Spices and Seasonings Market By Type (Pepper, Capsicum, Ginger, Cinnamon, Cumin, Turmeric, Nutmeg & Mace, Cardamom, Coriander, Cloves, Others), By Distribution Channels (Food service and retail), By Application (Bakery and Confectionery, Soup, Noodles and Pasta, Meat, and Seafood, Sauces, Salads, and Dressing, Savory Snack, and Other), Global Analysis to 2023

Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Food and Beverage | Format: Report available in PDF / Excel Format

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Spices and Seasonings Market By Type (Pepper, Capsicum, Ginger, Cinnamon, Cumin, Turmeric, Nutmeg & Mace, Cardamom, Coriander, Cloves, Others), By Distribution Channels (Food service and retail), By Application (Bakery and Confectionery, Soup, Noodles and Pasta, Meat, and Seafood, Sauces, Salads, and Dressing, Savory Snack, and Other), Global Analysis to 2023

Seasonings and Spices Market Insights

According to the new report titled " Spices and Seasonings Market By Type (Pepper, Capsicum, Ginger, Cinnamon, Cumin, Turmeric, Nutmeg & Mace, Cardamom, Coriander, Cloves, Others), By Distribution Channels (Food service and retail), By Application (Bakery and Confectionery, Soup, Noodles and Pasta, Meat, and Seafood, Sauces, Salads, and Dressing, Savory Snack, and Other), Global Analysis to 2023"

The valuation of the Spices and Seasonings market was $18.90 Billion in 2023 and is projected to reach $27.6 Billion by 2032, at a CAGR of 5.03% from 2021 to 2032.

Picture thisimagine a world without spices and seasonings. Your food would be bland and boring, right? Well, that's why the spice market is booming! As of 2023, it's worth a whopping $18.9 billion. And guess what? It's set to keep growing by a cool 5% each year. That's because spices and seasonings are like the magic ingredients that make our food taste amazing. They come from all over the world, from seeds and fruits to roots and leaves. And each one has its own unique flavor that can take your dishes to the next level. With all the traveling and sharing of cultures happening these days, people are getting more and more into trying different flavors. And that means more demand for spices and seasonings. So, if you love a good curry or a spicy salsa, you can thank the thriving spice market for making it all possible!

Spices and seasonings play a crucial role in maintaining the authenticity of various cuisines around the world. Whether it's the aromatic blend of spices in Indian curry, the complex flavors of Middle Eastern dishes, or the zesty seasonings in Latin American cuisine, spices are essential for recreating traditional flavors and textures. Many spices and seasonings are valued not only for their flavor but also for their potential health benefits. Consumers are increasingly seeking natural and functional ingredients that can enhance the nutritional profile of their meals. Spices like turmeric, ginger, and cinnamon, known for their antioxidant and anti-inflammatory properties, are particularly popular.

Ginger held the largest share in the Spices and Seasonings market

When it comes to spices and seasonings, we have a whole range to choose fromthings like pepper, paprika, ginger, cinnamon, cumin, turmeric, nutmeg, mace, cardamom, coriander, cloves, and lots more. Out of all these, ginger stands out as a real star. It's got a unique taste and smell that's a bit spicy, a bit sweet, and nice and warm. It's like the perfect addition to any meal, whether you're making something savory or something sweet. It brings a special something that makes it a go-to for spice blends and seasoning mixes. On top of being delicious, ginger has been used for ages in stuff like Ayurvedic and Chinese medicine. It's supposed to help with inflammation, fight off free radicals, and even improve digestion. And since more and more people are trying to live healthier, there's a growing interest in using ginger for these possible health benefits. Plus, with the whole "clean label" thing, people are looking for ingredients that sound natural, not like a bunch of chemicals. So, ginger is a great choice for spice blends and seasoning mixes instead of artificial flavors or additives.

