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US Spices and Herbs Market Size and Forecast 2021 - 2031, Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type, Category, Form, End Use, and Region

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    Report

  • 110 Pages
  • June 2024
  • Region: United States
  • The Insight Partners
  • ID: 5982887
UP TO OFF until Dec 31st 2024
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 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 Publisher
List of Tables
Table 1. US Spices and Herbs Market Segmentation
Table 2. List of Potential Customers
Table 3. Average Price Range - by Type (2023)
Table 4. US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
Table 5. US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million) - by Type
Table 6. US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million) - by Category
Table 7. US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million) - by Form
Table 8. US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million) - by End Use
Table 9. US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million) - by Region
Table 10. Northeast: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million) - by Type
Table 11. Northeast: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million) - by Category
Table 12. Northeast: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million) - by Form
Table 13. Northeast: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million) - by End Use
Table 14. Southwest: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million) - by Type
Table 15. Southwest: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million) - by Category
Table 16. Southwest: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million) - by Form
Table 17. Southwest: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million) - by End Use
Table 18. West: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million) - by Type
Table 19. West: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million) - by Category
Table 20. West: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million) - by Form
Table 21. West: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million) - by End Use
Table 22. Southeast: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million) - by Type
Table 23. Southeast: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million) - by Category
Table 24. Southeast: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million) - by Form
Table 25. Southeast: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million) - by End Use
Table 26. Midwest: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million) - by Type
Table 27. Midwest: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million) - by Category
Table 28. Midwest: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million) - by Form
Table 29. Midwest: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million) - by End Use
List of Figures
Figure 1. US Spices and Herbs Market Segmentation, by Region
Figure 2. Porters Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. US Spices and Herbs Market Revenue (US$ Million), 2021-2031
Figure 5. US Spices and Herbs Market Share (%) - by Type, 2023 and 2031
Figure 6. Bay Leaves: US Spices and Herbs Market- Revenue and Forecast to 2031 (US$ Million)
Figure 7. Basil: US Spices and Herbs Market- Revenue and Forecast to 2031 (US$ Million)
Figure 8. Pepper: US Spices and Herbs Market- Revenue and Forecast to 2031 (US$ Million)
Figure 9. Chilies: US Spices and Herbs Market- Revenue and Forecast to 2031 (US$ Million)
Figure 10. Cumin: US Spices and Herbs Market- Revenue and Forecast to 2031 (US$ Million)
Figure 11. Coriander: US Spices and Herbs Market- Revenue and Forecast to 2031 (US$ Million)
Figure 12. Garlic: US Spices and Herbs Market- Revenue and Forecast to 2031 (US$ Million)
Figure 13. Nutmeg: US Spices and Herbs Market- Revenue and Forecast to 2031 (US$ Million)
Figure 14. Turmeric: US Spices and Herbs Market- Revenue and Forecast to 2031 (US$ Million)
Figure 15. Fennel Seeds: US Spices and Herbs Market- Revenue and Forecast to 2031 (US$ Million)
Figure 16. Cinnamon: US Spices and Herbs Market- Revenue and Forecast to 2031 (US$ Million)
Figure 17. Others: US Spices and Herbs Market- Revenue and Forecast to 2031 (US$ Million)
Figure 18. US Spices and Herbs Market Share (%) - by Category, 2023 and 2031
Figure 19. Conventional: US Spices and Herbs Market- Revenue and Forecast to 2031 (US$ Million)
Figure 20. Organic: US Spices and Herbs Market- Revenue and Forecast to 2031 (US$ Million)
Figure 21. US Spices and Herbs Market Share (%) - by Form, 2023 and 2031
Figure 22. Whole: US Spices and Herbs Market- Revenue and Forecast to 2031 (US$ Million)
Figure 23. Powder / Ground: US Spices and Herbs Market- Revenue and Forecast to 2031 (US$ Million)
Figure 24. Flakes: US Spices and Herbs Market- Revenue and Forecast to 2031 (US$ Million)
Figure 25. US Spices and Herbs Market Share (%) - by End Use, 2023 and 2031
Figure 26. Food Processing: US Spices and Herbs Market- Revenue and Forecast to 2031 (US$ Million)
Figure 27. Food Retail: US Spices and Herbs Market- Revenue and Forecast to 2031 (US$ Million)
Figure 28. Food Service: US Spices and Herbs Market- Revenue and Forecast to 2031 (US$ Million)
Figure 29. US Spices and Herbs Market Breakdown by Key Region, 2023 and 2031 (%)
Figure 30. Northeast: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
Figure 31. Southwest: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
Figure 32. West: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
Figure 33. Southeast: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
Figure 34. Midwest: US Spices and Herbs Market - Revenue and Forecast to 2031 (US$ Million)
Figure 35. Heat Map Analysis
Figure 36. Company Positioning and Concentration

Companies Mentioned

  • 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
  • Harris Spice

Table Information