B2B Packaged Spices Market - Global B2B Packaged Spices Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - (By Spice Type Coverage, By Form Coverage, By Geographic Coverage and By Company)

Description

The B2B packaged spices market reached a value of US$596.8 million in 2023 and is projected to grow to US$868.2 million by 2030, reflecting a notable growth trajectory. The market is expected to experience a CAGR of 5.5% from 2023 to 2030. This detailed report delves into the key factors driving growth, obstacles, trends, and regional dynamics shaping the future of the market.

Key Growth Drivers

Rising Demand from the Foodservice Industry

The foodservice industry is a major driver of the B2B packaged spices market. Restaurants, hotels, catering services, and institutional kitchens rely on high-quality spices to enhance their dishes' flavor profiles. Packaged spices offer the convenience, consistent quality, and ease of use necessary to meet the operational demands of these businesses. With the global expansion of the foodservice sector, driven by urbanization, evolving consumer lifestyles, and increasing dining-out trends, the demand for packaged spices is expected to grow. Suppliers and manufacturers can capitalize on this trend by providing a variety of packaged spices tailored to different cuisines and culinary preferences.

Globalization of Culinary Preferences

The globalization of culinary preferences is set to drive the B2B packaged spices market by increasing the variety of spices demanded by consumers worldwide. As people explore and adopt diverse cuisines, there is a growing need for a wide range of spices to recreate authentic flavors. This trend creates opportunities for suppliers and manufacturers to cater to the evolving tastes and preferences of global consumers. Packaged spices enable foodservice establishments and manufacturers to experiment with new recipes and ingredients, facilitating the incorporation of international flavors into their offerings.

Expansion of the Food Manufacturing Sector

The growth of the food manufacturing sector significantly boosts the B2B packaged spices market. As the sector expands to meet the increasing demand for processed and packaged food products, there is a parallel need for high-quality spices to enhance the taste and appeal of these products. Packaged spices offer convenience, consistency, and standardized quality, making them essential in various food manufacturing processes. Additionally, as consumers seek more flavorful and diverse food options, manufacturers are exploring new recipes and flavor profiles, leading to greater demand for a wide range of spices.

Major Growth Barriers

Quality Control Issues

Quality control challenges pose a significant hurdle in the B2B packaged spices market. Ensuring consistent quality standards across batches of spices sourced from different regions with varying production practices is complex. Inconsistencies in flavor, aroma, and potency can affect customer satisfaction and brand reputation. Additionally, stringent food safety regulations necessitate rigorous quality control measures, increasing production costs and operational complexities for suppliers and manufacturers.

Competition from Fresh Spices

Competition from fresh spices presents a challenge to the B2B packaged spices market. Some consumers prefer the superior aroma and flavor of freshly ground spices over packaged alternatives. This preference can lead to a decline in demand for packaged spices, particularly among culinary professionals seeking premium quality and authenticity. To address this challenge, packaged spice manufacturers must emphasize the convenience, consistency, and shelf stability of their products to attract and retain customers in the competitive market landscape.

Key Trends and Opportunities

Demand for Ethnic and Authentic Flavors

The demand for ethnic and authentic flavors in the B2B packaged spices market is rising as consumers increasingly seek to explore global cuisines. Suppliers have opportunities to meet this demand by offering a diverse range of spice blends tailored to different culinary traditions and flavor preferences.

Sustainability and Ethical Sourcing

Sustainability and ethical sourcing are gaining importance in the B2B packaged spices market. Suppliers are embracing transparent sourcing practices, obtaining fair trade certifications, and adopting eco-friendly packaging solutions to meet consumer demand for responsibly sourced spices while minimizing environmental impact throughout the supply chain.

Premiumization and Specialty Blends

Premiumization and specialty blends are emerging trends in the B2B packaged spices market. Suppliers are capitalizing on consumer willingness to pay for high-quality and unique flavor experiences by offering premium spice blends crafted with carefully selected ingredients and innovative flavor profiles, catering to discerning chefs and foodservice establishments.