 Its natural origin and perceived health benefits make it an attractive choice for food manufacturers and consumers alike. Food manufacturers are continually innovating with ginger as an ingredient in new product formulations. This includes ready-to-use spice blends, marinades, sauces, dressings, and functional food products targeting health-conscious consumers. Overall, the demand for ginger in spices and seasonings is expected to continue growing as consumers seek flavorful, healthy, and globally inspired food options. Ginger's culinary versatility, health benefits, and widespread cultural influence contribute to its popularity in the spice and seasoning industry.

North America headed the Spices and Seasonings market in 2023

Imagine North America as a giant kitchen, filled with a vibrant mix of cultures, each bringing their own unique flavors. This diversity means that people here crave a world of spices and seasonings to make their favorite dishes taste just like home. There's a growing craze for trying new cuisines from Asia, Latin America, the Middle East, and India. Think cumin, paprika, turmeric, curry blends, and more! These spices aren't just for flavor; they're also like mini health boosters. Turmeric, ginger, cinnamon, and cayenne pepper are superstars, packed with antioxidants and anti-inflammatory powers. So, not only will your food taste amazing, but it might also be doing your body some good!

Hey there, spice lovers! Restaurants, fast-food joints, and food trucks are all crazy about spices and seasonings. They're always on the hunt to create mouthwatering dishes that'll keep you coming back for more. And guess what? People like us are also hooked on spices and seasonings. We're all about finding the perfect blend of flavors for our home cooking adventures. That's why the demand for spices and seasonings is skyrocketing. Thanks to the magic of the internet, it's easier than ever to find the spices we crave. Online stores have got us covered from specialty spices to gourmet blends and even hard-to-find ingredients. It's like having a spice shop right at our fingertips! Behind the scenes, some big names in the spice world are making it all happen. Companies like McCormick & Company, Kerry Group, and Ajinomoto are creating the delicious flavors that we sprinkle on our food.

Seasonings and Spices Market Report Coverage

ATTRIBUTES DETAILS
STUDY PERIOD 2021-2030
BASE YEAR 2023
FORECAST PERIOD 2024-2030
HISTORICAL PERIOD 2021-2022
UNIT VALUE (USD BILLION)
KEY COMPANIES PROFILED Everest Spices, Ajinomoto, AnKee, Ariake Japan, Bart Ingredients, Dohler Group, Haday, Knorr, Kraft Heinz, Lee Kum Kee, MDH Spices, Shinho
SEGMENTS COVERED By Type - Herbs, Spices, Salt, Salt Substitutes, Pepper
By Application - Bakery, Confectionery, Sauces, Convenience Food, Snacks, Other
By Geography - North America, Europe, APAC, Middle East Asia & Rest Of World.

keyplayers

  • Everest Spices
  • Ajinomoto
  • AnKee
  • Ariake Japan
  • Bart Ingredients
  • Dohler Group
  • Haday
  • Knorr
  • Kraft Heinz
  • Lee Kum Kee
  • MDH Spices
  • Shinho.  

Seasonings and Spices Market Segmentation 

By Type

  • Herbs
  • Spices
  • Salt
  • Salt Substitutes
  • Pepper

By Application

  • Bakery
  • Confectionery
  • Sauces
  • Convenience Food
  • Snacks
  • Other

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

research Methodology

The qualitative and quantitative data of the Seasonings and Spices Market is prepared through various research considerations such as subject matter expert advice, primary and secondary research. Primary research leverages valuable information from face-to-face and/or telephonic interviews and surveys, questionnaires, industry expert opinion, KOLs, customers, and others. Primary interviews are conducted regularly with industry experts to create in-depth expert information on the market and to substantiate the existing analysis of the data.

Secondary research done by Verified Market Reports research team through various sources such as

  • Company websites, annual reports, financial reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent, and regulatory databases
  • National government documents, statistical databases, and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market
  • Paid database

The data for total sales was determined through primary research in each of the countries by interviewing key opinion leaders which included insights from

  • C-Level Executives
  • Marketing Manager, Brand Manager, Product Manager
  • Sales Manager, Sales Officer, Regional Sales Manager, Country Manager
  • Procurement Manager
  • Production Manager
  • Technical Personnel
  • Distributors

The subject matter experts act as a key link to validate and substantiate the key research findings and understandings as the experts have acquired extensive experience in the market over the years. Secondary research data for the Seasonings and Spices Market are collected from the internet, printed documents (company annual reports and research papers) related to the industry, industrial magazines, association findings, government websites, and others. These multiple information sources provide a key outline of the market.

