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Market Research Report
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1022045

Spices and Seasonings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Published: | IMARC Services Private Limited | 142 Pages | Delivery time: 2-3 business days

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Spices and Seasonings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
Published: August 2, 2021
IMARC Services Private Limited
Content info: 142 Pages
Delivery time: 2-3 business days
  • ALL
  • Description
  • Table of Contents
Description

The global spices and seasonings market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026. 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.

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, Dohler, DS Group, Everest Spices, Kraft Heinz Company, Kerry Group, McCormick & Company, Olam International, Sensient Technologies, SHS GROUP, Spice Hunter, Unilever, Worlee, 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?
Table of Contents
Product Code: SR1020E111_Report

Table of Contents

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 Dohler
      • 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 Worlee
      • 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