Seasoning & Spices Market Analysis: Market Size, Trends, Statistics, and Competitive Assessment
Global Seasoning and Spices Market by Product (Species, Herbs, and Salt & Salt Substitutes), by Form (Whole, Crushed, and Powder), by Nature (Organic and Conventional), by Distribution Channel (Foodservice and Retail), by Application (Meats & Poultry Products, Snacks & Convenience Food, Soups, Sauces, and Dressing, Bakery & Confectionary, Frozen Products, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) – Market Size, Share, COVID-19 Impact, Regional Analysis & Forecast Till 2030
Category - Food & Beverage
Report Code - OMR-FB-163
Format: PDF, PPT, and Excel
Seasoning and Spices Market Overview
Herbs and spices are often called "seasonings" when referring to themselves. However, the Larousse Gastronomique insists that seasoning always involves the addition of salt, no matter how much or how little, to a dish. To add taste or color to food, people often use spices, such as seeds, fruits, roots, bark, or other parts of plants. On the other hand, herbs are the entire plant leaves, blossoms, and stems used to add taste or garnish. There are various medicinal, religious, cosmetic, and aromatic uses for spices. The expanding number of individuals cooking at home, along with increased knowledge about the health advantages of spices and herbs, has been cited as the primary cause propelling the development of this industry. In addition, the business has been bolstered by consumers' growing eagerness to spend a higher price for unique and culturally significant tastes. Thai, Indian, Chinese, and Vietnamese cooking, among others, all use a broad range of spices and herbs to create distinctive flavors. Home cooking is growing more and more popular among U.S. consumers. As a result, the demand for spices like pepper and ginger has increased. A shortage of unique plants and spices has led to an increase in spice adulteration. As a result of economic, political, and social shifts, the market has slowed due to the COVID-19 pandemic. The crisis had far-reaching effects on the worldwide spice industry, affecting all stages of the value chain, from primary production centers in underdeveloped nations to the international spice trading system.
Seasoning and Spices Market Growth Factors
Rising Utilization of Organically Sources Spices to Equate Towards Widening Demand
Seasonings have become more cognizant of and interested in the history and methodology of product creation. Consumers in industrialized nations increasingly adopt sustainable sourcing practices to safeguard supply chain integrity, product quality, and, most crucially, the farmers' livelihoods. Sustainable spices and herbs are gaining market share in many parts of the world as sustainability certification for spices becomes increasingly commonplace. FLOCERT estimates that by 2021, the European herb and spice industry will have 146 businesses that are Fairtrade-certified. In addition, shoppers choose organic, non-GMO products positioned in stores as "healthy indulgences" because of their higher nutritional profiles. This trend predicts sales of spices and seasonings to soar in established and developing economies. Many more people now live in the United States and the United Kingdom. Vegetarian alternatives now utilize several spices that were once used in the meat processing industry. This pattern helps along with the rising demand for spices. The worldwide trend toward plant-based diets shows no signs of slowing down. To cash in on this shifting consumer preference, businesses are focused on introducing new vegan and vegetarian-friendly products. The increasing popularity of spices as vegetarian and vegan alternatives to meat has also contributed to the expansion of the worldwide spices and seasonings industry.
Digitization of Distribution Channels Invite an Additional Source of Revenue Prepositioning Growth
The acquisition of spices and herbs is becoming increasingly digital. Some of the latest developments in the supply chain industry include using sensors, electronic resources, and virtual interactions. Smartphones, sensors, drones, and satellites are just some of the digital tools that the world's farmers use. Producers of spices and herbs can benefit from these technologies, including remote assessment of soil conditions, enhanced water management, pest and disease emergence forecasts, and crop monitoring. In April 2021, the Dutch Space Office funded the SpiceUp digital agricultural project. This initiative utilizes cutting-edge satellite, IT, and web technologies to improve the lives of Indonesian black pepper farmers. In addition, the company created the smartphone app SpiceUp to assist various participants in producing and distributing black and white pepper. As a result, the worldwide spice and herb market is forecast to grow in the next years due to increased digitization initiatives to enhance output in various emerging economies. Some chosen spices that enhance immunity, such as turmeric, ginger, and garlic, have gotten remarkable responses from customers worldwide, contributing to the market's steady expansion in recent decades due to increased demand for functional foods worldwide. The global spices and seasonings market is expected to increase over the next few years due to several factors. These include rising consumer demand for high-quality, healthy food ingredients and a rising preference for experimenting with new flavors in the food service sector and processed food products. Retail food product producers have expanded the use of spices and seasonings to suit the taste and preferences of the many ethnicities of the customer around the globe. These seasonings and spices align with the trend toward health and well-being.
