Spices and Seasonings Market Size to Reach US$ 35.1 Billion, Globally, by 2028 at 5.37% CAGR

IMARC Group has recently released a new research study titled "Spices and Seasonings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The global spices and seasonings market size reached US$ 25.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 35.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.37% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Spices and seasonings represent flavoring agents that are extracted from plants and other natural sources. They are added to numerous dishes to enhance their taste and aroma. Spices and seasonings comprise pepper, oregano, paprika, cardamom, cinnamon, cumin, fenugreek, coriander, asafetida, etc. They also consist of herbs that are dried and dehydrated and ground into powder, such as thyme, rosemary, mint, dill, etc. In addition to this, spices and seasonings are a rich source of antioxidants that assist in reducing oxidative stress in the body, fighting against inflammation, minimizing the occurrence of chronic diseases, etc. Consequently,  they find extensive applications in several industries, including food and beverage (F&B), medical, confectionery, etc.

Impact of COVID-19:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Spices and Seasonings Market Trends and Drivers:

The rising usage of these flavoring agents to produce bottled beverages is primarily augmenting the spices and seasonings market. Furthermore, the widespread adoption of convenient and ready-to-eat (RTE) edible products to save time and eliminate the requirement for cooking is positively influencing the global market. Apart from this, the escalating demand for spices and seasonings as preservatives and antibacterial agents to grow the shelf-life of fermented food items is acting as another significant growth-inducing factor. Moreover, the growing number of distribution channels and e-commerce brands that are selling organic spices and seasonings online is also bolstering the market growth. Besides this, restaurants, cafes, and fast-food chains are serving flavorful dishes to consumers, which is further catalyzing the global market. Additionally, the inflating need for healthy herbal teas to soothe nerves, improve metabolism, enhance digestion, etc., is expected to fuel the spices and seasonings market in the coming years.

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Spices and Seasonings Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Ajinomoto
ARIAKE JAPAN Company
Associated British Foods
Baria Pepper
Döhler
DS Group
Everest Spices
Kraft Heinz Company
Kerry Group
McCormick & Company
Olam International
Sensient Technologies
SHS GROUP
Spice Hunter
Unilever
Worlée

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product:

Salt and Salt Substitutes
Herbs
Thyme
Basil
Oregano
Parsley
Others
Spices
Pepper
Cardamom
Cinnamon
Clove
Nutmeg
Others

Breakup by Application:

Meat & Poultry Products
Snacks & Convenience Food
Soups, Sauces and Dressings
Bakery & Confectionery
Frozen Products
Beverages
Others

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Key Highlights of the Report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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