Product Code: SQMG30D2002
Global Seasoning and Spices Market was valued at USD 21.45 Billion in 2021, and it is expected to reach a value of USD 29.96 Billion by 2028, at a CAGR of 4.89% over the forecast period (2022-2028).
The primary driver fueling the expansion of this market has been identified as the increased awareness of the therapeutic properties of spices and herbs, together with the increasing number of individuals who cook at home. The market has also been stimulated by consumers' rising willingness to pay a premium for exotic and novel flavours. Due to the distinctive characteristics of local cuisines, which are also fueling the expansion, local cuisines have been receiving prominence on a global scale.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global seasoning and spices market and various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report:
The Global Seasoning and Spices Market is segmented based on type as pepper, chili, ginger, cinnamon, cumin, turmeric, nutmeg and mace, cardamom, cloves, and others. In terms of application market is segmented as meat and poultry, bakery and confectionery, frozen food, snacks, and convenience food, and others. based on distribution channel, the market is segmented into Food service and retail. Based on region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Driver
Asian cuisines including Thai, Indian, Chinese, and Vietnamese use a wide range of spices and herbs to give the food a distinct flavour. The popularity of cooking at home is rising among American consumers. As a result, sales of numerous spices, including pepper and ginger, have increased. The seasoning & spices market has been driven by a number of campaigns and programmes that encourage individuals across to prepare more meals at home to lessen stress.
Restraint
Spices and seasonings are frequently employed in many different sectors of the food industry. On the other side, it has been demonstrated that excessive spice use is bad for one's health. Some claim that stomach issues are the most common side effect of spicy meals. When stomach acid runs back up into the oesophagus, it causes heartburn, also known as acid reflux, which causes a burning sensation in the chest. This acidity can be brought on by spicy foods that contain capsaicin, which also slows down digestion and raises the risk of heartburn. Stomach or intestine irritation, which can have a laxative impact, is another digestive issue that spicy meals can cause.
Market Trends
Global demand for seasoning is expanding due to changing consumer habits, rising urbanisation, rising income levels, and novel eating experiences. Additionally, a growing number of consumers in North America and Europe have been incorporating different spices into their regional cuisines, creating new market prospects for manufacturers.
Table of Contents
Executive Summary
Market overview
- Exhibit: Executive Summary - Chart on Market Overview
- Exhibit: Executive Summary - Data Table on Market Overview
- Exhibit: Executive Summary - Chart on Global Seasoning And Spices Characteristics
- Exhibit: Executive Summary - Chart on Market by Geography
- Exhibit: Executive Summary - Chart on Market Segmentation
- Exhibit: Executive Summary - Chart on Incremental Growth
- Exhibit: Executive Summary - Data Table on Incremental Growth
- Exhibit: Executive Summary - Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy-scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Seasoning And Spices size and forecast 2022-2028 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2022-2028 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
- Global Seasoning And Spices by Product
- Market segments
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Data table on Market share 2022-2028 (%)
- Herbs
- Market Estimates & Forecast, 2021-2028
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Salt And Salt Substitutes
- Market Estimates & Forecast, 2021-2028
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Spices
- Market Estimates & Forecast, 2021-2028
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Global Seasoning And Spices by Application
- Market segments
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Data table on Market share 2022-2028 (%)
- Bakery And Confectionary
- Market Estimates & Forecast, 2021-2028
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Meat And Poultry Products
- Market Estimates & Forecast, 2021-2028
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Beverages
- Market Estimates & Forecast, 2021-2028
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Frozen Food
- Market Estimates & Forecast, 2021-2028
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Soups
- Market Estimates & Forecast, 2021-2028
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Sauces And Dressings
- Market Estimates & Forecast, 2021-2028
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Others
- Market Estimates & Forecast, 2021-2028
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Global Seasoning And Spices by Form
- Market segments
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Data table on Market share 2022-2028 (%)
- Whole
- Market Estimates & Forecast, 2021-2028
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Ground
- Market Estimates & Forecast, 2021-2028
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Global Seasoning And Spices by End User
- Market segments
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Data table on Market share 2022-2028 (%)
- Industrial Use
- Market Estimates & Forecast, 2021-2028
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Retail
- Market Estimates & Forecast, 2021-2028
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Food Services
- Market Estimates & Forecast, 2021-2028
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
Market Size by Region
- Chart on Market share by geography 2022-2028 (%)
- Data Table on Market share by geography 2022-2028(%)
- North America
- Chart on Market share by country 2022-2028 (%)
- Data Table on Market share by country 2022-2028(%)
- USA
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Europe
- Chart on Market share by country 2022-2028 (%)
- Data Table on Market share by country 2022-2028(%)
- Germany
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Asia Pacific
- Chart on Market share by country 2022-2028 (%)
- Data Table on Market share by country 2022-2028(%)
- China
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Latin America
- Chart on Market share by country 2022-2028 (%)
- Data Table on Market share by country 2022-2028(%)
- Brazil
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2022-2028 (%)
- Data Table on Market share by country 2022-2028(%)
- GCC Countries
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- SHS Group
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Olam International
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Mccormick and Company
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Kerry Group PLC
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Worlee Group
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Sensient Technologies
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Ariake Japan Co. Ltd.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Dohler Group
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Ajinomoto Co. Inc.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Associated British Foods PLC
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments