Product Code: TIPRE00039199
The US spices and herbs market size was valued at US$ 2.46 billion in 2023 and is projected to reach US$ 3.59 billion by 2031; it is expected to register a CAGR of 4.8% from 2023 to 2031.
Spices and herbs have been in use for centuries for both culinary and medicinal purposes. Spices not only enhance the flavor, aroma, and color of food and beverages, but they can also protect from acute and chronic diseases. Herbs and spices consist of various parts of plants cultivated for their aromatic, pungent, or otherwise desirable substances, including rhizomes, bulbs, barks, flower buds, stigmas, fruits, seeds, and leaves. Technically, herbs come from aromatic plants grown in the temperate zone, while spices are products of tropical plants. Both are used to flavor food and are rich in phytochemicals, which are healthful plant chemicals. Spices and herbs possess antioxidant, anti-inflammatory, antitumorigenic, anticarcinogenic, and glucose- and cholesterol-lowering activities, as well as properties that affect cognition and mood. They are also excellent sources of antioxidants with their high content. Additionally, herbs and spices have been widely valued for centuries for their healing properties and their flavor, and modern research has found evidence for numerous health benefits. Furthermore, the use of certain spices and herbs alone, or in blends, can replace or reduce salt and sugar in foods, contributing to their increased demand.
Spices and herbs are used in food seasoning to unveil tempting aromas and enhance the taste and flavor of food products. They can be used as alternatives for less desirable taste promoters such as sugar, salt, and fat. Saffron is a major spice used as a flavoring and coloring agent in various food items and beverages such as ready-to-eat meals, soups, sauces, dressings, functional beverages, and baked goods. Spices and herbs such as pepper, chilies, bay leaves, basil, and oregano are also used in various food types such as packaged salads, frozen pizza, ready-to-eat meals and others. Also, buchu is also used commercially in the US to make tea or brewed in brandy. In recent years, spices and herbs have gained importance as potential sources of natural food preservatives due to the growing interest in natural preservatives, which have been better alternatives to chemical additives in the food processing industry. They help in delaying the natural process of spoilage by decreasing or eliminating foodborne pathogens, thus increasing the shelf life of the end product. Garlic, celery seeds, tarragon, dill, cinnamon, turmeric, and cumin have compounds functioning as preservatives
McCormick & Co Inc, Badia Spices, Inc., B&G Foods Inc, Goya Foods Inc, Sauer Brands, Pacific Spice Company, Inc., US Spice Mills, Inc., Great American Spice Company, Baron Spices & Seasonings, and Harris Spice are the key players operating in the US spices and herbs market. These market players are focusing on providing high-quality, innovative products to fulfill customers' demands and increase their US spices and herbs market share.
The overall US spices and herbs market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information about the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights into the topic. Participants in this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the US spices and herbs market.
Table Of Contents
1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
2. Executive Summary
- 2.1 Key Insights
- 2.2 Market Attractiveness
3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Region level data:
4. US Spices and Herbs Market Landscape
- 4.1 Overview
- 4.2 Porters Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
- 4.3 Ecosystem Analysis
- 4.3.1 Raw Materials Supplier:
- 4.3.2 Manufacturers:
- 4.3.3 Distributors:
- 4.3.4 End User:
- 4.4 List of Potential Customers
- 4.5 Average Price Range - by Type (2023)
5. US Spices and Herbs Market - Key Market Dynamics
- 5.1 US Spices and Herbs Market - Key Market Dynamics
- 5.2 Market Drivers
- 5.2.1 Wide Range of Applications in Food and Beverages
- 5.2.2 Health Benefits Associated with Spices and Herbs
- 5.3 Market Restraints
- 5.3.1 Increasing Instances of Spices and Herbs Contamination and Product Recalls
- 5.4 Market Opportunities
- 5.4.1 Rising Preference for Fair Trade and Sustainably Sourced Spices and Herbs
- 5.5 Future Trends
- 5.5.1 High Demand for Organic Spices and Herbs
- 5.6 Impact of Drivers and Restraints:
6. US Spices and Herbs Market Analysis
- 6.1 US Spices and Herbs Market Revenue (US$ Million), 2021-2031
- 6.2 US Spices and Herbs Market Forecast and Analysis
7. US Spices and Herbs Market Analysis - by Type
- 7.1 Bay Leaves
- 7.1.1 Overview
- 7.1.2 Bay Leaves: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
- 7.2 Basil
- 7.2.1 Overview
- 7.2.2 Basil: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
- 7.3 Pepper
- 7.3.1 Overview
- 7.3.2 Pepper: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
