The Global Spices and Seasonings Market size was valued at around USD 29.5 Billion in 2024 and is expected to reach USD 49.5 Billion by 2030. Along with this, the market is projected to grow at a CAGR of around 6.1% during the forecast period, i.e., 2025-30 according to MarkNtel Advisors Study.
Global Spices and Seasonings Market Driver:
Growing Popularity of Veganism Worldwide – The increasing environmental concerns coupled with animal welfare and health risks associated with consuming animal protein, leading to the widespread popularity of veganism and vegetarianism. This eventually drives the demand for plant-based diets among consumers. Major industry players are emphasizing new product launches, especially for the vegan and vegetarian population to sustain the growing demand. Due to the increasing vegan population, the meat industry witnessed major drawbacks that adversely impacted the spices and seasoning industry. Many spices previously utilized in the meat processing industry are now consumed in vegetarian alternatives. Therefore, this escalating use of spices by vegan masses as meat substitutes has positively aided the spices and seasonings industry growth for further growth & expansion.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Spices and Seasonings Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Type
- Spices- Market Size & Forecast 2020-2030, USD Million
- Pepper- Market Size & Forecast 2020-2030, USD Million
- Ginger- Market Size & Forecast 2020-2030, USD Million
- Cinnamon- Market Size & Forecast 2020-2030, USD Million
- Cumin- Market Size & Forecast 2020-2030, USD Million
- Turmeric- Market Size & Forecast 2020-2030, USD Million
- Coriander- Market Size & Forecast 2020-2030, USD Million
- Cardamom- Market Size & Forecast 2020-2030, USD Million
- Cloves- Market Size & Forecast 2020-2030, USD Million
- Others- Market Size & Forecast 2020-2030, USD Million
- Herbs- Market Size & Forecast 2020-2030, USD Million
- Garlic- Market Size & Forecast 2020-2030, USD Million
- Oregano- Market Size & Forecast 2020-2030, USD Million
- Mint- Market Size & Forecast 2020-2030, USD Million
- Parsley- Market Size & Forecast 2020-2030, USD Million
- Rosemary- Market Size & Forecast 2020-2030, USD Million
- Fennel- Market Size & Forecast 2020-2030, USD Million
- Others- Market Size & Forecast 2020-2030, USD Million
- Salt & Salt Substitutes- Market Size & Forecast 2020-2030, USD Million
- Spices- Market Size & Forecast 2020-2030, USD Million
- By Nature
- Conventional- Market Size & Forecast 2020-2030, USD Million
- Organic- Market Size & Forecast 2020-2030, USD Million
- By Form
- Whole- Market Size & Forecast 2020-2030, USD Million
- Powder- Market Size & Forecast 2020-2030, USD Million
- By Application
- Meat and Polutry- Market Size & Forecast 2020-2030, USD Million
- Bakery and Confectionery- Market Size & Forecast 2020-2030, USD Million
- Frozen Foods- Market Size & Forecast 2020-2030, USD Million
- Snacks and Convenience Foods- Market Size & Forecast 2020-2030, USD Million
- Others (Beverages, Soups, Sauces, and dressings)- Market Size & Forecast 2020-2030, USD Million
- By Distribution Channel
- B2B- Market Size & Forecast 2020-2030, USD Million
- Online- Market Size & Forecast 2020-2030, USD Million
- Offline (Supermarkets & Hypermarkets, Exclusive Stores, Small Retail Outlets)- Market Size & Forecast 2020-2030, USD Million
- By End User
- Industrial (Manufacturing facilities, F&B)- Market Size & Forecast 2020-2030, USD Million
- Commercial (Hotels, Restaurants)- Market Size & Forecast 2020-2030, USD Million
- Residential- Market Size & Forecast 2020-2030, USD Million
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Moguntia Food Group, B&G Foods Inc., Olam International, McCormick & Company, Inc., Ajinomoto Co., Inc., Paras Spices Private Limited, Shamaonline, Dohler Group, Friedrich Ingredients, Spice Home, ARIAKE Japan Co. Ltd., Pacific Spice Company, Sensient Technologies, HS Group, VKL Seasonings Pvt. Ltd., Others (Zhumadian Wang Shouyi, etc.),and others are looking forward to strengthening their market positions.
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Global Spices and Seasonings Industry Recent Development:
2024: Dohler declares the extension of its South Africa plant in Paarl. The company aims to revolutionize its relationships with local customers and establish itself as a leading player in the food, beverage, life science, and nutrition industry in the region.
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