Dried Spices Market by Product Type, Form, Application

List of Tables

[198 Pages Report] The Dried Spices Market size was estimated at USD 3.56 billion in 2023 and expected to reach USD 3.72 billion in 2024, at a CAGR 4.76% to reach USD 4.94 billion by 2030.

Dried spices are seasonings obtained from various parts of plants, including seeds, berries, bark, roots, and fruits, which, after being harvested, undergo a drying process to remove moisture. This process concentrates their flavors, aromas, and essential oils, rendering them more potent than their fresh counterparts. Utilized globally in culinary, medicinal, and aromatic applications, dried spices play a pivotal role in enhancing the flavor, fragrance, and color of food and beverages. The drying preserves them, making them usable for an extended period and enabling easy transportation and storage of these valuable culinary components. This market is marked by its global scope, catering to an extensive audience with a demand for traditional and exotic spices, driven by factors such as the globalization of cuisines, increased health and wellness consciousness, and an expanded distribution network. However, climate change, price volatility, and stringent regulations pose constraints. Growth opportunities are evident in developing organic, sustainably sourced products, expanding into untapped markets with novel spices, and adopting advanced technologies such as AI and blockchain for supply chain improvements. Innovations in drying technology and agricultural practices, alongside research into the health benefits of spices, are pivotal for sustaining and amplifying market growth.

KEY MARKET STATISTICS
Base Year [2023]	USD 3.56 billion
Estimated Year [2024]	USD 3.72 billion
Forecast Year [2030]	USD 4.94 billion
CAGR (%)	4.76%

Product Type: Growing utilization of turmeric for its well-documented health benefits

Cardamom, often called the "Queen of Spices," is acclaimed for its aromatic seeds. It has a strong, unique taste and intensely aromatic fragrance in sweet and savory dishes. Cardamom is a staple in Indian and Middle Eastern cuisines. It is valued globally for its application as a flavoring agent in the food & beverage sector and in traditional medicine. Cinnamon is a highly versatile spice from the inner bark of various tree species from the genus Cinnamomum. Cinnamon's health benefits, particularly its blood sugar-controlling properties, have contributed to its high demand in the nutritional and health food markets. Cloves are the perfumed flower buds of a tree in Myrtaceae, Syzygium aromaticum. They are native to the Indonesian Maluku Islands and are commonly used as a spice in cuisines worldwide. Cloves are valued for their unique flavor, antiseptic properties, and use in traditional medicine and as a pain reliever, especially in dentistry. Coriander, derived from the Coriandrum sativum plant, is utilized as a spice and an herb (cilantro). In its dried form, coriander seeds are used extensively in cooking, imparting a slightly sweet and spicy flavor. Cumin, produced from the dried seeds of Cuminum cyminum, is known for its distinctive aromatic flavor. It is widely used in culinary traditions worldwide, particularly in Middle Eastern, Indian, and North African cuisines. Cumin is recognized for its digestive benefits and is used in traditional medicine. Fenugreek is a versatile herb that has applications both as a spice and a leafy vegetable. Its seeds are used in cooking, imparting a characteristic bitter taste and aroma. Fenugreek is salient in Indian and Middle Eastern cuisines and possesses several health benefits, including blood sugar regulation and appetite control. Garlic, a key ingredient in many cuisines worldwide, is celebrated for its strong, pungent flavor and numerous health benefits. Dried garlic comes in various forms, such as powder, flakes, and granules, and is an indispensable seasoning in culinary applications. It also has medicinal properties, including enhancing cardiovascular health and antibacterial activities. Ginger is a widely used spice obtained from the rhizome of the plant Zingiber officinale. It has a bold, unique flavor is famed for its culinary and medicinal uses. Mustard seeds are small round seeds of the mustard plant, which come in various colors like yellow, brown, and black. They are known for their sharp and pungent flavor, making them an essential ingredient in many cuisines, mainly Indian, and for mustard production. Mustard seeds also have applications in traditional medicine and as a source of oil. Nutmeg is the seed of the aromatic nutmeg tree, Myristica fragrans. It is commonly used in baking, cooking, and making beverages for its warm and sweet flavor. Beyond its culinary uses, nutmeg has benefits in traditional medicine, including pain relief and aiding digestion. Dried onions offer the sharp, slightly sweet essence of onions in a convenient, shelf-stable form. Used as a seasoning and flavoring agent in many dishes, they come in various forms, such as flakes, powder, and granules. Dried onions are essential in spice blends and savory food products, enhancing flavor profiles without the preparation needed for fresh onions. Paprika is made from dried and ground sweet and hot varieties of peppers. It varies in flavor, ranging from mild and sweet to smokey and spicy. It is highly valued for its color and flavor in culinary applications and contains several antioxidants. Pepper, including black and white varieties, comes from the arid fruit of the Piper nigrum vine. It is one of the most widely used spices globally, known for its sharp, slightly spicy flavor that enhances almost any dish. Black pepper is especially noted for its versatility in cooking and potential health benefits, including antioxidant properties. Turmeric which is obtained from the Curcuma longa plant and is marked by its bright yellow color and warm, bitter taste. It is an important ingredient in curry powder used extensively in Indian cuisine and as a coloring in mustards, butter, and cheeses. Turmeric is also renowned for its anti-inflammatory and antioxidant effects.

