Spices & Seasonings

Spices & Seasonings Market by Product (Herbs, Salt & Salt Substitutes, Spices), Application (Bakery & Confectionery, Beverages, Frozen Foods), Distribution Channel - Global Forecast 2024-2030

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[180 Pages Report] The Spices & Seasonings Market size was estimated at USD 29.43 billion in 2023 and expected to reach USD 31.27 billion in 2024, at a CAGR 6.42% to reach USD 45.52 billion by 2030.

Spices & Seasonings Market
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Spices & seasonings comprise the manufacturing, distribution, and consumption of various natural or synthetic flavor-enhancing agents used to augment the taste and aroma of food products. These agents are primarily derived from plant sources such as seeds, leaves, fruits, roots, or barks and include spices like pepper, turmeric, and cinnamon and seasonings such as herbs, salts, and sugar-based blends. Increasing globalization resulting in greater exposure to international cuisines, rising income levels leading to higher demand for convenience foods, and a growing focus on health-conscious living contributed to the market growth. Additionally, increased price volatility due to fluctuating raw material costs, supply chain disruptions, and stringent food safety/regulatory standards necessitating compliance may hamper market demand. Government initiatives supporting sustainable agriculture/local farming/trade promotion and product innovations catering to emerging consumer trends are expected to present a lucrative market opportunity in the forecast period.

Spices & Seasonings Market - Global Forecast 2024-2030
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Product: Extensive adoption of spices and seasoning products among consumers due to their associated health benefits

Herbs are commonly used for their aromatic properties, adding flavor, freshness, and depth to dishes without contributing significant amounts of sodium or calories. They are particularly popular among health-conscious consumers seeking natural alternatives to artificial flavor enhancers. Salt is an essential ingredient in various cuisines worldwide due to its ability to enhance the overall taste of food while acting as a natural preservative. This has led to a growing demand for salt substitutes that offer similar flavor-enhancing properties, eliminating the adverse health effects of traditional table salt. Spices deliver a wide range of health benefits, including anti-inflammatory and antioxidant properties, making them highly sought after by consumers focused on wellness and nutrition.

Distribution Channel: Emergence of an online distribution channel owing to its accessibility and convenience aspects

Distribution channels are essential for providing customers with access to a diverse range of spice & seasoning products. Offline distribution comprises traditional brick-and-mortar stores such as supermarkets, hypermarkets, specialty stores, and convenience stores. These outlets appeal to customers who value tactile experiences when selecting spices & seasonings. Offline stores offer immediate product availability and personalized customer service. However, they may have limited stock or variety due to space constraints. Online distribution channels have gained significant traction recently due to their accessibility and convenience. Online distribution provides wider product availability and variety, a quick and convenient shopping experience, and easy product comparison and price-checking. Offline distribution channels remain essential as they provide immediate product availability and tactile experiences. However, the online channel is rapidly gaining ground due to broader product variety, ease of use, and competitive pricing.

Application: Accelerating the use of spices & seasonings in food & beverage production facilities worldwide

Spices & seasonings play a crucial role in various industries, such as bakery & confectionery, beverages, frozen foods, meat and seafood, salads and dressings, savory snacks, and soups and sauces. In the bakery & confectionery sector, spices are essential for enhancing the flavor of baked goods, teas, coffees, cocktails, and soft drinks. Consumers are increasingly drawn to natural flavorings such as cinnamon, nutmeg, cardamom, and ginger due to their perceived health benefits. Moreover, spices improve taste profiles, prolong the shelf life of food, and add convenience to frozen food products, such as ready meals. In salads & dressings, spices enhance the taste and serve as healthier alternatives to artificial additives. Specialty spices such as garlic or pepper make savory snacks more delicious, boosting sales and differentiating brands. Furthermore, the demand for low-sodium soup options is rising among health-conscious consumers, leading to the exploration of unique spice solutions for salt replacement.

Regional Insights

The Americas represents a lucrative landscape in the spices & seasonings market owing to the rise in consumption driven by increasing multiculturalism, evolving consumer palates, and a growing interest in ethnic cuisines. Additionally, the demand for organic spices & seasonings has surged due to health-conscious consumers seeking natural alternatives to artificial ingredients. The European region represents a significant spices & seasonings market due to increased travel experiences, exposure to global culinary trends, and immigration, contributing to a diversified taste among European consumers. Furthermore, due to heightened environmental awareness, there is a growing preference for sustainably sourced spices in the EU region. The APAC region has a developed landscape in the spices & seasonings market due to extensive gastronomic culture boasting diverse regional flavors, driving strong local demand for spices. The affinity toward umami-rich foods, the rich culture of spices, and the presence of the largest producers of spices have contributed to the market growth in this region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Spices & Seasonings Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Spices & Seasonings Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • B&G Foods and Sazerac Partner To Launch New Seasoning Blends

    B&G Foods and Sazerac joined forces to introduce three Weber seasonings, drawing inspiration from Sazerac's renowned spirits. This collaboration aims to offer loyal customers an innovative way to savor their preferred flavors in the form of seasonings. [Published On: 2023-08-18]

  • Kraft Heinz Seasonings Brand Launches in the U.S.

    Kraft Heinz expanded its European brand, Just Spices, to the U.S. market in order to drive growth for its Taste Elevation business. The brand distributes 70% of its ready-made one-step spice blends directly to consumers, while the remaining 30% is sold through major grocery retailers both in-store and online. Just Spices leverages machine-learning product innovation and advanced analytics to identify consumer trends and flavor preferences by region. [Published On: 2023-04-27]

  • McCormick and Tabitha Brown Expand Partnership to Launch Five New Salt Free Vegan Seasoning Products

    Tabitha Brown and McCormick joined forces to introduce five new salt-free, vegan seasoning products in the spices & seasonings category. This collaboration brings forth two exceptional seasoning blends and three recipe mixes, set to be released during the upcoming spring and summer seasons. The product lineup includes the Like Sweet Like Smoky All Purpose Seasoning, Very Good Garlic All Purpose Seasoning, Taco Business Seasoning Mix, Burger Business Seasoning Mix, and Sauté Business Seasoning Mix. [Published On: 2023-04-18]

Key Company Profiles

The report delves into recent significant developments in the Spices & Seasonings Market, highlighting leading vendors and their innovative profiles. These include Ajinomoto Co., Inc., All-Season Herbs Pvt. Ltd., Archer-Daniels-Midland Company, Arjuna Natural Pvt. Ltd., B&G Foods, Inc., Badia Spices, Inc., Baron Spices & Seasonings, BM Ingredients Europe GmbH, Cargill, Incorporated, Corbion N.V., DS Group, Döhler GmbH, EVEREST Food Products Pvt. Ltd., Frontier Co-op., Givaudan SA, Glanbia PLC, Goya Foods, Inc., House Foods Group Inc., Industrias Tajín, SA de CV, International Flavors & Fragrances Inc., Kalsec Inc., Kerry Group PLC, Kikkoman Corporation, Lionel Hitchen Limited, McCormick & Company, Incorporated, Olam Group Limited, Prymat sp. z o. o., Royal DSM, Sensient Technologies Corporation, SHS Group, Takasago International Corporation, The Kraft Heinz Company, Universal Oleoresins, V & D Flavours & Fragrances, and Watkins Incorporated.

Market Segmentation & Coverage

This research report categorizes the Spices & Seasonings Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Product
    • Herbs
      • Basil
      • Fennel
      • Garlic
      • Mint
      • Oregano
      • Parsley
      • Rosemary
      • Thyme
    • Salt & Salt Substitutes
    • Spices
      • Cardamom
      • Cinnamon
      • Cloves
      • Coriander
      • Cumin
      • Ginger
      • Nutmeg
      • Pepper
      • Turmeric
  • Application
    • Bakery & Confectionery
    • Beverages
    • Frozen Foods
    • Meat & Seafood
    • Salads & Dressings
    • Savory Snacks
    • Soups & Sauces
  • Distribution Channel
    • Offline
      • Convenience Stores
      • Supermarkets & Hypermarkets
    • Online

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Spices & Seasonings Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Spices & Seasonings Market?
  3. What are the technology trends and regulatory frameworks in the Spices & Seasonings Market?
  4. What is the market share of the leading vendors in the Spices & Seasonings Market?
  5. Which modes and strategic moves are suitable for entering the Spices & Seasonings Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Spices & Seasonings Market, by Product
  7. Spices & Seasonings Market, by Application
  8. Spices & Seasonings Market, by Distribution Channel
  9. Americas Spices & Seasonings Market
  10. Asia-Pacific Spices & Seasonings Market
  11. Europe, Middle East & Africa Spices & Seasonings Market
  12. Competitive Landscape
  13. Competitive Portfolio
  14. List of Figures [Total: 22]
  15. List of Tables [Total: 582]
  16. List of Companies Mentioned [Total: 35]
Exploring the World of Spices & Seasonings
October 27, 2023
Exploring the World of Spices & Seasonings
Spices and seasonings are an essential part of our daily lives. The aroma of fresh herbs or the tangy flavor of exotic spices enhances the culinary experiences and elevates our meals to new heights. The global demand for spices and seasonings is rising, driven by the processed food and beverage industry's high adoption of these ingredients. This blog post explores the world of spices and seasonings, their benefits, and their diverse applications.

Spices and seasonings are known for their flavoring and coloring abilities, but they also provide several health benefits. For example, turmeric, commonly used in Indian cuisine, is known for its anti-inflammatory properties, while cinnamon helps regulate blood sugar levels. Additionally, ginger aids digestion, and garlic is known for its antibacterial properties. With the rise of health-conscious consumers, the use of spices and seasonings for flavor and health benefits to food has exponentially grown.

The food industry is the primary driver behind the massive demand for spices and seasonings. These ingredients add unique flavors to dishes and can make food products healthier. For instance, dried herbs like oregano and basil are high in antioxidants and can be used in processed foods like snacks, dips, and dressings. Similarly, seasonings like cumin, paprika, and chili powder are typically used in meat and poultry products like sausages and burgers for their unique flavor and color.

Spices and seasonings have varied uses across different cuisines around the world. In Indian cuisine, the "masala" mix is a blend of ground spices that adds warmth, depth, and flavor to dishes. Similarly, the Middle Eastern spice mix "za'atar" is made with sesame seeds, dried herbs, and sumac and is often sprinkled over flatbreads or used to flavor meats. The versatility of spices and seasonings adds depth and richness to dishes not achievable by other ingredients.

The need for organic and natural ingredients continues to grow globally, and spices and seasonings are no exception. Consumers are more conscious of what they are consuming, hence the shift towards organic, preservative-free, and natural options. In response, many companies are offering organic versions of commonly used spices and seasonings. Such products are becoming more accessible, and as a result, consumers can enjoy the benefits of these ingredients while keeping their diets healthy.

The world of spices and seasonings is vast and diverse, offering unique flavors and health benefits to dishes of all kinds. With their varied applications across different cuisines, these ingredients have become essential to the food industry. Moreover, the rising need for organic and natural spices and seasonings reflects a growing concern among customers about what they consume. In conclusion, whether it's adding flavor to traditional dishes or experimenting with something new, spices and seasonings offer a world of possibilities to explore.

Frequently Asked Questions
  1. How big is the Spices & Seasonings Market?
    Ans. The Global Spices & Seasonings Market size was estimated at USD 29.43 billion in 2023 and expected to reach USD 31.27 billion in 2024.
  2. What is the Spices & Seasonings Market growth?
    Ans. The Global Spices & Seasonings Market to grow USD 45.52 billion by 2030, at a CAGR of 6.42%
  3. When do I get the report?
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