The Global Spices and Seasonings Market report provides a comprehensive analysis of the industry from 2018 to 2031. The base year of the report is 2022, with a market value size of US$ 26.25 Bn, and it's expected to reach a value of US$ 54.45 Bn by 2031. The market volume size in 2022 is 17,533,000 tons. The forecast period is characterized by a value CAGR of 8.9% and a volume CAGR of 7.9%.Global Spices and Seasonings Market Forecast: Predicted to Reach US$ 54.45 Bn, with CAGR of 8.9% by 2031
Growth Influencers:
The growth of the Global Spices and Seasonings Market is mainly driven by the rising popularity of international cuisines and an increasing demand for packaged, ready-to-use spices and seasonings products. However, the growth is restrained by adulteration and food fraud in the spices and seasoning industry, as well as a high dependency of spice crops on climate conditions.Segments Overview:
The market is segmented by Type, Seasonings Type, Distribution Channel, Application, and End User.By Type
- Hot spices
- Capsicum (chilies)
- Cayenne pepper
- Black and White peppers
- Ginger
- Mustard
- Others
- Mild spices
- Paprika
- Coriander
- Others
- Aromatic spices
- Cardamom
- Cassia
- Cinnamon
- Clove
- Cumin
- Others
- Herbs
- Basil
- Bay
- Dill leaves
- Marjoram
- Tarragon
- Others
By Seasonings Type
- Salts
- Pepper
- Sugar and Light Flavored Sweeteners
- Acids
By Distribution Channel
- Online
- e-Commerce Website
- Company's Owned Website
- Offline
- Supermarkets/Hypermarkets
- Retail Stores
By Application
- Meat & poultry products
- Snacks & convenience food
- Soups, sauces, and dressings
- Bakery & confectionery
- Others
By End User
- Residential
- Commercial
- Restaurants
- Bar & Cafes
- QSRs
Regional Overview:
The report breaks down the market into regions including North America, Europe, Asia Pacific, Middle East & Africa, and South America.By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
- South America
- Argentina
- Brazil
- Rest of South America
Competitive Landscape:
The competitive landscape is marked by the dominance of key players like McCormick & Company, Inc., Olam International, Ajinomoto Co. Inc., Associated British Foods plc, Kerry Group plc, and Sensient Technologies Corporation, among others. The cumulative market share of the four major players is close to 41.5%. These market leaders maintain their positions through a combination of strategies including product innovation, competitive pricing, and strategic partnerships.Report Insight:
- In-depth analysis of emerging lucrative markets
- Insights into untapped geographies
- Details on current investments in the market
- Comprehensive pricing and manufacturing cost analysis
Questions to be Answered:
- What is the projected market size of the Global Spices and Seasonings Market by 2031?
- Which segment is expected to drive market growth and why?
- Which regions hold the most significant growth potential in the forecast period?
- What are the key challenges that the market might face in the future?
- How are the market leaders maintaining their competitive edge?
Table of Contents
Chapter 1. Research Framework
Chapter 2. Research Methodology
Chapter 4. Global Spices and Seasonings Market Overview
Chapter 5. Global Spices and Seasonings Market Analysis, By Type
Chapter 6. Global Spices and Seasonings Market Analysis, By Region
Chapter 7. North America Spices and Seasonings Market Analysis
Chapter 8. Europe Spices and Seasonings Market Analysis
Chapter 9. Asia Pacific Spices and Seasonings Market Analysis
Chapter 10. Middle East and Africa Spices and Seasonings Market Analysis
Chapter 11. South America Spices and Seasonings Market Analysis
Chapter 12. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- McCormick & Company, Inc. (US)
- Olam International (Singapore)
- Ajinomoto Co. Inc. (Japan)
- Associated British Foods plc (UK)
- Kerry Group plc (Ireland)
- Sensient Technologies Corporation (US)
- Döhler Group (Germany)
- SHS Group (Ireland)
- Worlée Gruppe (Germany)
- Watkins Incorporated (U.S)
- Ariake Japan Co. Ltd (Japan)
- MDH (India)
- Everest Spices (India)
- Asquare Food & Beverages Pvt Ltd (Zoff Foods) (India)
- B&G Foods, Inc (USA)
- LianFu Food (China)
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 236 |
Published | April 2023 |
Forecast Period | 2022 - 2031 |
Estimated Market Value ( USD | $ 26.25 Billion |
Forecasted Market Value ( USD | $ 54.45 Billion |
Compound Annual Growth Rate | 8.9% |
Regions Covered | Global |