Spices and Seasonings Market Size, Share, Trends, And Industry Forecast 2022-2030 | Olam International inc., McCormick & Company Co., Ajinomoto Co., Associated British Foods Co., Kerry Group Inc.

This report by Astute Analytica

all the factors affecting the global Spices and Seasonings Market. The report encompasses various sections describing the prospects of the market growth or decline. This in-depth analysis includes both qualitative and quantitative analysis based on primary and secondary research. The study also contains a list of innovations and company strategies to maintain a strong foothold in the market.

Global spices and seasonings market was valued at US$ 25,247.3 million in 2021 and is projected to generate a revenue of US$ 47,678.1 million by 2030 at a CAGR of 7.7% during the projection period 2022-2030. This growth can be attributed to increasing demand for packaged, ready-to-use spices and seasonings products and the rising popularity of international cuisines.

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Factors affecting the global Spices and Seasonings Market include rising disposable income, growing demand for packed food products, and changing lifestyles of people. Furthermore, the rising population and increasing demand for food will also be opportunistic for the global market. For instance, according to Department of Agriculture, corn plantation is expected to increase to 93.3 million acres in 2021 from 90.8 million acres in 2020.

COVID-19 Impact Analysis

The COVID-19 pandemic positively affected the global Spices and Seasonings Market. The demand for packed food products surged during the COVID-19 pandemic. In addition to that, a sudden change in lifestyle and implementation of work-from-home further escalated the growth of the market. During the pandemic, comfort food emerged as a strong trend, as consumers turn to comfort food in times of stress. Moreover, the pandemic also increased the user base on online shopping platforms, and people started adopting online methods to get groceries. Restaurants began offering online services to abide by the regulations imposed by governments. Thus, it had been opportunistic for the industry players. This report by Astute Analytica thoroughly describes the effect of the COVID-19 pandemic on the Spices and Seasonings Market with precise data and statistics.

Competitive Landscape:

Some of the key players in the global spices and seasonings market are Olam International inc., McCormick & Company Co., Ajinomoto Co., Associated British Foods Co., Kerry Group Inc. among others. As per our study, the top 5 players held over 79% of the market.

Segmentation Overview

By Type

Hot Spices
Cayenne pepper
Black and White peppers
Ginger
Mustard
Others
Mild spices
Paprika
Coriander
Others
Aromatic spices
Cardamom
Cassia
Cinnamon
Clove
Others
Herbs
Basil
Bay
Dill leaves
Marjoram
Tarragon
Others

By Seasoning Type 

Salts
Pepper
Sugar and Light Flavored Sweeteners
Acids

By End User 

Residential
Commercial
Restaurants
Bar & Cafes
QSRs

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By Distribution Channel 

Online
e-Commerce Website
Company's Owned Website
Offline
Supermarkets/Hypermarkets
Retail Stores

By Application 

Meat & poultry products
Snacks & convenience food
Soups, sauces, and dressings
Bakery & confectionery
Others

By Region

North America 
The U.S.
Canada
Mexico
Europe
Western Europe
UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
South Korea
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

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Regional Insights

This thorough report discusses the contribution of every region to the global Spices and Seasonings Market. Asia-Pacific is forecast to hold the highest market share in the global market, owing to the rising disposable income and changing lifestyles of the people in the region. Moreover, online platforms are gaining wide traction in this region. Thus, it will fuel the growth of this Asia-Pacific Spices and Seasonings Market. Further, the growing population and rising demand for packed food products will also be opportunistic for the global market.

About Astute Analytica:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

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