Application: Evolving usage of dried spices across food & beverage sector

In the Food & Beverage sector, dried spices play a critical role in flavoring, coloring, and preserving various cuisines and products. They are widely used in cooking and baking, serving as essential ingredients in numerous recipes across different cultures worldwide. Dried spices, such as cinnamon, cloves, nutmeg, and pepper, enhance the taste and aroma of dishes, ranging from savory meals to desserts and beverages. Their preservative qualities also significantly extend the shelf life of food products, making them indispensable in producing canned foods, snacks, and condiments. Dried spices transcend culinary applications, expanding into the Health & Wellness sector. Due to their bioactive compounds, antioxidants, anti-inflammatory, and antimicrobial properties, dried spices like turmeric, ginger, and cinnamon are increasingly incorporated into dietary supplements and natural remedies. These spices are also recognized for their potential benefits in managing and preventing various health conditions, including digestive issues, diabetes, and cardiovascular diseases, reflecting their growing popularity in holistic health practices and nutraceutical products. Dried spices have found an innovative application in the Personal Care & Cosmetics industry. Their natural antioxidant and antimicrobial properties and aromatic profiles make them ideal components in skincare, haircare, and cosmetic products. Spices such as turmeric and clove are utilized for their anti-inflammatory and antiseptic benefits, appearing in creams, serums, soaps, and more formulations. Moreover, the vibrant colors derived from certain spices offer a natural alternative to synthetic dyes in makeup products, catering to the growing demand for organic and eco-friendly beauty solutions.

