Share
Seasonings And Spices Market: Segmented: By Product (Spices, Herbs, Salt & Salt Substitutes), By Form (Whole, Crushed, Powder), By Distribution Channel (Foodservice, Retail), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
[170+ Pages Research Report] Seasonings And Spices Market to surpass USD 43.5 billion by 2032 from USD 24.81 billion in 2021 at a CAGR of 5.3% in the coming years, i.e., 2022-32.
Spices and seasonings help create delicious flavors, and knowing about each one uniquely, helps in adding the right flavor to the food prepared. Spices are natural ingredients from plants that are added to meals to enhance flavor and increase shelf life. Usually from the seeds, fruits, or plant stem. The essential oils that spices contain give them exciting flavors. These oils are released during numerous preparation steps, such as grinding, grating, pounding, and cooking. Spices like cinnamon, pepper, nutmeg, and ginger are some examples. Seasonings are ingredients like salt, sugar, vinegar, and herbs that are added to food to enhance flavor. The efficient application of seasonings in today's kitchen environment is an important aspect of food preparation.
The Seasonings and Spices Market is expected to project a notable CAGR of 5.3% in 2032.
The primary driver fueling the growth of Seasonings and Spices Market is the increased awareness of the therapeutic properties of spices and herbs, together with the increasing number of individuals who cook at home. The industry is also expanding due to consumers' willingness to pay a premium for new and ethnic flavors as well as local cuisines' increasing international prominence due to their distinct flavors.
The Spices segment is expected to grow with a higher CAGR during 2022-32
Seasonings And Spices Market is categorized on the basis of Product into Spices, Herbs, and Salt & Salt Substitutes. In terms of market share, the spices industry led the world in 2021 and is predicted to continue leading over the forecast period. Due to increased exposure to different flavors from around the world and increased knowledge of the nutritional advantages of spices, their demand has increased on the global market.
The Retail segment is expected to grow with a higher CAGR during 2022-32
Seasonings And Spices Market is categorized on the basis of Distribution Channel into Foodservice and Retail. The foodservice channel segment registered for a significant global market share in 2021. During the forecast period of 2022 to 2030, the retail channel is anticipated to grow more swiftly. After COVID-19, it is anticipated that retail sales will continue to grow strongly as demand is sustained by trends. As long as people who were used to cooking during the pandemic continue to prepare meals at home, spice consumption will remain high.
Rising Demand for Processed Meat and Convenience Foods
The rise in demand for convenience foods and processed meats, the growing requirement for clean labelling, and the preference for all-natural flavors and ingredients are the main factors affecting the Seasonings And Spices Market. Veganism and vegetarianism are parts of a rapidly growing global trend. The demand for spices is increasing due to this trend. Food goods that are natural, healthy, and safe are in greater demand as consumers start to place more importance on foods that go beyond mere flavor.
The Growing Retail Outlets in the Urban Areas and Changing Consumer Lifestyles
Traditional cuisine is greatly being incorporated in people's regular diets. The growth of urban retail establishments like supermarkets and hypermarkets would probably increase the availability of spices, which will increase the demand for seasoning and spices. Urbanization has caused changes in consumer lives. The amount of time spent cooking has reduced as a result of more career possibilities, more disposable income, and an increase in the number of working women.
Ill-Effects of Excessive Consumption of Spices on the Health
Excessive spice use is found to be harmful to health. The human digestive system is likely to experience adverse effects of spicy food that occurs frequently. When stomach acid flows back up into the oesophagus, it causes heartburn or acid reflux, leading to a burning feeling in the chest area. Spicy foods containing capsaicin can cause this acidity, which also slows down digestion and raises the possibility of heartburn.
Recent Developments
Seasonings And Spices Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. In 2021, Asia Pacific was the region that contributed majorly to the market. The growing disposable income, the creation of various native brands of spices and herbs, and the expansion of marketing and promotional efforts are all factors contributing to the region's expanding seasoning consumption.
In addition to affecting farming operations, the global standstill has had a significant influence on the supply of spices and flavors. The COVID-19 effect on logistics also contributes to rising raw material costs, which raises the cost for producers of medicinal spices and seasonings due to restrictions on the cross-border transfer of goods. Under this pandemic condition, factories rely heavily on local sources of raw materials, which gives suppliers more negotiating power.
Seasonings And Spices Market is further segmented by region into:
Seasonings And Spices Market Segments:
| Report Attribute | Details |
| Market Size Value in 2021 | USD 24.81 billion |
| Revenue Forecast in 2032 | USD 43.5 billion |
| Growth Rate | CAGR of 5.3% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Quantitative Units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments Covered | Product, Form, Distribution Channel, and Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Key Companies Profiled | Associated British Foods, Olam International, Ajinomoto, Kerry Group, The Kraft Heinz Company, Ariake Japan Group, Sensient Technologies Corporation, Worlée Gruppe, SHS Group, McCormick, Baria Group, Doehler Group, DS Group, Everest Spices, The Bart Ingredients Company, and Other Prominent Players. |
The Seasonings And Spices Market size was estimated at USD 24.81 billion in 2021 and is expected to reach USD 43.5 billion in 2032.
Spices and seasonings help create delicious flavors, and knowing about each one uniquely, helps in adding the right flavor to the food prepared. Spices are natural ingredients from plants that are added to the meals to enhance flavor and increase shelf life.
The Spices and Retail segments accounted for the larger share of the Seasonings And Spices Market.
Key players in the Seasonings And Spices Market are Associated British Foods, Olam International, Ajinomoto, Kerry Group, The Kraft Heinz Company, Ariake Japan Group, Sensient Technologies Corporation, Worlée Gruppe, SHS Group, McCormick, Baria Group, Doehler Group, DS Group, Everest Spices, The Bart Ingredients Company, and Other Prominent Players.
The primary driver fueling the growth of Seasonings And Spices Market is the increased awareness of the therapeutic properties of spices and herbs, together with the increasing number of individuals who cook at home.
Select License Type
Select License Type
FATPOS CLIENT Appriciation DURING THE PROJECT
Working with Fatpos Global, allowed us to take advantage of their knowledge and easy approach, allowing us to collect important data utilizing a variety of techniques. The results were clearly presented and explained, and FG responded to our questions with speed and expertise.
|
Swiss-based global building materials manufacturer |
The analyses and presentations Fatpos Global have produced for us have been of a very high caliber and have allowed us to proactively improve our customer relationship management. They have also done so while maintaining complete anonymity. Without any doubt, we suggest Fatpos Global to you.
|
|
Tech-powered construction company |
We appreciate the team’s punctuality, flexibility in terms of report modification, post report purchase support and pleasant reaction all around. Overall, my experience with this company was nothing but positive, and I couldn't be more grateful for their excellent service. Thank you for all that you do!
|
|
American global management consulting firm |
We are able to concentrate on the topics and implications that are most important to our clients thanks to the adaptability and responsiveness of the team at Fatpos Global. We would highly recommend this company to anyone in need of their services, and I will certainly be using them again in the future.
|
|
Headquartered in Zug, Switzerland, leading supplier of medical and surgical instrument |
To better study our client demographics, develop the ideal product-price architecture, and enhance our target marketing initiatives, we hired Fatpos Global. Every component of the project was completed, and we are very happy with the useful insights and actionable results.
|
|
Kosovan company, A leading organic fertilizers producer |
Thank you for your team's generous assistance, The final report was delivered to me, and I find it to be really helpful. Also, you may be sure that I will get in touch with you if I ever require fresh materials for market research. Gratitude once more.
|
|
German specialty chemicals company based in Cologne, Germany |
