Global Seasoning And Spices Market Size, Share, Opportunities, And Trends By Form (Whole, Crushed, Powder), By Distribution Channel (Foodservice, Retail), By Product (Spices, Herbs, Salt & Salt Substitutes), And By Geography - Forecasts From 2023 To 2028

The seasoning and spices market is projected to grow considerably during the forecast period.

Seasoning and spices are something that is commonly used worldwide for enhancing flavour and improving the characteristics of a food product. They are ingredients that can be added to food and in return, improve the taste, smell and texture of food to be consumed. Seasonings and spices are almost similar since seasonings are made with the combination of several spices and other components and are added when the food has finished cooking. Spices are added during the cooking process to increase or improve the flavour and texture of the food.

Introduction:

Seasoning and spices are essential to improve the cooking process and the food products. Seasoning improves the taste of food, modifies it to be better and can also add a completely new taste to the food. Seasonings can include salt, pepper, aromatic herbs, spices and bouquet garni, which are common and popular in cooking. Some fermented products that have impactful flavours and aromas are also existing in the market, including soy sauce, Nuoc mam, and many others. Some spices, herbs and aromatic plants have been proven to provide medicinal properties. For instance, Cinnamon is a great spice that is popular worldwide and is known for its properties of reducing blood sugar. Another popular health benefit is from ginger, which helps in the prevention and elimination of nausea and has proven to be good for the heart.

Spices are generally sold in the form of powder and dried form and are stored in glass jars or opaque tins. Ground spices tend to oxidize more quickly compared to other types of spices because of their large exposure area and can lose flavour within a few months. Whole spices can last up to a year since only less amounts are being used at a time. A few popular examples of spices that are used in the kitchens of restaurants and hotels include black pepper, garlic powder, thyme, cinnamon, oregano, rosemary, cayenne powder, cumin, nutmeg, and paprika.

Drivers:

• Gaining traction on health benefits:  Spices have been used for many purposes, which include culinary and medical purposes. They not only improve the flavours, texture and aroma of the food but also provide a certain level of immunity from acute and chronic diseases. It has been proven to contain bioactive molecules, such as sulfur-containing compounds, phenolic diterpenes, alkaloids, tannins, and vitamins, as well as their anti-inflammatory, antioxidant, anticarcinogenic, and antitumorigenic properties. As more people explore the benefits of the use of spices and seasoning increase, so does the market for seasonings and spices.
• Change in taste preference due to increasing disposable income: There is an increase in the disposable income of every household worldwide. As disposable increases, demand for convenience and taste from food increases as well. As of 2023, the disposable income is 3% higher in Hungary and is only increasing. As this increases, people would prefer to eat food for taste rather than survival. This will increase the growth in the seasoning and spices market with the factor being increasing disposable income and taste preferences.

Key Players:

• Ajinomoto Co, Inc.: One of the leaders and a Japanese ingredients and nutrition company that is known for their Monosodium Glutamate (MSG) production.
• Associated British Foods PLC: A British multinational food processing company known for the production of sugar and baker’s yeast.
• Everest Spices: An Indian manufacturer, distributor and exporter of spice mixtures and ground spices under the brand name EVEREST.

Regional Analysis:

The Asia Pacific region is expected to grow in the forecasted period of 2024-2029. Asia is one of the leading spices and herbs importer and consumers in the world. Most trade and consumption occur from developing countries and the average pricing of spices in Asia is half the price compared to that of Europe. It is expected for the Asia Pacific to hold the dominating position in the global seasoning and spices market and is expected to grow at a steady pace.

Market Developments:

• April 18, 2023: McCormick and Tabitha Brown extended their partnership and launched five new salt-free seasoning products to the public, dubbed Seasoning Sunshine. It contains two seasoning blends and three recipe mixes and also marks the first time that they have released a salt-free product.
• November 3, 2023: Kalsec launched a new R&D lab in the Netherlands to expand their research on savoury expertise. It will help in developing taste and sensory solutions that are derived from nature, with a focus on sauces, dressings and condiments.

Segmentation:

• By Form:
  • Whole
  • Crushed
  • Powder
• By Distribution channel:
  • Foodservice
  • Retail
• By Product:
  • Spices
  • Herbs
  • Salt & Salt Substitutes
• By Geography:
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others