What Has Been The Historical And Current Growth Of The Spices and Seasonings Market?
The spices and seasonings market has seen considerable growth due to a variety of factors.
• In the past few years, the market size for spices and seasonings has seen a significant growth. Its expansion is predicted to continue, moving from $26.88 billion in 2024 to reach $28.84 billion in 2025, marking a compound annual growth rate (CAGR) of 7.3%.
This ascending trend during the historical period is a result of escalated demand to use spices and seasonings to improve food taste, the rising trend of ethnic foods and home cooking, increased income levels, and pursuit of new culinary experiences. Other contributing factors include a heightened interest in experimenting with new flavors in the foodservice industry and processed food products, and consumers' increased demand for premium, health-friendly food ingredients.
What Is The Forecast For The Spices and Seasonings Market By 2029?
The spices and seasonings market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the size of the spices and seasonings market is projected to experience robust growth. It is anticipated to reach $40.17 billion in 2029 with a compound annual growth rate (CAGR) of 8.6%.
Factors contributing to this growth within the forecasted period include increased understanding of the health advantages of spices and seasonings, a rising demand for new, exotic, and organic tastes, amplified health consciousness among consumers, changing consumption habits, and an extended shelf-life. The forecast period is also expected to witness certain trends like the introduction of blended spices, the strong impact of climate conditions on spice crops, a preference for ethnic and regional flavors, emphasis on transparency and traceability, and tailored spice blends.
Which Key Drivers Are Propelling The Spices and Seasonings Market's Growth?
The spices and seasonings market is predicted to be driven forward by the expanding hospitality industry. The rise in disposable income, evolving travel patterns, and enhanced work-life balance are all contributing factors to the global expansion of the hospitality sector. The swift development of this industry is likely to surge the demand for spices and seasonings, which are extensively used in a wide array of global cuisines. As per the report by India Brand Equity Foundation (IBEF), it was suggested that in May 2022, the worth of domestic, international, and outbound hotel business in India stood at $32 billion in FY20 and is projected to reach $52 billion by FY27 due to increasing travel needs and continuous market expansion efforts by travel firms. Consequently, the predicted growth of the hospitality sector is likely to stimulate the growth of the spices and seasonings market within the forecasted time.
What Are The Key Segments Within The Global Spices and Seasonings Market?
The spices and seasonings market covered in this report is segmented –
1) By Type: Pepper, Capsicum, Ginger, Cinnamon, Cumin, Turmeric, Nutmeg & Mace, Cardamom, Coriander, Cloves, Other Types
2) By Nature: Organic, Conventional
3) By Application: Meat & Poultry Products, Snacks & Convenience Food, Soups, Sauces, And Dressings, Bakery & Confectionery, Frozen Products, Beverages, Other Applications
Subsegments:
1) By Pepper: Black Pepper, White Pepper, Green Pepper, Red Pepper
2) By Capsicum: Bell Peppers, Chili Peppers, Paprika
3) By Ginger: Fresh Ginger, Dried Ginger, Ground Ginger
4) By Cinnamon: Ceylon Cinnamon, Cassia Cinnamon, Ground Cinnamon
5) By Cumin: Whole Cumin Seeds, Ground Cumin
6) By Turmeric: Fresh Turmeric, Dried Turmeric, Ground Turmeric
7) By Nutmeg & Mace: Whole Nutmeg, Ground Nutmeg, Mace
8) By Cardamom: Green Cardamom, Black Cardamom, Ground Cardamom
9) By Coriander: Whole Coriander Seeds, Ground Coriander
10) By Other Types: Whole Cloves, Ground Cloves, Bay Leaves, Mustard Seeds, Fennel Seeds, Saffron, Other Specialty Spices
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How Are New Trends Impacting The Size Of The Spices and Seasonings Market?
Leading firms in the spice and seasoning market are adopting the strategy of introducing mixed spices in response to an increasing consumer preference for convenience, robust flavor complexities and unique taste experiences. The term 'mixed spices' implies a blend of various crushed spices, herbs and seasonings, formulated to produce a unique taste. All these products are created using top-quality, entirely natural elements, ensuring no usage of artificial colors, flavors, or preservatives, in line with the consumers' growing health consciousness. For example, Sunpure Sambar Powder, Sunpure Rasam Powder, and Sunpure Puliyogare Powder, all blended spices, were launched in September 2024 by MK Agrotech Pvt Ltd (sunpure), an Indian manufacturing organization. Each spice is obtained from its particular regional source to guarantee freshness and originality. As a company certified with ISO 22000:2018, Sunpure maintains strict quality control to ensure all their products uphold high standards of hygiene and safety.
Who Are the Key Players in the Spices and Seasonings Market?
Major companies operating in the spices and seasonings market include:
• McCormick & Company Incorporated
• Olam International Limited
• Ajinomoto Co. Inc.
• Associated British Foods plc
• Kerry Group plc
• Kikkoman Corporation
• Sensient Technologies Corporation
• Cargill Incorporated
• Döhler GmbH
• House Foods Group Inc.
• Baron Spices Inc.
• Prymat Sp. z o .o.
• SHS Group Limited
• The Kraft Heinz Company
• Unilever PLC
• Ariake Japan Co. Ltd.
• Baria Pepper Joint Stock Company
• The Bart Ingredients Co. Ltd.
• British Pepper & Spice Co. Ltd.
• Fuchs North America Inc.
• Givaudan SA
• Griffith Foods Worldwide Inc.
• International Flavors & Fragrances Inc.
• Mane SA
• Robertet SA
• Symrise AG
• Takasago International Corporation
• T. Hasegawa Co. Ltd.
• Firmenich SA
What are the Regional Insights into the Spices and Seasonings Market?
North America was the largest region in the spices and seasonings market in 2024. Asia-Pacific is expected to be the fastest-growing region in the spices and seasonings market share during the forecast period. The regions covered in the spices and seasonings market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
