Spices and Seasonings - Global Strategic Business Report

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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