A spice is a dried seed, fruit, root, bark, or vegetable substance primarily used for flavoring, coloring or preserving food. Because they tend to have strong flavors and are used in small quantities, spices tend to add few calories to food. Many spices, however, can contribute significant portions of micronutrients to the diet.
According to our (Global Info Research) latest study, the global Spices and Seasonings market size was valued at USD 18720 million in 2022 and is forecast to a readjusted size of USD 25960 million by 2029 with a CAGR of 4.8% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Spices and Seasonings key players include Nestle, JDE, The Kraft Heinz, Tata Global Beverages, Unilever, etc. Global top five manufacturers hold a share over 40%.
China is the largest market, with a share over 20%, followed by Europe and India, both have a share over 30% percent.
In terms of product, Aromatic Spices is the largest segment, with a share over 40%. And in terms of application, the largest application is Food Processing Industry, followed by Catering Industry.
This report is a detailed and comprehensive analysis for global Spices and Seasonings market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Spices and Seasonings market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2018-2029
Global Spices and Seasonings market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2018-2029
Global Spices and Seasonings market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2018-2029
Global Spices and Seasonings market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Spices and Seasonings
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Spices and Seasonings market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include McCormick, Unilever, Ajinomoto, Ariake and Kerry Plc. (Ireland), etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Spices and Seasonings market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Salt & Salt Substitutes
Hot Spices
Aromatic Spices
Others
Market segment by Application
Food Processing Industry
Catering Industry
Household
Others
Major players covered
McCormick
Unilever
Ajinomoto
Ariake
Kerry Plc. (Ireland)
Olam International
Everest Spices
Zhumadian Wang Shouyi
MDH Spices
Catch(DS )
Nestle
Brucefoods
Sensient Technologies (U.S.)
Ankee Food
Haitian
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Spices and Seasonings product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Spices and Seasonings, with price, sales, revenue and global market share of Spices and Seasonings from 2018 to 2023.
Chapter 3, the Spices and Seasonings competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Spices and Seasonings breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Spices and Seasonings market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Spices and Seasonings.
Chapter 14 and 15, to describe Spices and Seasonings sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Spices and Seasonings . Industry analysis & Market Report on Spices and Seasonings is a syndicated market report, published as Global Spices and Seasonings Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029. It is complete Research Study and Industry Analysis of Spices and Seasonings market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.