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The spices and seasonings market size is projected to increase by USD 6.63 billion at a CAGR of 5.52% between 2023 and 2028. 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 cuisine 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 2018 to 2022.
The market shows an Accelerated CAGR during the forecast period.
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The Market for spices and seasonings is a significant and dynamic sector, replete with a rich array of products. This market encompasses a diverse range of ingredients, including cinnamon, nutmeg, turmeric, ginger, and cardamom. These aromatic substances are integral to various global cuisines, adding flavor, depth, and complexity to dishes. The Refining Bakery industry is a major consumer of spices and seasonings, utilizing them extensively in the production of baked goods. Infinities of consumers worldwide appreciate the role these ingredients play in enhancing the taste and appeal of their favorite foods. The Global market is another burgeoning segment, offering automated solutions for the application of spices and seasonings in industrial food processing. This market caters to the growing demand for efficient, consistent, and hygienic food production methods. The Blending and packaging of spices and seasonings is a critical process, ensuring the preservation of their aroma, flavor, and nutritional value. The Nutritional benefits of these ingredients, coupled with their versatility and wide-ranging applications, make them an indispensable component of the global food industry. The Cardamom market, in particular, is experiencing robust growth due to its increasing popularity in various culinary applications and its numerous health benefits. The market for cardamom is expected to continue its upward trajectory, driven by consumer preferences and the expanding food industry.
The details and qualities of the spices and seasonings market have been a topic of interest for food manufacturers and consumers alike. Digestion of foods is facilitated by the use of these essential components, such as rates, rates, and digestion. The essential oils in spices and seasonings, like systems, dishes, and manufacturers, contribute to the unique flavors and aromas that enhance culinary creations. Foods and feet, essential for a balanced diet, are often enriched with seasonings and spices. Ratios of various spices and seasonings, like essential oils and capsulators, are crucial in creating distinct flavors and aromas. The use of funds, like essential oils and manufacturers, adds depth and complexity to dishes. The market for these essential components is vast and diverse, with ground and whole forms available in various quantities. The use of these components is not limited to the food industry, as they are also used in pharmaceuticals and cosmetics. The importance of these components in our daily lives cannot be overstated, making them an integral part of our diets and lifestyles.
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. In the food industry, spices and seasonings play a significant role as essential ingredients for enhancing taste, flavor, and providing natural nutrition to foods. Food manufacturers utilize a variety of fragrant, fresh, and hardy herbs and spices such as garlic, ginger, cumin seeds, turmeric, pepper, nutmeg, oregano, and more, in their new formulations and products. These natural ingredients offer numerous health benefits, including antioxidant properties that help fight against fungal infestation and microbial contamination. Ground spices like cumin, ginger, and pepper are popular for their pungent and savory flavors, while herbs like oregano and garlic provide a laxative effect and help alleviate symptoms of heartburn and nausea. High-quality oleoresins extracted from these spices and herbs are used in marinades, sauces, rubs, and seasonings, extending the shelf life of meals and adding an invisible microfilm of natural nutrition. People have long used spices and seasonings for medicinal purposes, with turmeric known for its anti-inflammatory properties, black pepper for treating nerve pain and scabies, and cumin seeds for building the immune system. The popularity of these natural ingredients continues to grow in the seasonings market, offering both fun and functionality to meals.
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. Major players in the spices and seasonings market expanding their reach. Food manufacturers continue to explore new geographies and segments, incorporating fresh, fragrant, and natural ingredients into their offerings. Notable acquisitions include McCormick's purchase of FONA International in late 2020 and ABFI's acquisition of Fytexia Group in early 2022. Gourmet spices and seasonings, such as garlic, ginger, nutmeg, oregano, and pepper, are essential for various meals and cuisine. These natural ingredients offer numerous health benefits, including reducing the risk of heartburn and acting as a laxative. However, they are susceptible to microbial contamination and fungal infestation, which can impact their shelf life and quality. To ensure high-quality and freshness, food manufacturers use ground spices, oleoresins, and natural herbs. New formulations and products are constantly being developed to cater to the evolving preferences of people. Marinades, rubs, sauces, and savory seasonings are popular choices for enhancing the taste of meals while providing natural nutrition. Despite their benefits, some spices can cause adverse effects, such as nausea or a pungent smell, if not used in the right quantities. Proper storage and handling are crucial to maintain the invisible microfilm that preserves their flavor and aroma. The spices and seasonings market continues to grow in popularity, driven by the demand for natural ingredients and the health benefits they offer.
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 global market for spices and seasonings faces challenges due to contamination issues, which can negatively impact both consumer health and market growth. Food manufacturers in the food industry produce and package these fragrant foods, which can be susceptible to fungal infestations, microbial contamination, and the presence of invisible microfilms. Contaminated products, such as garlic and ginger, can lead to health hazards like nausea and heartburn. High-quality herbs and spices, including ground pepper, nutmeg, oregano, and oleoresins, can be affected by these issues, leading to recalls and damage to brand reputation. New formulations and products, like marinades and savory rubs, are also at risk. Shelf life can be reduced by contamination, affecting the freshness and natural nutrition of these natural ingredients. Factors like hardened vegetable oil and laxative effect can further complicate matters. Despite these challenges, the popularity of fresh, fragrant, and high-quality seasonings continues to drive market growth.
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.
In the dynamic world of food and beverage industry, spices and seasonings play a crucial role in enhancing the taste and flavor of various dishes. The global market for spices and seasonings is a significant one, with key players contributing from countries like India, China, and the United States. The market is driven by several factors, including the increasing demand for convenience foods, the growing popularity of ethnic cuisines, and the rising health consciousness among consumers. Cloves, cinnamon, and nutmeg are some of the commonly used spices in various cuisine around the world. Flavors like cardamom, ginger, and turmeric are essential ingredients in Indian and Middle Eastern dishes, while cumin, paprika, and chili powder are popular in Mexican and American cuisine. The market for spices and seasonings is expected to grow at a significant rate in the coming years, with the increasing demand for organic and natural products being a major trend. Brands are focusing on innovation and product development to cater to the changing consumer preferences. Moreover, the e-commerce sector is playing a significant role in the growth of the spices and seasonings market, with online sales contributing to a significant portion of the total revenue. The use of technology and digital marketing strategies is also becoming increasingly important for brands to reach out to consumers and build brand loyalty. In conclusion, the spices and seasonings market is a dynamic and growing one, driven by various factors like changing consumer preferences, innovation, and digital marketing. Key players in the market are focusing on these trends to cater to the evolving needs of consumers and build strong brands.
By End-User
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.
The retail segment was valued at USD 7.36 billion in 2018. The market encompasses packaged aromatic blends of acid reflux and acute gastritis-alleviating spices, sold through various retail channels. Retail sector growth, including supermarkets, hypermarkets, and convenience stores, fuels market demand. Retail expansion in local and regional markets increases offline sales. Spices, such as cardamom, cinnamon, and cloves, offer aroma, flavor enhancement, and coloring effects for various cuisines, including bakery, confectionery, and condiments. Clean-label products, essential oils, and dried spices cater to consumers seeking balanced nutrition and flavor options. Spices also play a crucial role in cooking, especially in exotic cuisines, and can deteriorate the quality of dishes if not used properly. Food encapsulation technology ensures spice freshness and flavor retention in convenience food Hence, such factors will drive the growth of the seasonings spices market segment during the forecast period.
By Product
The market in the food industry experienced significant growth in 2022, with a focus on fragrant and fresh ingredients. Food manufacturers catered to the gourmet market, offering high-quality herbs and spices, including garlic, ginger, nutmeg, oregano, and pepper. Natural ingredients, such as oleoresins, were used to enhance the savory and pungent flavors of meals. However, challenges persisted, such as the risk of fungal infestation and microbial contamination, affecting shelf life. To address health concerns, new formulations of seasonings, including salt substitutes, gained popularity. These alternatives, often containing potassium chloride, offered health benefits for people with diabetes and high blood pressure, reducing the risk of heartburn and nausea. Ground spices and marinades were essential components of various cuisines, while hardened vegetable oil was used as a base for rubs and sauces. The seasonings market continued to evolve, with new products and innovative uses, ensuring a fun and exciting experience for consumers.
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APAC is estimated to contribute 34% to the growth of the global market during the forecast period
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Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout 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. Key growth factors include the introduction of diverse blends, increasing use of online grocery shopping, and rising demand for balanced nutrition. Consumers seek aromatic options like cinnamon, cardamom, and cloves for flavor enhancement in various cuisines, including Asian. The market encompasses condiments, baking, and confectionery, addressing diverse needs. Spices and seasonings offer a coloring effect and are integral to digestion, yet some, like fermented sugar, may deteriorates the quality and cause issues such as acid reflux or acute gastritis. Clean-label products, essential oils, and flavor options cater to modern consumers' preferences. Cooking at home remains popular, with spices playing a crucial role in enhancing dishes' flavorsome appeal. Food encapsulation technology ensures the preservation of these essential ingredients.