Regional Leaders

North America

North America has captured the largest market share in the B2B packaged spices market due to several factors. The region boasts a diverse culinary landscape with a high demand for spices across various cuisines, including Mexican, Italian, and Asian. The presence of a robust foodservice industry, including restaurants, hotels, and catering services, drives significant demand for packaged spices. Additionally, the region's growing population, changing consumer preferences, and increasing awareness of ethnic and international cuisines contribute to sustained market growth, positioning North America as a key market for suppliers and manufacturers.

Asia Pacific

The Asia Pacific region is set to witness significant growth in sales during the forecast period due to its rich culinary heritage and diverse cuisines that drive robust demand for a wide variety of spices. The growing population, rising disposable incomes, and urbanization contribute to increased consumption of packaged spices in food preparation. Additionally, the expanding foodservice industry and growing adoption of international cuisines further stimulate market growth in the region.

Competitive Landscape

1. MDH Spices

2. Everest Spices

3. Ajinomoto Co., Inc.

4. Badia Spices, Inc.

5. Baria Pepper

6. Olde Thompson

7. Catch Foods

8. Pereg Natural Foods

9. Olam International Limited

10. Dabur India Ltd.

11. Everland Natural Foods

12. The Hain Celestial Group, Inc.

13. Kerry Group

14. Cargill, Incorporated

15. Unilever

Market Segmentation

By Spices Type

Chillis
Garlic
Turmeric
Ginger
Black Pepper
Others

By Form

Whole
Grounded/Powder
Spice Mixes
Paste
Others

By Geographic Coverage

North America
- U.S.
- Canada
Europe
- Germany
- U.K.
- France
- Italy
- Turkey
- Russia
- Rest of Europe
Asia Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Egypt
- Nigeria
- Rest of Middle East & Africa

1. Executive Summary

1.1. Global B2B Packaged Spices Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2022
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global B2B Packaged Spices Market Outlook, 2018 - 2030

3.1. Global B2B Packaged Spices Market Outlook, by Spices Type, Value (US$ Mn), 2018 - 2030
- 3.1.1. Key Highlights
  - 3.1.1.1. Chillies
  - 3.1.1.2. Garlic
  - 3.1.1.3. Turmeric
  - 3.1.1.4. Ginger
  - 3.1.1.5. Black Pepper
  - 3.1.1.6. Others
3.2. Global B2B Packaged Spices Market Outlook, by Form, Value (US$ Mn), 2018 - 2030
- 3.2.1. Key Highlights
  - 3.2.1.1. Whole
  - 3.2.1.2. Grounded/Powder
  - 3.2.1.3. Spice Mixes
  - 3.2.1.4. Paste
  - 3.2.1.5. Others
3.3. Global B2B Packaged Spices Market Outlook, by Region, Value (US$ Mn), 2018 - 2030
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America B2B Packaged Spices Market Outlook, 2018 - 2030

4.1. North America B2B Packaged Spices Market Outlook, by Spices Type, Value (US$ Mn), 2018 - 2030
- 4.1.1. Key Highlights
  - 4.1.1.1. Chillies
  - 4.1.1.2. Garlic
  - 4.1.1.3. Turmeric
  - 4.1.1.4. Ginger
  - 4.1.1.5. Black Pepper
  - 4.1.1.6. Others
4.2. North America B2B Packaged Spices Market Outlook, by Form, Value (US$ Mn), 2018 - 2030
- 4.2.1. Key Highlights
  - 4.2.1.1. Whole
  - 4.2.1.2. Grounded/Powder
  - 4.2.1.3. Spice Mixes
  - 4.2.1.4. Paste
  - 4.2.1.5. Others
- 4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America B2B Packaged Spices Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. B2B Packaged Spices Market by Spices Type, Value (US$ Mn), 2018 - 2030
  - 4.3.1.2. U.S. B2B Packaged Spices Market Form, Value (US$ Mn), 2018 - 2030
  - 4.3.1.3. Canada B2B Packaged Spices Market by Spices Type, Value (US$ Mn), 2018 - 2030
  - 4.3.1.4. Canada B2B Packaged Spices Market Form, Value (US$ Mn), 2018 - 2030
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe B2B Packaged Spices Market Outlook, 2018 - 2030

