The Herbs And Spices Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Herbs And Spices Market?
The market size for herbs and spices has experienced significant growth lately. The market, valued at $183.49 billion in 2024, is projected to rise to $195.15 billion in 2025, marking a Compound Annual Growth Rate (CAGR) of 6.4%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Herbs And Spices Industry?
The Herbs And Spices Global Market is projected to grow to a market size of $247.12 billion in 2029, with a compound annual growth rate (CAGR) of 6.1%.
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What are the Key Growth Drivers Fueling the Herbs And Spices Market?
The key drivers in the herbs and spices market are:
• Increased demand for immune-boosting spices
• Increasing preference for bold flavors in food
• Expansion of digital marketplaces for herbs and spices
• Growing foodservice industry worldwide
Global Market Segmentation: Identifying Major Herbs And Spices Industry Segments
The herbs and spices market covered in this report is segmented –
1) By Product Type: Herbs, Spices, Paprika (Hot Pepper), Cumin
2) By Form: Powder And Granules, Flakes, Paste, Whole Or Fresh
3) By Sales Channel: Direct Sales, Indirect Sales
4) By End Use: Food, Beverage, Food Service, Retail Sales
Subsegments:
1) By Herbs: Basil, Oregano, Thyme, Rosemary, Parsley, Mint
2) By Spices: Black Pepper, Turmeric, Cinnamon, Cardamom, Cloves, Ginger
3) By Paprika (Hot Pepper): Smoked Paprika, Sweet Paprika, Hot Paprika
4) By Cumin: Whole Cumin Seeds, Ground Cumin, Black Cumin
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What are the emerging Trends Shaping the Future of the Herbs And Spices Market?
The key trends in the herbs and spices market are:
• Implementation of sustainable sourcing practices is becoming an important trend in the market.
• Another emerging trend is the wide adoption of organic and non-GMO certifications.
• Enhanced processing techniques and innovative packaging for extended shelf life are other key trends.
• The use of AI for supply chain optimization and the innovation of medicinal spices and spice blends that cater to global culinary trends are on the rise.
Who Are the Top Competitors & Leading Players in the Herbs And Spices Market?
Major players in the herbs and spices market are:
• Associated British Foods plc
• Olam International
• McCormick & Company Inc.
• Sensient Technologies Corporation
• Döhler GmbH
• Synthite Industries Ltd.
• Everest Spices
• DS Group
• Elite Spice Inc.
• Frontier Co-op
• Mountain Rose Herbs
• Raps GmbH & Co. KG
• Pacific Spice Company, Inc.
• Bart Ingredients Company Ltd.
• Badia Spices Inc.
• Organic Herb Inc.
• Vanns Spices Ltd.
• Baron Spices & Seasonings
• Durkee-Mower Inc.
• Ganesha Foods
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the herbs and spices market in 2024
