Report ID : AMR1004177 | Industries : | Published On :December 2023 | Page Count : 234
Global Spices and Seasonings Market Size, Trends & Growth Opportunity, by Product (Herbs, Rosemary, Fenne, Garlic, Mint, Parsley, Oregano, Others), by Salt Salts Substitutes (Spices, Pepper, Ginger, Cinnamon, Cumin, Turmeric, Cardamom, Coriander, Cloves), by Application (Bakery Confectionery Products, Meat Poultry Products, Frozen Food, Soups, Sauces, Dressings, Beverages, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and forecast till 2030.
Global Spices and Seasonings Market
The Spices and Seasonings Market was valued at USD 21.3 Billion in 2022 and is expected to expand to USD 29.8 Billion in 2030 at a CAGR of 4.28% during the forecast period 2023- 2030.
Market Overview
Spices and seasonings are plant-based ingredients that contribute flavour to any dish. Spices are derived from plant parts such as seeds, fruits, bark, rhizomes, and other plant parts. They are added to foods to improve their flavour, aroma, or colour. Seasonings, on the other hand, are nearly any thing you add to food to enhance its flavour. Spices, sugar, vinegar, oils, salt, sauces, or animal-based derivatives are examples of seasonings.
Market Drivers
Factors driving market expansion include the growing inclination for ready-to-eat and ready-to-drink goods and the expanding hospitality industry. Moreover, diners are becoming more open to exploring novel culinary traditions and savoury meals that incorporate an array of spices and flavours. Their application as natural preservatives serves the dual purpose of suppressing microbiological growth and maintaining the quality of meat and poultry goods.
Market Restraints
The high cost of spices is a key impediment to manufacturers' adoption of natural ingredients. While the health and wellness trend encourages the usage of these natural components, many spices can be prohibitively expensive for both manufacturers and consumers. This cost frequently limits the accessibility and affordability of products containing such substances, possibly excluding a segment of the market and posing a barrier to the general acceptance of these healthier options.
Impact of Covid-19
The COVID-19 pandemic had a substantial impact on the seasoning and spice supply chain. Government limitations, transportation issues, labour constraints, supply scarcity, infrastructure disruptions, and import delays have all impacted the industry's supply chain. The production of spices and herbs is experiencing unprecedented volatility due to factors such as weather, water constraint, and so on.
Market Segmentation
Global Spices and Seasonings Market is segmented into Type, Salt Salts Substitutes, and Application. By Product, the Global Spices and Seasonings Market is segmented into Herbs, Rosemary, Fenne, Garlic, Mint, Parsley, Oregano, Others. By Salt Salts Substitutes, the Global Spices and Seasonings Market is segmented into Spices, Pepper, Ginger, Cinnamon, Cumin, Turmeric, Cardamom, Coriander, Cloves. By Application, the Global Spices and Seasonings Market is segmented into Bakery Confectionery Products, Meat Poultry Products, Frozen Food, Soups, Sauces, Dressings, Beverages, Others.
Regional Analysis
Global Spices and Seasonings Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The growing popularity of organic food items is expected to propel significant growth in the North American area. The market is being driven by factors including the large population and growing desire for real ethnic flavours, the appeal of convenience foods, and the quickly expanding understanding of the medicinal benefits of spices and seasonings.
Market Key Players
Various key players are discussed in this report such as Cussons Australia Pty Ltd (Australia), Late July Snacks LLC (U.S.), McCormick & Company, Inc. (U.S.), Ajinomoto Co. Inc. (Japan), Olam International (Singapore), Associated British Foods plc (U.K.), Sensient Technologies Corporation (U.S.), Döhler Group (Germany), Kerry (Ireland), SHS Group (Ireland), Worlée Gruppe (Germany), F.Z. Organic Food (Netherlands), Rhythm Superfoods, LLC. (U.S.), Luke’s Organic (U.S.), and General Mills Inc. (U.S.).
