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Spices and Seasonings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 142 pages | ID: SD9FA4A44E6BEN
IMARC Group

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The global spices and seasonings market size reached US$ 25.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 35.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.37% during 2023-2028.The increasing demand for ready-to-eat (RTE) food products, rising utilization in fermented food items, and the growing consumption of herbal teas to improve metabolism represent some of the key factors driving the market.

Spices and seasonings are flavoring agents extracted from plants and other natural sources, which are added to different dishes for enhancing their taste and aroma. They comprise pepper, oregano, paprika, cardamom, cinnamon, cumin, fenugreek, coriander, and asafetida. They also consist of various herbs that are dried and dehydrated and ground into powder, such as rosemary, mint, thyme, and dill. They are a rich source of antioxidants that assist in reducing oxidative stress in the body, fighting against inflammation, and reducing the occurrence of various chronic diseases. They also aid in improving gut health, relieving nausea, lowering abdominal bloating, and managing pain during bowel movements. Spices and seasonings lower blood sugar levels by breaking down carbohydrates and improving insulin sensitivity. They help cure headaches, panic attacks, and anxiety by soothing the nerves when combined and consumed in teas. They also prevent the occurrence of allergies, nasal congestion, and cough with their herbal healing properties. As they improve the flavor of various food items and offer numerous health benefits, spices and seasonings are utilized in the confectionery, food and beverage (F&B), and medical industries across the globe.

Spices and Seasonings Market Trends:
At present, the increasing utilization of spices and seasonings in the food and beverage (F&B) industry to produce various processed foods and bottled beverages represents one of the primary factors influencing the market positively. Besides this, the rising consumption of various convenient and ready-to-eat (RTE) food products to save time and eliminate the requirement of cooking is propelling the growth of the market. In addition, the growing demand for spices and seasonings as preservatives and antibacterial agents to increase the shelf-life of various fermented foods and beverages is offering a favorable market outlook. Apart from this, the rising number of distribution channels and e-commerce brands selling organic spices and seasonings online is contributing to the growth of the market. Additionally, the increasing number of restaurants, cafes, and fast-food chains serving flavorful dishes to consumers is supporting the market growth. Moreover, the rising consumption of healthy herbal teas to soothe nerves, improve metabolism, and enhance digestion is bolstering the market growth. Furthermore, key market players are manufacturing premium quality spice blends with enhanced aroma and flavor to prepare various exotic dishes.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global spices and seasonings market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product and application.

Product Insights:

Salt and Salt Substitutes
Herbs
Thyme
Basil
Oregano
Parsley
Others
Spices
Pepper
Cardamom
Cinnamon
Clove
Nutmeg
Others

The report has provided a detailed breakup and analysis of the spices and seasonings market based on the product. This includes salt and salt substitutes; herbs (thyme, basil, oregano, parsley, and others); and spices (pepper, cardamom, cinnamon, clove, nutmeg, and others). According to the report, spices (pepper, cardamom, cinnamon, clove, nutmeg, and others) accounted for the largest market share.

Application Insights:
Meat & Poultry Products
Snacks & Convenience Food
Soups, Sauces and Dressings
Bakery & Confectionery
Frozen Products
Beverages
Others

A detailed breakup and analysis of the spices and seasonings market based on the application has also been provided in the report. This includes meat and poultry products; snack and convenience foods; soups, sauces and dressings; bakery and confectionery; frozen products; beverages; and others. According to the report, meat and poultry products accounted for the largest market share.

Regional Insights:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa


The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, Asia Pacific was the largest market for spices and seasonings. Some of the factors driving Asia Pacific spices and seasonings market included the increasing influence of various culture on food habits, rising awareness about medicinal benefits of spices, the burgeoning food processing sector, etc.

Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global spices and seasonings market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Ajinomoto Co. Inc., ARIAKE JAPAN Co. Ltd., Associated British Foods plc, Baria Pepper Co. Ltd., Dцhler GmbH, DS Group, EVEREST Food Products Pvt. Ltd., The Kraft Heinz Company, Kerry Group plc, McCormick & Company, Olam International, Sensient Technologies Corporation, SHS Group, Spice Hunter (Sauer Brands Inc.), Unilever plc, and Worlйe-Chemie GmbH. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:
How has the global spices and seasonings market performed so far and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global spices and seasonings market?
What are the key regional markets?
Which countries represent the most attractive spices and seasonings markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the application?
What is the competitive structure of the global spices and seasonings market?
Who are the key players/companies in the global spices and seasonings market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL SPICES AND SEASONINGS MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY PRODUCT