5.1. Europe B2B Packaged Spices Market Outlook, by Spices Type, Value (US$ Mn), 2018 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. Chillies
  - 5.1.1.2. Garlic
  - 5.1.1.3. Turmeric
  - 5.1.1.4. Ginger
  - 5.1.1.5. Black Pepper
  - 5.1.1.6. Others
5.2. Europe B2B Packaged Spices Market Outlook, by Form, Value (US$ Mn), 2018 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. Whole
  - 5.2.1.2. Grounded/Powder
  - 5.2.1.3. Spice Mixes
  - 5.2.1.4. Paste
  - 5.2.1.5. Others
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe B2B Packaged Spices Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany B2B Packaged Spices Market by Spices Type, Value (US$ Mn), 2018 - 2030
  - 5.3.1.2. Germany B2B Packaged Spices Market Form, Value (US$ Mn), 2018 - 2030
  - 5.3.1.3. U.K. B2B Packaged Spices Market by Spices Type, Value (US$ Mn), 2018 - 2030
  - 5.3.1.4. U.K. B2B Packaged Spices Market Form, Value (US$ Mn), 2018 - 2030
  - 5.3.1.5. France B2B Packaged Spices Market by Spices Type, Value (US$ Mn), 2018 - 2030
  - 5.3.1.6. France B2B Packaged Spices Market Form, Value (US$ Mn), 2018 - 2030
  - 5.3.1.7. Italy B2B Packaged Spices Market by Spices Type, Value (US$ Mn), 2018 - 2030
  - 5.3.1.8. Italy B2B Packaged Spices Market Form, Value (US$ Mn), 2018 - 2030
  - 5.3.1.9. Turkey B2B Packaged Spices Market by Spices Type, Value (US$ Mn), 2018 - 2030
  - 5.3.1.10. Turkey B2B Packaged Spices Market Form, Value (US$ Mn), 2018 - 2030
  - 5.3.1.11. Russia B2B Packaged Spices Market by Spices Type, Value (US$ Mn), 2018 - 2030
  - 5.3.1.12. Russia B2B Packaged Spices Market Form, Value (US$ Mn), 2018 - 2030
  - 5.3.1.13. Rest of Europe B2B Packaged Spices Market by Spices Type, Value (US$ Mn), 2018 - 2030
  - 5.3.1.14. Rest of Europe B2B Packaged Spices Market Form, Value (US$ Mn), 2018 - 2030
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific B2B Packaged Spices Market Outlook, 2018 - 2030

6.1. Asia Pacific B2B Packaged Spices Market Outlook, by Spices Type, Value (US$ Mn), 2018 - 2030
- 6.1.1. Key Highlights
  - 6.1.1.1. Chillies
  - 6.1.1.2. Garlic
  - 6.1.1.3. Turmeric
  - 6.1.1.4. Ginger
  - 6.1.1.5. Black Pepper
  - 6.1.1.6. Others
6.2. Asia Pacific B2B Packaged Spices Market Outlook, by Form, Value (US$ Mn), 2018 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. Whole
  - 6.2.1.2. Grounded/Powder
  - 6.2.1.3. Spice Mixes
  - 6.2.1.4. Paste
  - 6.2.1.5. Others
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific B2B Packaged Spices Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. China B2B Packaged Spices Market by Spices Type, Value (US$ Mn), 2018 - 2030
  - 6.3.1.2. China B2B Packaged Spices Market Form, Value (US$ Mn), 2018 - 2030
  - 6.3.1.3. Japan B2B Packaged Spices Market by Spices Type, Value (US$ Mn), 2018 - 2030
  - 6.3.1.4. Japan B2B Packaged Spices Market Form, Value (US$ Mn), 2018 - 2030
  - 6.3.1.5. South Korea B2B Packaged Spices Market by Spices Type, Value (US$ Mn), 2018 - 2030
  - 6.3.1.6. South Korea B2B Packaged Spices Market Form, Value (US$ Mn), 2018 - 2030
  - 6.3.1.7. India B2B Packaged Spices Market by Spices Type, Value (US$ Mn), 2018 - 2030
  - 6.3.1.8. India B2B Packaged Spices Market Form, Value (US$ Mn), 2018 - 2030
  - 6.3.1.9. Southeast Asia B2B Packaged Spices Market by Spices Type, Value (US$ Mn), 2018 - 2030
  - 6.3.1.10. Southeast Asia B2B Packaged Spices Market Form, Value (US$ Mn), 2018 - 2030
  - 6.3.1.11. Rest of Asia Pacific B2B Packaged Spices Market by Spices Type, Value (US$ Mn), 2018 - 2030
  - 6.3.1.12. Rest of Asia Pacific B2B Packaged Spices Market Form, Value (US$ Mn), 2018 - 2030
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America B2B Packaged Spices Market Outlook, 2018 - 2030

