Market Overview:
The global spices and seasonings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for processed foods, changing lifestyles, and rising disposable incomes. In terms of type, salt & salt substitutes accounted for the largest share of the global spices and seasonings market in 2017. This segment is projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this segment can be attributed to factors such as health concerns over high intake of sodium chloride and its association with various diseases such as hypertension, heart disease, stroke, etc., growing awareness about healthy eating habits among consumers across the globe, and increasing demand for low-sodium food products. In terms of application, food processing industry accounted for the largest share of the global spices and seasonings market in 2017.
Product Definition:
A spice is a dried seed, fruit, root, bark or other plant material used in whole or ground form to add flavor to food. A seasoning is a substance typically added to food to enhance its flavor. The importance of spices and seasonings lies in the fact that they can elevate the taste of any dish when used correctly. They can also be used as preservatives to help keep foods from spoiling.
Salt & Salt Substitutes:
The global salt & salt substitutes market size was valued at USD 7.5 billion in 2015 and is expected to witness significant growth over the forecast period owing to increasing health awareness among consumers across the globe. Growing demand for processed food, changing lifestyle of people, and rising disposable income are some major factors driving industry growth globally.
Hot Spices:
Hot spices are those spices that are used in curries and other food preparations. The hot spice market is expected to witness significant growth over the forecast period owing to increasing demand for these products from various application industries including food processing, pharmaceuticals, cosmetics, and others. Hot spices have a higher demand than the traditional counterparts as they provide exceptional taste along with additional health benefits which include anti-oxidant properties that help in reducing blood sugar levels and inflammation of gut as well as respiratory system.
Application Insights:
The food processing industry accounted for more than 40% of the global revenue share in 2017. The growth is attributed to the increasing demand for processed foods across the globe. Food processors use a wide range of spices and seasonings to enhance their products appeal and flavor, which is likely to propel market growth over the forecast period.
Household application was one of the prominent segments in 2017, accounting for nearly 30% share of global revenue on account of growing preference among consumers towards home-made food items with a variety of flavors. The rising trend towards consumption at breakfast time along with other meal times has increased consumer awareness regarding different types and quantitiesof spices required while cooking various dishes, whichis expected to fuel product demand over next eight years or so.
Regional Analysis:
Europe dominated the global industry in 2017, accounting for more than 35.0% of the total market revenue. The region is expected to witness a significant growth rate over the forecast period on account of increasing demand for seasoning products from countries such as U.K., Germany, and France among others.
The trend observed during recent pandemics wherein people started eating spiced foods along with their traditional staple food has positively influenced market growth across Europe.
Growth Factors:
- Increasing demand for convenience foods: The growing demand for convenience foods is one of the key growth drivers for the spices and seasonings market. Convenience foods are those that can be easily prepared and consumed, without any major preparation time or hassle. This has led to an increase in the demand for pre-packaged spices and seasonings, which can be easily added to food items without any fuss.
- Rising popularity of ethnic cuisine: Another key growth driver for the spices and seasonings market is the rising popularity of ethnic cuisine around the world. With people becoming more interested in trying out different types of cuisines, there is a corresponding rise in demand for different types of spices and seasonings that can add flavor to these dishes.
- Growing focus on healthy eating: A third key growth driver for this market is the growing focus on healthy eating around the world. More people are now looking to add healthier ingredients into their diets, which has led to an increase in demand for fresh herbs, as well as processed spice blends that are low in calories and fat content .This trend is particularly strong among millennials who are increasingly health conscious .
Scope Of The Report
Report Attributes
Report Details
Report Title
Spices and Seasonings Market Research Report
By Type
Salt & Salt Substitutes, Hot Spices, Aromatic Spices, Others
By Application
Food Processing Industry, Catering Industry, Household, Others
By Companies
McCormick, Unilever, Ajinomoto, Ariake, Kerry Plc. (Ireland), Olam International, Everest Spices, Zhumadian Wang Shouyi, MDH Spices, Catch(DS ), Nestle, Brucefoods, Sensient Technologies (U.S.), Ankee Food, Haitian
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
188
Number of Tables & Figures
132
Customization Available
Yes, the report can be customized as per your need.
Global Spices and Seasonings Market Report Segments:
The global Spices and Seasonings market is segmented on the basis of:
Types
Salt & Salt Substitutes, Hot Spices, Aromatic Spices, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Processing Industry, Catering Industry, Household, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- McCormick
- Unilever
- Ajinomoto
- Ariake
- Kerry Plc. (Ireland)
- Olam International
- Everest Spices
- Zhumadian Wang Shouyi
- MDH Spices
- Catch(DS )
- Nestle
- Brucefoods
- Sensient Technologies (U.S.)
- Ankee Food
- Haitian
Highlights of The Spices and Seasonings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Salt & Salt Substitutes
- Hot Spices
- Aromatic Spices
- Others
- By Application:
- Food Processing Industry
- Catering Industry
- Household
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Spices and Seasonings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Spices and seasonings are a type of seasoning that add flavor to food. They can be herbs, spices, or oils.
Some of the major companies in the spices and seasonings market are McCormick, Unilever, Ajinomoto, Ariake, Kerry Plc. (Ireland), Olam International, Everest Spices, Zhumadian Wang Shouyi, MDH Spices, Catch(DS ), Nestle, Brucefoods, Sensient Technologies (U.S.), Ankee Food, Haitian.
The spices and seasonings market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Spices and Seasonings Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Spices and Seasonings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Spices and Seasonings Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Spices and Seasonings Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Spices and Seasonings Market Size & Forecast, 2020-2028
4.5.1 Spices and Seasonings Market Size and Y-o-Y Growth
4.5.2 Spices and Seasonings Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Salt & Salt Substitutes
5.2.2 Hot Spices
5.2.3 Aromatic Spices
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food Processing Industry
6.2.2 Catering Industry
6.2.3 Household
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spices and Seasonings Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Spices and Seasonings Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Salt & Salt Substitutes
9.6.2 Hot Spices
9.6.3 Aromatic Spices
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food Processing Industry
9.10.2 Catering Industry
9.10.3 Household
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Salt & Salt Substitutes
10.6.2 Hot Spices
10.6.3 Aromatic Spices
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food Processing Industry
10.10.2 Catering Industry
10.10.3 Household
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Salt & Salt Substitutes
11.6.2 Hot Spices
11.6.3 Aromatic Spices
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food Processing Industry
11.10.2 Catering Industry
11.10.3 Household
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Salt & Salt Substitutes
12.6.2 Hot Spices
12.6.3 Aromatic Spices
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food Processing Industry
12.10.2 Catering Industry
12.10.3 Household
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Salt & Salt Substitutes
13.6.2 Hot Spices
13.6.3 Aromatic Spices
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food Processing Industry
13.10.2 Catering Industry
13.10.3 Household
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Spices and Seasonings Market: Competitive Dashboard
14.2 Global Spices and Seasonings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 McCormick
14.3.2 Unilever
14.3.3 Ajinomoto
14.3.4 Ariake
14.3.5 Kerry Plc. (Ireland)
14.3.6 Olam International
14.3.7 Everest Spices
14.3.8 Zhumadian Wang Shouyi
14.3.9 MDH Spices
14.3.10 Catch(DS )
14.3.11 Nestle
14.3.12 Brucefoods
14.3.13 Sensient Technologies (U.S.)
14.3.14 Ankee Food
14.3.15 Haitian
