Market Snapshot:
Seasonings comprise various herbs and spices that are themselves quite often referred to as "seasonings". Increasing buyers’ willingness to pay a premium for new flavors and ethnic tastes has been creating demand for ethnic products, in turn, fueling the growth of the market. Furthermore, rising demand for ready-to-use spice mixes as convenient options in the food-service industry is expected to open new avenues for the market.
Highlights from Seasoning and Spices Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.2% |
The key Vendors profiled in the report are McCormick & Company (United States), Associated British Foods (United Kingdom), Kerry Group Plc. (Ireland), Olam International Limited (Singapore), Ajinomoto Co., Inc. (Japan), Ariake Japan Company (Japan), SHS Group (United Kingdom), Dohler Group (Germany), Worlee Gruppe (Germany) and Sensient Technologies (United States).
Geographic Breakdown and Segment Analysis
The Global Seasoning and Spices market presents a comprehensive analysis of the Seasoning and Spices market by product type (Herbs (Rosemary, Fennel, Garlic, Mint, and Others), Salt & Salts Substitutes and Spices (Pepper, Ginger, Cinnamon, Cumin, and Others)), by end-user/application (Bakery and Confectionery, Soup, Meat and Seafood, Sauce, Salad, and Dressing, Savory Snack and Other Applications), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Seasoning and Spices industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Seasoning and Spices market
Analyst at AMA have segmented the market study of Global Seasoning and Spices market by Type, Application and Region.
Influencing Trend:
Clean Label: A Clear Trend Across Global Food Market
Market Growth Drivers:
Growing Demand For Convenience Food and Increased Use Of Spices And Seasonings As Natural Preservative In Meat & Poultry Products
Challenges:
Spices And Seasonings Are Prone To Microbial Contaminations
Restraints:
Adulteration Of Spices
Opportunities:
Increasing In Demand For Health And Wellness Products
Market Developments Activities:
In January 2023, International Spice Conference 2023 (ISC 2023) was held on January 19-22nd, 2023, in ITC Grand Chola, Chennai. The conference was attended by 850 participants and visitors from 50 countries including 60 exhibitors and 50 speakers. The theme for the 4-day conference, which began on a Thursday, was ‘Reboot N’ Rebound’ – Beyond the new normal.
In May 2023, Vasant Awadhi Garam Masala is launched from the house of Vasant Masala for food connoisseurs who love an exclusive aroma and unique taste in their food. The newly launched, innovative blended spice marks a new feather in the cap that promises to open a fresh and new market segment for the brand, Vasant Masala.
The global spices and seasonings market is highly fragmented and competitive with the presence of various players. The companies are making themselves more competitive by strengthening their distribution systems, entering into partnerships, acquisitions, entering new regions, expanding product range, etc.
Key Target Audience
Seasoning And Spices Manufacturers, Raw Material Suppliers, Potential Investors, End-Use Industry and Others