- 7.4 Chilies
- 7.4.1 Overview
- 7.4.2 Chilies: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
- 7.5 Cumin
- 7.5.1 Overview
- 7.5.2 Cumin: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
- 7.6 Coriander
- 7.6.1 Overview
- 7.6.2 Coriander: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
- 7.7 Garlic
- 7.7.1 Overview
- 7.7.2 Garlic: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
- 7.8 Nutmeg
- 7.8.1 Overview
- 7.8.2 Nutmeg: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
- 7.9 Turmeric
- 7.9.1 Overview
- 7.9.2 Turmeric: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
- 7.10 Fennel Seeds
- 7.10.1 Overview
- 7.10.2 Fennel Seeds: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
- 7.11 Cinnamon
- 7.11.1 Overview
- 7.11.2 Cinnamon: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
- 7.12 Others
- 7.12.1 Overview
- 7.12.2 Others: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
8. US Spices and Herbs Market Analysis - by Category
- 8.1 Conventional
- 8.1.1 Overview
- 8.1.2 Conventional: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
- 8.2 Organic
- 8.2.1 Overview
- 8.2.2 Organic: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
9. US Spices and Herbs Market Analysis - by Form
- 9.1 Whole
- 9.1.1 Overview
- 9.1.2 Whole: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
- 9.2 Powder / Ground
- 9.2.1 Overview
- 9.2.2 Powder / Ground: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
- 9.3 Flakes
- 9.3.1 Overview
- 9.3.2 Flakes: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
10. US Spices and Herbs Market Analysis - by End Use
- 10.1 Food Processing
- 10.1.1 Overview
- 10.1.2 Food Processing: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
- 10.2 Food Retail
- 10.2.1 Overview
- 10.2.2 Food Retail: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
- 10.3 Food Service
- 10.3.1 Overview
- 10.3.2 Food Service: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
11. US Spices and Herbs Market - Regional Analysis
- 11.1 US
- 11.1.1 US Spices and Herbs Market Overview
- 11.1.2 US Spices and Herbs Market Revenue and Forecast and Analysis - by Region
- 11.1.2.1 US Spices and Herbs Market Revenue and Forecast and Analysis - by Region
- 11.1.2.2 Northeast: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
- 11.1.2.2.1 Northeast: US Spices and Herbs Market Breakdown by Type
- 11.1.2.2.2 Northeast: US Spices and Herbs Market Breakdown by Category
- 11.1.2.2.3 Northeast: US Spices and Herbs Market Breakdown by Form
- 11.1.2.2.4 Northeast: US Spices and Herbs Market Breakdown by End Use
- 11.1.2.3 Southwest: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
- 11.1.2.3.1 Southwest: US Spices and Herbs Market Breakdown by Type
- 11.1.2.3.2 Southwest: US Spices and Herbs Market Breakdown by Category
- 11.1.2.3.3 Southwest: US Spices and Herbs Market Breakdown by Form
- 11.1.2.3.4 Southwest: US Spices and Herbs Market Breakdown by End Use
- 11.1.2.4 West: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
- 11.1.2.4.1 West: US Spices and Herbs Market Breakdown by Type
- 11.1.2.4.2 West: US Spices and Herbs Market Breakdown by Category
- 11.1.2.4.3 West: US Spices and Herbs Market Breakdown by Form
- 11.1.2.4.4 West: US Spices and Herbs Market Breakdown by End Use
- 11.1.2.5 Southeast: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
- 11.1.2.5.1 Southeast: US Spices and Herbs Market Breakdown by Type
- 11.1.2.5.2 Southeast: US Spices and Herbs Market Breakdown by Category
- 11.1.2.5.3 Southeast: US Spices and Herbs Market Breakdown by Form
- 11.1.2.5.4 Southeast: US Spices and Herbs Market Breakdown by End Use
- 11.1.2.6 Midwest: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
- 11.1.2.6.1 Midwest: US Spices and Herbs Market Breakdown by Type
- 11.1.2.6.2 Midwest: US Spices and Herbs Market Breakdown by Category
- 11.1.2.6.3 Midwest: US Spices and Herbs Market Breakdown by Form
- 11.1.2.6.4 Midwest: US Spices and Herbs Market Breakdown by End Use
12. Competitive Landscape
- 12.1 Heat Map Analysis
- 12.2 Company Positioning and Concentration
13. Company Profiles
- 13.1 McCormick & Co Inc
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
- 13.2 Badia Spices, Inc.
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
- 13.3 B&G Foods Inc
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
- 13.4 Goya Foods Inc
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
- 13.5 Sauer Brands
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
- 13.6 Pacific Spice Company, Inc.
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
- 13.7 US Spice Mills, Inc.
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
- 13.8 Great American Spice Company
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
- 13.9 Baron Spices & Seasonings
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
- 13.10 Harris Spice
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments
14. Appendix
- 14.1 About The Insight Partners