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The spices and seasonings market is estimated to grow by USD 6.95 billion at a CAGR of 6.01% between 2022 and 2027.
The market growth depends on several factors, including a shifting consumer inclination towards healthier and more natural products. Consumers are increasingly seeking natural and clean-label flavors and ingredients due to rising awareness of their health benefits. This trend is driving a rising consumer demand for healthier food products influencing the market's growth trajectory. Additionally, factors such as the rising popularity of ethnic cuisines and the growing demand for ready-to-use spice mixes contribute to the market's expansion. These insights underscore the evolving preferences of consumers and the market's response to meet their demands. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The market plays a crucial role in enhancing the flavor profile of dishes across various cuisines. The market encompasses a wide range of products, including pepper, herbs, sauces, and salt. Consumers frequent stores and shops to procure their preferred spicy blends and seasoning salts. The spice market offers a diverse selection of rubs and seasoning blends, catering to different culinary preferences. With the increasing popularity of international cuisines, the demand for spices and seasonings continues to grow, driving the expansion of the seasonings market globally. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing awareness of the medical benefits of spices is notably driving the market growth. They are not just used for taste and flavor but also for the health benefits they possess. They have antioxidant properties and are, thus, used in food to treat health problems or diseases. For instance, black pepper powder is also used to make medicines. It is often used to cure stomach upset, bronchitis, and cancer. It is sometimes applied directly to the skin to treat nerve pain (neuralgia) and a skin disease called scabies. Black pepper is also typically used as a counterirritant for pain. As the medicinal properties of these products are backed by scientific evidence, consumer interest in these products has increased, driving the growth of the global market.
Furthermore, seasoning and spice companies have also started new advertising campaigns to encourage consumers to try recipes at home. Companies like McCormick and Kerry have also started campaigns on social media such as Facebook, Pinterest, and Twitter to help establish their brands' identities. Hence, these factors will continue driving the growth of the market during the forecast period.
The rising number of private-label brands is an emerging trend in the seasonings market. Private-label food ingredients products are becoming a key focus area for retailers worldwide. Various private-label brands are selling different types of products to increase their profitability, which is contributing to the growth of the global market. For instance, in India, several retailers such as More Supermarket, Big Bazar, Star Bazar by TATA, Grofers, and Big Basket offer a wide range of products and seasoning products through their private label brands.
Similarly, Tesco and Walmart (Sams Club) are some of the other major retailers offering private-label spices and seasonings. For instance, UK-based Tesco offers products under its brand Tesco. Hence, such factors will drive the growth of the global market during the forecast period.
The threat of contamination is a major challenge impeding the market. Contamination can happen at any supply chain stage, from the farm and production site to packaging, distribution, and storage. Crops grown in fields might get affected by E. coli and Salmonella, which might affect the final product. Similarly, the use of artificial ingredients and colors in the products also has a serious impact on the final product. There have been multiple cases when manufacturers of spice and seasoning products have used artificial colors, specifically red color, instead of red peppers.
If a product presents health risks to the well-being of the consumers, food regulatory and compliance authorities have the right to issue a notice to the company and manufacturers of the product. This will lead to product recalls. Contamination can lead to product recall and harm the revenue and reputation of the manufacturers. Therefore, such factors will hinder the growth of the global market during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the seasonings spices market.
Fuchs North America - The company is primarily involved in producing and supplying value-added seasonings, spices and flavor systems to the food manufacturing and food service industries. The key offerings of the company include spices and seasonings.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the retail segment will be significant during the forecast period. This includes packaged spices seasoning market that are sold to consumers through various retail stores such as supermarkets, hypermarkets, grocery stores, convenience stores, and organic stores for at-home consumption. The growth in retail sectors will also support the demand in the global market.
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The retail segment was valued at USD 6.84 billion in 2017 and continued to grow until 2021. The retail sector is witnessing the expansion of different retailing formats across the globe, which is expected to drive the demand during the forecast period. Various retailers, especially organized retailers, are expanding their stores in local and regional markets to increase sales through offline channels. The easy availability of spices seasonings market in retail shops has made the retail sector a significant end-user of spices and seasonings. The growing number of crookeries shows in developed and developing countries are also influencing consumers to shop for new products from the retail sector. Hence, such factors will drive the growth of the seasonings spices market segment during the forecast period.
