Top companies covered in spices and seasonings market are Ariake Japan Company, McCormick & Company, SHS Group, Kerry Group Plc, Olam International Limited, Ajinomoto Co., Inc., Worlée-Chemie GmbH, Associated British Foods, Sensient Technologies, Dohler Group, and more players profiled
Pune, India, April 21, 2021 (GLOBE NEWSWIRE) -- The global spices and seasonings market size is projected to reach USD 22.87 billion by 2026, exhibiting a CAGR of 4.7% in the forecast period (2019-2026). However, the market was valued at USD 15.93 billion in 2018. This information is published in a recent report by Fortune Business Insights™, titled, “Spices and Seasonings Market Size, Share & Industry Analysis, By Type (Pepper, Chili, Ginger, Cinnamon, Cumin, Turmeric, Nutmeg and Mace, Cardamom, Cloves, and Others), Application (Meat and Poultry, Bakery and Confectionery, Frozen Food, Snacks and Convenience Food, and Others), and Regional Forecasts, 2019 – 2026.” As per the report, a rise in the demand for new spices and various spice blends is expected to propel the spices and seasonings market growth during the forecast period.
Increasing Demand for Organic Spices & Herbs to Propel Growth
There is a high demand for organic spices around the world. At present, China, India, and Vietnam are the largest exporters of organic spices. They are producing various organic spice commodities by using several spices, namely, ginger, garlic, and chilies. Besides, in the developed regions, such as Europe, there is rising popularity of organic spices amongst the masses as these spices are made out of natural ingredients and are free from pesticides. Also, increasing awareness programs amongst the masses regarding the medicinal properties of spices would drive the market growth in the forthcoming years by rising the demand for organic herbs and spices.
Get Sample PDF Brochure with Impact of COVID19:
Snacks and Convenience Food Segment to Lead Owing to Rising Consumption of Snacks
In terms of application, the spices and seasonings market is divided into snacks and convenience food, meat and poultry, frozen food, bakery and confectionery, and others. Amongst these, the snacks and convenience food segment is expected to dominate the market owing to a rise in the consumption of snack items in several countries.
On the other hand, the bakery and the confectionery segment would hold the second-largest spices and seasonings market share during the forecast period. It is likely to occur on account of the immense growth of the bakery industry in numerous emerging regions, specifically in Asia Pacific.
List of the Leading Companies Profiled in the Global Spices and Seasonings Market are:
Ariake Japan Company
McCormick & Company
Kerry Group Plc
Olam International Limited
Ajinomoto Co., Inc.
Associated British Foods
Browse Detailed Summary of Research Report with TOC:
Asia Pacific to Dominate: Expansion of Food Processing Industry Will Favor Growth
Geographically, the spices and seasonings market is grouped into the Middle East and Africa, Europe, Asia Pacific, North America, and South America. Out of these, Asia Pacific is anticipated to grow exponentially owing to the rapid expansion of the food processing industry. Apart from that, the tradition of consuming spicy food as well as the growing population would accelerate market growth in this region. India is considered to be the largest producer and consumer of various kinds of spices.
Europe, on the other hand, is projected to showcase notable growth in the coming years. This growth is attributable to the trend of consuming organic spices in this region. It is in turn, is likely to create several opportunities for market growth. The region imports ginger, capsicums, and pepper.
Ajinomoto Increases Production of Ros Dee Flavor Seasoning in Thailand
August 2016: Ajinomoto Co., a food and biotechnology corporation based in Japan, announced that it would invest USD 23.1 Million to meet the increasing demand for flavor seasonings in Thailand. The company will advance its production capacity for Ros Dee, its flavor seasoning in the Kingdom of Thailand. As per the company, the flavor seasoning market in the country has increased by approximately 1.3 times for the past five years to around 70,000 tons in 2015. It is anticipated to grow in the upcoming years owing to the rising usage of seasonings at houses, food stalls, and restaurants.
Inquire Before Buying This Research Report:
Detailed Table of Content:
Definitions and Assumptions
Overview of the Parent/Related Markets
Production, and Consumption Patterns of Spices and Seasonings- Analysis and Forecast
Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
Global Spices & Seasonings Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Size Estimates and Forecast
By Type (Value)
Nutmeg and Mace
By Application (Value)
Meat and Poultry
Bakery and Confectionery
Snacks and Convenience Food
By Region (Value)
Middle East & Africa
Speak to Our Expert:
Have a Look at Related Research Insights:
Condiments Market Size, Share And Global Trend By Product Type (Sauces & Ketchup, Spices, Dressings, Pastes), By Distribution Channel (Hypermarket/Supermarket, Specialty Stores, Convenience Stores, Online Stores), And Geography Forecast Till 2021-2028
Pepper Market Size, Share & Industry Analysis, By Nature (Organic, Conventional), By Product Type (White Pepper, Black Pepper, Green Pepper, Red Pepper), By Application (Food and Beverage, Personal Care Products, Others), By Form (Whole Pepper, Powdered Pepper) and Regional Forecast, 2021-2028
Curcumin Market Size, Share & Industry Analysis, By Form (Powder, Liquid), By Nature (Organic, Conventional), By Application (Flavorant, Colorant, Antioxidant, Brain health, Anti-inflammation, Heart Health), By End-use (Food Applications, Cosmetics and Personal Care, Pharmaceuticals, Others) and Regional Forecast, 2021-2028
Oleoresin Market Size, Share and Global Trend By Product Type (Turmeric, Capsicum and Paprika, Black Pepper, Ginger), Application (Food & Beverage, Pharmaceuticals, Fragrance Industry) and Geography Forecast till 2021-2028
Bulk Food Ingredients Market Size, Share And Global Trend By Type (Primary Processed, Secondary Processed), By Application (Bakery, Snacks & Spreads, Confectionery, Ready Meals), and Geography Forecast Till 2021-2028
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245