Regional Insights

The Asia-Pacific region's dried spices market is evolving, contributing significantly to production and consumption. Countries in this Asia-Pacific region have a rich history associated with spice cultivation, deeply embedded in their cultural cuisines. Consumer needs in this region are closely tied to traditional uses, with a strong focus on spices as integral components for flavoring dishes. The region has seen an increase in patents, particularly in methods for preserving the quality and enhancing the flavors of spices. Investments are mainly directed towards sustainable farming techniques and enhancing export capabilities. The United States and Canada are notable contributors to the dried spices market in the Americas. The demand in this region is characterized by a growing interest in international cuisines, pushing the need for a diverse range of spices. Customers in North America tend to favor organic and ethically sourced spices, reflecting a broader trend toward health-conscious and sustainable purchasing behaviors. Recent investments have focused on developing technologies for sustainable spice production and traceability systems to ensure the ethical sourcing of spices. The EMEA region presents a varied spices market. In Europe, consumer purchasing behavior is leaning towards exotic flavors and spice blends, driven by increasing culinary exploration. The EU countries have seen growing investments in high-quality packaging solutions to extend the shelf life of spices. With its rich culinary traditions, the Middle East continues to demand high volumes of spices, influencing global spice trade patterns. Africa, as an emerging market, shows potential for cultivation and export, with investments aimed at enhancing agricultural practices and market access for farmers.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Dried Spices Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Dried Spices Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Dried Spices Market, highlighting leading vendors and their innovative profiles. These include Ajinomoto Co., Inc., Ariake Japan Co., Ltd., Associated British Foods plc, B&G Foods, Inc., Badia Spices Inc., DS Group, Dohler Group, EVEREST Food Products Pvt. Ltd., Frontier Co-op, Fuchs GmbH & Co. KG, Goya Foods, Inc., Kerry Group PLC, Koninklijke Euroma BV, McCormick & Company, Inc., MDH Spices, OLAM INTERNATIONAL LIMITED, Penzeys Spices, SAUER BRANDS INC., Sensient Technologies Corporation, SHS Group, The Bart Ingredients Company, Tone Brothers, Inc., Watkins Incorporated, Wiberg GmbH, and WorldPantry.com LLC.

Market Segmentation & Coverage

This research report categorizes the Dried Spices Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product Type
- Cardamom
- Cinnamon
- Cloves
- Coriander
- Cumin
- Fenugreek
- Garlic
- Ginger
- Mustard Seeds
- Nutmeg
- Onion
- Paprika
- Pepper
- Turmeric

Form
- Flakes
- Granules
- Powder
- Whole

Application
- Food & Beverage
- Health & Wellness Products
- Personal Care & Cosmetics

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Dried Spices Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Dried Spices Market?

3. What are the technology trends and regulatory frameworks in the Dried Spices Market?

4. What is the market share of the leading vendors in the Dried Spices Market?

5. Which modes and strategic moves are suitable for entering the Dried Spices Market?

Product Code: MRR-F97DD5A7DD6B

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing interest in ethnic cuisines with medicinal and organic spices
  - 5.1.1.2. Increasing spice trade patterns and the proliferation of online sales platforms across the globe
  - 5.1.1.3. Expanding the food and beverage industry globally
- 5.1.2. Restraints
  - 5.1.2.1. Vulnerability to climate change and volatility in price
- 5.1.3. Opportunities
  - 5.1.3.1. Innovations in drying and preservation technologies
  - 5.1.3.2. Incorporation of AI and blockchain technology in the supply chain
- 5.1.4. Challenges
  - 5.1.4.1. Regulatory hurdles related to food safety and import-export restrictions
5.2. Market Segmentation Analysis
- 5.2.1. Product Type: Growing utilization of turmeric for its well-documented health benefits
- 5.2.2. Application: Evolving usage of dried spices across food & beverage sector
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Dried Spices Market, by Product Type

6.1. Introduction
6.2. Cardamom
6.3. Cinnamon
6.4. Cloves
6.5. Coriander
6.6. Cumin
6.7. Fenugreek
6.8. Garlic
6.9. Ginger
6.10. Mustard Seeds
6.11. Nutmeg
6.12. Onion
6.13. Paprika
6.14. Pepper
6.15. Turmeric

7. Dried Spices Market, by Form

7.1. Introduction
7.2. Flakes
7.3. Granules
7.4. Powder
7.5. Whole

8. Dried Spices Market, by Application

8.1. Introduction
8.2. Food & Beverage
8.3. Health & Wellness Products
8.4. Personal Care & Cosmetics

9. Americas Dried Spices Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Dried Spices Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Dried Spices Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. VAHDAM India Launches Spices with Vikas Khanna
- 12.3.2. Mccormick And Tabitha Brown Expand Partnership To Launch Five New Salt-Free Vegan Seasoning Products
- 12.3.3. McCormick Announces Redesign of Core Line of Herbs & Spices
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio