Spices And Seasonings Market

Global Spices and Seasonings Market Size (2024 to 2032)

The Global Spices and Seasonings market is expected to grow from USD 24.99 billion in 2024 to USD 38.35 billion in 2032, with a CAGR of 5.5% between 2024 and 2032.

Spices are planted extricates that are added to food things for upgrading their shading, fragrance, spice, taste, and time span of usability. These are accessible in the entire, ground, or mixed structure. The healthful advantages of different spices have helped in the development of the Spices and Seasonings Market. A developing pattern of consolidating spices into prepared-to-eat and prepared-to-drink foods and refreshments has additionally helped the market.

Current Scenario of the Spices and Seasonings Market

Globalization is quickly influencing the market with the higher entrance of indigenous spices and seasoning items around the world. The demand for spices and herbs has been increasing in the last few years because of their usage or application in medicine and daily human diet. Also, because of their historical significance, their use, value-added items and bi-products as sources of high power, wealth, medicine and food.

As 2025 comes closer, the flour world is transforming with a mix of renewed emphasis on sustainability, scientific breakthroughs, and diversity. The appeal of or enthusiasm for global flavours continues to be robust, with customers zealously trying new flavours that link them to different cultures and unique cooking ideas. This trend extends beyond just eating at restaurants; people are reviving bold flavours found in setups in their own pantries, testing with similar natural and artificial ingredients. The interrelation of smell and taste is evolving our knowledge of flavour and at the same time, growing worries for food security and environmentally-friendly sourcing directing these advancements. Therefore, today, these market dynamics are taking it forward.  In 2024, trending spices attracting consumers and chefs alike include black lime, gochujang, Aleppo pepper, tamarind, and berbere

MARKET DRIVERS

Rising plant-based eating is propelling the growth of the spices and seasoning market.

•  According to a study published by the Totally Vegan Buzz, to achieve its climate objective of curbing carbon discharge by 34 per cent by 2025, Sodexo intends to remodel its menu and integrate more plant-based foods because of their decreased emissions levels. Also, it plans to convert 42 per cent of its menus throughout universities and colleges to plant-based. This is anticipated to expand by another 6 per cent in a couple of years.

The technique of plant-based menu preparation is transforming as demand escalates, as consumers progressively disinclined foods that imitate the texture and flavour of meat. For instance, the 3 combinations in this context are Pork Stank, Nashville Hot Chicken, and Brazilian Steakhouse Seasoming.

The rising fame of fascinating cooking styles and expanded consumption of nutriment food will remain a key factor driving the development of the global spices and seasonings Industry. Globalization is quickly influencing the market with the higher entrance of indigenous spices and seasoning items around the world.

There are different kinds of pepper, for example, Marjoram and Anaheim, which are explicitly developed in Southern Europe and Mexico individually. Developing countries in the Asia Pacific locale will keep on raising noteworthy interest for such spices. Another factor that is relied upon to support the market development in rising economies, is the rising notoriety of Western foods. Changing purchaser food propensities and an expanding number of committed cafés for Thai, French, and Italian food are a couple of more factors energizing the interest for spices and seasonings on a worldwide level. Developing fame of natural spices and seasonings is relied upon to keep drifting before the finish of 2020, boosting the incomes of the worldwide market. The natural fragment is right now at the beginning stage and will offer rewarding development openings. Certain spices and herbs even find significant applications in the clinical treatment field. This additionally is a promising element that can possibly impel the interest.

The debasement of spices is the main consideration controlling the development of the market. Contaminated is frequently the deliberate expansion of an unapproved or debased ingredient or thing to expand the spice's worth or to make it less expensive to create. It is one of the significant worries for the spice business. There have been various reviews of dried spices because of substance sullying. These incorporate the nearness of unapproved hues and overwhelming metals. Examples of better than expected degrees of metals, for example, cadmium and pesticide deposits were found in numerous species which were reviewed. The expanding frequencies of spice defilement have become a significant limitation for the market.

MARKET RESTRAINTS

The expanding frequencies of spice defilement have become a significant limitation for the Spices and Seasonings Market. The adjustments in the food propensities and buyers searching for new mouthfeels, particularly a tendency towards Asian cuisine, which remembers more spices for the eating regimen have likewise filled the market. The debasement of spices and seasonings is a significant factor that is blocking the development of the Spices and Seasonings Industry.

MARKET OPPORTUNITIES

Innovation in the production of flavours provides potential opportunities for the expansion of the spices and seasonings market.

