Press release
Dried Spices Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Dried Spices
What Is the Expected Dried Spices Market Size During the Forecast Period?
The dried spices market is expected to grow from $10.26 billion in 2024 to $10.84 billion in 2025, reflecting a CAGR of 5.7%. The drivers of growth include increasing global demand, trade, urbanization, health awareness, and the exportation of spices.
The dried spices market is projected to reach $13.46 billion by 2029, with a CAGR of 5.6%. Growth is driven by the rise of functional, ethnic, regional, organic, and sustainable spices, along with innovations in spice blends and exotic spices. Major trends include the popularity of functional spices, ethnic and regional flavors, organic options, and spice innovation.
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What Are the High-Growth Segments in the Dried Spices Market?
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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What Key Drivers Are Expected to Influence Future Dried Spices Market Growth?
Growing interest in convenience foods is positively influencing the dried spices market. Such foods, needing little preparation, are popular due to higher disposable incomes and health-conscious choices. Dried spices elevate the flavor of these meals. In 2023, the U.S. exported $36.59 billion worth of processed food, a 1.7% increase from previous years, according to the USDA. Thus, rising convenience food consumption is aiding the dried spices market.
Which Companies Hold the Largest Share Across Different Dried Spices Market Segments?
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
What Trends Are Driving Growth in The Dried Spices Market?
In the dried spices market, businesses are focusing on the development of eco-friendly dry spices to meet consumer demands for sustainability. For instance, in October 2023, Unilever PLC launched Royco Spices, a line of high-quality, sustainably sourced seasonings that maintain freshness and deliver rich, diverse flavors to enhance cooking experiences.
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What Are the Emerging Geographies for The Dried Spices Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Dried Spices Market?
2. What is the CAGR expected in the Dried Spices Market?
3. What Are the Key Innovations Transforming the Dried Spices Industry?
4. Which Region Is Leading the Dried Spices Market?
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