Spices and Seasonings Market Growth, Shares, Future Trends and Key Countries by 2030

The global spices and seasonings market size was USD 21.40 Billion in 2021 and is expected to register a revenue CAGR of 5.3% during the forecast period. Spices and seasoning market revenue growth is primarily driven by factors such as rising exposure to international food culture due to globalization coupled with, increase in per capita income of consumers, especially in developing countries, rising demand for ready-to-use spice mixes and spice blends, growing awareness about health benefits of spices, and continuous advancements in food processing technology by major players.

Increase in globalization is resulting in consumer exposure to different international food cultures including cuisines, food habits, and ingredients. In various developed countries, there has been increase in consumption of spices due to rising awareness regarding associated health benefits. Italian seasonings such as herbs are widely being adopted in various cuisines for flavor and aroma. According to a survey, Italian, Japanese, and Chinese cuisines are most popular in the world, hence, rising demand for different cuisines and increasing usage of various spices in these cuisines are contributing to market revenue growth to a significant extent.

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Competitive Landscape:

Competitive landscape of the global spices and seasonings market is moderately fragmented with a few key players operating on global and regional levels. These players are engaged in strategic alliances to expand their respective portfolio and gain a robust footing in the global market. Major players operating in the market include McCormick Company, Inc., Olam International Ltd., Ajinomoto Co., Inc., Associated British Foods Plc, Kerry Group Plc., Ariake Japan Co., Ltd., Sensient Technologies Corporation, Dohler Group, SHS Group, Worlee Gruppe, Pacific Spice Company, Inc., Paras Spices Private Limited, VKL Seasoning Pvt. Ltd., Friedrich Ingredients DMCC, and Moguntia Food Group Ag.

On July 15, 2021 Sensient Technologies Corporation, a U.S.-based manufacturer of colors, flavors, and fragrances announced the acquisition of Flavor Solutions, Inc. This acquisition will allow the company to expand its portfolio of flavors, utilize new technologies to strengthen its capabilities, provide technical solutions, extend natural shelf-life, and additional taste-modulation technology platforms to enhance sweetness and reduce salt.

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By Type Outlook	Herbs Salt Salts Substitutes Spices Pepper Ginger Coriander Cardamom Cinnamon Turmeric Cumin Nutmeg Mace Others
By End-use Outlook	Meat Poultry Products Soups Sauces Frozen Products Others
By Nature Outlook	Conventional Organic

Key Regional Markets Covered in the Report:

North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)

The Spices and Seasonings market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Spices and Seasonings market.

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Frequently Asked Questions Addressed in the Report:

What is the estimated market revenue growth over the forecast period?
What are the major factors driving the global Spices and Seasonings market revenue growth?
Which regional market is expected to account for the largest revenue share in the global Spices and Seasonings market over the forecast years?
Which are the leading players in the global Spices and Seasonings market?
What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?

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