A major shift in flavour innovation is the application of bioengineered enzymes to make it a sustainable natural one.

• For instance, in May 2024, researchers at Tokyo University created a genetically engineered enzyme which is capable of effectively transforming ferulic acid derived from plants into vanillin, the key component of vanilla flavouring. 

This procedure is environment-friendly, delivering vanillin at greater yields without extra catalysts. Such developments facilitate expandable solutions to attain the high demand for organic vanilla and lower dependence on conventional vanilla cultivation, which is generally restricted by weather and limited crop production.

Another factor offering opportunities for the market players is the increasing demand for sustainable in Europe, ethically obtained products offering an opening for cultivators who can adhere to these standards. Customers growing more conscious of the absence of social responsibility within the spices and herbs supply chain, leading to demands for improved conditions for producers. This has resulted in various initiatives across Europe, comprising the rise of certifications and standards, private sector efforts, and new regulations.

MARKET CHALLENGES

The new trends and opportunities also pose challenges for the spices and seasonings market.

•  For instance, in the European herbs and spices sector, enhancements in social sustainability are necessary. Various items imported into the region are produced by producers with extremely low incomes.

These cultivators may utilise higher concentrations of chemicals to surge their production or turn to more profitable crops. This has caused a worldwide decline in the supply of safe and superior-quality herbs and spices. Apart from social responsibility, there are increasing requests for enhanced environmental practices.

The high financial requirements and administration pressure for monitoring the supply chain, applying standards and getting certificates may eliminate smaller bodies or establishments from attractive markets such as Europe. Also, small-scale cultivators may find it tough to get used to improved practices of agriculture and the workplace without assistance, putting the onus on exporters and processors to facilitate required transformations.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Spices and Seasonings Market By Type

The pepper segment is broadly recognised as the leading category in terms of consumption and sales in the spices and seasonings market. It is expected to witness several developments during the forecast period. This growth can be attributed to its widespread use. The shift towards high-end cooking and heightened fascination for international cuisines generally results in greater pepper consumption, since it is a major ingredient in several traditional or classic recipes. Furthermore, in 2024, a surge in the popularity of sauces and speciality peppers created from the unique varieties.

• As per a report from Tastewise, about 35.72 per cent of restaurants provide Chili Peppers on their food menus. This highlights the widespread appeal of chilli peppers within the food industry and among customers.

There are four key sections, namely salt and salt substitutes, pepper, herbs, and spices. The salt and salt substitutes fragment recorded the most elevated income share in 2023 and is relied upon to enlist consistent development by 2032, at a CAGR of 4.3%. The salt and salt substitutes fragment are foreseen to arrive at a shipment of 369.2 million kg before the finish of 2032.

Global Spices and Seasonings Market By Application

The meat & poultry segment is anticipated to be the most prevalent application in the spices and seasonings market. The strong connection with red meat persists, however, grill enthusiasts today are embracing the concept of roasting or broiling for lunch or brunch and breakfast, which have seen increases of 7 per cent and 12 per cent, respectively.

REGIONAL ANALYSIS

Geologically, the global spices and seasonings market is sectioned into four key local markets.

Europe is the biggest market followed by North America. The spices and seasonings market size and reliance on foreign suppliers’ position Europe as a tempting target for providers from emerging nations. The regional economies that present the maximum opportunities in total are France, Poland, the United Kingdom, Spain, Germany, and the Netherlands. Moreover, it is a mature and heterogeneous market for herbs and spices, a home base for five out of the ten biggest importing nations across the world. The all in all demand in the region is relatively steady, and volumes are huge. Apart from this, European market players import significantly greater amounts of these items than those in the United States.

• According to the Ministry of Foreign Affairs of the European Union, Europe on an average import around 450 thousand tons of herbs and spices from emerging nations each year. This accounts for 20 to 30 per cent of the world's average yearly quantities of these coming from developing nations.

The Asia-Pacific area is anticipated to be the quickest-developing business sector for the spices and seasonings market, from 2024 to 2032. The interest in these products is foreseen to increment in the APAC area inferable from elements, for example, rising extra cash, quickly developing cheap food industry, and urbanization in nations, for instance, China, India, and Japan. Among the different kinds of spices and seasonings considered in this examination, pepper represented the biggest portion of the global Spices and Seasonings Market. While Europe has been speaking to the biggest market for spices and seasonings throughout the years, Asia Pacific has additionally formed into a key market in the ongoing past. A couple of nations in Asia, including India, are among the top makers of an assortment of spices and seasonings, and the market in the Asia Pacific is foreseen to flourish during the timeline of 2024 to 2032.  The most looked-for-after items are seen to be jalapeno, pepperoncini, and poblano peppers. Therefore, the Asia Pacific Spices and Seasonings Market has additionally formed into a key market in the ongoing past.

