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Spices and Seasonings Market by Type, Application (Meat & Poultry Products, Snacks & Convenience Food, Soups, Sauces & Dressings, Bakery & Confectionery, Frozen Products, Beverages), Nature, and Region - Trends and Forecast to 2026

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    Report

  • 279 Pages
  • August 2021
  • Region: Global
  • Markets and Markets
  • ID: 5403584
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The global spices and seasonings market is expected to grow from USD 21.3 billion in 2021 to USD 27.4 billion by 2026, at a CAGR of 5.2% from 2021 to 2026.

Globally, the spices & seasonings market is driven by the growing demand for convenience food products, clean label trends, and natural preservatives for the meat industry. Growth in food product innovations to incorporate natural ingredients, increase in demand for health and wellness products, and rise in demand for ethnic and authentic food products are emerging opportunities for the spices & seasonings market.


Increasing health and wellness trend is leading to a rise in demand for clean label products, which is one of the major driving factors for the spices and seasonings market

Increasing consumption of healthy food products among modern consumers has led to increasing interest in the origin of the ingredients used to produce these products. Consumers prefer natural and clean-label flavors and ingredients as they are constantly looking for ‘natural’ nutrition and are opting for products that incorporate inherently natural, fresh, wholesome, and balanced nutrition. They largely perceive “clean label” as having a natural flavor and natural color. The food industry faces the challenge of finding natural ingredients, which will maintain food quality and integrity without compromising on the shelf life, taste, and texture of the food products. Furthermore, natural ingredients are costlier when compared to artificial flavors. Thus, the rising consumer demand for natural food ingredients is anticipated to increase the demand for spices and seasonings in the near future.


The market for cloves segment amongst the various types of spices and seasonings is projected to grow at the highest CAGR between 2021 and 2026

Globally, the cloves segment is expected to increase at the highest CAGR during the forecast period. Originating in Indonesia, cloves are dried flower buds from the clove tree. Cloves are aromatic warm spices with an intense flavor and aroma. The flavor comes from the compound eugenol. Cloves are low in calories but a rich source of manganese. They’re otherwise an insignificant source of nutrients. Whole or ground cloves are used to flavor sauces, soups and rice dishes, notably a number of traditional Indian dishes, and it’s one of the components of garam masala. Whole cloves are either removed before serving or picked out of the dish. Even when cooked, whole cloves have a very hard, woody texture that would be unpleasant to bite into. Cloves also feature in any number of desserts, especially ground cloves. Cloves are often paired with cinnamon or nutmeg, but in general, it’s a good idea to use cloves sparingly.


The beverage application segment of is projected to grow at the highest CAGR between 2021 and 2026

The beverage application segment is projected to grow at the highest CAGR during the forecast period as there has been an increase in the use of natural spices to produce clean labeled beverages. Herbs and spices play a significant part in producing beverages and have been used for many centuries. Some of them were already in use in prehistory (cinnamon, hops, and marjoram). Currently, hundreds of plants are used in the production of beverages for flavoring, preservation, and coloring purposes. Evolving consumer dietary requirements and trends including ‘low to no’ and ‘clean’ labels have driven increased interest in spices, herbs and extract flavor solutions for beverages without being calorie-heavy. Hence, globally, launches in beverages with herbs and spices such as ginger or mint are increasing significantly.


The organic spices segment by nature in the spices and seasonings market is projected to grow at the highest CAGR between 2021 and 2026

Organic spices are projected to grow faster during the forecast period. Organic spices are grown using natural inputs. These crops are not subject to chemicals, pesticides, and insecticides. To make sure that the spices grow well, organic manure is added as a natural fertilizer. Farmers cultivate spices using a completely natural process, and no sort of chemicals are used to enhance the growth of the crops. Organic spices are wholesome, non-GMO, and free of insecticides and pesticides. Organics spices are artificially enhanced to be visually appealing. Since organic species are grown without any usage of harmful chemicals to maintain the plant’s phytonutrients properly, the original flavor of spices is preserved.


European market for spices and seasonings is projected to grow at the highest CAGR during the forecast period

The market for spices and seasonings in Europe is projected to witness the highest growth rate during the review period. According to European Commission, the demand for spices and seasonings is expected to continuously grow. Until 2020, growth in demand for food & beverages is expected in eastern EU countries where food expenditure is expected to increase by 30%-35% by 2021 as compared to 2020. Therefore, demand for spices and seasonings is expected to grow in the long run. Eastern European countries such as Romania, Hungary, and Bulgaria are major consumers of sweet pepper powder. The standard of living in Eastern European countries is steadily improving as a result of rising incomes. This is leading to a growing demand for spices and herbs. Southern EU countries are major consumers of spices and fresh herbs, especially those grown locally.


Research Coverage

The report segments the plant extracts market based on type, application, nature and region. In terms of insights, this report has focused on various levels of analyses - competitive landscape, end-use analysis, and company profiles - which together comprise and discuss views on the emerging & high-growth segments of the spices and seasonings market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.

Some of the major players in the market include McCormick & Company, Inc. (US), Olam International (Singapore), Ajinomoto Co. Inc. (Japan), Associated British Foods plc (UK), Kerry Group plc (Ireland), Sensient Technologies Corporation (US), Döhler Group (Germany), SHS Group (Ireland), Worlée Gruppe (Germany), Pacific Spice Company (US), Paras Spice Private Limited (India), VKL Seasonings Pvt Ltd (India), Friedrich Ingredients (Germany), Moguntia Food Group AG (Germany). Other players are Spice Home Company (Egypt), Shama Spices (UAE), Everest Food Products Pvt Ltd (India), Elite Spices (US), and Terana S.A. (Mexico).

In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews have been conducted with the key experts.


The breakup of the profiles of primary participants is as follows:

  • By Company type: Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%
  • By Designation: C-level - 35%, Director-level - 25%, and Executives - 40%
  • By Geography: North America - 45%, Europe - 20%, Asia Pacific - 30%, and RoW - 5%

Reasons to Buy the Report

  • Illustrative segmentation, analysis, and forecast pertaining to the plant extracts market based on type, application, source and geography have been conducted to provide an overall view of the spices and seasonings market.
  • Major drivers, restraints, and opportunities for the spices and seasonings market have been detailed in this report.

Table of Contents

1 Introduction
1.1 Objective of the Study
1.1.1 Market Definition
1.2 Market Scope
1.2.1 Markets Covered
Figure 1 Market Segmentation: Spices & Seasonings Market
1.2.2 Inclusions and Exclusions
1.2.3 Geographic Scope
1.3 Periodization Considered
1.4 Currency Considered
Table 1 USD Exchange Rates Considered for the Study, 2017-2020
1.5 Volume Units Considered
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
Figure 2 Spices & Seasonings Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown of Primary Interviews
Figure 3 Breakdown of Primary Interviews: by Company Type, Designation, and Region
2.1.2.2 Primary Insights
Figure 4 Primary Insights
2.2 Market Size Estimation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
2.2.1 Supply Side
2.2.2 Demand Side
2.3 Data Triangulation
Figure 7 Data Triangulation
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations & Risk Assessment
2.5 Market Scenarios Considered for the Impact of COVID-19
2.5.1 Scenario-Based Modelling
2.6 Introduction to COVID-19
2.7 COVID-19 Health Assessment
Figure 8 COVID-19: Global Propagation
Figure 9 COVID-19 Propagation: Select Countries
2.8 COVID-19 Economic Assessment
Figure 10 Revised Gross Domestic Product Forecasts for Select G20 Countries in 2020
2.8.1 COVID-19 Economic Impact - Scenario Assessment
Figure 11 Criteria Impacting Global Economy
Figure 12 Scenarios in Terms of Recovery of Global Economy
3 Executive Summary
Figure 13 Spices & Seasonings Market Size, by Type, 2020 Vs. 2026 (USD Million)
Figure 15 Spices & Seasonings Market Size, by Nature, 2020 Vs. 2026 (USD Million)
Figure 16 Spices & Seasonings Market Share, by Region, 2020
4 Premium Insights
4.1 Opportunities in the Spices & Seasonings Market
Figure 17 Rise in Demand for Convenience Food Products on a Global Scale to Drive the Growth of the Spices & Seasonings Market
4.2 Spices & Seasonings Market, by Type
Figure 18 Ginger to Account for the Largest Value Share
4.3 Spices & Seasonings Market, by Application & Region
Figure 19 Asia-Pacific Dominated the Market Across All Applications in 2020
4.4 Spices & Seasonings Market, by Nature
Figure 20 Conventional Spices & Seasonings to Dominate the Market
4.5 Asia-Pacific: Spices & Seasonings Market, by Type & Country, 2017
Figure 21 Ginger Accounted for the Largest Share, by Type, in 2020, in Asia-Pacific
4.6 COVID-19 Impact on the Spices & Seasonings Market
Figure 22 Growth in 2020 is Reduced in the Post-COVID-19 Scenario Compared to the Pre-COVID-19 Scenario
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 23 Market Dynamics: Spices & Seasonings Market
5.2.1 Drivers
5.2.1.1 Growth in Demand for Convenience Foods
5.2.1.1.1 Rapidly Increasing Urbanization and Changing Lifestyles
5.2.1.1.2 Rise in Demand for Convenience Food
5.2.1.2 Clean Label: A Clear Trend Across Global Food Markets
Figure 24 Consumer Perception on Clean Label Food Products
5.2.1.3 Increase in Use of Spices and Seasonings as Natural Preservatives in Meat & Poultry Products
5.2.1.4 Evolving Consumer Perception of Spicy Food Products
Figure 25 Consumer Perception on Spicy Food Products, 2020
5.2.2 Restraints
5.2.2.1 Adulteration of Spices
5.2.2.2 Adverse Effects of Excess Spice Consumption
5.2.3 Opportunities
5.2.3.1 Increase in Demand for Health and Wellness Products
5.2.3.2 Spice- and Herb-Infused Beverages Pave the Way for Market Growth
5.2.3.3 Encapsulation of Spices Witness Higher Value Sales Growth Rate
5.2.3.4 Organic Spices & Seasonings Witness a Higher Level of Demand
Figure 26 Global Organic Food Market, 2012-2019 (USD Billion)
5.2.4 Challenges
5.2.4.1 Several Spices & Seasonings are Prone to Microbial Contamination
6 Regulatory Framework
6.1 Introduction
6.2 Trade Organizations
6.3 Regional Regulations
6.4 Spices and Herb Regulations
7 Spices & Seasonings Market, by Type
7.1 Introduction
Figure 27 Spices & Seasonings Market Size, by Type, 2021 Vs. 2026 (USD Million)
Table 1 Spices & Seasonings Market Size, by Type, 2016-2020 (USD Million)
Table 2 Spices & Seasonings Market Size, by Type, 2021-2026 (USD Million)
Table 3 Spices & Seasonings Market Size, by Type, 2016-2020 (Kt)
Table 4 Spices & Seasonings Market Size, by Type, 2021-2026 (Kt)
7.2 COVID-19 Impact on the Spices & Seasonings Market, by Type
7.2.1 Optimistic Scenario
Table 5 COVID-19 Impact on the Spices & Seasonings Market Size, by Type, 2018-2021 (USD Million)
7.2.2 Pessimistic Scenario
Table 6 Pessimistic Scenario: COVID-19 Impact on the Spices & Seasonings Market Size, by Type, 2018-2021 (USD Million)
7.2.3 Realistic Scenario
Table 7 Realistic Scenario: COVID-19 Impact on the Spices & Seasonings Market Size, by Type, 2018-2021 (USD Million)
7.3 Pepper
7.3.1 Black Pepper is One of the Most Traded Spices in the World
Table 8 Pepper Market Size, by Region, 2016-2020 (USD Million)
Table 9 Pepper Market Size, by Region, 2021-2026 (USD Million)
Table 10 Pepper Market Size, by Region, 2016-2020 (Kt)
Table 11 Pepper Market Size, by Region, 2021-2026 (Kt)
7.4 Capsicum
7.4.1 Capsaicin Has Preventive and Therapeutic Properties For Many Ailments
Table 12 Capsicum Market Size, by Region, 2016-2020 (USD Million)
