Press release
Strategic Forecast for the Spices and Seasonings Industry: Market Outlook 2025-2034
Spices and Seasonings Market
Spices and Seasonings Market Size Growth Forecast: What to Expect by 2025?
The market size for spices and seasonings has experienced robust growth in recent times. It is set to increase from $26.88 billion in 2024 to $28.84 billion in 2025, registering a compound annual growth rate (CAGR) of 7.3%. The growth during the historical period can be accredited to heightened demand for spices and seasonings to boost food flavor, rising attraction for ethnic foods and cooking at home, an escalation in income levels and novel food experiences, heightened inclination towards exploring new flavors in the food service sector and processed food products, and the consumer demand for premium, healthful food ingredients.
How Will the Spices and Seasonings Market Size Evolve and Grow by 2029?
In the coming years, the market size for spices and seasonings is projected to experience robust growth. It's expected to expand to a market worth of $40.17 billion in 2029, with a compound annual growth rate (CAGR) of 8.6%. This growth within the forecast period is driven by rising awareness of the medicinal benefits of spices and seasonings, a growing appetite for novel and exotic tastes, in addition to organic flavors, enhanced consumer health consciousness and shifting consumption trend, and extending shelf-life. Key trends anticipated during the forecast period involve the launch of spice mixes, heavy dependence of spice crops on weather conditions, the lure of ethnic and regional flavors, transparency and traceability, and tailored spice blends.
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What Drivers Are Propelling the Growth of Spices and Seasonings Market Forward?
The expansion of the hospitality industry is anticipated to drive the spice and seasonings market. The swift increase in net disposable income, emerging travel patterns, and improved work-life harmony are all contributing to the global growth of the hospitality sector. This rapid expansion is predicted to stimulate the demand for spices and seasonings, which are commonly used in most global cuisines. A report by the India Brand Equity Foundation (IBEF) in May 2022 propounded that India's domestic, international, and outbound hotel industry, which was worth $32 billion in FY20, is projected to reach $52 billion by FY27 due to growing travel demands and continual market expansion efforts by travel agencies. Consequently, the expanding hospitality sector is likely to enhance the spice and seasonings market in the upcoming years.
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Which Emerging Trends Are Transforming the Spices and Seasonings Market in 2025?
Top businesses in the spices and seasonings market are turning their attention towards producing mixed spices, in response to increasing consumer appetite for convenience, superior taste characteristics, and distinctive culinary adventures. Combined spices denote the fusion of various crushed herbs, spices, and seasonings, resulting in a standout taste. Each product is made only from premium, natural ingredients, with no artificial colors, tastes, or preservatives used, aligning with the consumer proclivity for healthier food choices. For example, in September 2024, M K Agrotech Pvt Ltd (sunpure), a firm based in India, released Sunpure Sambar Powder, Sunpure Rasam Powder, and Sunpure Puliyogare Powder, mixed spices. Each spice comes from a specific region to ensure its freshness and authenticity. Sunpure, which is an ISO 22000:2018 approved company, carries out strict quality control to confirm that all its products meet high safety and hygiene standards.
What Are the Key Segments in the Spices and Seasonings Market?
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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Who Are the Key Players Shaping the Spices and Seasonings Market's Competitive Landscape?
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
What Geographic Markets Are Powering Growth in the Spices and Seasonings Market?
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.
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