7.1. Latin America B2B Packaged Spices Market Outlook, by Spices Type, Value (US$ Mn), 2018 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. Chillies
  - 7.1.1.2. Garlic
  - 7.1.1.3. Turmeric
  - 7.1.1.4. Ginger
  - 7.1.1.5. Black Pepper
  - 7.1.1.6. Others
7.2. Latin America B2B Packaged Spices Market Outlook, by Form, Value (US$ Mn), 2018 - 2030
- 7.1.2. Key Highlights
  - 7.2.1.1. Whole
  - 7.2.1.2. Grounded/Powder
  - 7.2.1.3. Spice Mixes
  - 7.2.1.4. Paste
  - 7.2.1.5. Others
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America B2B Packaged Spices Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil B2B Packaged Spices Market by Spices Type, Value (US$ Mn), 2018 - 2030
  - 7.3.1.2. Brazil B2B Packaged Spices Market Form, Value (US$ Mn), 2018 - 2030
  - 7.3.1.3. Mexico B2B Packaged Spices Market by Spices Type, Value (US$ Mn), 2018 - 2030
  - 7.3.1.4. Mexico B2B Packaged Spices Market Form, Value (US$ Mn), 2018 - 2030
  - 7.3.1.5. Argentina B2B Packaged Spices Market by Spices Type, Value (US$ Mn), 2018 - 2030
  - 7.3.1.6. Argentina B2B Packaged Spices Market Form, Value (US$ Mn), 2018 - 2030
  - 7.3.1.7. Rest of Latin America B2B Packaged Spices Market by Spices Type, Value (US$ Mn), 2018 - 2030
  - 7.3.1.8. Rest of Latin America B2B Packaged Spices Market Form, Value (US$ Mn), 2018 - 2030
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa B2B Packaged Spices Market Outlook, 2018 - 2030