6.1 Salt and Salt Substitutes
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Herbs
  6.2.1 Market Trends
  6.2.2 Major Types
    6.2.2.1 Thyme
    6.2.2.2 Basil
    6.2.2.3 Oregano
    6.2.2.4 Parsley
    6.2.2.5 Others
  6.2.3 Market Forecast
6.3 Spices
  6.3.1 Market Trends
  6.3.2 Major Types
    6.3.2.1 Pepper
    6.3.2.2 Cardamom
    6.3.2.3 Cinnamon
    6.3.2.4 Clove
    6.3.2.5 Nutmeg
    6.3.2.6 Others
  6.3.3 Market Forecast

7 MARKET BREAKUP BY APPLICATION

7.1 Meat & Poultry Products
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Snacks & Convenience Foods
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Soups, Sauces and Dressings
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Bakery & Confectionery
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5 Frozen Products
  7.5.1 Market Trends
  7.5.2 Market Forecast
7.6 Beverages
  7.6.1 Market Trends
  7.6.2 Market Forecast
7.7 Others
  7.7.1 Market Trends
  7.7.2 Market Forecast

8 MARKET BREAKUP BY REGION

8.1 North America
  8.1.1 United States
    8.1.1.1 Market Trends
    8.1.1.2 Market Forecast
  8.1.2 Canada
    8.1.2.1 Market Trends
    8.1.2.2 Market Forecast
8.2 Asia Pacific
  8.2.1 China
    8.2.1.1 Market Trends
    8.2.1.2 Market Forecast
  8.2.2 Japan
    8.2.2.1 Market Trends
    8.2.2.2 Market Forecast
  8.2.3 India
    8.2.3.1 Market Trends
    8.2.3.2 Market Forecast
  8.2.4 South Korea
    8.2.4.1 Market Trends
    8.2.4.2 Market Forecast
  8.2.5 Australia
    8.2.5.1 Market Trends
    8.2.5.2 Market Forecast
  8.2.6 Indonesia
    8.2.6.1 Market Trends
    8.2.6.2 Market Forecast
  8.2.7 Others
    8.2.7.1 Market Trends
    8.2.7.2 Market Forecast
8.3 Europe
  8.3.1 Germany
    8.3.1.1 Market Trends
    8.3.1.2 Market Forecast
  8.3.2 France
    8.3.2.1 Market Trends
    8.3.2.2 Market Forecast
  8.3.3 United Kingdom
    8.3.3.1 Market Trends
    8.3.3.2 Market Forecast
  8.3.4 Italy
    8.3.4.1 Market Trends
    8.3.4.2 Market Forecast
  8.3.5 Spain
    8.3.5.1 Market Trends
    8.3.5.2 Market Forecast
  8.3.6 Russia
    8.3.6.1 Market Trends
    8.3.6.2 Market Forecast
  8.3.7 Others
    8.3.7.1 Market Trends
    8.3.7.2 Market Forecast
8.4 Latin America
  8.4.1 Brazil
    8.4.1.1 Market Trends
    8.4.1.2 Market Forecast
  8.4.2 Mexico
    8.4.2.1 Market Trends
    8.4.2.2 Market Forecast
  8.4.3 Others
    8.4.3.1 Market Trends
    8.4.3.2 Market Forecast
8.5 Middle East and Africa
  8.5.1 Market Trends
  8.5.2 Market Breakup by Country
  8.5.3 Market Forecast