Table 13 Capsicum Market Size, by Region, 2021-2026 (USD Million)
Table 14 Capsicum Market Size, by Region, 2016-2020 (Kt)
Table 15 Capsicum Market Size, by Region, 2021-2026 (Kt)
7.5 Ginger
7.5.1 Ginger is an Excellent Source of Antioxidants
Table 16 Ginger Market Size, by Region, 2016-2020 (USD Million)
Table 17 Ginger Market Size, by Region, 2021-2026 (USD Million)
Table 18 Ginger Market Size, by Region, 2016-2020 (Kt)
Table 19 Ginger Market Size, by Region, 2021-2026 (Kt)
7.6 Cinnamon
7.6.1 The Bark of the Cinnamomum Tree is Globally Popular as a Spice
Table 20 Cinnamon Market Size, by Region, 2016-2020 (USD Million)
Table 21 Cinnamon Market Size, by Region, 2021-2026 (USD Million)
Table 22 Cinnamon Market Size, by Region, 2016-2020 (Kt)
Table 23 Cinnamon Market Size, by Region, 2021-2026 (Kt)
7.7 Cumin
7.7.1 Cumin is Essential in Mexican, African, and Asian Cuisines
Table 24 Cumin Market Size, by Region, 2016-2020 (USD Million)
Table 25 Cumin Market Size, by Region, 2021-2026 (USD Million)
Table 26 Cumin Market Size, by Region, 2016-2020 (Kt)
Table 27 Cumin Market Size, by Region, 2021-2026 (Kt)
7.8 Turmeric
7.8.1 Turmeric Contains Curcumin, a Potent Antioxidant
Table 28 Turmeric Market Size, by Region, 2016-2020 (USD Million)
Table 29 Turmeric Market Size, by Region, 2021-2026 (USD Million)
Table 30 Turmeric Market Size, by Region, 2016-2020 (Kt)
Table 31 Turmeric Market Size, by Region, 2021-2026 (Kt)
7.9 Nutmeg & Mace
7.9.1 The Use of Nutmeg is Increasing for Its Aromatic and Curative Properties
Table 32 Nutmeg & Mace Market Size, by Region, 2016-2020 (USD Million)
Table 33 Nutmeg & Mace Market Size, by Region, 2021-2026 (USD Million)
Table 34 Nutmeg & Mace Market Size, by Region, 2016-2020 (Kt)
Table 35 Nutmeg & Mace Market Size, by Region, 2021-2026 (Kt)
7.10 Cardamom
7.10.1 Cardamom is a Spice Used in Cooking and as a Natural Medicine
Table 36 Cardamom Market Size, by Region, 2016-2020 (USD Million)
Table 37 Cardamom Market Size, by Region, 2021-2026 (USD Million)
Table 38 Cardamom Market Size, by Region, 2016-2020 (Kt)
Table 39 Cardamom Market Size, by Region, 2021-2026 (Kt)
7.11 Coriander
7.11.1 Coriander is an Important Part of the “C” Club in Spices
Table 40 Coriander Market Size, by Region, 2016-2020 (USD Million)
Table 41 Coriander Market Size, by Region, 2021-2026 (USD Million)
Table 42 Coriander Market Size, by Region, 2016-2020 (Kt)
Table 43 Coriander Market Size, by Region, 2021-2026 (Kt)
7.12 Cloves
7.12.1 Using Whole or Ground Cloves Can be Beneficial for Health
Table 44 Cloves Market Size, by Region, 2016-2020 (USD Million)
Table 45 Cloves Market Size, by Region, 2021-2026 (USD Million)
Table 46 Cloves Market Size, by Region, 2016-2020 (Kt)
Table 47 Cloves Market Size, by Region, 2021-2026 (Kt)
7.13 Other Types
Table 48 Other Types Market Size, by Region, 2016-2020 (USD Million)
Table 49 Other Types Market Size, by Region, 2021-2026 (USD Million)
Table 50 Other Types Market Size, by Region, 2016-2020 (Kt)
Table 51 Other Types Market Size, by Region, 2021-2026 (Kt)
8 Spices & Seasonings Market, by Application
8.1 Introduction
Figure 28 Spices & Seasonings Market Size, by Type, 2021 Vs. 2026 (USD Million)
Table 52 Spices & Seasonings Market Size, by Application, 2016-2020 (USD Million)
Table 53 Spices & Seasonings Market Size, by Application, 2021-2026 (USD Million)
Table 54 Spices & Seasonings Market Size, by Application, 2016-2020 (Kt)
Table 55 Spices & Seasonings Market Size, by Application, 2021-2026 (Kt)
8.2 COVID-19 Impact on the Spices & Seasonings Market, by Application
8.2.1 Optimistic Scenario
Table 56 Optimistic Scenario: COVID-19 Impact on the Spices & Seasonings Market Size, by Application, 2018-2021 (USD Million)
8.2.2 Pessimistic Scenario
Table 57 Pessimistic Scenario: COVID-19 Impact on the Spices & Seasonings Market Size, by Application, 2018-2021 (USD Million)
8.2.3 Realistic Scenario
Table 58 Realistic Scenario: COVID-19 Impact on the Spices & Seasonings Market Size, by Application, 2018-2021 (USD Million)
8.3 Meat & Poultry Products
8.3.1 Spices are Added to Meat Products as Flavorants and Preservatives
Table 59 Spices & Seasonings Market Size in Meat & Poultry Products, by Region, 2016-2020 (USD Million)
Table 60 Spices & Seasonings Market Size in Meat & Poultry Products, by Region, 2021-2026 (USD Million)
Table 61 Spices & Seasonings Market Size in Meat & Poultry Products, by Region, 2016-2020 (Kt)
Table 62 Spices & Seasonings Market Size in Meat & Poultry Products, by Region, 2021-2026 (Kt)
8.4 Snacks & Convenient Products
8.4.1 Spices & Seasonings are Essential for Consumer Interest in Snacks and Convenience Foods
Table 63 Spices & Seasonings Market Size in Snacks & Convenient Products, by Region, 2016-2020 (USD Million)
Table 64 Spices & Seasonings Market Size in Snacks & Convenient Products, by Region, 2021-2026 (USD Million)
Table 65 Spices & Seasonings Market Size in Snacks & Convenient Products, by Region, 2016-2020 (Kt)
Table 66 Spices & Seasonings Market Size in Snacks & Convenient Products, by Region, 2021-2026 (Kt)
8.5 Soups, Sauces, and Dressings
8.5.1 Spices & Seasonings Intensify the Flavor of Soups, Sauces and Dressings