Table of Content

  1. Introduction of Seasonings and Spices Market
    1. Market Definition
    2. Market Segmentation
    3. Research Timelines
    4. Assumptions
    5. Limitations
  2. Research Methodology
    1. Data Mining
    2. Secondary Research
    3. Primary Research
    4. Subject Matter Expert Advice
    5. Quality Check
    6. Final Review
    7. Data Triangulation
    8. Bottom-Up Approach
    9. Top-Down Approach
    10. Research Flow
  1. Executive Summary
    1. Market Overview
    2. Ecology Mapping
    3. Primary Research
    4. Absolute Market Opportunity
    5. Market Attractiveness
    6. Seasonings and Spices Market Geographical Analysis (CAGR %)
    7. Seasonings and Spices Market by Type USD Million
    8. Seasonings and Spices Market by Application USD Million
    9. Future Market Opportunities
    10. Product Lifeline
    11. Key Insights from Industry Experts
    12. Data Sources
  2. Seasonings and Spices Market Outlook
    1. Seasonings and Spices Market Evolution
    2. Market Drivers
      1. Driver 1
      2. Driver 2
    3. Market Restraints
      1. Restraint 1
      2. Restraint 2
    4. Market Opportunities
      1. Opportunity 1
      2. Opportunity 2
    5. Market Trends
      1. Trend 1
      2. Trend 2
    6. Porter's Five Forces Analysis
    7. Value Chain Analysis
    8. Pricing Analysis
    9. Macroeconomic Analysis
    10. Regulatory Framework
  3. by Type
    1. Overview
    2. Herbs
    3. Spices
    4. Salt
    5. Salt Substitutes
    6. Pepper
  4. by Application
    1. Overview
    2. Bakery
    3. Confectionery
    4. Sauces
    5. Convenience Food
    6. Snacks
    7. Other
  5. Seasonings and Spices Market by Geography
    1. Overview
    2. North America Market Estimates & Forecast 2021 - 2031 (USD Million)
      1. U.S.
      2. Canada
      3. Mexico
    3. Europe Market Estimates & Forecast 2021 - 2031 (USD Million)
      1. Germany
      2. United Kingdom
      3. France
      4. Italy
      5. Spain
      6. Rest of Europe
    4. Asia Pacific Market Estimates & Forecast 2021 - 2031 (USD Million)
      1. China
      2. India
      3. Japan
      4. Rest of Asia Pacific
    5. Latin America Market Estimates & Forecast 2021 - 2031 (USD Million)
      1. Brazil
      2. Argentina
      3. Rest of Latin America
    6. Middle East and Africa Market Estimates & Forecast 2021 - 2031 (USD Million)
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Rest of MEA

 

  1. Competitive Landscape
    1. Overview
    2. Company Market Ranking
    3. Key Developments
    4. Company Regional Footprint
    5. Company Industry Footprint
    6. ACE Matrix
  1. Company Profiles
    1. Introduction
    2. Everest Spices
      1. Company Overview
      2. Company Key Facts
      3. Business Breakdown
      4. Product Benchmarking
      5. Key Development
      6. Winning Imperatives*
      7. Current Focus & Strategies*
      8. Threat from Competitors*
      9. SWOT Analysis*
    3. Ajinomoto
    4. AnKee
    5. Ariake Japan
    6. Bart Ingredients
    7. Dohler Group
    8. Haday
    9. Knorr
    10. Kraft Heinz
    11. Lee Kum Kee
    12. MDH Spices
    13. Shinho

 

keyplayers

  • Everest Spices
  • Ajinomoto
  • AnKee
  • Ariake Japan
  • Bart Ingredients
  • Dohler Group
  • Haday
  • Knorr
  • Kraft Heinz
  • Lee Kum Kee
  • MDH Spices
  • Shinho.  

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