Press Release

Rising Interest in Convenient Foods Spurs Spices & Seasonings Market Growth

According to MarkNtel Advisors, the Global Spices and Seasonings Market is set to record around 5.1% CAGR during 2023-28. The changing dietary patterns of consumers, the growing proliferation of ethnic cuisines and indigenous spices & seasoning products, coupled with the mounting demand for spices & seasonings to produce various processed foods & bottled beverages, as well as the rising consumer inclination toward convenience food & beverages, are the prime aspects projected to drive the market in the forecast period. In addition, the surging demand for spices & seasonings as preservatives & antibacterial agents to increase the shelf-life of various fermented foods & beverages and the increased health consciousness among consumers after the Covid-19 pandemic are other notable factors expected to stimulate the growth of the market in the future.

A large number of consumers worldwide are into trying new cuisines & flavor-packed dishes prepared with different spices & seasonings, which are being used as natural preservatives to reduce microbial activity and preserve the quality of meat & poultry products. Moreover, as spices & seasonings are high in antioxidants and exhibit medicinal properties that aid in the treatment of a variety of ailments, they are set to witness a continuously increasing demand in the coming years, which, in turn, would propel the overall market expansion.

Powdered Spices & Seasonings are the Prominent Market Share Holders

Powdered spices & seasonings are being excessively utilized in several food service outlets worldwide in order to boost the flavor, taste, & color of prepared foods. As numerous consumers globally prefer hot & spicy meals, more and more restaurants, hotels, & cafes are including powdered spices & seasonings in their offerings. For instance, chili powder is in high demand, especially in countries that largely consume meat, as professionals can extract oil & oleoresin from chilies and then turn them into powdered spices. These aspects are augmenting the demand for powdered spices & seasonings and, in turn, fueling the overall market growth.gypt, South Africa, China, India, Japan, South Korea, Australia)

Asia-Pacific Spices and Seasonings Market to Witness Notable Growth through 2028

Across Asia-Pacific, India, China, & Vietnam are witnessing the rapidly expanding food processing industry, one the largest consumers & producers of spices globally. Coupled with this are changing taste preferences of people owing to their growing income levels & interest in traditional dishes. Hence, as more & more people are becoming aware of the medicinal benefits of spices as well as the consequences of chemicals & additives in food & beverages, organic spices are gaining immense popularity, to cater to which manufacturers are introducing herbs free of pesticides & other harmful chemicals. Furthermore, the ever-increasing penetration of Italian & French foods in many countries worldwide is another notable aspect projected to propel the spices and seasonings market across Asia-Pacific.

Competitive Landscape

The key companies in the Global Spices and Seasonings Market include Moguntia Food Group, Associated British Food PLC, Olam International, McCormick & Company, Inc., Ajinomoto Co., Inc., Paras Spices Private Limited, Worlee Gruppe, Dohler Group, Friedrich Ingredients, Kerry Group PLC, ARIAKE Japan Co. Ltd., Pacific Spice Company, Sensient Technologies Corporation, SHS Group, and VKL Seasonings Pvt. Ltd.

Key Questions Answered in the Research Report:

1. What are the current & future trends in the Global Spices and Seasonings Market?
2. How has the industry been evolving in terms of geography & product adoption?
3. How has the competition been shaping across various countries, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the Global Spices and Seasonings Market?
5. What are the customer orientation, purchase behavior, and expectations from the key companies operating in the Global Spices and Seasonings Market?

Market Segmentation:

1. By Type (Pepper, Chili, Ginger, Cinnamon, Turmeric, Nutmeg & Mace, Cardamom, Cloves, Others (Capsicum, Coriander))
2. By Nature (Conventional, Organic)
3. By Form (Whole, Powder)
4. By Application (Meat & Poultry, Bakery & Confectionery, Frozen Foods, Snacks & Convenience Foods, Others (Beverages, Soups, Sauces, & Dressings))
5. By Distribution Channel (B2B, Online, Offline (Supermarkets & Hypermarkets, Exclusive Stores, Small Retail Outlets))
6. By End-User (Industrial, Commercial, Residential)
7. By Region (North America, South America, Europe, Middle East & Africa, Asia- Pacific)
8. By Country (The US, Canada, Mexico, Brazil, Argentina, Germany, Spain, The UK, France, Russia, Italy, Saudi Arabia, the UAE, Turkey, E