Table 67 Spices & Seasonings Market Size in Soups, Sauces, and Dressings, by Region, 2016-2020 (USD Million)
Table 68 Spices & Seasonings Market Size in Soups, Sauces, and Dressings, by Region, 2021-2026 (USD Million)
Table 69 Spices & Seasonings Market Size in Soups, Sauces, and Dressings, by Region, 2016-2020 (Kt)
Table 70 Spices & Seasonings Market Size in Soups, Sauces, and Dressings, by Region, 2021-2026 (Kt)
8.6 Bakery & Confectionery
8.6.1 with the Increase in Consumption of Baked Goods, the Use of Bakery Spices is Set to Increase
Table 71 Spices & Seasonings Market Size in Bakery & Confectionery, by Region, 2016-2020 (USD Million)
Table 72 Spices & Seasonings Market Size in Bakery & Confectionery, by Region, 2021-2026 (USD Million)
Table 73 Spices & Seasonings Market Size in Bakery & Confectionery Market Size, by Region, 2016-2020 (Kt)
Table 74 Spices & Seasonings Market Size in Bakery & Confectionery, by Region, 2021-2026 (Kt)
8.7 Frozen Products
8.7.1 Spices & Seasonings are Used in Frozen Food Products as Colorants with a Longer Shelf Life
Table 75 Spices & Seasonings Market Size in Frozen Products, by Region, 2016-2020 (USD Million)
Table 76 Spices & Seasonings Market Size in Frozen Products, by Region, 2021-2026 (USD Million)
Table 77 Spices & Seasonings Market Size in Frozen Products, by Region, 2016-2020 (Kt)
Table 78 Spices & Seasonings Market Size in Frozen Products, by Region, 2021-2026 (Kt)
8.8 Beverages
8.8.1 Natural Spices are Used to Offer Clean-Label Solutions in Beverage Innovation
Table 79 Spices & Seasonings Market Size in Beverages, by Region, 2016-2020 (USD Million)
Table 80 Spices & Seasonings Market Size in Beverages, by Region, 2021-2026 (USD Million)
Table 81 Spices & Seasonings Market Size in Beverages, by Region, 2016-2020 (Kt)
Table 82 Spices & Seasonings Market Size in Beverages, by Region, 2021-2026 (Kt)
8.9 Other Applications
Table 83 Spices & Seasonings Market Size in Other Applications, by Region, 2016-2020 (USD Million)
Table 84 Spices & Seasonings Market Size in Other Applications, by Region, 2021-2026 (USD Million)
Table 85 Spices & Seasonings Market Size in Other Applications, by Region, 2016-2020 (Kt)
Table 86 Spices & Seasonings Market Size in Other Applications, by Region, 2021-2026 (Kt)
9 Spices & Seasonings Market, by Nature
9.1 Introduction
Figure 29 Spices & Seasonings Market Size, by Nature, 2021 Vs. 2026 (USD Million)
Table 87 Spices & Seasonings Market Size, by Nature, 2016-2020 (USD Million)
Table 88 Spices & Seasonings Market Size, by Nature, 2021-2026 (USD Million)
Table 89 Spices & Seasonings Market Size, by Nature, 2016-2020 (Kt)
Table 90 Spices & Seasonings Market Size, by Nature, 2021-2026 (Kt)
9.2 COVID-19 Impact on the Spices & Seasonings Market, by Nature
9.2.1 Optimistic Scenario
Table 91 Optimistic Scenario: COVID-19 Impact on the Spices & Seasonings Market Size, by Nature, 2018-2021 (USD Million)
9.2.2 Pessimistic Scenario
Table 92 Pessimistic Scenario: COVID-19 Impact on the Spices & Seasonings Market Size, by Nature, 2018-2021 (USD Million)
9.2.3 Realistic Scenario
Table 93 Realistic Scenario: COVID-19 Impact on the Spices & Seasonings Market Size, by Nature, 2018-2021 (USD Million)
9.3 Conventional
9.3.1 Conventional Spices are Bulk-Produced and Sold at Lower Costs
Table 94 Conventional Spices & Seasonings Market Size, by Region, 2016-2020 (USD Million)
Table 95 Conventional Spices & Seasonings Market Size, by Region, 2021-2026 (USD Million)
Table 96 Conventional Spices & Seasonings Market Size, by Region, 2016-2020 (Kt)
Table 97 Conventional Spices & Seasonings Market Size, by Region, 2021-2026 (Kt)
9.4 Organic
9.4.1 Organic Spices are Preferred as the Demand for Natural Inputs Increases
Table 98 Organic Spices & Seasonings Market Size, by Region, 2016-2020 (USD Million)
Table 99 Organic Spices & Seasonings Market Size, by Region, 2021-2026 (USD Million)
Table 100 Organic Spices & Seasonings Market Size, by Region, 2016-2020 (Kt)
Table 101 Organic Spices & Seasonings Market Size, by Region, 2021-2026 (Kt)
10 Spices & Seasonings Market, by Region
10.1 Introduction
Table 102 Spices & Seasonings Market Size, by Region,2016-2020 (USD Million)
Table 103 Spices & Seasonings Market Size, by Region, 2021-2026 (USD Million)
Table 104 Spices & Seasonings Market Size, by Region, 2016-2020 (Kt)
Table 105 Spices & Seasonings Market Size, by Region, 2021-2026 (Kt)
10.1.1 COVID-19 Impact on the Spices & Seasonings Market, by Region
10.1.2 Optimistic Scenario
Table 106 Optimistic Scenario: COVID-19 Impact on the Spices & Seasonings Market Size, by Region, 2018-2021 (USD Million)
10.1.3 Pessimistic Scenario
Table 107 Pessimistic Scenario: COVID-19 Impact on the Spices & Seasonings Market Size, by Region, 2018-2021 (USD Million)
10.1.4 Realistic Scenario
Table 108 Realistic Scenario: COVID-19 Impact on the Spices & Seasonings Market Size, by Region, 2018-2021 (USD Million)
Figure 30 Russia is Estimated to Grow at the Highest Growth Rate in the Spices & Seasonings Market, 2021-2026
10.2 North America
Figure 31 North America: Spices & Seasonings Market Snapshot
Table 109 North America: Spices & Seasonings Market Size, by Country, 2016-2020 (USD Million)
