Herbs and Spices Market - Forecasts from 2020 to 2025

The herbs and spices market is projected to grow at a CAGR of 3.15% to reach US$9.511 billion by 2025, from US$7.896 billion in 2019. Herbs and spices are extensively used in the food and beverages as flavor enhancers and to give a special aroma to foods and beverages to appease the changing taste preferences and flavor profile of individuals over the globe. In addition, the usage of different herbs and spices is rising, as there is an increasing number of individuals trying to replicate the restaurant-style flavor in the dishes made at home.

Furthermore, the use of spices in beverages such as tea and coffee has health benefits. For example, Ginger Basil and Cardamom are increasingly used in Teas, in counties such as India in order to give a distinct flavor to the beverage and to induce a soothing sensation in the throat. Turmeric is also mixed with warm milk in order to increase immunity and finds widespread use in countries such as India. Additionally, mint leaves are used in tea that is served in Morocco, Lemongrass tea is preferred by some individuals in Japan among others. Therefore, these factors are propelling the market growth over the forecast period.

Some of the examples of product offerings are as follows:

• McCormick & Company, Inc., one of the companies that are involved in the manufacture and the sale of spices, herb, and other blends, offer a wide range of products ranging from ground to whole spices and herbs, Some of the products it offers are, “McCormick Allspice”, McCormick Basil Leaves”, and “McCormick Whole Caraway Seed” among others. The McCormick Allspice is available in both whole and ground forms and is a spice that is found in the Caribbean, Central and South America can be used in different types of meat dishes such as meatballs, ground beef among others. The McCormick Whole Caraway Seed is one of the spices that adds a bittersweet flavor to the food items that can di used for pork, stews, or rye bread. The McCormick Basil Leaves is one of the essential ingredients in Italian cuisine and finds uses in food items such as Pizzas, Marinara Sauces, and Pasta.
• KEYA FOODS, which is among one the famous brands involved in the provision of herbs, spices, seasonings among other products in India offers a wide range of products. It offers its product “KEYA Thyme”, which is a herb that is used widely for seasoning and giving flavor to different types of meat, especially lamb and also can be used in different cuisines such as French, Italian, Greek and Lebanese. It also offers Lemongrass, which is a spice used extensively in Thai cuisine for famous dishes such as Thai Curry and an essential part of Japanese and Chinese cuisines.
• FRESCO SPICE BLENDS, is among the companies that are involved in proving specialty spice blends in order to a distinct flavor to different foods. They offer products such as “Chili Lime Chipotle”, Coffee Steak Rub”, Rosemary Salt Rub” among other products under their portfolio. The Chili Lime Chipotle can be used on different types of meat such as pork, beef, seafood, and also vegetables. It can be used on grilled, pan-seared, and roast meat and vegetables also. The Rosemary Salt Rub can be used for basting purposes on meats or as rubs on meats, or as a finishing sprinkle. It is available in 6oz and 28 oz sizes. The Coffee Steak Rub can be used on steaks to provide a unique burnt coffee flavor Its is available in 4oz. and 2oz sizes.

Crusher bottle is estimated to hold a significant share over the forecast period owing to the rising demand for products with increased shelf life among the population.

The crusher bottle is estimated to hold a significant share over the forecast period owing to the fact that there is a rising demand for herbs and spices with increased shelf life among the individuals. Consequently, the herbs and spices such as black pepper, rock salt, and all-spice among others by some of the leading market players are in the whole form. Thus, the presence of the herbs and spices in the whole form increases their shelf life relatively as it decreases the possibility of the product being spoilt due to moisture.

The Asia Pacific region is expected to witness a significant increase in its market share over the forecast period

In addition, the Asia Pacific region is expected to witness a significant increase in its market share over the forecast period owing to the increasing efforts made by the market players to cater to the diverse demands for different herbs and spices among the consumers due to the increasing penetration of western cuisine such as Thai and Mexican among others. This encouraging the individuals to purchase spices such as Fajita Mix, Paprika, and Piri Piri Spice Mix among others. Furthermore, there some players such as Arqa Ayurveda, which are involved in sourcing, and the sale of organic herbs and spices such as rose petal garam masala, and som tam mix, to name a few which are contributing to bolstering the herbs and spices market in India and are enhancing the market position of Asia Pacific region.

Segmentation:

By Product Type

• Herbs
• Basil
• Mint
• Coriander
• Thyme
• Lemongrass
• Others
• Spices
• Ginger
• Pepper
• Cardamom
• Cinnamon
• Clove
• Others

By Packaging Type

• Bottles
• Shaker
• Crusher
• Pouches
• Containers

By Application

• Food and Beverage
• Pharmaceuticals

By Form

• Whole
• Ground

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• UK
• Germany
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• Japan
• China
• India
• South Korea
• Others