Press release
Dried Spices Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Dried Spices
The growing demand for convenience food products is expected to drive the dried spices market. Convenience foods, designed for easy consumption with minimal preparation, are becoming more popular, fueled by increased interest in health and rising disposable incomes. Dried spices enhance the flavor of these products, making them more appealing. For instance, US exports of processed food products increased by 1.7% to $36.59 billion in 2023. This growing demand for convenience foods will boost the dried spices market.
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What is the projected compound annual growth rate (CAGR) of the dried spices market from 2025 to 2034, and what factors influence it?
The dried spices market has witnessed strong growth recently, and it is projected to increase from $10.26 billion in 2024 to $10.84 billion in 2025, with a CAGR of 5.7%. Growth factors include rising global demand, increased trade, urbanization, growing health awareness, and a surge in spice exports.
The dried spices market is expected to reach $13.46 billion by 2029 with a CAGR of 5.6%. The growth is attributed to the rise of functional, ethnic, and regional spices, organic and sustainable options, innovations in spice blends, and demand for exotic spices. Trends include functional spices, ethnic and regional options, sustainable and organic products, and spice blend innovations.
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How are the latest trends influencing the growth of the dried spices market?
Companies in the dried spices market are developing eco-friendly dry spices to meet growing consumer demand for sustainability. Eco-friendly dry spices focus on environmentally conscious production, packaging, and distribution. For example, in October 2023, Unilever PLC, a UK-based company, launched Royco Spices, a new line of dry seasonings aimed at enhancing culinary experiences. The spices are crafted from high-quality global ingredients, offering unique profiles for various tastes and cooking styles while maintaining sustainability in their production processes.
What are the major segments of the dried spices market and their role in driving growth?
The dried spices market covered in this report is segmented -
1) By Product: Pepper, Ginger, Cinnamon, Cumin, Turmeric, Cardamom, Cloves, Nutmeg And Mace, Other Products
2) By Source: Natural, Organic
3) By Form: Powder, Whole, Granules
4) By Distribution Channel: Hypermarket Or Supermarket, Grocery Stores, Online Channel, Other Distribution Channels
5) By End Use: Home Use, Commercial Use, Food Industry, Cosmetic Industry, Other End Uses
Subsegments:
1) By Pepper: Black Pepper, White Pepper, Green Pepper
2) By Ginger: Whole Dried Ginger, Ginger Powder, Ginger Flakes
3) By Cinnamon: Cinnamon Sticks, Cinnamon Powder, Ceylon and Cassia Cinnamon Varieties
4) By Cumin: Whole Dried Cumin Seeds, Cumin Powder, Ground Roasted Cumin
5) By Turmeric: Whole Dried Turmeric, Turmeric Powder, Curcumin-Enriched Turmeric
6) By Cardamom: Whole Cardamom Pods, Ground Cardamom, Black and Green Cardamom
7) By Cloves: Whole Dried Cloves, Clove Powder, Clove Oil
8) By Nutmeg and Mace: Whole Nutmeg, Ground Nutmeg, Mace Blades and Mace Powder
9) By Other Products: Star Anise, Bay Leaves, Fenugreek, Coriander Seeds, Mustard Seeds
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Which regions are key players in the growth of the dried spices market?
Asia-Pacific was the largest region in the dried spices market in 2023. The regions covered in the dried spices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the dried spices market?
Major companies operating in the dried spices market are Nestlé SA, The Kraft Heinz Company, McCormick & Company Inc, Firmenich SA, Sauer Brands Inc., Frontier Co-op, Dharampal Satyapal Group, EVEREST Food Products Pvt. Ltd., Bart Ingredients Company Ltd., Pacific Spice Company Inc., The Spice Hunter, Adams Extract & Spice LLC, Tony Chachere's Creole Foods, Red Monkey Foods Inc., Mahatma Dharma Hindu Pvt. Ltd., Penzeys Spices, The Spice House, Simply Organic, Badia Spices Inc., Zaika Foods, Knorr Foods Co. Ltd., Naturevibe Botanicals, Olam Group Limited, SB Foods Inc., Spiceology Inc., Spicely Organics
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What Is Covered In The Dried Spices Global Market Report?
•Market Size Forecast: Examine the dried spices market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the dried spices market for a structured understanding.
•Key Players Overview: Analyze major players in the dried spices market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the dried spices market.
•Segment Contributions: Evaluate how different segments drive overall growth in the dried spices market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the dried spices market.
•Industry Challenges: Identify potential risks and obstacles affecting the dried spices market.
•Competitive Landscape: Review strategic developments in the dried spices market, including expansions, agreements, and new product launches.
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