Seasoning and Spices Industry Segmentation
Product
• Species
o Pepper
o Ginger
o Cinnamon
o Turmeric
o Coriander
o Cardamom
o Cloves
o Others
• Herbs
o Garlic
o Oregano
o Parsley
o Fennel
o Others
• Salt & Salt Substitutes
Form
• Whole
• Crushed
• Powder
Nature
• Organic
• Conventional
Distribution Channel
• Foodservice
• Retail
Application
• Meats & Poultry Products
• Snacks & Convenience Food
• Soups, Sauces, and Dressing
• Bakery & Confectionary
• Frozen Products
• Others
Seasoning and Spices Market Regional Segmentation
North America
o U.S.
o Canada
o Mexico
Europe
o Germany
o U.K.
o France
o Spain
o Italy
o Rest of Europe (RoE)
Asia Pacific (APAC)
o Japan
o China
o India
o South Korea
o Rest of APAC
Latin America
o Argentina
o Brazil
o Rest of Latin America
Middle East & Africa
o South Africa
o UAE
o Saudi Arabia
o Rest of MEA
Product Insights
Species to Account for Dominate Growth Owing to Globalization
The market can be differentiated between species, herbs, and salt & salt substitutes based on product.
In 2022, the spice industry brought in the most money worldwide, and it looks like that trend will continue. The increasing demand for spices on the international market can be attributed to the fact that globalization has made people more open to new cuisines and more knowledgeable about the health advantages of spices. The global market for spices is booming because of their versatility in taste creation.
The estimated revenue for the herbs market will expand at the second-fastest rate. Garlic, parsley, oregano, fennel, peppermint, and basil are just a few examples of herbs with several health advantages contributing to the industry's rapid expansion. More and more people all around the world are turning to these herbs for both their flavor and their remarkable health benefits.
Form Insights
Powdered Seasoning and Spices Account for Maximum Revenue Due to Heavy Utilization and Improved Functionality
By form, the global market can be split into whole, crushed, and powder.
Regarding worldwide sales, the powder category dominated in 2022 and is predicted to continue throughout the projection period. Many restaurants and cafes are turning to powdered spices to improve their prepared dishes' aroma, flavor, and visual appeal. According to a 2019 survey by Kalsec, a leading global producer of innovative spice and herb flavor extracts, more than half of consumers prefer hot and spicy meal options. As a result, food processors, restaurants, hotels, cafés, and others have been using a wide range of powdered spices and seasonings.
The use of whole spices improves the scent and flavor of the meals & dishes, which is expected to drive the growth of the crushed category, which is expected to rise at the second-highest CAGR during the projected period. It's common in appetizers, side dishes, and main courses.
Regional Insights
Asia Pacific to Dominate Global Market Owing to Increased Consumer Spending & Urbanization
Regarding geographical expansion, the global market can be split between North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
In 2022, North America's global market share was the most. As people's culinary traditions evolve, North America has become an important market for spices and seasonings. The spices market will likely grow in the next years due to the emergence of new end-use industries in the United States and Canada. The rising demand for ethnic cuisines and the rising popularity of ready-to-eat meals have boosted the region's spice business. Manufacturers in the area recognize a growing market for spices and seasonings, so they are working hard to provide consumers with new and improved options.