Key Developments
Ø Sensient Natural Ingredients LLC (SNI) announced in March 2021 that it has acquired New Mexico Chilli Products Inc., a Deming-based dehydrated chilli production facility that prepares a range of specialty chilies and capsicums for commercial sale to foodservice operators, spice blenders and CPG food manufacturers.
Market Taxonomy
By Product
• Herbs
• Rosemary
• Fenne
• Garlic
• Mint
• Parsley
• Oregano
• Others
By Salt Salts Substitutes
• Spices
• Pepper
• Ginger
• Cinnamon
• Cumin
• Turmeric
• Cardamom
• Coriander
• Cloves
By Application
• Bakery Confectionery Products
• Meat Poultry Products
• Frozen Food
• Soups
• Sauces
• Dressings
• Beverages
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Spices and Seasonings Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?
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Global Spices and Seasonings Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Spices and Seasonings Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to Recent Energy Crisis
4.2.5 Cumulative Impact due to Nearing Economic Downturn
4.2.6 Post Covid-19 World Supply & Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Spices and Seasonings Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Spices and Seasonings Market Share Analysis, By Product
5.3 Global Spices and Seasonings Market Size and Forecast, By Product
5.3.1 Herbs
5.3.2 Rosemary
5.3.3 Fenne
5.3.4 Garlic
5.3.5 Mint
5.3.6 Parsley
5.3.7 Oregano
5.3.8 Others
6 Global Spices and Seasonings Market, By Salt Salts Substitutes
6.1 Y-o-Y Growth Comparison, By Salt Salts Substitutes
6.2 Global Spices and Seasonings Market Share Analysis, By Salt Salts Substitutes
6.3 Global Spices and Seasonings Market Size and Forecast, By Salt Salts Substitutes
6.3.1 Spices
6.3.2 Pepper
6.3.3 Ginger
6.3.4 Cinnamon
6.3.5 Cumin
6.3.6 Turmeric
6.3.7 Cardamom
6.3.8 Coriander
6.3.9 Cloves
7 Global Spices and Seasonings Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Spices and Seasonings Market Share Analysis, By Application
7.3 Global Spices and Seasonings Market Size and Forecast, By Application
7.3.1 Bakery Confectionery Products
7.3.2 Meat Poultry Products
7.3.3 Frozen Food
7.3.4 Soups
7.3.5 Sauces
7.3.6 Dressings
7.3.7 Beverages
7.3.8 Others
8 Global Spices and Seasonings Market, By Region
8.1 Global Spices and Seasonings Market Share Analysis, By Region
8.2 Global Spices and Seasonings Market Size and Forecast, By Region
8.3 Global Spices and Seasonings Market Trends and Forecast, By Region
9 North America Spices and Seasonings Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Spices and Seasonings Market Size and Forecast, By Product
9.3 North America Spices and Seasonings Market Size and Forecast, By Salt Salts Substitutes
9.4 North America Spices and Seasonings Market Size and Forecast, By Application
9.5 North America Spices and Seasonings Market Size and Forecast, By Country
9.5.1 U.S.
9.5.1.1 Market Size and Forecast, By Product
9.5.1.2 Market Size and Forecast, By Salt Salts Substitutes
9.5.1.3 Market Size and Forecast, By Application
9.5.2 Canada
9.5.2.1 Market Size and Forecast, By Product
9.5.2.2 Market Size and Forecast, By Salt Salts Substitutes
9.5.2.3 Market Size and Forecast, By Application
9.5.3 Mexico
9.5.3.1 Market Size and Forecast, By Product
9.5.3.2 Market Size and Forecast, By Salt Salts Substitutes
9.5.3.3 Market Size and Forecast, By Application
10 Europe Spices and Seasonings Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Spices and Seasonings Market Size and Forecast, By Product
10.3 Europe Spices and Seasonings Market Size and Forecast, By Salt Salts Substitutes
10.4 Europe Spices and Seasonings Market Size and Forecast, By Application
10.5 Europe Spices and Seasonings Market Size and Forecast, By Country
10.5.1 Germany
10.5.1.1 Market Size and Forecast, By Product
10.5.1.2 Market Size and Forecast, By Salt Salts Substitutes
10.5.1.3 Market Size and Forecast, By Application
10.5.2 France
10.5.2.1 Market Size and Forecast, By Product
10.5.2.2 Market Size and Forecast, By Salt Salts Substitutes
10.5.2.3 Market Size and Forecast, By Application
10.5.3 UK
10.5.3.1 Market Size and Forecast, By Product
10.5.3.2 Market Size and Forecast, By Salt Salts Substitutes
10.5.3.3 Market Size and Forecast, By Application
10.5.4 Russia
10.5.4.1 Market Size and Forecast, By Product
10.5.4.2 Market Size and Forecast, By Salt Salts Substitutes
10.5.4.3 Market Size and Forecast, By Application
10.5.5 Italy
10.5.5.1 Market Size and Forecast, By Product
10.5.5.2 Market Size and Forecast, By Salt Salts Substitutes
10.5.5.3 Market Size and Forecast, By Application
10.5.6 Spain
10.5.6.1 Market Size and Forecast, By Product
10.5.6.2 Market Size and Forecast, By Salt Salts Substitutes
10.5.6.3 Market Size and Forecast, By Application
10.5.7 Rest of Europe
10.5.7.1 Market Size and Forecast, By Product
10.5.7.2 Market Size and Forecast, By Salt Salts Substitutes
10.5.7.3 Market Size and Forecast, By Application
11 Asia Pacific Spices and Seasonings Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Spices and Seasonings Market Size and Forecast, By Product
11.3 Asia Pacific Spices and Seasonings Market Size and Forecast, By Salt Salts Substitutes
11.4 Asia Pacific Spices and Seasonings Market Size and Forecast, By Application
11.5 Asia Pacific Spices and Seasonings Market Size and Forecast, By Country
11.5.1 China
11.5.1.1 Market Size and Forecast, By Product
11.5.1.2 Market Size and Forecast, By Salt Salts Substitutes
11.5.1.3 Market Size and Forecast, By Application
11.5.2 Japan
11.5.2.1 Market Size and Forecast, By Product
11.5.2.2 Market Size and Forecast, By Salt Salts Substitutes
11.5.2.3 Market Size and Forecast, By Application
11.5.3 India
11.5.3.1 Market Size and Forecast, By Product
11.5.3.2 Market Size and Forecast, By Salt Salts Substitutes
11.5.3.3 Market Size and Forecast, By Application
11.5.4 South Korea
11.5.4.1 Market Size and Forecast, By Product
11.5.4.2 Market Size and Forecast, By Salt Salts Substitutes
11.5.4.3 Market Size and Forecast, By Application
11.5.5 Australia
11.5.5.1 Market Size and Forecast, By Product
11.5.5.2 Market Size and Forecast, By Salt Salts Substitutes
11.5.5.3 Market Size and Forecast, By Application
11.5.6 New Zealand
11.5.6.1 Market Size and Forecast, By Product
11.5.6.2 Market Size and Forecast, By Salt Salts Substitutes
11.5.6.3 Market Size and Forecast, By Application
11.5.7 Singapore
11.5.7.1 Market Size and Forecast, By Product
11.5.7.2 Market Size and Forecast, By Salt Salts Substitutes
11.5.7.3 Market Size and Forecast, By Application
11.5.8 Malaysia
11.5.8.1 Market Size and Forecast, By Product
11.5.8.2 Market Size and Forecast, By Salt Salts Substitutes
11.5.8.3 Market Size and Forecast, By Application
11.5.9 Rest of Asia
11.5.9.1 Market Size and Forecast, By Product
