openPR Logo
Press release

Spices Market to Witness 5.1% CAGR Growth, Surging to US$244.8 Bn by 2032, PMR Study

01-16-2025 02:23 PM CET | Food & Beverage

Press release from: Persistence Market Research

Spices Market to Witness 5.1% CAGR Growth, Surging to US$244.8 Bn

The global spices market is experiencing consistent growth due to increasing consumer interest in ethnic and organic food, rising awareness of health benefits, and expanding applications across the food and beverage industry. The market is expected to witness steady demand, driven by changing dietary patterns, globalization of cuisines, and advancements in spice processing technologies.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐏𝐃𝐅- https://www.persistencemarketresearch.com/samples/32805
(Use Corporate Mail Id for Quick Response )

Market Overview

Spices play a vital role in culinary applications, medicinal formulations, and food preservation. Their demand is significantly influenced by cultural preferences, regional cuisines, and health-conscious consumer choices. The global market is expanding as food manufacturers integrate natural and organic spices into their offerings.

Key Growth Determinants

Health and Wellness Trends: Increasing consumer preference for organic, non-GMO, and natural spices due to their antioxidant, anti-inflammatory, and antimicrobial properties.

Rising Demand for Ethnic and Exotic Cuisines: Growing popularity of international flavors is driving the adoption of diverse spice varieties in global markets.

Innovation in Spice Blends: The food industry is witnessing an increase in demand for customized spice blends catering to convenience foods and gourmet recipes.

E-commerce Expansion: Online retail is revolutionizing the spice trade, allowing small and medium enterprises to access a broader customer base.

Market Size and Forecast

Consumption of spices across the world amounts to a valuation of US$ 164.1 Bn in 2024. Forecasted to increase at a CAGR of 5.1%, the global spices market is projected to reach US$ 244.8 Bn by 2032. This growth trajectory is supported by rising consumer interest in sustainable and high-quality spice products.

Major Growth Barriers

Supply Chain Disruptions: Variability in spice production due to climatic changes and geopolitical factors can impact availability and pricing.

Quality Adulteration: The presence of counterfeit or low-quality spices in the market poses a challenge to consumer trust and regulatory compliance.

Price Volatility: Fluctuations in raw material costs and transportation expenses can affect profit margins for spice manufacturers.

Key Trends and Opportunities

Sustainable Sourcing and Fair Trade Practices: Ethical sourcing and traceability initiatives are gaining momentum among spice producers and consumers.

Increase in Ready-to-Use Spice Mixes: The demand for pre-mixed spices and seasonings is growing due to changing lifestyles and convenience-driven purchases.

Rise of Functional Spices: Ingredients like turmeric, ginger, and cinnamon are gaining popularity for their health benefits, leading to their increased usage in nutraceuticals and functional foods.

Regional Frontrunners

Asia-Pacific: The dominant producer and exporter of spices, with India, China, and Vietnam leading the market.

North America: Rapidly growing demand for organic and ethnic spices, driven by increasing health consciousness and multicultural cuisines.

Europe: Strong demand for sustainably sourced and high-quality spice products in countries such as Germany, the UK, and France.

Key Market Players

McCormick & Company, Inc.
Olam International Limited
Ajinomoto Co., Inc.
Sensient Technologies Corporation
Kerry Group plc
Everest Spices
Aachi Masala Foods Pvt Ltd.
SHS Group
Bart Ingredients Company Ltd.
Mahashian Di Hatti Pvt. Ltd. (MDH Spices)

Spices Market Survey by Category

By Type:

Cinnamon
Cloves
Nutmeg
Cardamom
Chilies
Turmeric
Cumin Seeds
Mustard
Black Pepper
Fennel
Coriander Seeds
Others

By Nature:

Organic Spices
Conventional Spices

By Form:

Whole Spices
Powder Spices
Oil Spices

By End Use:

Food Processing
Beverages
Foodservice
Retail/Household
Others

By Distribution Channel:

Business to Business
Business to Consumers
Hypermarkets / Supermarkets
Convenience Stores
Specialty Stores
Online Retail

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa

Conclusion

The global spices market is poised for substantial growth, fueled by evolving consumer preferences and advancements in spice processing. While challenges such as price volatility and adulteration persist, opportunities in sustainable sourcing, functional ingredients, and digital retailing present promising prospects for market players.

As consumer preferences shift towards natural, clean-label, and exotic flavors, industry stakeholders must focus on innovation and quality assurance to maintain a competitive edge in the evolving spice market landscape.

More Articles By Persistence Market Research

https://www.linkedin.com/pulse/rice-protein-market-redefining-plant-based-nutrition-trends-smith-ksykf/

https://www.linkedin.com/pulse/rising-demand-bio-vanillin-cosmetics-pharmaceuticals-lelissa-wilson-nd8yf/

About Persistence Market Research:

At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.

Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.