Expanding the region's food processing industries bodes well for the Asia-Pacific region's market. Many countries are involved in the spice trade, but some of the biggest players include India, China, and Vietnam. The Food and Agriculture Organization (FAO) reports that increased disposable income, urbanization, and rapid economic growth affect people's eating patterns, particularly in emerging nations. The market is expected to benefit from people's increasing familiarity with and appreciation for new cuisines.
Young European consumers' growing preference for unusual and daring cuisines bodes well for European expansion. When it comes to importing herbs and spices, Europe ranks high. About a quarter of the world's imported herbs and spices come from there. The organic spice market is expanding thanks to rising interest in organic cuisine in the area. The German market for organic foods expanded by 20% in 2020. Black pepper, chili peppers, and ginger, traded often, are considered crucial to the region's organic market.
Seasoning and Spices Industry Analysis
There are a few large participants in the seasonings and spices industry and many smaller and medium-sized businesses. These companies use various tactics, such as introducing new products, diversifying existing offerings, and mergers and acquisitions.
The industry's leading companies also focus on introducing new and original tastes to keep up with expanding customer demand. These firms are teaming up with producers of unusual ingredients to develop novel goods. Key firms are also investing in infrastructure growth to boost output and broaden product lines in the snack, meat, bakery, food, and drink sectors.
Seasoning and Spices Market Recent Developments
• In January 2022, Kerry has launched a brand new, state-of-the-art facility in Jeddah, Saudi Arabia, which is 21,500 square feet in size.
• In January 2022, a Los Angeles-based company run by women and minorities, Watson's Seasoning Blends, has introduced a selection of vegan gourmet spice blends that make preparing tasty vegetarian and vegan dishes simple.
Global Seasoning and Spices Market Prominent Players
• Kerry Group Plc (Ireland)
• Associated British Foods PLC (U.K.)
• ARIAKE Japan Co. Ltd. (Japan)
• Sensient Technologies Corporation (U.S.)
• Ajinomoto Co., Inc. (Japan)
• SHS Group (U.K.)
• McCormick & Company Inc. (U.S.)
• Watkins Incorporated (U.S.)
• Olam International (Singapore)
• Associated British Foods PLC (U.K.)
• Baria Pepper (Vietnam)
• Dohler Group (Germany)
Frequently Asked Questions (FAQs)
At what rate will the Seasoning and Spices Market Expand?
According to Objective Market Research, the market for spices and seasonings would grow at a CAGR of 5.0% over the forecast period.
What are the factors driving the global Seasoning and Spices market?
The global seasoning and spices market is expected to expand during the forecast period due to rising demand for functional foods and increasing consumer demand for high-quality, healthy food ingredients.
Which segment accounted for the largest Seasoning and Spices market share by application?
The snacks and convenience segment will dominate during the forecast period. Snack foods and other convenient meals are the most heavily traded products in the seasoning and spice industry. Snacks with savory flavors are gaining popularity, expanding the industry.
What region holds the major share in the global market scape?
North America will dominate global sales owing to changing consumer preferences and an increasing number of people cooking at home.
Which are the dominating players in the market during the forecast period?
Some dominant players in the global seasoning and spices market are Kerry Group Plc (Ireland), Associated British Foods PLC (U.K.), ARIAKE Japan Co. Ltd. (Japan), Sensient Technologies Corporation (U.S.), Ajinomoto Co., Inc. (Japan), SHS Group (U.K.), Worlée Group (Germany), and Amway (U.S.) among others.