Table 110 North America: Spices & Seasonings Market Size, by Country, 2021-2026 (USD Million)
Table 111 North America: Spices & Seasonings Market Size, by Type, 2016-2020 (USD Million)
Table 112 North America: Spices & Seasonings Market Size, by Type, 2021-2026 (USD Million)
Table 113 North America: Spices & Seasonings Market Size, by Type, 2016-2020 (Kt)
Table 114 North America: Spices & Seasonings Market Size, by Type, 2021-2026 (Kt)
Table 115 North America: Spices & Seasonings Market Size, by Application, 2016-2020 (USD Million)
Table 116 North America: Spices & Seasonings Market Size, by Application, 2021-2026 (USD Million)
Table 117 North America: Spices & Seasonings Market Size, by Application, 2016-2020 (Kt)
Table 118 North America: Spices & Seasonings Market Size, by Application, 2021-2026 (Kt)
Table 119 North America: Spices & Seasonings Market Size, by Nature,2016-2020 (USD Million)
Table 120 North America: Spices & Seasonings Market Size, by Nature,2021-2026 (USD Million)
Table 121 North America: Spices & Seasonings Market Size, by Nature, 2016-2020 Kt)
Table 122 North America: Spices & Seasonings Market Size, by Nature, 2021-2026 (Kt)
10.2.1 US
10.2.1.1 Higher Demand for Meat & Poultry Products Drives the Demand for Spices & Seasonings in the Country
Table 123 US: Spices & Seasonings Market Size, by Application, 2016-2020 (USD Million)
Table 124 US: Spices & Seasonings Market Size, by Application, 2021-2026 (USD Million)
Table 125 US: Spices & Seasonings Market Size, by Application, 2016-2020 (Kt)
Table 126 US: Spices & Seasonings Market Size, by Application, 2021-2026 (Kt)
10.2.2 Canada
10.2.2.1 Snacks & Convenience Foods Witness Substantial Growth in the Country, Driving the Demand for Various Spices and Seasonings
Table 127 Canada: Spices & Seasonings Market Size, by Application, 2016-2020 (USD Million)
Table 128 Canada: Spices & Seasonings Market Size, by Application, 2021-2026 (USD Million)
Table 129 Canada: Spices & Seasonings Market Size, by Application,2016-2020 (Kt)
Table 130 Canada: Spices & Seasonings Market Size, by Application, 2021-2026 (Kt)
10.2.3 Mexico
10.2.3.1 Rise in Demand for Processed Food Products Help Drive the Market for Spices & Seasonings
Table 131 Mexico: Spices & Seasonings Market Size, by Application, 2016-2020 (USD Million)
Table 132 Mexico: Spices & Seasonings Market Size, by Application, 2021-2026 (USD Million)
Table 133 Mexico: Spices & Seasonings Market Size, by Application, 2016-2020 (Kt)
Table 134 Mexico: Spices & Seasonings Market Size, by Application, 2021-2026 (Kt)
10.3 Europe
Table 135 Europe: Spices & Seasonings Market Size, by Country, 2016-2020 (USD Million)
Table 136 Europe: Spices & Seasonings Market Size, by Country, 2021-2026 (USD Million)
Table 137 Europe: Spices & Seasonings Market Size, by Country, 2016-2020 (Kt)
Table 138 Europe: Spices & Seasonings Market Size, by Country, 2021-2026 (Kt)
Table 139 Europe: Spices & Seasonings Market Size, by Type,2016-2020 (USD Million)
Table 140 Europe: Spices & Seasonings Market Size, by Type, 2021-2026 (USD Million)
Table 141 Europe: Spices & Seasonings Market Size, by Type, 2016-2020 (Kt)
Table 142 Europe: Spices & Seasonings Market Size, by Type, 2021-2026 (Kt)
Table 143 Europe: Spices & Seasonings Market Size, by Application, 2016-2020 (USD Million)
Table 144 Europe: Spices & Seasonings Market Size, by Application, 2021-2026 (USD Million)
Table 145 Europe: Spices & Seasonings Market Size, by Application, 2016-2020 (Kt)
Table 146 Europe: Spices & Seasonings Market Size, by Application, 2021-2026 (Kt)
Table 147 Europe Spices & Seasonings Market Size, by Nature, 2016-2020 (USD Million)
Table 148 Europe: Spices & Seasonings Market Size, by Nature, 2021-2026 (USD Million)
Table 149 Europe: Spices & Seasonings Market Size, by Nature, 2016-2020 (Kt)
Table 150 Europe: Spices & Seasonings Market Size, by Nature, 2021-2026 (Kt)
10.3.1 Germany
10.3.1.1 Advanced Infrastructure and Strong Distribution Base Make Germany a Key Player in the Spices & Seasonings Market
Table 151 Germany: Spices & Seasonings Market Size, by Application, 2016-2020 (USD Million)
Table 152 Germany: Spices & Seasonings Market Size, by Application, 2021-2026 (USD Million)
Table 153 Germany: Spices & Seasonings Market Size, by Application, 2016-2020 (Kt)
Table 154 Germany: Spices & Seasonings Market Size, by Application, 2021-2026 (Kt)
10.3.2 UK
10.3.2.1 Rise in Demand for Indian Cuisines in the UK Drives the Market
Table 155 UK: Spices & Seasonings Market Size, by Application, 2016-2020 (USD Million)
Table 156 UK: Spices & Seasonings Market Size, by Application, 2021-2026 (USD Million)
Table 157 UK: Spices & Seasonings Market Size, by Application, 2016-2020 (Kt)
Table 158 UK: Spices & Seasonings Market Size, by Application, 2021-2026 (Kt)
10.3.3 France
10.3.3.1 Rare Spices Such as Vanilla are Gaining Higher Traction in France
Table 159 France: Spices & Seasonings Market Size, by Application, 2016-2020 (USD Million)
Table 160 France: Spices & Seasonings Market Size, by Application, 2021-2026 (USD Million)
Table 161 France: Spices & Seasonings Market Size, by Application, 2016-2020 (Kt)
Table 162 France: Spices & Seasonings Market Size, by Application, 2021-2026 (Kt)
