Global Herbs And Spices Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Product Type (Herbs (Basil, Mint, Coriander, Thyme, Lemongrass, Others), Spices (Ginger, Pepper, Cardamom, Cinnamon, Clove, Others)), By Packaging Type (Bottles (Shaker, Crusher), Pouches, Containers), By Application (Food And Beverage, Pharmaceuticals), By Form (Whole, Ground), And By Geography - Forecasts From 2022 To 2027

The global herbs and spices market is estimated to grow at a CAGR of 3.25% to reach a market size of US$10.819 billion in 2027 from US$8.646 billion in 2020.

Herbs and spices are extensively used in food and beverages as flavour enhancers and to give a special aroma to foods and beverages to appease the changing taste preferences and flavour profiles of individuals over the globe. In addition, the usage of different herbs and spices is rising, as there is an increasing number of individuals trying to replicate the restaurant-style flavour in the dishes they make at home.

Furthermore, the use of spices in beverages such as tea and coffee has health benefits. For example, Ginger basil, and cardamom are increasingly used in teas, in countries such as India to give a distinct flavour to the beverage and to induce a soothing sensation in the throat. Turmeric is also mixed with warm milk to increase immunity and finds widespread use in countries such as India. Additionally, mint leaves are used in tea that is served in Morocco, and Lemongrass tea is preferred by some individuals in Japan, among others. Therefore, these factors are propelling the market’s growth over the forecast period.

Some of examples of product offerings are as follows:

• McCormick & Company, Inc., one of the companies that are involved in the manufacture and sale of spices, herbs, and other blends, offers a wide range of products ranging from ground to whole spices and herbs, Some of the products it offers are, “McCormick Allspice”, McCormick Basil Leaves”, and “McCormick Whole Caraway Seed” among others. The McCormick Allspice is available in both whole and ground forms and is a spice that is found in the Caribbean, Central, and South America and can be used in different types of meat dishes such as meatballs, and ground beef among others. The McCormick Whole Caraway Seed is one of the spices that adds a bittersweet flavour to food items that can di used for pork, stews, or rye bread. The McCormick Basil Leaves are one of the essential ingredients in Italian cuisine and find uses in food items such as Pizzas, Marinara Sauces, and Pasta.
• KEYA FOODS, which is among one the famous brands involved in the provision of herbs, spices, and seasonings among other products in India, offers a wide range of products. It offers its product “KEYA Thyme”, which is a herb that is widely used for seasoning and giving flavour to different types of meat, especially lamb, and can also be used in different cuisines such as French, Italian, Greek, and Lebanese. It also offers Lemongrass, which is a spice used extensively in Thai cuisine for famous dishes such as Thai Curry and is an essential part of Japanese and Chinese cuisines.
• FRESCO SPICE BLENDS, is among the companies that are involved in proving speciality spice blends to a distinct flavour to different foods. They offer products such as “Chili Lime Chipotle”, Coffee Steak Rub”, and Rosemary Salt Rub” among other products under their portfolio. The Chili Lime Chipotle can be used on different types of meat, such as pork, beef, seafood, and also vegetables. It can be used on grilled, pan-seared, and roasted meat and vegetables as well. The Rosemary Salt Rub can be used for basting purposes on meats or as rubs on meats, or as a finishing sprinkle. It is available in 6oz and 28 oz sizes. The Coffee Steak Rub can be used on steaks to provide a unique burnt coffee flavour It is available in 4oz. and 2oz sizes.

The crusher bottle is estimated to hold a significant share over the forecast period owing to the rising demand for products with increased shelf life among the population.

The crusher bottle is estimated to hold a significant share over the forecast period because there is a rising demand for herbs and spices with an increased shelf life among individuals. Consequently, herbs and spices such as black pepper, rock salt, and all-spice, among others, by some of the leading market players are in the whole form. Thus, the presence of herbs and spices in the whole form increases their shelf life relatively, as it decreases the possibility of the product being spoilt due to moisture.

The Asia Pacific region is expected to witness a significant increase in its market share over the forecast period

In addition, the Asia Pacific region is expected to witness a significant increase in its market share over the forecast period owing to the increasing efforts made by the market players to cater to the diverse demands for different herbs and spices among consumers due to the increasing penetration of western cuisines such as Thai and Mexican, among others. This encourages individuals to purchase spices such as Fajita Mix, Paprika, and Piri Piri Spice Mix, among others. Furthermore, there are some players such as Arqa Ayurveda, which are involved in sourcing, and the sale of organic herbs and spices such as rose petal garam masala, and som tam mix, to name a few which are contributing to bolstering the herbs and spices market in India and are enhancing the market position of the Asia Pacific region.

Recent Developments

• Nestlé India stated in March 2022 that it will support farmers by creating a sustainable sourcing program for the spices used in its Magic Masala product.
• Three new spice blends from Rumi Spice were introduced to Whole Foods Market shelves in September 2021. "Rumi Spice Saffron," "Wild Black Cumin (Ground)," and "Afghan Curry," among other items.
• Trader Joe's introduced Everything But the Elote Seasoning Blend in February 2020. It has a variety of ingredients, including dried peppers, Parmesan cheese, chipotle spice, cumin, dry cilantro, and sea salt.

COVID-19 Impact on the Herbs and Spices Market

The market for spices and seasonings was significantly impacted by the COVID-19 pandemic. The industry's supply chain had been hampered by infrastructure breakdowns, import delays, labour shortages, government limitations, and transportation issues. Due to variables like the weather, a lack of water, etc., the production of spices and herbs is characterized by an unprecedented level of unpredictability. Furthermore, the supply and consumption of raw materials in the food service business were influenced by the implementation of shutdowns and lockdowns in the countries that produce spices, including China, India, and Vietnam leading to slow growth. However, during the pandemic, companies were seeking creative and enjoyable methods to re-energize and improve relationships with their employees. For instance, Spiceology, Inc. teamed up with Pixlee and Loop Commerce to launch the "Coworkers Connecting Through Cooking" project in July 2020. The program offered supervised access to interesting, live-streamed cooking sessions that were designed to bring coworkers together virtually through cooking at home and allow them to discuss their culinary experiences with one another online.

Global Herbs and Spices Market Scope:

Segmentation:

• By Product Type
  • Herbs
    • Basil
    • Mint
    • Coriander
    • Thyme
    • Lemongrass
    • Others
  • Spices
    • Ginger
    • Pepper
    • Cardamom
    • Cinnamon
    • Clove
    • Others
• By Packaging Type
  • Bottles
    • Shaker
    • Crusher
  • Pouches
  • Containers
• By Application
  • Food and Beverage
  • Pharmaceuticals
• By Form
  • Whole
  • Ground
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Malaysia
    • Vietnam
    • Thailand
    • Indonesia
    • Others