Spices and Seasoning Market Size to Reach USD 19.35 Billion by 2029 | 180-Page Research Report
Growing demand for authentic flavors, health-conscious innovation, technological progress, and the rise of e-commerce are propelling the global spices and seasoning market.
As per TechSci Research's
report, "Spices
and Seasoning Market - Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2029," the market reached USD 19.35
billion in 2023 and is expected to grow at a CAGR of 5.24% from 2025 to 2029.
The market's robust growth is driven by evolving consumer preferences,
increased interest in authentic flavors, and a focus on health. Manufacturers
are meeting this demand with innovative blends. Technological advancements in
processing and packaging ensure product quality, while e-commerce offers
convenient access to a variety of flavors globally. Despite challenges such as
supply chain disruptions and regulatory complexities, the industry continues to
evolve dynamically, integrating technology and striving for culinary
authenticity.
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The global spices and seasoning market expands driven by the growing desire for
authentic and ethnic flavors as consumers seek unique culinary experiences.
Manufacturers respond with spice blends capturing specific cuisines like
Indian, Middle Eastern, and Asian.
Health consciousness shapes
the market, with functional ingredients like turmeric rising in demand for
their perceived health benefits. Products labeled "organic,"
"non-GMO," and "natural" meet modern health-conscious
preferences.
Technological advancements
enhance quality, safety, and shelf life, with a focus on sustainable packaging
materials to address environmental concerns.
E-commerce transforms retail,
offering a wide range of spice products, personalized connections with
consumers, and convenient subscription services.
Spices play a crucial role in
the snacks and convenience food segment, enhancing flavor profiles and driving
market growth amid fast-paced consumer lifestyles.
Challenges include supply
chain disruptions, stringent regulations, and environmental concerns, requiring
industry attention.
The market segments include
type, application, regional distribution, and company, with snacks and
convenience foods driving growth by meeting consumer demand for flavorful
on-the-go option.
Major companies operating in global spices and
seasoning market are:
- Mccormick
& Company
- Ajinomoto
Co. Inc.
- Olam
International
- Döhler
Group
- Sensient
Technologies
- Worlée
Gruppe
- SHS
Group
- Associated
British Foods PLC
- Kerry
Group PLC
- Ariake
Japan Co
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"The global spices and
seasoning market undergoes transformation with dynamic trends and influential
drivers. Driven by the demand for authentic ethnic flavors, the industry sees a
surge in innovative blends. Health considerations spur product innovation with
functional ingredients. Technological advancements in processing and
sustainable packaging tackle quality and environmental concerns. E-commerce
reshapes retail dynamics, offering diverse global flavors. Spices' pivotal role
in snacks and convenience foods fuels market growth, making it a vibrant
sector." - Mr. Karan Chechi, Research Director at TechSci Research.
The report, "Spices and
Seasoning Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Type (Pepper, Ginger, Capsicum, Cardamom, Cloves,
Cinnamon, Cumin, Coriander, Others), By Application (Meat & Poultry Products,
Bakery & Confectionery, Snacks & Convenience Food, Frozen Products,
Beverages, and Others), By Region, By Competition, 2019-2029,"
evaluates the market's growth potential, providing statistics, structure, and
future insights. It aims to offer market intelligence for sound investment
decisions, identifying emerging trends, drivers, challenges, and opportunities
in the global spices and seasoning market.
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