Spices and Seasoning Market is segmented By Product type (Baking, BBQ & Grilling, Chili & Paprika, Dips & Dressing, Marinades, Salt & Pepper), By End User (Industrial, Consumer), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031.
Spices and Seasoning Market Size
Global Spices and Seasoning Market reached USD 38.4 billion in 2022 and is expected to reach USD 58.4 billion by 2031 growing with a CAGR of 5.4% during the forecast period 2024-2031. The rising awareness of the medical benefits of spices and seasonings is driving the global spices and seasoning market growth.
The rising consumer demand for a wide range of flavor options for food is increasing the market expansion. Most people want organic, high-quality, and premium spices and seasonings. The increasing preference for Western cuisines, and the growing fast food and packaged food industries are expanding the market growth.
The availability of spices and seasonings in various forms, such as whole spices, ground spices, and blends, is driving the market expansion. The many spices and seasonings are used in convenience foods to enhance the flavor & quality of the products. They also help in extending the shelf life of the products. Furthermore, the shifting consumer inclination towards healthier and more natural products is driving market growth.
Spices and Seasoning Market Summary
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Metrics |
Details |
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CAGR |
5.4% |
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Size Available for Years |
2022-2031 |
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Forecast Period |
2024-2031 |
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Data Availability |
Value (US$) |
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Segments Covered |
Product Type, End User, and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
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Fastest Growing Region |
Asia-Pacific |
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Largest Region |
North America |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other vital Insights. |
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Spices and Seasoning Market Dynamics
Health Benefits of Spices and Seasoning are Driving the Market Growth.
Various spices and seasonings have health provide health advantages to the body driving the market growth. Besides providing taste and flavor, spices and seasonings also have many health advantages. The antioxidant capabilities of spices and seasonings, culinary herbs, and spice extracts are utilized to cure health issues or diseases. Turmeric has antioxidant content, and it can help in preventing diseases like alzheimer’s.
The antiseptic nature of cumin seeds helps develop the immune system. These cumin seeds are also used in cosmetics and medication preparation. Furthermore, in the manufacture of pharmaceuticals black pepper powder is used. They are widely used in treating gastrointestinal problems, and pneumonia. The presence of rich antioxidants helps in providing better health.
Increasing Demand for Processed Foods Drives the Market Growth.
The increasing consumer preferences for healthy food and lifestyle are driving the global spices and seasoning market expansion. The growing demand for the processed food industry is increasing the demand for spices and seasonings. The investments of various food companies in the food processing industry, and the increase in consumer spending owing to changing lifestyles boost the market growth.
The increasing working women population, growing preference for organic ingredients, new product developments, and increasing retail channels on savory snacks, soups, noodles, beverages, and ready-to-eat food, particularly in developed countries, are driving the market growth. Also, the growing demand for spices in the sectors such as sauces, salads, and dressings, is driving the market growth significantly.
Side Effects of Excess Spice Consumption Restrains the Market Growth.
Spices and seasonings have various applications in daily life. The frequent consumption of these products can cause adverse health effects on the human body. Most commonly, the excessive use of consumption of spices and seasoning can lead to disturbances in the digestion system processes. The irritation, burning sensation, stomach ache, vomiting, and others are some of the side effects of excessive spice and seasoning consumption.
The acidity can be triggered by spicy foods containing capsaicin. This slows down the digestion rate and develops heartburn. Acute gastritis can be caused due to spices and seasoning higher consumption. The ill effects of excess spice consumption are a major restraining factor for the spices and seasonings market's growth.
Spices and Seasoning Market Segment Analysis
The global spices and seasoning market is segmented based on product type, end-user, and region.
In the Spices and Seasoning Market, the Chili & Paprika Segment Holds the Largest Market Share.
The global spices and seasoning market has been segmented by product type into baking, BBQ & grilling, chili & paprika, dips &dressing, marinades, salt & pepper, and others. The chili & paprika segment held the largest spices and seasoning market share of 30.8% in 2022 in the spices and seasoning market analysis report. The increasing use of chili and paprika is driving the segment’s growth.
Chili and paprika are used in most the dishes for their taste, flavor, and color. The chili & paprika are used in Hungarian cuisine and hot and spicy dishes. The chili & paprika are used in several dishes such as stews, sausages, meat, and others. The increasing use of this chili & paprika in most of the dishes is driving the growth of the target segment.
Global Spices and Seasoning Market Geographical Share
The North America Held the Largest Share of the Global Spices and Seasoning Market.
The global spices and seasoning market is segmented into five parts based on geography: North America, South America, Europe, Asia-Pacific, the Middle East, and Africa. The North American spices and seasoning market held the largest market share of 38.6% in 2022 in the spices and seasoning market analysis. The rise in consumer awareness about the benefits of spices and seasoning is driving this region’s market growth.
The vast population, increasing demand for authentic ethnic flavors, and new product releases are driving the market growth in this region. For instance, in February 2021, The Pioneer Women, a lifestyle brand, has announced the launch of a new line of unique seasonings in collaboration with Old World Spices & Seasonings Inc. in the United States.
Spices and Seasoning Market Key Players
The major global players in the market include McCormick & Company, Lawry’s Foods LLC, Savory Spice LLC., Goya Foods, Inc., B&G Foods, Inc., Morton & Bassett LLC., Penzeys Spices, Inc., French’s Food Company LLC., Simply Organic Ltd., and Badia Spices Inc.
COVID-19 Impact on Spices and Seasoning Market
Global Recession/Ukraine-Russia War/COVID-19, and Artificial Intelligence Impact Analysis:
The unprecedented COVID-19 pandemic in 2020 profoundly affected the food support and service industry. Covid-19 has considerably impacted the global food support and service supply chain phases involving spices and seasoning production, processing, distribution, and consumption due to lockdowns and restrictions imposed by various governments.
Everything has changed due to the COVID-19 epidemic. It has influenced practically every industry, whether positively or negatively. The COVID-19 pandemic's effects on world economic conditions have had an influence. They could impact interest rates, foreign exchange rates, commodities and energy prices, and the efficient operation of financial and capital markets.
The COVID-19 pandemic issue has had an impact on the food support and service industries as well. The COVID-19 pandemic is upending life, and the food support and service sector is seeing increased trends like spices and seasoning. The food support and service businesses are launching innovative programs, including spices and seasoning, that are straightforward to utilize.
Key Developments
- In December 2022, Licious entered the spice segment by launching a range of meat masala. This includes Asli Garam Masala, Classic Chicken Masala, Classic Meat Masala, Khansama Biryani Masala, Original Tandoori Chicken Masala, Shandaar Butter Chicken Masala, Chatpata Fish Fry Masala and Dakshin Pepper Fry Masala.
- In November 2022, LifeSpice India announced the Pan India launch of LifeSpice - India’s first science-backed spice mixes.
- In September 2021, Olam Food Ingredients India Private Limited, launched 'Blends of the Americas'- the first collection in its new spice blends range. The 17 ready-to-use dry blends provide food service companies, manufacturers, and retailers with an easy, clean-label solution for creating authentic and consistent flavors.
Why Purchase the Report?
- To visualize the global spices and seasoning market segmentation based on product type, end user, and region and understand key commercial assets and players.
- Identify commercial opportunities in the market by analyzing trends and co-development.
- Excel data sheet with numerous data points of spices and seasoning market-level with all segments.
- The PDF report includes a comprehensive market analysis after exhaustive qualitative interviews and an in-depth market study.
- Product mapping is available as Excel consists of key products of all the major market players.
The Global Spices and Seasoning Market report would provide approximately 53 tables, 49 figures and 165 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