Contact Us:

Persistence Market Research
G04 Golden Mile House, Clayponds Lane
Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com

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 Spices Market to Witness 5.1% CAGR Growth, Surging to US$244.8 Bn by 2032, PMR Study here

News-ID: 3818546 • Views:

More Releases from Persistence Market Research

Home Care Chemicals Market to Reach US$ 34.6 Bn by 2033 - Persistence Market Research
Home Care Chemicals Market to Reach US$ 34.6 Bn by 2033 - Persistence Market Res …
Introduction The home care chemicals market plays a crucial role in maintaining household hygiene, offering solutions for cleaning, disinfecting, and maintaining a safe living environment. These chemicals are used in detergents, surface cleaners, dishwashing products, and air fresheners, among others. The industry has witnessed steady growth due to increasing consumer awareness regarding cleanliness and health, along with innovations in eco-friendly and sustainable products. This report presents a detailed analysis of the home
Polytrimethylene Terephthalate Market Set for to Reach US$ 1,620 Mn by 2032 - Persistence Market Research
Polytrimethylene Terephthalate Market Set for to Reach US$ 1,620 Mn by 2032 - Pe …
Introduction The global Polytrimethylene Terephthalate (PTT) market has been witnessing steady growth due to the rising demand for sustainable and high-performance polymers across multiple industries. PTT is a thermoplastic polyester known for its superior elasticity, resilience, and durability, making it widely used in textiles, carpets, and engineering plastics. The market is gaining traction as industries seek eco-friendly alternatives to conventional polyesters. This report provides an in-depth analysis of the Polytrimethylene Terephthalate market,
Polycaprolactone Market to Grow to US$ 1,365.20 Mn by 2032 - Persistence Market Research
Polycaprolactone Market to Grow to US$ 1,365.20 Mn by 2032 - Persistence Market …
Introduction The global Polycaprolactone (PCL) Market is experiencing substantial growth due to the rising demand for biodegradable polymers in various industries, including healthcare, packaging, and 3D printing. PCL is a semi-crystalline polymer known for its excellent biodegradability, flexibility, and compatibility with other polymers. This report provides an in-depth analysis of the Polycaprolactone Market, examining key growth drivers, challenges, market trends, technological advancements, and regional dynamics. The market is expected to grow from
Metal Finishing Chemicals Market Projected to Surge to US$ 18 Bn by 2032 - Persistence Market Research
Metal Finishing Chemicals Market Projected to Surge to US$ 18 Bn by 2032 - Persi …
Introduction The metal finishing chemicals market has gained significant traction in recent years due to increasing demand from industries such as automotive, aerospace, electronics, and industrial manufacturing. Metal finishing chemicals are essential in enhancing the durability, aesthetics, and corrosion resistance of metal products. This report presents an in-depth analysis of the market, including its key growth drivers, challenges, market trends, technological advancements, and regional dynamics. Market Projections and Forecast According to market research,

All 5 Releases


More Releases for Spice

Whats Driving The Organic Spice Market Size? Earthen Delight, SpicesInc, Starwes …
The global Organic Spice market was valued at USD 20 Billion in 2017 and is predicted to reach USD 40 Billion by 2025, growing at a CAGR of 7.5% from 2019 to 2025.Decresearch has recently published a study titled 'Global Organic Spice Market Research Report'. In this report, analysts have provided a detailed evaluation of the global Organic Spice market. The report is inclusive of a completely comprehensive study of
Whats Driving The Organic Spice Market Size? Earthen Delight, SpicesInc, Starwes …
The global Organic Spice market was valued at USD 20 Billion in 2017 and is predicted to reach USD 40 Billion by 2025, growing at a CAGR of 7.5% from 2019 to 2025.Decresearch has recently published a study titled 'Global Organic Spice Market Research Report'. In this report, analysts have provided a detailed evaluation of the global Organic Spice market. The report is inclusive of a completely comprehensive study of
Cinnamon Market Top Key Players: Adam Group, Pure Ceylon Cinnamon, HDDES Group, …
Increasing demand for healthy food products has led to an upsurge in demand for cinnamon globally. Moreover, prevalence of various diseases is also projected to impact the global market growth during the forecast period. Persistence Market Research states that the global cinnamon market is projected to reflect a CAGR of 10.3% over the forecast period, 2017-2026. Company Profiles Pure Ceylon Cinnamon Adam Group
Herb and Spice Extracts Market - Revolutionary Trends 2025 | British Pepper & Sp …
Global Herb and Spice Extract Market: Snapshot Herb and spice extract tend to impart more desirable flavor components of spices and herbs in packaged foods. Not only this, herb and spice extract offer a more consistent flavor than that offered by fresh or dried herbs for these foods. Herb and spice extracts are easily miscible. They can blend where plain spices and herbs are unable to, and thus meet the taste expectation
Herb and Spice Extracts Market – Worldwide Demand Overview 2025 | McCormick an …
lobal Herb and Spice Extracts Market: Overview The rising use of herbs and spices in food and beverages industry is one of the key factors estimated to encourage the growth of the global market throughout the forecast period. The increasing focus on Ayurveda and the increasing awareness regarding its combination and benefits are further estimated to accelerate the growth of the global herbs and spices extracts market in the next few
Mulling Spices Market Analysis 2018-2025 | Covers by Top Key Manufacturer- (Mont …
Mulling spices, first originated in Europe and have been traditionally used for the preparation of mulled wine which is prepared by infusing wine with spices such as cinnamon, cloves and orange peels. Since then mulling spices having been used in many alcoholic and non-alcoholic beverages such as whiskey, mead, ale, beer and fruit juices. The use of mulling spices is significant during the festive season in Europe. The trend for natural