PUBLISHER: The Business Research Company | PRODUCT CODE: 1656964
PUBLISHER: The Business Research Company | PRODUCT CODE: 1656964
Spices and seasonings encompass aromatic substances derived from the roots, bark, seeds, leaves, or fruit of plants, as well as combinations of salts, sugars, and spices crafted to elevate the flavor of food. The significance of spices and seasonings is influenced by the specific use and nature of the dish.
Key types of spices and seasonings include pepper, capsicum, ginger, cinnamon, cumin, turmeric, nutmeg & mace, cardamom, coriander, cloves, and others. Pepper refers to seeds obtained from the dried berries (peppercorns) of the Piper nigrum vine. Black pepper, for instance, enhances the flavor in rubs, spice blends, salad dressings, and various culinary applications. Both organic and conventional spices and seasonings find widespread use in diverse applications, spanning meat and poultry products, snacks and confectionery items, bakery and confectionery products, frozen goods, beverages, and more.
The spices and seasonings market research report is one of a series of new reports from The Business Research Company that provides spices and seasonings market statistics, including spices and seasonings industry global market size, regional shares, competitors with a spices and seasonings market share, detailed spices and seasonings market segments, market trends and opportunities, and any further data you may need to thrive in the spices and seasonings industry. This spices and seasonings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The spices and seasonings market size has grown strongly in recent years. It will grow from $26.88 billion in 2024 to $28.84 billion in 2025 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to increased demand for spices and seasonings to enhance the flavor of food, growing popularity of ethnic foods and home cooking, rising income levels and newer food experiences, increased preference for trying out new flavors in the foodservice sector and processed food products, demand from consumers for high-quality, healthy food ingredients.
The spices and seasonings market size is expected to see strong growth in the next few years. It will grow to $40.17 billion in 2029 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to growing awareness of The medical benefits of spices and seasonings, increasing demand for new and exotic tastes along with organic flavors, rising consumer health consciousness, evolving consumption patterns, shelf-life extension. Major trends in the forecast period include introduction of blended spices, high dependency of spice crops on climate conditions, ethnic and regional flavors, transparency and traceability, custom spice blends.
The anticipated growth in the hospitality industry is poised to drive the spice and seasonings market. Factors such as a rapid increase in net disposable income, evolving travel trends, and an improved work-life balance contribute to the expansion of the hospitality sector globally. This surge in the hospitality industry is expected to stimulate the demand for spices and seasonings, as they play a crucial role in the culinary preparations of diverse cuisines worldwide. According to a report by the India Brand Equity Foundation (IBEF) in May 2022, the combined value of domestic, international, and outbound hotel businesses in India was $32 billion in FY20 and is projected to reach $52 billion by FY27, fueled by growing traveler demand and continuous market expansion efforts by travel agencies. Therefore, the burgeoning hospitality industry is anticipated to drive the spices and seasonings market during the forecast period.
The expansion of the food service industry is expected to propel the growth of the spice and seasonings market in the future. Encompassing businesses involved in the preparation, serving, and delivery of food and beverages, the food service industry relies on spices and seasonings to enhance the flavor and aroma of dishes, creating distinctive tastes that cater to customer preferences and elevate the overall dining experience. For example, in August 2023, the U.S. restaurant industry reported sales of $898 billion in 2022, reflecting an increase of $166.5 billion from 2021 sales, as stated in an article by USA Today. Therefore, the upward trajectory of the food service industry is a driving force for the spice and seasonings market.
Major companies in the spices and seasonings market are increasingly focusing on introducing blended spices to meet the rising consumer demand for convenience, enhanced flavor profiles, and unique culinary experiences. Blended spices are a mixture of various ground spices, herbs, and seasonings designed to create a distinct flavor profile. All products are crafted from high-quality, all-natural ingredients, ensuring the absence of artificial colors, flavors, or preservatives, which aligns with consumer preferences for healthier food options. For example, in September 2024, M K Agrotech Pvt Ltd (Sunpure), an Indian manufacturing company, launched several blended spices, including Sunpure Sambar Powder, Sunpure Rasam Powder, and Sunpure Puliyogare Powder. Each spice is sourced from its specific geographical region to ensure freshness and authenticity. As an ISO 22000:2018 certified company, Sunpure adheres to stringent quality checks to guarantee that all products meet high hygiene and safety standards.
Major players in the spices and seasonings market are increasingly adopting a strategic partnership approach for launching new products. This collaborative strategy allows companies to leverage each other's strengths and resources for mutual benefits and success. In April 2023, McCormick & Company, a U.S.-based food company, collaborated with Tabitha Brown, a U.S.-based actress, to expand their partnership by introducing five new salt-free, vegan seasoning products. These products include two seasoning blends released in spring and three recipe mixes slated for availability later in the summer.
In March 2022, SALIC Corp, a UK-based investment firm specializing in agricultural investment and livestock production, acquired Olam International Ltd. for an undisclosed amount. This acquisition allows SALIC to enhance its portfolio by leveraging Olam's expertise in the spices and seasonings sector. Olam International Ltd. is a Singapore-based agribusiness company that specializes in providing spices and seasonings.
Major companies operating in the spices and seasonings market include McCormick & Company Incorporated, Olam International Limited, Ajinomoto Co. Inc., Associated British Foods plc, Kerry Group plc, Kikkoman Corporation, Sensient Technologies Corporation, Cargill Incorporated, Dohler GmbH, House Foods Group Inc., Baron Spices Inc., Prymat Sp. z o.o., SHS Group Limited, The Kraft Heinz Company, Unilever PLC, Ariake Japan Co. Ltd., Baria Pepper Joint Stock Company, The Bart Ingredients Co. Ltd., British Pepper & Spice Co. Ltd., Fuchs North America Inc., Givaudan SA, Griffith Foods Worldwide Inc., International Flavors & Fragrances Inc., Mane SA, Robertet SA, Symrise AG, Takasago International Corporation, T. Hasegawa Co. Ltd., Firmenich SA
North America was the largest region in the spices and seasonings market in 2024. Asia-Pacific is expected to be the fastest-growing region in the spices and seasonings market share during the forecast period. The regions covered in the spices and seasonings market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the spices and seasonings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The spices and seasonings market consists of sales of cloves, coriander, cumin, cardamom, cinnamon, mace, and chili powder. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this spices and seasonings market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Spices and Seasonings Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on spices and seasonings market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for spices and seasonings ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The spices and seasonings market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.