11.5.9.2 Market Size and Forecast, By Salt Salts Substitutes
11.5.9.3 Market Size and Forecast, By Application
12 Latin America Spices and Seasonings Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Spices and Seasonings Market Size and Forecast, By Product
12.3 Latin America Spices and Seasonings Market Size and Forecast, By Salt Salts Substitutes
12.4 Latin America Spices and Seasonings Market Size and Forecast, By Application
12.5 Latin America Spices and Seasonings Market Size and Forecast, By Country
12.5.1 Brazil
12.5.1.1 Market Size and Forecast, By Product
12.5.1.2 Market Size and Forecast, By Salt Salts Substitutes
12.5.1.3 Market Size and Forecast, By Application
12.5.2 Argentina
12.5.2.1 Market Size and Forecast, By Product
12.5.2.2 Market Size and Forecast, By Salt Salts Substitutes
12.5.2.3 Market Size and Forecast, By Application
12.5.3 Colombia
12.5.3.1 Market Size and Forecast, By Product
12.5.3.2 Market Size and Forecast, By Salt Salts Substitutes
12.5.3.3 Market Size and Forecast, By Application
12.5.4 Peru
12.5.4.1 Market Size and Forecast, By Product
12.5.4.2 Market Size and Forecast, By Salt Salts Substitutes
12.5.4.3 Market Size and Forecast, By Application
12.5.5 Chile
12.5.5.1 Market Size and Forecast, By Product
12.5.5.2 Market Size and Forecast, By Salt Salts Substitutes
12.5.5.3 Market Size and Forecast, By Application
12.5.6 Venezuela
12.5.6.1 Market Size and Forecast, By Product
12.5.6.2 Market Size and Forecast, By Salt Salts Substitutes
12.5.6.3 Market Size and Forecast, By Application
12.5.7 Rest of Latin America
12.5.7.1 Market Size and Forecast, By Product
12.5.7.2 Market Size and Forecast, By Salt Salts Substitutes
12.5.7.3 Market Size and Forecast, By Application
13 Middle East Spices and Seasonings Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Spices and Seasonings Market Size and Forecast, By Product
13.3 Middle East Spices and Seasonings Market Size and Forecast, By Salt Salts Substitutes
13.4 Middle East Spices and Seasonings Market Size and Forecast, By Application
13.5 Middle East Spices and Seasonings Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.1.1 Market Size and Forecast, By Product
13.5.1.2 Market Size and Forecast, By Salt Salts Substitutes
13.5.1.3 Market Size and Forecast, By Application
13.5.2 UAE
13.5.2.1 Market Size and Forecast, By Product
13.5.2.2 Market Size and Forecast, By Salt Salts Substitutes
13.5.2.3 Market Size and Forecast, By Application
13.5.3 Egypt
13.5.3.1 Market Size and Forecast, By Product
13.5.3.2 Market Size and Forecast, By Salt Salts Substitutes
13.5.3.3 Market Size and Forecast, By Application
13.5.4 Kuwait
13.5.4.1 Market Size and Forecast, By Product
13.5.4.2 Market Size and Forecast, By Salt Salts Substitutes
13.5.4.3 Market Size and Forecast, By Application
13.5.5 South Africa
13.5.5.1 Market Size and Forecast, By Product
13.5.5.2 Market Size and Forecast, By Salt Salts Substitutes
13.5.5.3 Market Size and Forecast, By Application
13.5.6 Rest of Middle East & Africa
13.5.6.1 Market Size and Forecast, By Product
13.5.6.2 Market Size and Forecast, By Salt Salts Substitutes
13.5.6.3 Market Size and Forecast, By Application
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Cussons Australia Pty Ltd (Australia)
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Late July Snacks LLC (U.S.)
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 McCormick & Company, Inc. (U.S.)
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Ajinomoto Co. Inc. (Japan)
15.4.1 Overview
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Olam International (Singapore)
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Associated British Foods plc (U.K.)
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Sensient Technologies Corporation (U.S.)
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Rhythm Superfoods, LLC. (U.S.)
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Luke’s Organic (U.S.)
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 General Mills Inc. (U.S.)
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
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