings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
CANADA
JAPAN
  • Spices and Seasonings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Spices and Seasonings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
EUROPE
  • Spices and Seasonings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • Spices and Seasonings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Spices and Seasonings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Spices and Seasonings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Spices and Seasonings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
AUSTRALIA
  • Spices and Seasonings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
  • Spices and Seasonings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Spices and Seasonings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Spices and Seasonings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Spices and Seasonings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 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.