*Our reports are available on a region/wise and chapter/wise basis as well. For any additional personalization contact our sales representative directly at sales@objectivemarketresearch.com
Table of Content
1. Introduction
1.1 Market Definition
1.2 Objective of the Study
1.3 Market Scope
1.4 Years Considered in the Study
1.4.1 Historic Year: 2019-2021
1.4.2 Base Year: 2022
1.4.3 Forecast Period: 2023-2030
1.5 Currency Used in the Study
1.6 Boundaries for the Study
1.7 Collaborators/Stakeholders/Benefactors
2. Research Methodology
2.1 Research Outline
2.2 Data Collection Methods
2.3 Data Sources
2.3.1 Secondary Sources
2.3.1.1 Paid Sources
2.3.1.2 Unpaid Sources
2.3.2 Primary Sources
2.4 Market Estimation Methodology
2.4.1 Top-Down Approach
2.4.2 Bottom-Up Approach
2.5 Data Triangulation
2.6 Assumptions of the Study
2.7 Limitations of the Study
3. Executive Summary
3.1 Market Outlook
3.2 Analysts Perspective
4. Market Overview
4.1 Market Dynamics
4.1.1 Drivers
4.1.1.1. Shifting Consumers Preferences
4.1.1.2. Increased Sales of Organic Based Products
4.1.2. Restrain
4.1.2.1. Increasing Instances of Adulterated Products
4.1.3. Opportunities
4.1.3.1. Digitization of Distribution Channels
4.1.4. Impact of Market Dynamics
4.2. Impact of COVID-19 pandemic
4.3. Value Chain Analysis
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining Power of Buyers
4.4.2. Bargaining Power of Suppliers
4.4.3. Threat of Substitution
4.4.4. Threat of New Entrants
4.4.5. Competitive Rivalry
5. Global Seasoning and Spices Market Analysis & Forecast, by Product from 2019-2030 (in USD million) (in tons)
5.1. Species
5.1.1. Pepper
5.1.2. Ginger
5.1.3. Cinnamon
5.1.4. Turmeric
5.1.5. Coriander
5.1.6. Cardamom
5.1.7. Cloves
5.1.8. Others
5.2. Herbs
5.2.1. Garlic
5.2.2. Oregano
5.2.3. Parsley
5.2.4. Fennel
5.2.5. Others
5.3. Salt & Salt Substitutes
6. Global Seasoning and Spices Market Analysis & Forecast, by Form from 2019-2030 (in USD million) (in tons)
6.1. Whole
6.2. Crushed
6.3. Powder
7. Global Seasoning and Spices Market Analysis & Forecast, by Nature from 2019-2030 (in USD million) (in tons)
7.1. Organic
7.2. Conventional
8. Global Seasoning and Spices Market Analysis & Forecast, by Distribution Channel from 2019-2030 (in USD million) (in tons)
