Spices and Seasonings Market

Market Overview:

The global spices and seasonings market exhibited moderate growth during 2015-2020. Spices and seasonings are added to food products and beverages to improve their aroma, essence and taste. Spices, including cardamom, cinnamon, clove, nutmeg and pepper, are plant-based substances that are commonly used for flavoring, coloring and preserving food. They are also extensively utilized in the production of medicines, cosmetics and perfumes. On the other hand, seasonings are mixtures of salts, herbs, spices and sugars that can have a sweet, savory, acidic or bitter taste. Cinnamon, paprika, and cumin are some of the most commonly used seasonings, which are added to enhance the flavor of any dish.

The growing hospitality industry, along with the increasing preference for ready-to-eat and ready-to-drink products, is among the key factors driving the growth of the market. Furthermore, there is a growing inclination among consumers to try innovative cuisines and flavor-rich dishes, which are prepared using a variety of spices and seasonings. Apart from this, they are also utilized as natural preservatives to restrict microbial activity and maintain the quality of meat and poultry products. Additionally, growing health consciousness among the consumers is acting as another major growth-inducing factor. Spices and seasonings are rich in antioxidants and many of them are considered to have medicinal properties, owing to which they are used for treating numerous diseases and ailments. For instance, turmeric is widely used to build immunity against cancer, Alzheimer’s disease and inflammation in the joints. Moreover, the rising preference for exotic cuisines and organic ingredients, along with the increasing consumer expenditure on food and beverages is projected to drive the market further. Looking forward, IMARC Group expects the global spices and seasonings market to grow at a CAGR of around 6% during 2021-2026.

Breakup by Product:

• Salt and Salt Substitutes
• Herbs
  • Thyme
  • Basil
  • Oregano
  • Parsley
  • Others
• Spices
  • Pepper
  • Cardamom
  • Cinnamon
  • Clove
  • Nutmeg
  • Others

Breakup by Application:

• Meat & Poultry Products
• Snacks & Convenience Food
• Soups, Sauces and Dressings
• Bakery & Confectionery
• Frozen Products
• Beverages
• Others

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Ajinomoto, ARIAKE JAPAN Company, Associated British Foods, Baria Pepper, Döhler, DS Group, Everest Spices, Kraft Heinz Company, Kerry Group, McCormick & Company, Olam International, Sensient Technologies, SHS GROUP, Spice Hunter, Unilever, Worlée, etc.

Key Questions Answered in This Report:

• How has the global spices and seasonings market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global spices and seasonings market?
• What are the key regional markets?
• What is the breakup of the market based on the product?
• What is the breakup of the market based on the application?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global spices and seasonings market and who are the key players?
• What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Spices and Seasonings Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product
    6.1    Salt and Salt Substitutes
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Herbs
        6.2.1 Market Trends
        6.2.2 Major Type
            6.2.2.1 Thyme
            6.2.2.2 Basil
            6.2.2.3 Oregano
            6.2.2.4 Parsley
            6.2.2.5 Others
        6.2.3 Market Forecast
    6.3    Spices
        6.3.1 Market Trends
        6.3.2 Major Type
            6.3.2.1 Pepper
            6.3.2.2 Cardamom
            6.3.2.3 Cinnamon
            6.3.2.4 Clove
            6.3.2.5 Nutmeg
            6.3.2.6 Nutmeg
        6.3.2 Market Forecast
7    Market Breakup by Application
    7.1    Meat & Poultry Products
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Snacks & Convenience Foods
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Soups, Sauces and Dressings
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Bakery & Confectionery
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Frozen Products
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Beverages
        7.6.1 Market Trends
        7.6.2 Market Forecast
    7.7    Others
        7.7.1 Market Trends
        7.7.2 Market Forecast
8    Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis
    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Indicators
    12.1    Key Price Indicators
    12.2    Price Structure
13    Competitive Landscape
    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Ajinomoto
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio 
           13.3.1.3 Financials
           13.3.1.4 SWOT Analysis
        13.3.2    ARIAKE JAPAN Company
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio 
           13.3.2.3 Financials
           13.3.2.4 SWOT Analysis
        13.3.3    Associated British Foods
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio 
           13.3.3.3 Financials
           13.3.3.4 SWOT Analysis
        13.3.4    Baria Pepper
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio 
        13.3.5    Döhler
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio 
        13.3.6    DS Group
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio 
        13.3.7    Everest Spices
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio 
        13.3.8    Kraft Heinz Company
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio 
           13.3.8.3 Financials
           13.3.8.4 SWOT Analysis
        13.3.9    Kerry Group
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio 
           13.3.9.3 Financials
        13.3.10    McCormick & Company
           13.3.10.1 Company Overview
           13.3.10.2 Product Portfolio 
           13.3.10.3 Financials
           13.3.10.4 SWOT Analysis
        13.3.11    Olam International
           13.3.11.1 Company Overview
           13.3.11.2 Product Portfolio 
           13.3.11.3 Financials
        13.3.12    Sensient Technologies
           13.3.12.1 Company Overview
           13.3.12.2 Product Portfolio 
           13.3.12.3 Financials
           13.3.12.4 SWOT Analysis
        13.3.13    SHS GROUP LIMITED
           13.3.13.1 Company Overview
           13.3.13.2 Product Portfolio 
        13.3.14    Spice Hunter
           13.3.14.1 Company Overview
           13.3.14.2 Product Portfolio 
        13.3.15    Unilever
           13.3.15.1 Company Overview
           13.3.15.2 Product Portfolio
        13.3.16    Worlée
           13.3.16.1 Company Overview
           13.3.16.2 Product Portfolio