10.3.4 Italy
10.3.4.1 Higher Consumption Rate of Traditional Italian Cuisine Drives the Demand for Spices & Seasonings
Table 163 Italy: Spices & Seasonings Market Size, by Application, 2016-2020 (USD Million)
Table 164 Italy: Spices & Seasonings Market Size, by Application, 2021-2026 (USD Million)
Table 165 Italy: Spices & Seasonings Market Size, by Application, 2016-2020 (Kt)
Table 166 Italy: Spices & Seasonings Market Size, by Application, 2021-2026 (Kt)
10.3.5 Spain
10.3.5.1 Surge in Demand for Spices Such as Paprika and Saffron Drives Market Growth in Spain
Table 167 Spain: Spices & Seasonings Market Size, by Application, 2016-2020 (USD Million)
Table 168 Spain: Spices & Seasonings Market Size, by Application, 2021-2026 (USD Million)
Table 169 Spain: Spices & Seasonings Market Size, by Application, 2016-2020 (Kt)
Table 170 Spain: Spices & Seasonings Market Size, by Application, 2021-2026 (Kt)
10.3.6 Russia
10.3.6.1 Higher Dependence on Imported Spices & Seasonings from India, China, and Lithuania
Table 171 Russia: Spices & Seasonings Market Size, by Application, 2016-2020 (USD Million)
Table 172 Russia: Spices & Seasonings Market Size, by Application, 2021-2026 (USD Million)
Table 173 Russia: Spices & Seasonings Market Size, by Application, 2016-2020 (Kt)
Table 174 Russia: Spices & Seasonings Market Size, by Application, 2021-2026 (Kt)
10.3.7 Rest of Europe
Table 175 Rest of Europe: Spices & Seasonings Market Size, by Application, 2016-2020 (USD Million)
Table 176 Rest of Europe: Spices & Seasonings Market Size, by Application, 2021-2026 (USD Million)
Table 177 Rest of Europe: Spices & Seasonings Market Size, by Application, 2016-2020 (Kt)
Table 178 Rest of Europe: Spices & Seasonings Market Size, by Application, 2021-2026 (Kt)
10.4 Asia-Pacific
Figure 32 Asia-Pacific: Spices & Seasonings Market Snapshot
Table 179 Asia-Pacific: Spices & Seasonings Market Size, by Country, 2016-2020 (USD Million)
Table 180 Asia-Pacific: Spices & Seasonings Market Size, by Country, 2021-2026 (USD Million)
Table 181 Asia-Pacific: Spices & Seasonings Market Size, by Country, 2016-2020 (Kt)
Table 182 Asia-Pacific: Spices & Seasonings Market Size, by Country, 2021-2026 (Kt)
Table 183 Asia-Pacific: Spices & Seasonings Market Size, by Type, 2016-2020 (USD Million)
Table 184 Asia-Pacific: Spices & Seasonings Market Size, by Type, 2021-2026 (USD Million)
Table 185 Asia-Pacific: Spices & Seasonings Market Size, by Type, 2016-2020 (Kt)
Table 186 Asia-Pacific: Spices & Seasonings Market Size, by Type, 2021-2026 (Kt)
Table 187 Asia-Pacific: Spices & Seasonings Market Size, by Application, 2016-2020 (USD Million)
Table 188 Asia-Pacific: Spices & Seasonings Market Size, by Application, 2021-2026 (USD Million)
Table 189 Asia-Pacific: Spices & Seasonings Market Size, by Application, 2016-2020 (Kt)
Table 190 Asia-Pacific: Spices & Seasonings Market Size, by Application, 2021-2026 (Kt)
Table 191 Asia-Pacific: Spices & Seasonings Market Size, by Nature, 2016-2020 (USD Million)
Table 192 Asia-Pacific: Spices & Seasonings Market Size, by Nature, 2021-2026 (USD Million)
Table 193 Asia-Pacific: Spices & Seasonings Market Size, by Nature, 2016-2020 Kt)
Table 194 Asia-Pacific: Spices & Seasonings Market Size, by Nature, 2021-2026 (Kt)
10.4.1 China
10.4.1.1 Rise in Demand for Premium Ethnic Food Drives Market Growth in China
Table 195 China: Spices & Seasonings Market Size, by Application, 2016-2020 (USD Million)
Table 196 China: Spices & Seasonings Market Size, by Application, 2021-2026 (USD Million)
Table 197 China: Spices & Seasonings Market Size, by Application, 2016-2020 (Kt)
Table 198 China: Spices & Seasonings Market Size, by Application, 2021-2026 (Kt)
10.4.2 India
10.4.2.1 The Country Assumes Dominance in Terms of Production as Well as Consumption of Spices in the Global Market
Table 199 India: Spices & Seasonings Market Size, by Application, 2016-2020 (USD Million)
Table 200 India: Spices & Seasonings Market Size, by Application, 2021-2026 (USD Million)
Table 201 India: Spices & Seasonings Market Size, by Application, 2016-2020 (Kt)
Table 202 India: Spices & Seasonings Market Size, by Application, 2021-2026 (Kt)
10.4.3 Japan
10.4.3.1 Ginger and Garlic Gain Higher Level of Traction in the Country
Table 203 Japan: Spices & Seasonings Market Size, by Application, 2016-2020 (USD Million)
Table 204 Japan: Spices & Seasonings Market Size, by Application, 2021-2026 (USD Million)
Table 205 Japan: Spices & Seasonings Market Size, by Application, 2016-2020 (Kt)
Table 206 Japan: Spices & Seasonings Market Size, by Application, 2021-2026 (Kt)
10.4.4 Australia & New Zealand
10.4.4.1 The Countries Play a Pivotal Role in the Trade of Spices & Seasonings
Table 207 Australia & New Zealand: Spices & Seasonings Market Size, by Application, 2016-2020 (USD Million)
Table 208 Australia & New Zealand: Spices & Seasonings Market Size,By Application, 2021-2026 (USD Million)
Table 209 Australia & New Zealand: Spices & Seasonings Market Size, by Application, 2016-2020 (Kt)
Table 210 Australia & New Zealand: Spices & Seasonings Market Size, by Application, 2021-2026 (Kt)
10.4.5 Rest of Asia-Pacific
Table 211 Rest of Asia-Pacific: Spices & Seasonings Market Size, by Application, 2016-2020 (USD Million)
Table 212 Rest of Asia-Pacific: Spices & Seasonings Market Size, by Application, 2021-2026 (USD Million)
Table 213 Rest of Asia-Pacific: Spices & Seasonings Market Size, by Application, 2016-2020 (Kt)
Table 214 Rest of Asia-Pacific: Spices & Seasonings Market Size, by Application, 2021-2026 (Kt)
10.5 South America
Table 216 South America: Spices & Seasonings Market Size, by Country, 2021-2026 (USD Million)
Table 217 South America: Spices & Seasonings Market Size, by Country, 2016-2020 (Kt)
Table 218 South America: Spices & Seasonings Market Size, by Country, 2021-2026 (Kt)
Table 219 South America: Spices & Seasonings Market Size, by Type, 2016-2020 (USD Million)
Table 220 South America: Spices & Seasonings Market Size, by Type, 2021-2026 (USD Million)
Table 221 South America: Spices & Seasonings Market Size, by Type, 2016-2020 (Kt)
Table 222 South America: Spices & Seasonings Market Size, by Type, 2021-2026 (Kt)
Table 223 South America: Spices & Seasonings Market Size, by Application, 2016-2020 (USD Million)
Table 224 South America: Spices & Seasonings Market Size, by Application, 2021-2026 (USD Million)
Table 225 South America: Spices & Seasonings Market Size, by Application, 2016-2020 (Kt)
Table 226 South America: Spices & Seasonings Market Size, by Application, 2021-2026 (Kt)
Table 227 South America: Spices & Seasonings Market Size, by Nature, 2016-2020 (USD Million)
Table 228 South America: Spices & Seasonings Market Size, by Nature, 2021-2026 (USD Million)
Table 229 South America: Spices & Seasonings Market Size, by Nature, 2016-2020 Kt)
Table 230 South America: Spices & Seasonings Market Size, by Nature, 2021-2026 (Kt)
10.5.1 Brazil
10.5.1.1 The Growth in the Food Processing Industry in the Country is Expected to Drive the Market for Spices & Seasonings
Table 231 Brazil: Spices & Seasonings Market Size, by Application, 2016-2020 (USD Million)
Table 232 Brazil: Spices & Seasonings Market Size, by Application, 2021-2026 (USD Million)
Table 233 Brazil: Spices & Seasonings Market Size, by Application, 2016-2020 (Kt)
Table 234 Brazil: Spices & Seasonings Market Size, by Application, 2021-2026 (Kt)
10.5.2 Argentina
10.5.2.1 The Increase in the Use of Spices in Meat Recipes are Expected to Drive the Market in Argentina
Table 235 Argentina: Spices & Seasonings Market Size, by Application, 2016-2020 (USD Million)
Table 236 Argentina: Spices & Seasonings Market Size, by Application, 2021-2026 (USD Million)
Table 237 Argentina: Spices & Seasonings Market Size, by Application, 2016-2020 (Kt)
Table 238 Argentina: Spices & Seasonings Market Size, by Application, 2021-2026 (Kt)
10.5.3 Chile
10.5.3.1 The Increase in the Use of Spices in Different Chilean Beverages is Expected to Increase Its Usage
Table 239 Chile: Spices & Seasonings Market Size, by Application, 2016-2020 (USD Million)
Table 240 Chile: Spices & Seasonings Market Size, by Application, 2021-2026 (USD Million)
Table 241 Chile: Spices & Seasonings Market Size, by Application, 2016-2020 (Kt)
Table 242 Chile: Spices & Seasonings Market Size, by Application, 2021-2026 (Kt)
10.5.4 Rest of South America
Table 243 Rest of South America: Spices & Seasonings Market Size, by Application, 2016-2020 (USD Million)
Table 244 Rest of South America: Spices & Seasonings Market Size, by Application, 2021-2026 (USD Million)
Table 245 Rest of South America: Spices & Seasonings Market Size, by Application, 2016-2020 (Kt)
Table 246 Rest of South America: Spices & Seasonings Market Size,By Application, 2021-2026 (Kt)
10.6 Rest of World (RoW)
Table 247 RoW: Spices & Seasonings Market Size, by Region, 2016-2020 (USD Million)
Table 248 RoW: Spices & Seasonings Market Size, by Region, 2021-2026 (USD Million)
Table 249 RoW: Spices & Seasonings Market Size, by Region, 2016-2020 (Kt)
Table 250 RoW: Spices & Seasonings Market Size, by Region, 2021-2026 (Kt)
Table 251 RoW: Spices & Seasonings Market Size, by Type, 2016-2020 (USD Million)
Table 252 RoW: Spices & Seasonings Market Size, by Type, 2021-2026 (USD Million)
Table 253 RoW: Spices & Seasonings Market Size, by Type,2016-2020 (Kt)
Table 254 RoW: Spices & Seasonings Market Size, by Type, 2021-2026 (Kt)
Table 255 RoW: Spices & Seasonings Market Size, by Application, 2016-2020 (USD Million)
Table 256 RoW: Spices & Seasonings Market Size, by Application, 2021-2026 (USD Million)
Table 257 RoW: Spices & Seasonings Market Size, by Application, 2016-2020 (Kt)
Table 258 RoW: Spices & Seasonings Market Size, by Application, 2021-2026 (Kt)
Table 259 RoW: Spices & Seasonings Market Size, by Nature, 2016-2020 (USD Million)
Table 260 RoW: Spices & Seasonings Market Size, by Nature, 2021-2026 (USD Million)
Table 261 RoW: Spices & Seasonings Market Size, by Nature, 2016-2020 Kt)
Table 262 RoW: Spices & Seasonings Market Size, by Nature, 2021-2026 (Kt)
10.6.1 Middle East
10.6.1.1 The Use of Various Unique Spices to Flavor Middle Eastern Dishes is Expected to Drive the Market in the Region
Table 263 Middle East: Spices & Seasonings Market Size, by Application, 2016-2020 (USD Million)
Table 264 Middle East: Spices & Seasonings Market Size, by Application, 2021-2026 (USD Million)
Table 265 Middle East: Spices & Seasonings Market Size, by Application, 2016-2020 (Kt)
Table 266 Middle East: Spices & Seasonings Market Size, by Application, 2021-2026 (Kt)
10.6.2 Africa
10.6.2.1 The Use of Different Spice Marinades for the Preparation of Sausages and Meat is Expected to Propel the Market in Africa
Table 267 Africa: Spices & Seasonings Market Size, by Application, 2016-2020 (USD Million)
Table 268 Africa: Spices & Seasonings Market Size, by Application, 2021-2026 (USD Million)
Table 269 Africa: Spices & Seasonings Market Size, by Application, 2016-2020 (Kt)
Table 270 Africa: Spices & Seasonings Market Size, by Application, 2021-2026 (Kt)
11 Competitive Landscape
11.1 Overview
11.2 Market Share Analysis, 2020
Table 271 McCormick & Company Dominate the Spices & Seasonings Market in 2020
Figure 33 Revenue Analysis of Key Players in the Spices & Seasonings Market, 2018-2020 (USD Million)
11.3 Company Evaluation Matrix: Definition & Methodology (Key Players)
11.3.1 Stars
11.3.2 Emerging Leaders
11.3.3 Pervasive Players
11.3.4 Participants
Figure 34 Spices & Seasonings Market: Company Evaluation Quadrant, 2020 (Key Players)
11.4 Company Evaluation Matrix: Definition & Methodology (Start-Ups/SMEs)
11.4.1 Progressive Companies
11.4.2 Starting Blocks
11.4.3 Responsive Companies
11.4.4 Dynamic Companies
Figure 35 Spices & Seasonings Market: Company Evaluation Quadrant, 2020 (Start-Ups/SMEs)
11.5 Product Footprint
Table 272 Spices & Seasonings Market: Company Type Footprint (By Parameters)
Table 273 Spices & Seasonings Market: Company Region Footprint
Table 274 Spices & Seasonings Market: Product Footprint (Overall)
11.6 Market Evaluation Framework
Table 275 Overview of Strategies Deployed by Spices & Seasonings Companies
11.6.1 Deals
Table 276 Spices & Seasonings Market: Deals, January 2018-February 2021
11.6.2 Others
Table 277 Spices & Seasonings Market: Others, January 2018-February 2021
12 Company Profiles
12.1 Key Players
(Business Overview, Products Offered, Recent Developments, Analyst's View)*
12.1.1 McCormick & Company, Inc.
Table 278 McCormick & Company, Inc.: Business Overview
Figure 36 McCormick & Company, Inc.: Company Snapshot
Table 279 McCormick & Company, Inc.: Deals
12.1.2 Olam International
Table 280 Olam International: Business Overview
Figure 37 Olam International: Company Snapshot
Table 281 Olam International: Deals
12.1.3 Ajinomoto Co. Inc
Table 282 Ajinomoto Co. Inc: Business Overview
Figure 38 Ajinomoto Co. Inc: Company Snapshot
Table 283 Ajinomoto Co. Inc: Others
12.1.4 Associated British Foods plc
Table 284 Associated British Foods plc: Business Overview
Figure 39 Associated British Foods plc: Company Snapshot
12.1.5 Kerry Group plc
Table 285 Kerry Group plc: Business Overview
Figure 40 Kerry Group plc: Company Snapshot
Table 286 Kerry Group plc: Deals
12.1.6 Ariake Japan Co. Ltd.
Table 287 Ariake Japan Co. Ltd.: Business Overview
Figure 41 Ariake Japan Co. Ltd.: Company Snapshot
12.1.7 Sensient Technologies Corporation
Table 288 Sensient Technologies Corporation: Business Overview
Figure 42 Sensient Technologies Corporation: Company Snapshot
Table 289 Sensient Technologies Corporation: Deals
12.1.8 Döhler Group
Table 290 Döhler Group: Business Overview
12.1.9 SHS Group
Table 291 SHS Group: Business Overview
12.1.10 Worlée Gruppe
Table 292 Worlée Group: Business Overview
12.1.11 Pacific Spice Company
Table 293 Pacific Spice Company: Business Overview
12.1.12 Paras Spices Private Limited
Table 294 Paras Spices Private Limited: Business Overview
12.1.13 VKL Seasonings Pvt. Ltd.
Table 295 VKL Seasonings Pvt. Ltd.: Business Overview
12.1.14 Friedrich Ingredients
Table 296 Friedrich Ingredients: Business Overview
12.1.15 Moguntia Food Group AG
Table 297 Moguntia Food Group AG: Business Overview
*Details on Business Overview, Products Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies.
12.2 Other Players
12.2.1 Spice Home Company
12.2.2 Shama Spices
12.2.3 Everest Food Products Pvt. Ltd
12.2.4 Elite Spices
12.2.5 Terana, S.A.
13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: The Subscription Portal
13.3 Available Customizations
13.3.1 Segment Analysis
13.3.1.1 Geographic Analysis
13.3.1.2 Company Information

Companies Mentioned

  • Ajinomoto Co. Inc
  • Ariake Japan Co. Ltd.
  • Associated British Foods plc
  • Döhler Group
  • Elite Spices
  • Everest Food Products Pvt. Ltd
  • Friedrich Ingredients
  • Kerry Group plc
  • McCormick & Company, Inc.
  • Moguntia Food Group AG
  • Olam International
  • Pacific Spice Company
  • Paras Spices Private Limited
  • Sensient Technologies Corporation
  • Shama Spices
  • SHS Group
  • Spice Home Company
  • Terana, S.A.
  • VKL Seasonings Pvt. Ltd.
  • Worlée Gruppe

Methodology

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Table Information

Report AttributeDetails
No. of Pages279
PublishedAugust 2021
Forecast Period2021 - 2026
Estimated Market Value ( USD ) in 2021 $ 21.3 Billion
Forecasted Market Value ( USD ) by 2026 $ 27.4 Billion
Compound Annual Growth Rate5.2%
Regions CoveredGlobal
No. of Companies Mentioned20

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