The global spice and seasonings market size was estimated to be US$ 15 billion in 2020 and is expected to reach US$ 29 billion by 2031 at a CAGR of 6.2%.
Spicing up food items alludes to adding spices to intensify the originally present flavor of the food item. Whereas seasoning alludes to adding spices and flavors to the food item to add extra taste to the food item being served. Rising demand for processed handy spice blends is observed since past few years. It has come out as a helpful option in the food-administration industry, postulated to open new roads for the market during the coming years.
Japan-based food and ingredients organization, Ajinomoto Co., Inc. gained practically 50% of the US-based More Than Gourmet Holdings, an apparent liquid seasonings' organization, In August 2019. The second company is a main maker of French sauces and stocks. This procurement is assessed to extend the scope of the incorporated food arrangements business of Ajinomoto in the North America market.
As articulated by, (FAO)Food and Agriculture Organization of the United Nations, change in the dietary tendencies of individuals worldwide, especially in the developing countries of the world, is the consequence of ascend in the pay, urbanization, and fast financial turn of events post, corona virus outbreak since 2020.
The significant end use areas of different spice blends include large scale manufacturing units of processed ready to eat suppers, sauces, soups, snacks, including frozen items of discrete kinds. An enormous number of spices have cancer and tumor prevention traits and are additionally helpful in treating a few sicknesses and medical issues. For example, turmeric is a rich wellspring of cell reinforcement assisting antibodies and helps in forestalling ailments, like Alzheimer's, joint irritation, and malignant growths of all kinds.
Demand for seasonings and spices in Europe is molded by the developing tendency toward Asian food preferences, in virtue of the presence of a sizeable populace of Asian identity in all parts of the world. Consumer base in the area, particularly in Southeast and South Asian nations, utilize the items widely in their day-by-day cooking styles. Maximum usage of seasoning and spices is to a great extent credited to Asian practices, which have been relayed from one generation to another for utilization of the kind of food just as for their therapeutic properties.
Numerous European food processors are these days using natural spices to endorse their items and have an upper hand in the marketplace. Combined with this, the rising attentiveness regarding the revitalizing properties of spices is being promoted worldwide since 2020 corona virus outbreak, which as a result is expected to help the development of the market during 2022-2032. Plus, Europe is encountering an appeal for natural spices and foodstuffs, as these are made of organic components and are sans pesticide. However, individuals regularly buy spices in bulk from neighborhood stores, attributable to the inaccessibility of pronounced items in packaged form.
This bulk purchase prompts the rising openness to adulterated spices that can cause medical problems, for example, food poisoning because of hazardous chemical consumption. This factor is postulated to discourage the development of the market during the forecast period of 2022-2032.
Global Spice and Seasonings Market Value Share Analysis, by Geography (2022)
The report titled “Global Spice and Seasonings Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Global Spice and Seasonings Market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global SPICE AND SEASONINGS market is segmented based on Product type, application, and region. Based on Product type, the Spice and Seasonings market is segmented into Herbs (Rosemary, Fennel, Garlic, Mint, Parsley, Oregano, Others.), Salt & Salts Substitutes, Spices(Pepper, Ginger, Cinnamon, Cumin, Turmeric, Cardamom, Coriander, Cloves, Others.) Based on Application, the Spice and Seasonings market is segmented into Bakery & Confectionery Products, Meat & Poultry Products, Frozen Food, Soups, Sauces, & Dressings, Beverages, Others.
Based on geography, the Global Spice and Seasonings Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada, and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Global Spice and Seasonings Market. Further, market share of prominent companies in the Global Spice and Seasonings Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Spice and Seasonings companies. The Global Spice and Seasonings Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the Spice and Seasonings business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Global Spice and Seasonings Market.
The key players of the Global Spice and Seasonings Market are Ajinomoto Co. Inc., Associated British Foods plc, Kerry Group, ARIAKE JAPAN CO, LTD., McCormick & Company, Inc., DS Group Everest Spices, Baria Pepper, Dohler Group, Bart Ingredients, and others.
Global Spice and Seasonings Market Key Segments:
Based on Product Type
Based on Application
The global Spice and Seasonings market was worth US$ 15 billion in 2020.
The global market for Spice and Seasonings will most likely expand at over 6.2% CAGR through 2032.
Major players operating in the global Spice and Seasonings market include Ajinomoto Co. Inc., Associated British Foods plc, Kerry Group, ARIAKE JAPAN CO, LTD., McCormick & Company, Inc., DS Group Everest Spices, Baria Pepper, Dohler Group, Bart Ingredients.
The major applications of Spice and Seasonings include Bakery & Confectionery Products, Meat & Poultry Products, Frozen Food, Soups, Sauces, Dressings and Beverages.
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