Spices and Seasonings Market to Reach USD 27.4 billion by 2026

“The global spices and seasonings market size is projected to reach USD 27.4 billion by 2026”

The global spices and seasonings market is expected to grow from USD 21.3 billion in 2021 to USD 27.4 billion by 2026, at a CAGR of 5.2% from 2021 to 2026. Globally, the spices & seasonings market is driven by the growing demand for convenience food products, clean label trends, and natural preservatives for the meat industry. Growth in food product innovations to incorporate natural ingredients, increase in demand for health and wellness products, and rise in demand for ethnic and authentic food products are emerging opportunities for the spices & seasonings market.

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“Increasing health and wellness trend is leading to a rise in demand for clean label products, which is one of the major driving factors for the spices and seasonings market.”

Increasing consumption of healthy food products among modern consumers has led to increasing interest in the origin of the ingredients used to produce these products. Consumers prefer natural and clean-label flavors and ingredients as they are constantly looking for ‘natural’ nutrition and are opting for products that incorporate inherently natural, fresh, wholesome, and balanced nutrition. They largely perceive “clean label” as having a natural flavor and natural color. The food industry faces the challenge of finding natural ingredients, which will maintain food quality and integrity without compromising on the shelf life, taste, and texture of the food products. Furthermore, natural ingredients are costlier when compared to artificial flavors. Thus, the rising consumer demand for natural food ingredients is anticipated to increase the demand for spices and seasonings in the near future.

“The market for cloves segment amongst the various types of spices and seasonings is projected to grow at the highest CAGR between 2021 and 2026.”

Globally, the cloves segment is expected to increase at the highest CAGR during the forecast period. Originating in Indonesia, cloves are dried flower buds from the clove tree. Cloves are aromatic warm spices with an intense flavor and aroma. The flavor comes from the compound eugenol. Cloves are low in calories but a rich source of manganese. They’re otherwise an insignificant source of nutrients. Whole or ground cloves are used to flavor sauces, soups and rice dishes, notably a number of traditional Indian dishes, and it’s one of the components of garam masala. Whole cloves are either removed before serving or picked out of the dish. Even when cooked, whole cloves have a very hard, woody texture that would be unpleasant to bite into. Cloves also feature in any number of desserts, especially ground cloves. Cloves are often paired with cinnamon or nutmeg, but in general, it’s a good idea to use cloves sparingly.

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This release was published on openPR.