Global Spices and Seasonings Market Outlook to 2030 – Players include Olam International, Ajinomoto, Associated British Foods and Kerry Group – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–Report “Spices and Seasonings Market by Type, End-Use, Nature and Region to 2030” has been added to from ResearchAndMarkets.com offer.

According to the latest report, the global spices and seasonings market size is expected to reach USD 33.80 billion by 2030 and register a revenue CAGR of 5.3% over the forecast period.

Companies cited

• McCormick & Company Inc.

• Olam International Ltd.

• Ajinomoto Co. Inc.

• Associated British Foods Plc

• Kerry Group Plc.

• Ariake Japan Co.Ltd.

• Sensient Technologies Corporation

• Dohler Group

• SHS Group

• Worlee Group

• Pacific Spice Company Inc.

• Paras Spices Private Limited

• VKL Seasoning Pvt. ltd.

• Friedrich DMCC Ingredients

• Moguntia Food Group Ag.

The market is driven by growing demand for ready-to-eat and processed foods, changing lifestyles and increasing disposable incomes. Additionally, the health benefits associated with the consumption of spices and seasonings are expected to drive the market growth. However, commodity price volatility and stringent food safety regulations are expected to restrain the market growth during the forecast period.

Increasing globalization has led to the adoption of various cuisines from different cultures around the world. This, in turn, has increased the demand for spices and seasonings, as they are an integral part of any kitchen. Growing consumer health consciousness has also driven the demand for healthier alternatives such as organic spices and seasonings.

Rising disposable incomes and growth in the foodservice industry are also expected to boost the growth of the spices and seasonings market. The growing number of working women and the consequent need for convenience foods is another key driver for market growth.

Rising demand from different cuisines around the world, changing lifestyles and health awareness of consumers are the major factors driving the growth of the spices and seasonings market. The industry is fragmented with the presence of many small and large players. The major players are resorting to various growth strategies such as mergers and acquisitions, new product launches, and expansions to stay competitive in the market.

Some highlights of the report

• Based on type, the market is segmented into chili peppers, ginger, turmeric, cumin, black pepper, oregano, cloves, and others. The chili peppers segment is expected to grow at the highest CAGR over the forecast period owing to the growing demand for spicy food products.

• On the basis of form, the spices and seasonings market is segmented into powder, paste, granules and others. The powder form segment is expected to grow at the highest CAGR over the forecast period owing to the ease of handling and storage of this form.

• The food and beverage application segment is expected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the growing demand for processed, convenience,

• Based on application, the spices and seasonings market is segmented into savory products and snacks, sauces and dressings, marinades, seasonings and seasonings, soups and broths, and others. The savory dishes and snacks segment is expected to grow at the highest CAGR over the forecast period owing to the growing demand for ready-to-eat and processed foods.

• Based on the distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, convenience stores, and others. The supermarket and hypermarket segment is expected to grow at the highest CAGR over the forecast period owing to the increasing preference for one-stop shopping.

• On the basis of distribution channel, the market is segmented into store and non-store. The in-store segment is expected to grow at a higher CAGR due to growing consumer preference for groceries.

• The Asia Pacific spices and seasonings market is expected to grow at the highest CAGR over the forecast period owing to increasing population and changing lifestyles in developing countries such as India, China and Japan. The region has a huge opportunity for market growth as the traditional use of spices in Asian cuisine is very high. Moreover, the presence of a large number of key players in the region is also one of the main drivers for the growth of the market in this region.

For the purposes of this report, the author has segmented the global spices and seasonings market based on type, end-use, nature, and region:

Type Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2030)

• Herbs

• Salt and salt substitutes

• Spices

• Pepper

• Ginger

• Coriander

• Cardamom

• Cinnamon

• Turmeric

• Cumin

• Nutmeg & Mace

• Others

End-Use Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2030)

• Meat and poultry products

• Soups

• Sauces

• frozen products

• Others

Nature’s Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2030)

Regional Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2030)

• North America

• WE

• Canada

• Mexico

• Europe

• Germany

• UK

• France

• Italy

• Spain

• Sweden

• BENELUX

• The rest of Europe

• Asia Pacific

• China

• India

• Japan

• South Korea

• Rest of APAC

• Latin America

• Brazil

• Rest of LATAM

• Middle East and Africa

• Saudi Arabia

• United Arab Emirates

• South Africa

• Israel

• Rest of MEA

For more information about this report visit https://www.researchandmarkets.com/r/crmyg6