9 SWOT ANALYSIS

9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats

10 VALUE CHAIN ANALYSIS

11 PORTERS FIVE FORCES ANALYSIS

11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes

12 PRICE ANALYSIS

12.1 Key Price Indicators
12.2 Price Structure

13 COMPETITIVE LANDSCAPE

13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
  13.3.1 Ajinomoto Co. Inc.
    13.3.1.1 Company Overview
    13.3.1.2 Product Portfolio
    13.3.1.3 Financials
    13.3.1.4 SWOT Analysis
  13.3.2 ARIAKE JAPAN Co. Ltd.
    13.3.2.1 Company Overview
    13.3.2.2 Product Portfolio
    13.3.2.3 Financials
    13.3.2.4 SWOT Analysis
  13.3.3 Associated British Foods plc
    13.3.3.1 Company Overview
    13.3.3.2 Product Portfolio
    13.3.3.3 Financials
    13.3.3.4 SWOT Analysis
  13.3.4 Baria Pepper Co. Ltd.
    13.3.4.1 Company Overview
    13.3.4.2 Product Portfolio
  13.3.5 Dцhler
    13.3.5.1 Company Overview
    13.3.5.2 Product Portfolio
  13.3.6 DS Group
    13.3.6.1 Company Overview
    13.3.6.2 Product Portfolio
  13.3.7 EVEREST Food Products Pvt. Ltd.
    13.3.7.1 Company Overview
    13.3.7.2 Product Portfolio
  13.3.8 The Kraft Heinz Company
    13.3.8.1 Company Overview
    13.3.8.2 Product Portfolio
    13.3.8.3 Financials
    13.3.8.4 SWOT Analysis
  13.3.9 Kerry Group plc
    13.3.9.1 Company Overview
    13.3.9.2 Product Portfolio
    13.3.9.3 Financials
  13.3.10 McCormick & Company
    13.3.10.1 Company Overview
    13.3.10.2 Product Portfolio
    13.3.10.3 Financials
    13.3.10.4 SWOT Analysis
  13.3.11 Olam International
    13.3.11.1 Company Overview
    13.3.11.2 Product Portfolio
    13.3.11.3 Financials
  13.3.12 Sensient Technologies Corporation
    13.3.12.1 Company Overview
    13.3.12.2 Product Portfolio
    13.3.12.3 Financials
    13.3.12.4 SWOT Analysis
  13.3.13 SHS Group
    13.3.13.1 Company Overview
    13.3.13.2 Product Portfolio
  13.3.14 Spice Hunter (Sauer Brands Inc.)
    13.3.14.1 Company Overview
    13.3.14.2 Product Portfolio
  13.3.15 Unilever plc
    13.3.15.1 Company Overview
    13.3.15.2 Product Portfolio
  13.3.16 Worlйe-Chemie GmbH
    13.3.16.1 Company Overview
    13.3.16.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Spices and Seasonings Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Spices and Seasonings Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Spices and Seasonings Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Spices and Seasonings Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Spices and Seasonings Market: Competitive Structure
Table 6: Global: Spices and Seasonings Market: Key Players

LIST OF FIGURES

Figure 1: Global: Spices and Seasonings Market: Major Drivers and Challenges
Figure 2: Global: Spices and Seasonings Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Spices and Seasonings Market: Breakup by Product (in %), 2022
Figure 4: Global: Spices and Seasonings Market: Breakup by Application (in %), 2022
Figure 5: Global: Spices and Seasonings Market: Breakup by Region (in %), 2022
Figure 6: Global: Spices and Seasonings Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 7: Global: Spices and Seasonings (Salt and Salt Substitutes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Spices and Seasonings (Salt and Salt Substitutes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Spices and Seasonings (Herbs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Spices and Seasonings (Herbs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Spices and Seasonings (Spices) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Spices and Seasonings (Spices) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Spices and Seasonings (Meat & Poultry Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Spices and Seasonings (Meat & Poultry Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Spices and Seasonings (Snacks & Convenience Food) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Spices and Seasonings (Snacks & Convenience Food) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Spices and Seasonings (Soups, Sauces, and Dressings) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Spices and Seasonings (Soups, Sauces, and Dressings) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Spices and Seasonings (Bakery & Confectionery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Spices and Seasonings (Bakery & Confectionery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Spices and Seasonings (Frozen Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Spices and Seasonings (Frozen Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Spices and Seasonings (Beverages) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Spices and Seasonings (Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Spices and Seasonings (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Spices and Seasonings (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: North America: Spices and Seasonings Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: North America: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: United States: Spices and Seasonings Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: United States: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Canada: Spices and Seasonings Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Canada: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Asia Pacific: Spices and Seasonings Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Asia Pacific: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: China: Spices and Seasonings Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: China: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Japan: Spices and Seasonings Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Japan: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: India: Spices and Seasonings Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: India: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: South Korea: Spices and Seasonings Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: South Korea: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Australia: Spices and Seasonings Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Australia: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Indonesia: Spices and Seasonings Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Indonesia: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Others: Spices and Seasonings Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Others: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Europe: Spices and Seasonings Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Europe: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Germany: Spices and Seasonings Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Germany: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: France: Spices and Seasonings Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: France: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: United Kingdom: Spices and Seasonings Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: United Kingdom: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Italy: Spices and Seasonings Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Italy: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Spain: Spices and Seasonings Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Spain: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Russia: Spices and Seasonings Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Russia: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Others: Spices and Seasonings Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Others: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Latin America: Spices and Seasonings Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Latin America: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Brazil: Spices and Seasonings Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Brazil: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Mexico: Spices and Seasonings Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Mexico: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Others: Spices and Seasonings Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Others: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Middle East and Africa: Spices and Seasonings Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Middle East and Africa: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Global: Spices and Seasonings Industry: SWOT Analysis
Figure 76: Global: Spices and Seasonings Industry: Value Chain Analysis
Figure 77: Global: Spices and Seasonings Industry: Porter’s Five Forces Analysis


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