Seasoning and Spices Market: Global Industry Analysis and Forecast (2021-2027) by Type, Application and Region

Seasoning and Spices Market size was valued at US$ 17.12 Billion in 2020 and the total revenue is expected to grow at 4.55% through 2021 to 2027, reaching nearly US$ 23.38 Billion.

Seasoning and Spices Market Overview:

Seasoning and Spices have played an important role in the lives of people of the world since a long time. Spices and seasonings are parts of plants that are usually used to add taste, flavor, color and fragrance to food and beverages. Demand for organic spices around the world is becoming high nowadays. China, India, and Vietnam are the largest exporters of Seasoning and spices at a global level. Spices, such as cumin, clove and cinnamon are having antimicrobial and antioxidant properties therefore it is used as preservatives in many foods namely in processed meat. It is also used as a medicine. Some spices are used as antioxidants useful in treating several diseases and health problems. Most widely Turmeric is used as an antioxidant to prevent illnesses, such as Alzheimer’s, joint inflammation, and cancer. Cumin seeds contain antiseptic characteristics which are used to boost the immune system. Many Pharmaceuticals manufacturing units are using these seasoning and spices for making medicinal and beauty products. Seasoning and Spices Market To know about the Research Methodology :- Request Free Sample Report During the pandemic, turmeric, ginger, and garlic have received tremendous responses from consumers, globally because of their antioxidants properties. The supply chain of the Seasoning and Spices Market was disturbed in 2020 due to raw material and labor shortages in the spice industry but the lockdown restrictions encouraged consumers to experiment with different foods across their homes, which leads to increased demand for Seasoning and spices. The objective of the report is to present a comprehensive analysis of the Seasoning and Spices Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Seasoning and Spices Market dynamics, structure by analyzing the market segments and projecting the Seasoning and Spices Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Seasoning and Spices Market make the report investor’s guide.

Seasoning and Spices Market Dynamics:

Spice industries across the globe are going towards automation in their operations to enhance food safety and labor safety and to increase production. Rapid quality testing tools and techniques are adopted by industries to provide good qualities of Seasoning and Spices to the consumers. Rising Demand for Organic Spices in Europe is Accelerating the Growth of the market. Nowadays people are becoming foodies. They want different spices to taste in their food. The rising interest in fascinating cooking styles and demand for varieties of tastes in food are the key factors for driving the Seasoning and Spices Market. Globalization is influencing the market with the higher entrance of spices and seasoning around the world. Nowadays Powdered spices in air-tight packaging material are in huge demand. Rise in the number of working women as increase in urbanization, Women are using readymade spices to reduced the time of cooking. Therefore, homemakers have started demanding readymade spice powder that includes chili powder, cumin powder, black pepper powder, turmeric powder. This is expected to grow the market rate during the forecast period. There are some spices and seasoning in the market which are expensive because they undergo various processes before being sold. so many peoples buy loose spices from local stores which can cause serious damages to their health such as food poisoning. This adulteration of spices is a restraint for the market growth. Logistics and transportation are the major challenges faced by the region on its path to becoming a major player in the Seasoning and Spices export market globally.

Seasoning and Spices Market Segment Analysis:

By type, the Chili segment is expected to grow at a CAGR of 5.2 % during this forecast period. Chilli is majorly produced in the Asia Pacific region. Various ethnic cuisines use a combination of chili flavors in their food which increases the demand of this segment during the forecast period. The pepper segment is leading the type of spice due to its high demand among food and beverage manufacturing units. The pepper segment is estimated to witness a CAGR of 6.1% from 2020 to 2027. It is one of the most valued spices among the other types. Seasoning and Spices MarketBy Application, the snacks and convenience food segment is expected to dominate the market due to the high rise in the consumption of snack items in several countries. snacks and convenience food segment expected to grow at a CAGR of 5.6% during the forecast period.

Seasoning and Spices Market Regional Insights:

In the North American region, Seasoning and Spices Market is expected to grow at a value of USD 7.38 Billion in 2020.countries such as the U.S, Canada and Mexico witnessing the highest growth in the demand for Spices and seasoning due to the rising inclination of consumers towards Asian cuisines such as Indian, Chinese and Thai. Asia Pacific region is expected to increase at the highest rate Because of the growing development of the food processing sector. India is the world's greatest producer and user of spices of all types.

Seasoning and Spices Market Scope: Inquire before buying

Global Seasoning and Spices Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 17.12 Bn.
Forecast Period 2021 to 2027 CAGR: 4.55% Market Size in 2027: US $ 23.38 Bn.
Segments Covered: by Type • Pepper • Chilli • Ginger • Cinnamon • Cumin • Turmeric • Nutmeg and Mace • Cardamom • Cloves • Others
by Application • Meat and Poultry • Bakery and Confectionery • Frozen Food • Snacks and Convenience Food • Others

Seasoning and Spices Market, by Region

• North America • Europe • Asia Pacific • The Middle East and Africa • South America

Seasoning and Spices Market Key Players

• Mc Cormick & 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). FAQs: 1. What are the drivers of the Seasoning and Spices Market? Ans. Nowadays people are becoming foodies. They want different spices to taste in their food. The rising interest in fascinating cooking styles and demand for varieties of tastes in food are the key factors for driving the Seasoning and Spices Market. 2. What is the restraint in Seasoning and Spices Market during the forecast period? Ans. There are some spices and seasoning in the market which are expensive because they undergo various processes before being sold. so many peoples buy loose spices from local stores which can cause serious damages to their health such as food poisoning. This adulteration of spices is a restraint for the market growth. 3. What is the projected market size & growth rate of the Seasoning and Spices Market? Ans. Seasoning and Spices Market size was valued at US$ 17.12 Billion in 2020 and the total revenue is expected to grow at 4.55% through 2021 to 2027, reaching nearly US$ 23.38 Billion. 4. What segments are covered in the Seasoning and Spices Market report? Ans. The segments covered are Type, Application and Region.
1. Seasoning and Spices Market: Research Methodology 2. Seasoning and Spices Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Seasoning and Spices Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Seasoning and Spices Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Seasoning and Spices Market Segmentation 4.1. Seasoning and Spices Market, by Type (2020-2027) • Pepper • Chilli • Ginger • Cinnamon • Cumin • Turmeric • Nutmeg and Mace • Cardamom • Cloves • Others 4.2. Seasoning and Spices Market, by Application (2020-2027) • Meat and Poultry • Bakery and Confectionery • Frozen Food • Snacks and Convenience Food • Others 5. North America Seasoning and Spices Market(2020-2027) 5.1 North American Seasoning and Spices Market, By Type (2020-2027) • Pepper • Chilli • Ginger • Cinnamon • Cumin • Turmeric • Nutmeg and Mace • Cardamom • Cloves • Others 5.2 North America Seasoning and Spices Market, By Application (2020-2027) • Meat and Poultry • Bakery and Confectionery • Frozen Food • Snacks and Convenience Food • Others 5.3 North America Seasoning and Spices Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Seasoning and Spices Market (2020-2027) 6.1. Asia Pacific Seasoning and Spices Market, By Type (2020-2027) 6.2. Asia Pacific Seasoning and Spices Market, By Application (2020-2027) 6.2. Asia Pacific Seasoning and Spices Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Seasoning and Spices Market (2020-2027) 7.1. Middle East and Africa Seasoning and Spices Market, By Type (2020-2027) 7.2. Middle East and Africa Seasoning and Spices Market, By Application (2020-2027) 7.3. Middle East and Africa Seasoning and Spices Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Seasoning and Spices Market (2020-2027) 8.1. Latin America Seasoning and Spices Market, By Type (2020-2027) 8.2. Latin America Seasoning and Spices Market, By Application (2020-2027) 8.3 Latin America Seasoning and Spices Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Seasoning and Spices Market (2020-2027) 9.1. European Seasoning and Spices Market, By Type (2020-2027) 9.2. European Seasoning and Spices Market, By Application (2020-2027) 9.3 European Seasoning and Spices Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1 McCormick & CompanyInc. (US) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Olam International (Singapore) 10.3 Ajinomoto Co. Inc. (Japan) 10.4 Associated British Foods plc (UK) 10.5 Kerry Group plc (Ireland) 10.6 Sensient Technologies Corporation (US) 10.7 Döhler Group (Germany) 10.8 SHS Group (Ireland) 10.9 Worlée Gruppe (Germany).

About This Report

Report ID 103561
Category Food & Beverages
Published Date May 2021
Updated Date Feb 2022
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