Spices & Seasonings Market by Product, Application, Distribution Channel

List of Tables

[180 Pages Report] The Spices & Seasonings Market size was estimated at USD 29.43 billion in 2023 and expected to reach USD 31.27 billion in 2024, at a CAGR 6.42% to reach USD 45.52 billion by 2030.

Spices & seasonings comprise the manufacturing, distribution, and consumption of various natural or synthetic flavor-enhancing agents used to augment the taste and aroma of food products. These agents are primarily derived from plant sources such as seeds, leaves, fruits, roots, or barks and include spices like pepper, turmeric, and cinnamon and seasonings such as herbs, salts, and sugar-based blends. Increasing globalization resulting in greater exposure to international cuisines, rising income levels leading to higher demand for convenience foods, and a growing focus on health-conscious living contributed to the market growth. Additionally, increased price volatility due to fluctuating raw material costs, supply chain disruptions, and stringent food safety/regulatory standards necessitating compliance may hamper market demand. Government initiatives supporting sustainable agriculture/local farming/trade promotion and product innovations catering to emerging consumer trends are expected to present a lucrative market opportunity in the forecast period.

KEY MARKET STATISTICS
Base Year [2023]	USD 29.43 billion
Estimated Year [2024]	USD 31.27 billion
Forecast Year [2030]	USD 45.52 billion
CAGR (%)	6.42%

Product: Extensive adoption of spices and seasoning products among consumers due to their associated health benefits

Herbs are commonly used for their aromatic properties, adding flavor, freshness, and depth to dishes without contributing significant amounts of sodium or calories. They are particularly popular among health-conscious consumers seeking natural alternatives to artificial flavor enhancers. Salt is an essential ingredient in various cuisines worldwide due to its ability to enhance the overall taste of food while acting as a natural preservative. This has led to a growing demand for salt substitutes that offer similar flavor-enhancing properties, eliminating the adverse health effects of traditional table salt. Spices deliver a wide range of health benefits, including anti-inflammatory and antioxidant properties, making them highly sought after by consumers focused on wellness and nutrition.

Distribution Channel: Emergence of an online distribution channel owing to its accessibility and convenience aspects

Distribution channels are essential for providing customers with access to a diverse range of spice & seasoning products. Offline distribution comprises traditional brick-and-mortar stores such as supermarkets, hypermarkets, specialty stores, and convenience stores. These outlets appeal to customers who value tactile experiences when selecting spices & seasonings. Offline stores offer immediate product availability and personalized customer service. However, they may have limited stock or variety due to space constraints. Online distribution channels have gained significant traction recently due to their accessibility and convenience. Online distribution provides wider product availability and variety, a quick and convenient shopping experience, and easy product comparison and price-checking. Offline distribution channels remain essential as they provide immediate product availability and tactile experiences. However, the online channel is rapidly gaining ground due to broader product variety, ease of use, and competitive pricing.

Application: Accelerating the use of spices & seasonings in food & beverage production facilities worldwide

Spices & seasonings play a crucial role in various industries, such as bakery & confectionery, beverages, frozen foods, meat and seafood, salads and dressings, savory snacks, and soups and sauces. In the bakery & confectionery sector, spices are essential for enhancing the flavor of baked goods, teas, coffees, cocktails, and soft drinks. Consumers are increasingly drawn to natural flavorings such as cinnamon, nutmeg, cardamom, and ginger due to their perceived health benefits. Moreover, spices improve taste profiles, prolong the shelf life of food, and add convenience to frozen food products, such as ready meals. In salads & dressings, spices enhance the taste and serve as healthier alternatives to artificial additives. Specialty spices such as garlic or pepper make savory snacks more delicious, boosting sales and differentiating brands. Furthermore, the demand for low-sodium soup options is rising among health-conscious consumers, leading to the exploration of unique spice solutions for salt replacement.

Regional Insights

The Americas represents a lucrative landscape in the spices & seasonings market owing to the rise in consumption driven by increasing multiculturalism, evolving consumer palates, and a growing interest in ethnic cuisines. Additionally, the demand for organic spices & seasonings has surged due to health-conscious consumers seeking natural alternatives to artificial ingredients. The European region represents a significant spices & seasonings market due to increased travel experiences, exposure to global culinary trends, and immigration, contributing to a diversified taste among European consumers. Furthermore, due to heightened environmental awareness, there is a growing preference for sustainably sourced spices in the EU region. The APAC region has a developed landscape in the spices & seasonings market due to extensive gastronomic culture boasting diverse regional flavors, driving strong local demand for spices. The affinity toward umami-rich foods, the rich culture of spices, and the presence of the largest producers of spices have contributed to the market growth in this region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Spices & Seasonings Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Spices & Seasonings Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Spices & Seasonings Market, highlighting leading vendors and their innovative profiles. These include Ajinomoto Co., Inc., All-Season Herbs Pvt. Ltd., Archer-Daniels-Midland Company, Arjuna Natural Pvt. Ltd., B&G Foods, Inc., Badia Spices, Inc., Baron Spices & Seasonings, BM Ingredients Europe GmbH, Cargill, Incorporated, Corbion N.V., DS Group, Dohler GmbH, EVEREST Food Products Pvt. Ltd., Frontier Co-op., Givaudan SA, Glanbia PLC, Goya Foods, Inc., House Foods Group Inc., Industrias Tajin, SA de CV, International Flavors & Fragrances Inc., Kalsec Inc., Kerry Group PLC, Kikkoman Corporation, Lionel Hitchen Limited, McCormick & Company, Incorporated, Olam Group Limited, Prymat sp. z o. o., Royal DSM, Sensient Technologies Corporation, SHS Group, Takasago International Corporation, The Kraft Heinz Company, Universal Oleoresins, V & D Flavours & Fragrances, and Watkins Incorporated.

