Europe Spices and Seasonings size is predicted at USD 3.42 billion in 2024. It is expected to grow at a CAGR of 5.8% to reach USD 4.53 billion by 2029. It captures 25% of the global market.
More often than not consumers prefer in-house prepared food during unstable economic conditions and because of that seasoning market is considered to be recession-proof. It is an essential part of cuisine since it is accountable to add aroma and taste to the food. It is mainly used in snacks to enhance the flavor of food. Because of globalization along with the rising influence of western countries, the seasoning market has risen significantly. An increasing number of consumers who consider seasoning to augment their meals with better tastes is the primary driver of this market. Rising disposable incomes in emerging economies and rapid urbanization are the secondary factors driving the growth of this market. Finally, changing demographics in western countries is also likely to affect the market growth in a positive way. Growing cases of unfair trade practices leading to many arbitrations internationally and sanctions of WTO in many countries is the primary restraint of this market. Furthermore, volatility in the market prices of spices and fragile supply chains make it difficult to sustain a high growth trajectory over a period of time.
In this segment pepper followed by capsicum are the leading segments in the market. The use of pepper as a key ingredient in various cuisines has increased worldwide. Apart from that it is used extensively as a medicine in Ayurveda treatments thereby increasing its demand worldwide.
In the applications segment, meat & poultry products commanded the largest market share in 2016. The demand for snacks & convenience food is likely to grow due to changing dietary patterns of consumers and of their changing consumer lifestyles.
By geography, the Europe Spices and Seasonings has been categorized into
Frequently Asked Questions
The most popular spices in Europe include black pepper, paprika, cumin, turmeric, and garlic powder. Local preferences also play a role, with Mediterranean countries favoring oregano, basil, and thyme.
Factors driving growth include the increasing demand for ethnic cuisines, growing awareness of health benefits associated with spices, and a rising trend toward organic and natural seasonings.
The growing demand for organic and clean-label products has significantly impacted the market, pushing producers to offer organic spices and seasonings, which are perceived as healthier and more sustainable.
Emerging trends include an increased interest in exotic and rare spices, the rising popularity of spice blends tailored to specific cuisines (like Middle Eastern or Asian), and a growing preference for ready-to-use seasoning mixes.
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