Market Overview

The Global Spices and Seasonings Market was valued at USD 23,077.8 million in 2023 and is expected to reach USD 34,619.5 million by 2031 while growing at a CAGR of 5.2% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global spices and seasonings market growth. Spices and seasonings, derived from plants like seeds, bark, roots, fruits, and leaves, enhance food flavor, aroma, and color, playing a crucial role in diverse culinary experiences.

Increasing consumer demand for flavorful foods and rising interest in ethnic and international cuisines drive the growth of the spices and seasonings market. However, obstacles like price volatility, supply chain challenges, and stringent regulatory standards may hinder market expansion.

Furthermore, the global spices and seasonings industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Product Type Analysis

The Global Spices and Seasonings Market is segmented among Salt and Salt Substitutes, Herbs and Seasonings, and Spices, based on product type. In 2023, Herbs and Seasonings accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Application Analysis

The Global Spices and Seasonings Market is segmented among Bakery and Confectionery, Soup, Noodles and Pasta, Meat and Seafood, Sauces, Salads, and Dressing, Savory Snacks, Other Applications, based on Application. In 2023, Meat and Seafood accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Spices and Seasonings Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Kikkoman Corporation, Kerry Group PLC, Olam International, Cargill, Incorporated, Sensient Technologies Corporation, House Foods Group Inc., Döhler Group SE, Baron Spices Inc., Prymat Sp. z o.o., and SHS Group (British Pepper & Spices).

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Spices and Seasonings Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Spices and Seasonings Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Spices and Seasonings Market Segmentation, By Product Type

• Global Spices and Seasonings Market Share Analysis, By Product Type

• Global Spices and Seasonings Market Growth Analysis, By Product Type

• Global Spices and Seasonings Market Trends, By Product Type

o Salt and Salt Substitutes

o Herbs and Seasonings

Ø Thyme

Ø Basil

Ø Oregano

Ø Parsley

Ø Other Herbs

o Spices

Ø Pepper

Ø Cardamom

Ø Cinnamon

Ø Clove

Ø Nutmeg

Ø Turmeric

Ø Other Spices

6. Global Spices and Seasonings Market Segmentation, By Application

• Global Spices and Seasonings Market Share Analysis, By Application

• Global Spices and Seasonings Market Growth Analysis, By Application

• Global Spices and Seasonings Market Trends, By Application

o Bakery and Confectionery

o Soup

o Noodles and Pasta

o Meat and Seafood

o Sauces, Salads, and Dressing

o Savory Snacks

o Other Applications

7. Global Spices and Seasonings Market Segmentation, By Region

• Global Spices and Seasonings Market Share Analysis, By Region

• Global Spices and Seasonings Market Growth Analysis, By Region

• Global Spices and Seasonings Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Kikkoman Corporation*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Kerry Group PLC

• Olam International

• Cargill, Incorporated

• Sensient Technologies Corporation

• House Foods Group Inc.

• Döhler Group SE

• Baron Spices Inc.

• Prymat Sp. z o.o.

• SHS Group (British Pepper & Spices)

 *Similar analysis will be provided for each company listed above.