List of Figures

Figure 1: Global: Spices and Seasonings Market: Major Drivers and Challenges
Figure 2: Global: Spices and Seasonings Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Spices and Seasonings Market: Breakup by Product (in %), 2020
Figure 4: Global: Spices and Seasonings Market: Breakup by Application (in %), 2020
Figure 5: Global: Spices and Seasonings Market: Breakup by Region (in %), 2020
Figure 6: Global: Spices and Seasonings Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 7: Global: Spices and Seasonings (Salt and Salt Substitutes) Market: Sales Value (in Million US$), 2015 & 2020
Figure 8: Global: Spices and Seasonings (Salt and Salt Substitutes) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: Global: Spices and Seasonings (Herbs) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Spices and Seasonings (Herbs) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Spices and Seasonings (Spices) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Spices and Seasonings (Spices) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Spices and Seasonings (Meat & Poultry Products) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Spices and Seasonings (Meat & Poultry Products) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Spices and Seasonings (Snacks & Convenience Food) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Spices and Seasonings (Snacks & Convenience Food) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Spices and Seasonings (Soups, Sauces, and Dressings) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Spices and Seasonings (Soups, Sauces, and Dressings) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Spices and Seasonings (Bakery & Confectionery) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Spices and Seasonings (Bakery & Confectionery) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Spices and Seasonings (Frozen Products) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Spices and Seasonings (Frozen Products) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Spices and Seasonings (Beverages) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Spices and Seasonings (Beverages) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Spices and Seasonings (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Spices and Seasonings (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: North America: Spices and Seasonings Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: North America: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: United States: Spices and Seasonings Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: United States: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Canada: Spices and Seasonings Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Canada: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Asia Pacific: Spices and Seasonings Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Asia Pacific: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: China: Spices and Seasonings Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: China: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Japan: Spices and Seasonings Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Japan: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: India: Spices and Seasonings Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: India: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: South Korea: Spices and Seasonings Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: South Korea: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Australia: Spices and Seasonings Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Australia: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Indonesia: Spices and Seasonings Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Indonesia: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Others: Spices and Seasonings Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Others: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Europe: Spices and Seasonings Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Europe: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Germany: Spices and Seasonings Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Germany: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: France: Spices and Seasonings Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: France: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: United Kingdom: Spices and Seasonings Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: United Kingdom: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Italy: Spices and Seasonings Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Italy: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Spain: Spices and Seasonings Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Spain: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Russia: Spices and Seasonings Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Russia: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Others: Spices and Seasonings Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Others: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Latin America: Spices and Seasonings Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Latin America: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Brazil: Spices and Seasonings Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Brazil: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Mexico: Spices and Seasonings Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Mexico: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Others: Spices and Seasonings Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Others: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Middle East and Africa: Spices and Seasonings Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Middle East and Africa: Spices and Seasonings Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Global: Spices and Seasonings Industry: SWOT Analysis
Figure 76: Global: Spices and Seasonings Industry: Value Chain Analysis
Figure 77: Global: Spices and Seasonings Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Spices and Seasonings Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Spices and Seasonings Market Forecast: Breakup by Product (in Million US$), 2021-2026
Table 3: Global: Spices and Seasonings Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 4: Global: Spices and Seasonings Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 5: Global: Spices and Seasonings Market: Competitive Structure
Table 6: Global: Spices and Seasonings Market: Key Players