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North America is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional market trends and drivers that shape the market during the forecast period.
The market in North America is expected to grow at a steady rate during the forecast period. The US and Canada are the key contributors to the US spices and seasoning market. The major factors contributing to market growth in North America are the launch of a wide variety of spices and seasonings, growing use of online platforms for purchasing groceries, increased demand for spices and seasonings, and a growing Asian population that uses more spices seasoning market in their traditional food. In addition, the growing health consciousness among people and increased consumer preference for convenient food options are driving the market in North America. Thus, owing to such factors the segment is expected to grow during the forecast period.
Turmeric, ginger, and other spices play a crucial role in the food industry, adding depth of flavor and aroma to various dishes. From savory meals to sweet confectionery, these spices are indispensable in creating flavorsome and fragrant culinary delights. The market has witnessed significant growth due to shifting consumer preferences towards healthier and more natural products. Consumers now seek natural and clean-label flavors, emphasizing balanced nutrition and clean-label products. However, challenges such as fungal and bacterial infestation pose risks to storage and maintenance facilities, stomach or intestine irritation, burning sensation, digestion rate, risk of heartburn, and necessitate advanced methods like controlled-release encapsulation for flavor enhancement and extended shelf life. Additionally, challenges such as microbial contamination and storage facilities impact the largest producer of spices globally, emphasizing the need for quality control and preservation techniques like controlled-release encapsulation, oleoresins, and essential oils to maintain food quality and integrity while enhancing flavor and coloring effects.
Additionally, the aroma of cinnamon and cardamom adds depth to a variety of dishes, from snacks to bakery delights. Nutmeg enriches the essence of traditional cooking, captivating the senses of discerning customers worldwide. Recent developments in spice blends infuse cloves and oregano with an Indian twist, while the pungency of garlic enhances savory condiments. For those seeking culinary adventure, exotic and gourmet flavors promise a journey of taste. Each fresh and tangy ingredient lends an aromatic allure, making every dish a memorable experience.
Key stakeholders in this multi-billion dollar industry cater to consumer preferences for delectable and unique cuisines, aligning with the growth of fast food and packaged food industries. There's a notable shift in consumer inclination towards healthier and more natural products, driving demand for whole spices, ground spices, blends, rubs, marinades, and sauces.
The market offers convenience foods with diverse flavor options, emphasizing high-quality and premium spices and seasonings. Growth insights highlight the importance of clean label and natural nutrition in meeting rising consumer demand for healthier options, leading food manufacturers to develop new formulations like Verdad Powder F80 with fermented sugar and other natural ingredients. However, market restraints include adverse effects of excess spice consumption on the digestion system, leading to issues like heartburn, acid reflux, and acute gastritis.
The market research report forecasts market growth by revenue at global, regional & country levels and provides market trends and analysis and growth opportunities from 2017 to 2027.
Seasonings Spices Market Scope |
|
Report Coverage |
Details |
Page number |
173 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.01% |
Market growth 2023-2027 |
USD 6,957.05 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.95 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 32% |
Key countries |
US, China, India, UK, and Germany |
Competitive landscape |
Leading Companies , Market Positioning of Companies , Competitive Strategies, and Industry Risks |
Key companies profiled |
Ajinomoto Co. Inc., Associated British Foods Plc, Badshah Masala, De Silva Brothers and Co., Dohler GmbH, DS Group, EVEREST Food Products Pvt. Ltd., Frontier Co. op, Fuchs North America, Kerry Group Plc, Mahashian Di Hatti Pvt. Ltd., McCormick and Co. Inc., Organic Spices Inc., Patanjali Ayurved Ltd., The Kraft Heinz Co., Unilever PLC, Woodland Foods Ltd., Zoff Foods Pvt. Ltd., ARIAKE Japan Co. Ltd., and C.H. Guenther and Son Inc. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market growth analysis for the forecast period. |
Customization purview |
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