Market Segmentation & Coverage

This research report categorizes the Spices & Seasonings Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
- Herbs
  - Basil
  - Fennel
  - Garlic
  - Mint
  - Oregano
  - Parsley
  - Rosemary
  - Thyme

Salt & Salt Substitutes
Spices
- Cardamom
- Cinnamon
- Cloves
- Coriander
- Cumin
- Ginger
- Nutmeg
- Pepper
- Turmeric

Application
- Bakery & Confectionery
- Beverages
- Frozen Foods
- Meat & Seafood
- Salads & Dressings
- Savory Snacks
- Soups & Sauces

Distribution Channel
- Offline
  - Convenience Stores
  - Supermarkets & Hypermarkets

Online

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Spices & Seasonings Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Spices & Seasonings Market?

3. What are the technology trends and regulatory frameworks in the Spices & Seasonings Market?

4. What is the market share of the leading vendors in the Spices & Seasonings Market?

5. Which modes and strategic moves are suitable for entering the Spices & Seasonings Market?

Product Code: MRR-434CCDA0428E

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. High adoption of spices & seasonings across processed food & beverage industries
  - 5.1.1.2. Proliferating demand for organic spices and herbs due to nutritional benefits
  - 5.1.1.3. Growing use of ready-to-use spice mixes and evolving consumer preferences toward ethnic flavors
- 5.1.2. Restraints
  - 5.1.2.1. Price volatility due to fluctuating raw material costs
- 5.1.3. Opportunities
  - 5.1.3.1. Emergence of spices & seasonings distribution on online platforms
  - 5.1.3.2. Advancements in the processing and packaging of various spices & seasonings
- 5.1.4. Challenges
  - 5.1.4.1. Adulteration of spices & seasonings leading to product recall
5.2. Market Segmentation Analysis
- 5.2.1. Product: Extensive adoption of spices and seasoning products among consumers due to their associated health benefits
- 5.2.2. Distribution Channel: Emergence of an online distribution channel owing to its accessibility and convenience aspects
- 5.2.3. Application: Accelerating the use of spices & seasonings in food & beverage production facilities worldwide
5.3. Market Trend Analysis
- 5.3.1. Rise of the Americas as a major ethnic spice provider to cater to the rising consumer demand for traditional cuisines
- 5.3.2. Increased government emphasis of Asia-Pacific countries to promote spice & seasoning market penetration across Europe and North America
- 5.3.3. Extensive regional demand and trade opportunities for spices & seasonings across EMEA
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis

6. Spices & Seasonings Market, by Product

6.1. Introduction
6.2. Herbs
6.3. Salt & Salt Substitutes
6.4. Spices

7. Spices & Seasonings Market, by Application

7.1. Introduction
7.2. Bakery & Confectionery
7.3. Beverages
7.4. Frozen Foods
7.5. Meat & Seafood
7.6. Salads & Dressings
7.7. Savory Snacks
7.8. Soups & Sauces

8. Spices & Seasonings Market, by Distribution Channel

8.1. Introduction
8.2. Offline
8.3. Online

9. Americas Spices & Seasonings Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Spices & Seasonings Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Spices & Seasonings Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. B&G Foods and Sazerac Partner To Launch New Seasoning Blends
- 12.3.2. Kraft Heinz Seasonings Brand Launches in the U.S.
- 12.3.3. McCormick and Tabitha Brown Expand Partnership to Launch Five New Salt Free Vegan Seasoning Products
- 12.3.4. McCormick Announces Redesign of Core Line of Herbs & Spices
- 12.3.5. Kikkoman to Boost Supplies of its Soy Sauce to Meet The Expected Surge in Demand From the Indian Food Processing Industry
- 12.3.6. D2C Ethnic Food Brand Spice Story Partners Jayanti Herbs for Offline Expansion
- 12.3.7. Organic Spices Inc. Gains BeVeg Vegan Certification & SQF
- 12.3.8. Mane Kancor and Natures Spices Announced Partnership

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio