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Spices and Seasonings - Global Strategic Business Report

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    Report

  • 329 Pages
  • July 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338406
The global market for Spices and Seasonings is estimated at US$15.8 Billion in 2023 and is projected to reach US$20.2 Billion by 2030, growing at a CAGR of 3.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Herbs segment, which is expected to reach US$5.5 Billion by 2030 with a CAGR of 3.1%. The Spices segment is also set to grow at 3.6% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $4.3 Billion in 2023, and China, forecasted to grow at an impressive 5.4% CAGR to reach $4.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Spices and Seasonings Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Spices and Seasonings Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Spices and Seasonings Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Ajinomoto Co., Inc., Ariake Japan Company Limited, Asenzya, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

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.

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Global Economic Update
  • 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 2023 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 2022 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, 2024 & 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 2023 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 2022 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, 2024 & 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 2023 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 2022 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, 2024 & 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 2023 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 2022 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, 2024 & 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 2023 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 2022 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, 2024 & 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 2023 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 2022 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, 2024 & 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 2023 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 2022 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, 2024 & 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 2023 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 2022 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, 2024 & 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 2023 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 2022 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, 2024 & 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 2024 (E)
CANADA
JAPAN
  • Spices and Seasonings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Spices and Seasonings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Spices and Seasonings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Spices and Seasonings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Spices and Seasonings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Spices and Seasonings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Spices and Seasonings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Spices and Seasonings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Spices and Seasonings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Spices and Seasonings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Spices and Seasonings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Spices and Seasonings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

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