openPR Logo
Press release

High Organic Growth Quotient To Dictate The Growth Of The Spices Market

High Organic Growth Quotient To Dictate The Growth Of The Spices

As per the latest industry study by Persistence Market Research on spices, the global market is estimated to rise at a CAGR of 5.1% and top a valuation of US$ 233 Bn by 2031. Consumers are getting more conscious about what they eat, and want to know about the ingredients and nutrition value without compromising on the taste and flavor of food products. Spices play a key role in moulding food taste and flavor. Manufacturers are thus introducing new and innovative spice products into the market that give an authentic taste to food as well as are healthy for consumption.

To remain 'ahead' of your competitors, request for a samples@ https://www.persistencemarketresearch.com/samples/32805

Apart from this, spices possess excellent properties for enhancing beauty. The ongoing trends of 'Clean Beauty' and 'Green Beauty' are compelling cosmetic manufacturers to include natural ingredients and create new formulations.

Latest developments in this marketplace include:

In 2020, McCormick & Company, Inc. acquired 100% shares of FONA International, a global leader of natural and clean flavor providers, for use in various applications such as food, beverages, and nutritional products. The company also launched a new range of global organic seasonings under the brand 'McCormick Gourmet'.

In 2021, Olam International completely acquired Olde Thompson, a leading United States-based private-label spice and seasoning manufacturer.

The acquisition will help the company in the expansion of its private label offerings. The company also acquired United States-based Mizkan America, Inc. in 2020 to fulfil consumer demand for Mexican spices and flavors.
Key Takeaways from Market Study

South Asia holds majority share in the global market at 41%, followed by East Asia and North America with market shares of 14.6% and 14%, respectively.

On the basis of type, mustard is being used more and holds a market share of 16.9%, followed by turmeric and chili with shares of 12% and 11.2%, respectively.

On the basis of nature, conventional spices cover a share of more than 95% currently. However, demand for organic spices is expected to grow over the coming years.

The whole and powder forms of spices are used more in various end-use industries, with 55% and 31% shares, respectively.

Spices are majorly used in the food processing industry, which accounts for more than 46% market share followed by the foodservice industry that accounts for 19% share.

Get Methodology Report here@ https://www.persistencemarketresearch.com/methodology/32805

Competitive Landscape

The global spices market is dominated by the presence of a large number of manufacturers, but they are mostly region-specific. The market is highly fragmented, and thus, competition is expected to be intense as spices are not grown in every region and the market is more export-oriented.

Major spices producers are adopting strategies such as increasing existing production capacity and business expansion. With the recent trend of preference for healthy and nutritious food products, manufacturers provide higher quality spices to food & beverage manufacturers, and also other end-use industries.

For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/32805

Read More Trending "PMR Exclusive Article"

Global Market Study on Oat Flour: https://www.persistencemarketresearch.com/market-research/oat-flour-market.asp

Global Market Study on Feed Phosphate: https://www.persistencemarketresearch.com/market-research/feed-phosphate-market.asp

Contact us:

Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About us:

Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release High Organic Growth Quotient To Dictate The Growth Of The Spices Market here

News-ID: 2621528 • Views:

More Releases from Persistence Market Research

Power Quality Equipment Market Size to Reach US$54.2 Billion by 2032, Driven by Rising Demand for Reliable Power Supply
Power Quality Equipment Market Size to Reach US$54.2 Billion by 2032, Driven by …
Market Overview The global power quality equipment market is witnessing significant growth as industries, utilities, and commercial sectors increasingly emphasize uninterrupted and reliable electricity supply. According to Persistence Market Research's projections, the market size is expected to be valued at US$35.8 billion in 2025 and is projected to reach US$54.2 billion by 2032, expanding at a CAGR of 6.1% during the forecast period. This growth is fueled by rapid industrialization, rising
Anaerobic Adhesives Market Size to Reach US$894.5 Million by 2031, Driven by Expanding Industrial Applications and Demand for High-Performance Bonding Solutions
Anaerobic Adhesives Market Size to Reach US$894.5 Million by 2031, Driven by Exp …
Market Overview The global anaerobic adhesives market is experiencing steady growth as industries increasingly adopt advanced bonding solutions that enhance durability, reliability, and performance. According to Persistence Market Research's projections, the market is estimated to rise from US$613.9 million in 2024 to US$894.5 million by 2031, expanding at a CAGR of 5.5% during the forecast period. This growth is fueled by the rising demand from sectors such as automotive, aerospace, electronics,
Textile Coatings Market Size to Reach US$6.8 Billion by 2031, Fueled by Demand for Functional and Durable Fabrics
Textile Coatings Market Size to Reach US$6.8 Billion by 2031, Fueled by Demand f …
Market Overview The global textile coatings market is witnessing steady growth, driven by the rising demand for functional, durable, and performance-enhancing fabrics across industries such as automotive, construction, healthcare, and fashion. According to Persistence Market Research's projections, the market is estimated to increase from US$4.8 billion in 2024 to US$6.8 billion by 2031, expanding at a CAGR of 5.0% during the forecast period. This growth is underpinned by the increasing adoption
Architectural LED Products Market to Reach $23.6 Bn by 2032 Driven by Energy-Efficient Lighting Demand
Architectural LED Products Market to Reach $23.6 Bn by 2032 Driven by Energy-Eff …
The global architectural LED products market is poised for substantial expansion over the next decade. Valued at approximately USD 12.5 billion in 2025, the market is projected to reach USD 23.6 billion by 2032, reflecting a robust compound annual growth rate (CAGR) of 9.4% during the forecast period from 2025 to 2032. This growth trajectory underscores the increasing adoption of LED technologies across residential, commercial, and industrial sectors, driven by

All 5 Releases


More Releases for Spices

Global Survey on B2B Packaged Spices Market Size [PDF] 2021-2030 | Key Players a …
The B2B Packaged Spices Market t in the United States is growing at a 5-7 % annual rate. Request To Download Free Sample copy of the report @ https://www.sphericalinsights.com/request-sample/1120 Our analysts are monitoring the situation globally to help you understand how COVID-19 will affect the B2B Packaged Spices Market The B2B Packaged Spices global market research studies offer an in-depth analysis of current industry trends, development models, and methodology. Production processes, development platforms,
Organic Spices Market Key Players are Organic Spices Inc., SunOpta Inc, Husarich …
The organic spices market size was valued at $272.8 million in 2018 and is expected to reach $406.6 million by 2026, registering a CAGR of 5.1% from 2019 to 2026. Download Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/5300 The global organic food & beverages market is expected to be valued at US$80 billion by 2020. Rise in number of health-conscious consumers and increase in awareness regarding the health benefits associated with the consumption
Global Spices Sales Market 2018:- Gajanand, Everest Spices, MDH Spices, Dharampa …
Market Research Store Exposed a new deep Industry research report focuses on Spices Sales Market, delivers detailed analysis of market and future prospects of Spices Sales market. The critical and significant data in the study makes the research a very important tool for experts, analysts and managers to get ready-to-access analysis by the industry professionals. The Spices Sales Market report provides the complete analysis of Spices Sales Market Size Data
Global Organic Spices Market 2019 - Gajanand, Everest Spices, MDH Spices, DS Gro …
Organic spices, as the name suggests are the spices which are totally natural, that is, it does not contain the type of additives or artificial chemical. Organic spices should ideally be grown in fully natural or wild environment, without the use of artificial pesticides. Organic spices add adequate texture, taste and elevate the nutrient content of the meal for whose preparation it is utilized. The functionalities of organic spices and
Mounting adoption of Blended Spices and emergent demand for organic spices to bo …
Bonafide Research has added the new report 'India Pure, Packaged and Blended Spices Market Outlook, 2023' that gives a comprehensive analysis on the spices industry of India. The market has observed a consistency in last five years and is expected to continue growing in next few years. Spices manufacture comprises the production of Packaged Blended and Spices Mix, etc. The major causes for the growth are disposable income is increasing,
Global Spices Market 2018 Analysis By Key Players – McCormick, Unilever, Ajino …
Summary WiseGuyReports.com adds “Spices Market 2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database. This report provides in depth study of “Spices Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Spices Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product