8.1. Middle East & Africa B2B Packaged Spices Market Outlook, by Spices Type, Value (US$ Mn), 2018 - 2030
- 8.1.1. Key Highlights
  - 8.1.1.1. Chillies
  - 8.1.1.2. Garlic
  - 8.1.1.3. Turmeric
  - 8.1.1.4. Ginger
  - 8.1.1.5. Black Pepper
  - 8.1.1.6. Others
8.2. Middle East & Africa B2B Packaged Spices Market Outlook, by Form, Value (US$ Mn), 2018 - 2030
- 8.2.1. Key Highlights
  - 8.2.1.1. Whole
  - 8.2.1.2. Grounded/Powder
  - 8.2.1.3. Spice Mixes
  - 8.2.1.4. Paste
  - 8.2.1.5. Others
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa B2B Packaged Spices Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC B2B Packaged Spices Market by Spices Type, Value (US$ Mn), 2018 - 2030
  - 8.3.1.2. GCC B2B Packaged Spices Market Form, Value (US$ Mn), 2018 - 2030
  - 8.3.1.3. South Africa B2B Packaged Spices Market by Spices Type, Value (US$ Mn), 2018 - 2030
  - 8.3.1.4. South Africa B2B Packaged Spices Market Form, Value (US$ Mn), 2018 - 2030
  - 8.3.1.5. Egypt B2B Packaged Spices Market by Spices Type, Value (US$ Mn), 2018 - 2030
  - 8.3.1.6. Egypt B2B Packaged Spices Market Form, Value (US$ Mn), 2018 - 2030
  - 8.3.1.7. Nigeria B2B Packaged Spices Market by Spices Type, Value (US$ Mn), 2018 - 2030
  - 8.3.1.8. Nigeria B2B Packaged Spices Market Form, Value (US$ Mn), 2018 - 2030
  - 8.3.1.9. Rest of Middle East & Africa B2B Packaged Spices Market by Spices Type, Value (US$ Mn), 2018 - 2030
  - 8.3.1.10. Rest of Middle East & Africa B2B Packaged Spices Market Form, Value (US$ Mn), 2018 - 2030
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Form vs Form Heatmap
9.2. Manufacturer vs Form Heatmap
9.3. Company Market Share Analysis, 2022
9.4. Competitive Dashboard
9.5. Company Profiles
- 9.5.1. MDH Spices
  - 9.5.1.1. Company Overview
  - 9.5.1.2. Product Portfolio
  - 9.5.1.3. Financial Overview
  - 9.5.1.4. Business Strategies and Development
- 9.5.2. Everest Spices
  - 9.5.2.1. Company Overview
  - 9.5.2.2. Product Portfolio
  - 9.5.2.3. Financial Overview
  - 9.5.2.4. Business Strategies and Development
- 9.5.3. Ajinomoto Co., Inc.
  - 9.5.3.1. Company Overview
  - 9.5.3.2. Product Portfolio
  - 9.5.3.3. Financial Overview
  - 9.5.3.4. Business Strategies and Development
- 9.5.4. Badia Spices, Inc.
  - 9.5.4.1. Company Overview
  - 9.5.4.2. Product Portfolio
  - 9.5.4.3. Financial Overview
  - 9.5.4.4. Business Strategies and Development
- 9.5.5. Baria Pepper
  - 9.5.5.1. Company Overview
  - 9.5.5.2. Product Portfolio
  - 9.5.5.3. Financial Overview
  - 9.5.5.4. Business Strategies and Development
- 9.5.6. Olde Thompson
  - 9.5.6.1. Company Overview
  - 9.5.6.2. Product Portfolio
  - 9.5.6.3. Financial Overview
  - 9.5.6.4. Business Strategies and Development
- 9.5.7. Catch Foods
  - 9.5.7.1. Company Overview
  - 9.5.7.2. Product Portfolio
  - 9.5.7.3. Financial Overview
  - 9.5.7.4. Business Strategies and Development
- 9.5.8. Pereg Natural Foods
  - 9.5.8.1. Company Overview
  - 9.5.8.2. Product Portfolio
  - 9.5.8.3. Business Strategies and Development
- 9.5.9. Olam International Limited
  - 9.5.9.1. Company Overview
  - 9.5.9.2. Product Portfolio
  - 9.5.9.3. Financial Overview
  - 9.5.9.4. Business Strategies and Development
- 9.5.10. Dabur India Ltd.
  - 9.5.10.1. Company Overview
  - 9.5.10.2. Product Portfolio
  - 9.5.10.3. Financial Overview
  - 9.5.10.4. Business Strategies and Development
- 9.5.11. Everland Natural Foods
  - 9.5.11.1. Company Overview
  - 9.5.11.2. Product Portfolio
  - 9.5.11.3. Financial Overview
  - 9.5.11.4. Business Strategies and Development
- 9.5.12. The Hain Celestial Group, Inc.
  - 9.5.12.1. Company Overview
  - 9.5.12.2. Product Portfolio
  - 9.5.12.3. Financial Overview
  - 9.5.12.4. Business Strategies and Development
- 9.5.13. Kerry Group
  - 9.5.13.1. Company Overview
  - 9.5.13.2. Product Portfolio
  - 9.5.13.3. Financial Overview
  - 9.5.13.4. Business Strategies and Development
- 9.5.14. Cargill Incorporated
  - 9.5.14.1. Company Overview
  - 9.5.14.2. Product Portfolio
  - 9.5.14.3. Financial Overview
  - 9.5.14.4. Business Strategies and Development
- 9.5.15. Unilever
  - 9.5.15.1. Company Overview
  - 9.5.15.2. Product Portfolio
  - 9.5.15.3. Financial Overview
  - 9.5.15.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations