Press Release

With a Steady CAGR of Around 6.1%, the Global Spices and Seasonings Market to Reach USD49.5 Billion Mark by 2030

The Global Spices and Seasonings Market size was valued at around USD 29.5 Billion in 2024 and is expected to reach USD 49.5 Billion by 2030. Along with this, the market is projected to grow at a CAGR of around 6.1% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. This flourishing growth is further attributed to the paradigm shift in consumer taste preferences, the mounting popularity of ethnic cuisines, and globalization, i.e., portraying the increasing penetration of indigenous spices & seasoning products worldwide. Additionally, the rapid rise in health consciousness among consumers has also boded well for the overall market expansion, as spices & seasonings are high in antioxidants and exhibit medicinal properties that aid in the treatment of a variety of ailments.

The rising impact of spice adulteration for maximizing profits discourages the demand for exotic herbs and spices. Spices and herbs can be swapped with other plants or artificial colors, and unlisted flavoring can be added. Therefore, restricting the growth of the spices and seasonings market globally. However, the rising working women population led to greater demand for convenience and ready-to-eat food products such as snacks, dips, and sauces, further propelling the demand for processed food, as well as influencing the growth of the spices and seasonings industry.

Furthermore, the rising consumption of healthy herbal teas to soothe nerves and enhance metabolism & digestion and the incorporation of spices like ginger & turmeric in nutraceutical & dietary supplements by manufacturers, coupled with the active participation of industry participants in manufacturing premium quality spice blends with enhanced aroma & flavor to cater to the growing demand for exotic dishes, are also projected to spur growth in the global market, further states the research report, “Global Spices and Seasonings Market Analysis, 2025.”

The Global Spices and Seasonings Market size was valued at around USD 29.5 Billion in 2024 and is expected to reach USD 49.5 Billion by 2030. Along with this, the market is projected to grow at a CAGR of around 6.1% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. This flourishing growth is further attributed to the paradigm shift in consumer taste preferences, the mounting popularity of ethnic cuisines, and globalization, i.e., portraying the increasing penetration of indigenous spices & seasoning products worldwide. Additionally, the rapid rise in health consciousness among consumers has also boded well for the overall market expansion, as spices & seasonings are high in antioxidants and exhibit medicinal properties that aid in the treatment of a variety of ailments.

The rising impact of spice adulteration for maximizing profits discourages the demand for exotic herbs and spices. Spices and herbs can be swapped with other plants or artificial colors, and unlisted flavoring can be added. Therefore, restricting the growth of the spices and seasonings market globally. However, the rising working women population led to greater demand for convenience and ready-to-eat food products such as snacks, dips, and sauces, further propelling the demand for processed food, as well as influencing the growth of the spices and seasonings industry.

Furthermore, the rising consumption of healthy herbal teas to soothe nerves and enhance metabolism & digestion and the incorporation of spices like ginger & turmeric in nutraceutical & dietary supplements by manufacturers, coupled with the active participation of industry participants in manufacturing premium quality spice blends with enhanced aroma & flavor to cater to the growing demand for exotic dishes, are also projected to spur growth in the global market, further states the research report, “Global Spices and Seasonings Market Analysis, 2025.”