The Business Research Company’s report on the Spices and Seasonings Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the spices and seasonings market?
The growing hospitality industry is expected to propel the spice and seasonings market. Rapid growth in net disposable income, new travel trends, and better work-life balance are contributing to the growth of the hospitality industry across the globe. The rapid growth in the hospitality industry is expected to boost demand for spice and seasonings, as it is widely used in food preparations in the majority of cuisines across the globe. According to the report published by India Brand Equity Foundation (IBEF), in May 2022, the domestic, international, and outbound hotel business in India was valued at $32 billion in FY20 and is anticipated to grow to $52 billion by FY27 as a result of rising traveller demand and persistent market expansion attempts by travel agencies. Therefore, the growing hospitality industry is expected to boost the spices and seasonings market during the forecast period.
Access Your Free Sample of the Global Spices and Seasonings Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=6899&type=smp
How has the spices and seasonings market size evolved, and what are the latest forecasts for its expansion?
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 ofThe 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.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=6899&type=smp
Which major companies dominate the spices and seasonings market?
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, Döhler 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
What trends will shape the future of the speed sensor market?
Major companies operating in the spices and seasonings market are focused on introducing blended spices to cater to the growing consumer demand for convenience, enhanced flavor profiles, and unique culinary experiences. Blended spices refer to a combination of various ground spices, herbs, and seasonings that are mixed to create a unique flavor profile. All products are made from high-quality, all-natural ingredients, ensuring no artificial colors, flavors, or preservatives are used. This aligns with consumer demand for healthier food options. For instance, in September 2024, M K Agrotech Pvt Ltd (sunpure) an Indian-based manufacturing company, launched Sunpure Sambar Powder, Sunpure Rasam Powder, and Sunpure Puliyogare Powder, blended spices. Each spice is sourced from its specific geographical origin to guarantee freshness and authenticity. As an ISO 22000:2018 certified company, Sunpure implements stringent quality checks to ensure that all products meet high hygiene and safety standards.
Which region dominates the spices and seasonings market, and what factors contribute to its leadership?
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 report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/spices-and-seasonings-global-market-report
How is the spices and seasonings market segmented, and which segment holds the largest share?
The spices and seasonings market covered in this report is segmented –
1) By Type: Pepper, Capsicum, Ginger, Cinnamon, Cumin, Turmeric, Nutmeg & Mace, Cardamom, Coriander, Cloves, Other Types
2) By Nature: Organic, Conventional
3) By Application: Meat & Poultry Products, Snacks & Convenience Food, Soups, Sauces, And Dressings, Bakery & Confectionery, Frozen Products, Beverages, Other Applications
Subsegments:
1) By Pepper: Black Pepper, White Pepper, Green Pepper, Red Pepper
2) By Capsicum: Bell Peppers, Chili Peppers, Paprika
3) By Ginger: Fresh Ginger, Dried Ginger, Ground Ginger
4) By Cinnamon: Ceylon Cinnamon, Cassia Cinnamon, Ground Cinnamon
5) By Cumin: Whole Cumin Seeds, Ground Cumin
6) By Turmeric: Fresh Turmeric, Dried Turmeric, Ground Turmeric
7) By Nutmeg & Mace: Whole Nutmeg, Ground Nutmeg, Mace
8) By Cardamom: Green Cardamom, Black Cardamom, Ground Cardamom
9) By Coriander: Whole Coriander Seeds, Ground Coriander
10) By Other Types: Whole Cloves, Ground Cloves, Bay Leaves, Mustard Seeds, Fennel Seeds, Saffron, Other Specialty Spices
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6899
How is the spices and seasonings market defined?
Spices and seasonings refer to aromatic substances derived from root, bark, seed, leaves, or fruit of the plant, and blends of salts, sugars, and spices designed to enhance the flavor the food. The importance of spices and seasonings is determined by the use and nature of the dish.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