Thus, owing to such factors the segment is expected to grow during the forecast period.
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 market forecasting growth and analysis.
The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 10 market companies, including:
Ajinomoto Co. Inc., ARIAKE Japan Co. Ltd., Associated British Foods Plc, Badshah Masala, C.H. Guenther and Son Inc., 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., and Zoff Foods Pvt. Ltd.
The market analysis and report of 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 research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
In the dynamic world of food and beverage industry, spices and seasonings play a crucial role in enhancing the taste and flavor of various dishes. The global market for spices and seasonings is a significant one, with key players contributing from countries like India, China, and the United States. The market is driven by several factors, including the increasing demand for convenience foods, the growing popularity of ethnic cuisines, and the rising health consciousness among consumers. Cloves, cinnamon, and nutmeg are some of the commonly used spices in various cuisines around the world. Flavors like cardamom, ginger, and turmeric are essential ingredients in Indian and Middle Eastern dishes, while cumin, paprika, and chili powder are popular in Mexican and American cuisines.
The market for spices and seasonings is expected to grow at a significant rate in the coming years, with the increasing demand for organic and natural products being a major trend. Brands are focusing on innovation and product development to cater to the changing consumer preferences. Moreover, the e-commerce sector is playing a significant role in the growth of the market, with online sales contributing to a significant portion of the total revenue. The use of technology and digital marketing strategies is also becoming increasingly important for brands to reach out to consumers and build brand loyalty. In conclusion, the spices and seasonings market is a dynamic and growing one, driven by various factors like changing consumer preferences, innovation, and digital marketing. Key players in the market are focusing on these trends to cater to the evolving needs of consumers and build strong brands.
In the multi-billion dollar food industry , the role of spices and seasonings cannot be overstated. Patent evaluations are ongoing to improve the quality and integrity of these essential ingredients. At conferences and webinars, industry experts discuss the latest trends, such as the clean label preference for whole spices over artificial additives and preservatives. The digestion system plays a crucial role in the consumption of spices. Capsaicin , a compound found in chili peppers, can irritate the stomach or intestine and affect digestion rate. To mitigate these issues, encapsulation of spices is employed, ensuring a freeflowing, easy-to-handle powder with enhanced flavor.
Turmeric spices are popular due to their health benefits. However, concerns about bacterial infestation and quality of spices necessitate stringent warehousing facilities and digitalization to maintain transparency and traceability. The spice market caters to various dietary preferences, including veganism and vegetarianism . As the industry evolves, companies focus on tastetech innovations to provide original and untreated spices, ensuring food safety and consumer satisfaction. The fight against spice adulteration continues, with ongoing efforts to combat this issue and maintain the authenticity and integrity of the spices and seasonings used in the food industry.
In the multibillion dollar industry of conference and webinar events, the Spices and Seasonings Market continues to be a significant player, particularly in the ethnic flavors and local cuisines sector. Olam International, a leading agribusiness company, plays a pivotal role in this market, specializing in chili powder blends and other seasoning and spices. Pixlee and Loop Commerce, digital marketing platforms, have been instrumental in promoting these products, allowing businesses to reach a wider audience. Garlic and parsley, oregano and fennel, peppermint and basil - these are just a few of the many spices and seasonings that add zest to our meals. The powder segment, in particular, has seen robust growth due to its convenience and versatility. Whole seasoning, on the other hand, is preferred by those seeking authentic flavors and textures. The Spices and Seasonings Market is a vibrant and dynamic space, continually evolving to meet consumer demands and trends. It's an exciting industry to watch, with endless possibilities for innovation and growth.
Industry Scope |
|
Report Coverage |
Details |
Page number |
177 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.52% |
Market growth 2024-2028 |
USD 6.63 billion |
Market structure |
USD Fragmented |
YoY growth 2023-2024(%) |
5.12 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
APAC at 34% |
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., ARIAKE Japan Co. Ltd., Associated British Foods Plc, Badshah Masala, C.H. Guenther and Son Inc., 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., and Zoff Foods Pvt. Ltd. |
Market dynamics |
Parent market analysis, market trends, market trends and analysis, market growth analysis, market research and growth, market growth and trends, market forecast, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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