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Primary Catalyst Driving Spices and Seasonings Market Evolution in 2025: Hospitality Industry Growth Fuels Spice And Seasonings Market Expansion Driver
Spices and Seasonings Market
Growth in the hospitality sector is predicted to drive the spices and seasonings market forward. The surge in disposable income, novel travel patterns, and improved work-life balance are fueling the expansion of the hospitality sector globally. This rapid expansion is predicted to stimulate demand for spices and seasonings, which are extensively used in food preparation in various cuisines worldwide. Based on a report by the India Brand Equity Foundation (IBEF) released in May 2022, India's domestic, international, and outbound hotel business was estimated to be worth $32 billion in FY20. It is projected to escalate to $52 billion by FY27 due to the increasing demand from travelers and ongoing market growth efforts by travel agencies. Thus, the flourishing hospitality industry is expected to positively impact the market for spices and seasonings during the projected period.
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What is the future CAGR of the spices and seasonings market, and how will it impact industry expansion?
In the past few years, the size of the spices and seasonings market has seen robust growth. This market is projected to increase from $26.88 billion in 2024 to $28.84 billion in 2025, with a compound annual growth rate (CAGR) of 7.3%. This growth over the historic period can be credited to a rise in the demand for spices and seasonings to enrich food flavor, escalating popularity of ethnic foods and home cooking, growing income levels and exploration of new food experiences, a highlighted preference to experiment with new flavors in the foodservice and processed food sectors, along with consumer demand for high-quality, healthy food ingredients.
In the upcoming years, the spices and seasonings market is predicted to have a robust growth, reaching up to $40.17 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 8.6%. The projected increment during this forecast period can be associated with heightened awareness of the health benefits derived from spices and seasonings, surge in demand for unique and exotic flavors including organic ones, increase in health consciousness among consumers, evolving consumption habits and the requirement for extended shelf-life. Significant trends expected in the forecast period encompass the introduction of blended spices, the reliance of spice crops on weather conditions, ethnic and regional flavors preference, transparency and traceability, along with customized spice blends.
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What are the most significant trends transforming the spices and seasonings market today?
Prominent players in the spices and seasonings industry are concentrating on unveiling mixed spices, in response to the escalating consumer demand for convenience, superior flavour variations, and distinctive culinary experiences. The term mixed spices refers to a diverse mixture of ground spices, herbs, and seasonings tailored to produce a distinct flavour combination. All of their products are made from premium, natural ingredients, with a guarantee of no artificial colours, flavours, or preservatives, satisfying the consumer preference for healthier food choices. For example, in September 2024, M K Agrotech Pvt Ltd (sunpure), an Indian manufacturing corporation, introduced Sunpure Sambar Powder, Sunpure Rasam Powder, and Sunpure Puliyogare Powder, all blended spices. Every spice is obtained from its unique geographical origin to ensure its freshness and authenticity. As a company certified by ISO 22000:2018, Sunpure carries out rigorous quality assessments to make sure all products adhere to high standards of hygiene and safety.
Which key market segments comprise the spices and seasonings market and drive its revenue growth?
The spices and seasonings market covered in this report is segmented -
1) By Type: Pepper, Capsicum, Ginger, Cinnamon, Cumin, Turmeric, Nutmeg & Mace, Cardamom, Coriander, Cloves, Other Types
2) By Nature: Organic, Conventional
3) By Application: Meat & Poultry Products, Snacks & Convenience Food, Soups, Sauces, And Dressings, Bakery & Confectionery, Frozen Products, Beverages, Other Applications
Subsegments:
1) By Pepper: Black Pepper, White Pepper, Green Pepper, Red Pepper
2) By Capsicum: Bell Peppers, Chili Peppers, Paprika
3) By Ginger: Fresh Ginger, Dried Ginger, Ground Ginger
4) By Cinnamon: Ceylon Cinnamon, Cassia Cinnamon, Ground Cinnamon
5) By Cumin: Whole Cumin Seeds, Ground Cumin
6) By Turmeric: Fresh Turmeric, Dried Turmeric, Ground Turmeric
7) By Nutmeg & Mace: Whole Nutmeg, Ground Nutmeg, Mace
8) By Cardamom: Green Cardamom, Black Cardamom, Ground Cardamom
9) By Coriander: Whole Coriander Seeds, Ground Coriander
10) By Other Types: Whole Cloves, Ground Cloves, Bay Leaves, Mustard Seeds, Fennel Seeds, Saffron, Other Specialty Spices
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What regions are at the forefront of spices and seasonings market expansion?
North America was the largest region in the spices and seasonings market in 2024. Asia-Pacific is expected to be the fastest-growing region in the spices and seasonings market share during the forecast period. The regions covered in the spices and seasonings market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the leading players fueling growth in the spices and seasonings market?
Major companies operating in the spices and seasonings market include McCormick & Company Incorporated, Olam International Limited, Ajinomoto Co. Inc., Associated British Foods plc, Kerry Group plc, Kikkoman Corporation, Sensient Technologies Corporation, Cargill Incorporated, Döhler GmbH, House Foods Group Inc., Baron Spices Inc., Prymat Sp. z o .o., SHS Group Limited, The Kraft Heinz Company, Unilever PLC, Ariake Japan Co. Ltd., Baria Pepper Joint Stock Company, The Bart Ingredients Co. Ltd., British Pepper & Spice Co. Ltd., Fuchs North America Inc., Givaudan SA, Griffith Foods Worldwide Inc., International Flavors & Fragrances Inc., Mane SA, Robertet SA, Symrise AG, Takasago International Corporation, T. Hasegawa Co. Ltd., Firmenich SA
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What Is Covered In The Spices and Seasonings Global Market Report?
•Market Size Forecast: Examine the spices and seasonings market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the spices and seasonings market for a structured understanding.
•Key Players Overview: Analyze major players in the spices and seasonings market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the spices and seasonings market.
•Segment Contributions: Evaluate how different segments drive overall growth in the spices and seasonings market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the spices and seasonings market.
•Industry Challenges: Identify potential risks and obstacles affecting the spices and seasonings market.
•Competitive Landscape: Review strategic developments in the spices and seasonings market, including expansions, agreements, and new product launches.
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