8.1. Foodservice
8.2. Retail
9. Global Seasoning and Spices Market Analysis & Forecast, by Application from 2019-2030 (in USD million) (in tons)
9.1. Meats & Poultry Products
9.2. Snacks & Convenience Food
9.3. Soups, Sauces, and Dressing
9.4. Bakery & Confectionary
9.5. Frozen Products
9.6. Others
10. Global Seasoning and Spices Market Analysis & Forecast, by Region from 2019-2030 (in USD million) (in tons)
10.1. North America
10.1.1. North America Seasoning and Spices Market Analysis & Forecast, By Country
10.1.1.1. U.S.
10.1.1.2. Canada
10.1.1.3. Mexico
10.1.2. North America Seasoning and Spices Market Analysis & Forecast, By Product
10.1.3. North America Seasoning and Spices Market Analysis & Forecast, By Form
10.1.4. North America Seasoning and Spices Market Analysis & Forecast, By Nature
10.1.5. North America Seasoning and Spices Market Analysis & Forecast, By Distribution Channel
10.1.6. North America Seasoning and Spices Market Analysis & Forecast, By Application
10.2. Europe
10.2.1. Europe Seasoning and Spices Market Analysis & Forecast, By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe (RoE)
10.2.2. Europe Seasoning and Spices Market Analysis & Forecast, By Product
10.2.3. Europe Seasoning and Spices Market Analysis & Forecast, By Form
10.2.4. Europe Seasoning and Spices Market Analysis & Forecast, By Nature
10.2.5. Europe Seasoning and Spices Market Analysis & Forecast, By Distribution Channel
10.2.6. Europe Seasoning and Spices Market Analysis & Forecast, By Application
10.3. Asia-Pacific (APAC)
10.3.1. Asia-Pacific Seasoning and Spices Market Analysis & Forecast, By Country
10.3.1.1. Japan
10.3.1.2. China
10.3.1.3. India
10.3.1.4. South Korea
10.3.1.5. Rest of the APAC
10.3.2. Asia-Pacific Seasoning and Spices Market Analysis & Forecast, By Product
10.3.3. Asia-Pacific Seasoning and Spices Market Analysis & Forecast, By Form
10.3.4. Asia-Pacific Seasoning and Spices Market Analysis & Forecast, By Nature
10.3.5. Asia-Pacific Seasoning and Spices Market Analysis & Forecast, By Distribution Channel
10.3.6. Asia-Pacific Seasoning and Spices Market Analysis & Forecast, By Application
10.4. Latin America
10.4.1. Latin America Seasoning and Spices Market Analysis & Forecast, By Country/Region
10.4.1.1. Argentina
10.4.1.2. Brazil
10.4.1.3. Rest of Latin America
10.4.2. Latin America Seasoning and Spices Market Analysis & Forecast, By Product
10.4.3. Latin America Seasoning and Spices Market Analysis & Forecast, By Form
10.4.4. Latin America Seasoning and Spices Market Analysis & Forecast, By Nature
10.4.5. Latin America Seasoning and Spices Market Analysis & Forecast, By Distribution Channel
10.4.6. Latin America Seasoning and Spices Market Analysis & Forecast, By Application
10.5. Middle East & Africa
10.5.1. Middle East & Africa Seasoning and Spices Market Analysis & Forecast, By Country/Region
10.5.1.1. South Africa
10.5.1.2. UAE
10.5.1.3. Saudi Arabia
10.5.1.4. Rest of Middle East & Africa
10.5.2. Middle East & Africa Seasoning and Spices Market Analysis & Forecast, By Product
10.5.3. Middle East & Africa Seasoning and Spices Market Analysis & Forecast, By Form
10.5.4. Middle East & Africa Seasoning and Spices Market Analysis & Forecast, By Nature
10.5.5. Middle East & Africa Seasoning and Spices Market Analysis & Forecast, By Distribution Channel
10.5.6. Middle East & Africa Seasoning and Spices Market Analysis & Forecast, By Application
11. Competitive Landscape
11.1. Market Share Analysis (2022)
11.2. Market Positioning of Top Players (2022)
11.3. Key Developments & Growth Strategies (2020-2022)
11.3.1. Product Launches
11.3.2. Merges, Collaborations & Agreements
11.3.3. Expansion
11.4. SWOT Analysis
12. Company Profiles (Business Overview, Products Offered, Financial Details*, Recent Developments)
12.1. Kerry Group Plc (Ireland)
12.1.1. Company Snapshot
12.1.2. Business Overview
12.1.3. Financial Data
12.1.4. Key Products Offered
12.1.5. Recent Developments
12.2. Associated British Foods PLC (U.K.)
12.3. ARIAKE Japan Co. Ltd. (Japan)
12.4. Sensient Technologies Corporation (U.S.)
12.5. Ajinomoto Co., Inc. (Japan)
12.6. SHS Group (U.K.)
12.7. Worlée Group (Germany)
12.8. Amway (U.S.)
12.9. McCormick & Company Inc. (U.S.)
12.10. Watkins Incorporated (U.S.)
12.11. Olam International (Singapore)
12.12. Associated British Foods PLC (U.K.)
12.13. Baria Pepper (Vietnam)
12.14. Dohler Group (Germany)
12.15. Others
13. Appendix
13.1. Currency Exchange Rate to USD
13.2. Abbreviations
* Financial details captured might be subjected to information available and not be given for privately-held companies or for companies that do not report it in the public domain