• As per the July 2023 report by the UN Comtrade, Asia holds a substantial share of the global market, i.e. 47 per cent of the world’s total spices and herbs imports by volume in 2021. Followed by Europe with 21 per cent, and then by America and others with 18 per cent and 13 per cent, respectively.

North America leads the spices and seasonings market and is likely to remain stable during the estimation period. The regional market is commanded by the United States and will most probably maintain its dominance in this trade.

• According to the Observatory of Economic Complexity, the United States in 2022 exported spices of 67.2 million dollars. This positions it as the 14th biggest spices exporter in the world. Also, the major end destinations of American spices were Canada (17.6 million dollars), Saudi Arabia (13.1 million dollars), the Dominican Republic (2.23 million dollars), Japan (2.17 million dollars), and Mexico (2.22 million dollars).

The market in the country has also flourished due to some of the unique and quintessential American ingredients which are normally extremely hard to find outside the country. For instance, Cajun seasoning, an astonishing hodge-podge, is used for making simple jambalaya with spicy sausage, ham, shrimp, okra, tomatoes, and rice.

Latin America holds a unique position in the spices and seasonings market and is expected to have significant demand for classic and specific ingredients during the forecast period. Pink pepper, chillies or cayenne peppers, and peppers are the three traditional spices from South America that are utilised globally. Furthermore, the United States of America by far is the largest trading partner of Latin America, with its exports exceeding their imports.

• According to tradeimex, the category of coffee, tea and spices had a trade balance of 14.94 billion dollars and is among the top 10 traded goods of the Latin America in 2023, based on trade balance.

The Middle East and Africa spices and seasonings market is experiencing an increase in their demand in the world and is projected to expand at a steady rate throughout the forecast period. The most frequently used spices and herbs in Middle Eastern cuisine are cinnamon, allspice, anise seeds, caraway, Baharat, Sumac, cardamom, nutmeg, and cumin. These input elements are important in making the aromatic and different flavours identified in Middle Eastern cooking. These are primary drivers of the region’s market share. Besides this, the ability of spices from this region is that they can be utilised in both savoury and sweet dishes, delivering an innovative deepness of flavour to their cooking. Also, they are flexible for adding final touches, seasoning, and marinating the cuisine.

KEY PLAYERS IN THE GLOBAL SPICES AND SEASONINGS MARKET

The Kraft Heinz Company, Kerry Group, B&G Foods, Sensient Natural Ingredients, McCormick & Company, Associated British Foods, Olam International Limited, Ajinomoto Co., Inc, Dohler Group, Everest are some of the notable companies in the global Spices and Seasonings market.

RECENT HAPPENINGS IN THE MARKET

• In August 2024, JM Financial Private Equity reported that it has committed an investment of 40 crore rupees to Asquare Foods and Beverages, which is the parent company of the Zoff, D2C spice brand, strives to improve the brand presence of Zoff and extend its market reach.
• In September 2015, Ajinomoto Co., Inc. (Japan) fortified its frozen foods business in North America by expanding its production limit. This helped the association to satisfy the expanding buyer need for packaged frozen items.
• In December 2014, McCormick and Company, Inc. (U.S.) propelled 25 new spice items for satisfying the expanding need for winter suppers. The product offering incorporates sauces, gluten-free formula blends, and spice mixes.
• In August 2012, Associated British Food Ingredients (U.K.) extended PGP International's business by building another plant in Indiana, U.S. The new office was planned for growing the organization's creation limit and capacity for strength food ingredients and added substances.

DETAILED SEGMENTATION OF THE GLOBAL SPICES AND SEASONINGS MARKET INCLUDED IN THIS REPORT

This research report on the global Spices and Seasonings market has been segmented and sub-segmented based on type, application, and region.

By Type

• Pepper    
• Capsicum
• Ginger      
• Cinnamon
• Cumin      
• Turmeric 
• Nutmeg & Mace  
• Cardamom             
• Coriander             
• Cloves, and Others   

By Application

• Meat & Poultry
• Snacks & Convenience Food
• Soups
• Sauces and Dressings
• Bakery & Confectionery
• Frozen Products

By Region

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