Market Size of Europe Seasoning and Spices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 6.22 Billion |
| Market Size (2029) | USD 7.73 Billion |
| CAGR (2024 - 2029) | 4.46 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Seasoning and Spices Market Analysis
The Europe Seasoning and Spices Market size is estimated at USD 6.22 billion in 2024, and is expected to reach USD 7.73 billion by 2029, growing at a CAGR of 4.46% during the forecast period (2024-2029).
The market for European spices and seasonings witnessed a rapid uptick with the onset of the COVID-19 pandemic, wherein some selected spices that are supposed to provide immunity, such as turmeric, dried peppers, cinnamon, dried garlic, ginger, and echinacea, received tremendous response in the market. For instance, according to the International Trade Centre data, in 2021, the aggregate import value of ginger, saffron, turmeric "Curcuma," thyme, bay leaves, curry, and other spices in Central and Eastern Europe (CEE) reached USD 3,750,542 from USD 3,596,691 in 2020.
The market witnessed significant growth due to the rising demand for convenient food products and the availability of various product varieties, with a mix of regional snack flavors. Newly industrializing markets are providing new market opportunities for the seasonings and spices market. The increasing interest in new foods, natural organic products from sustainable sources, fair-trade promotions, natural health remedies, and pharmaceutical developments assist in providing new market opportunities.
The increasing knowledge of health and wellness issues among the local and ex-pat population and the increasing purchasing power led to the growing interest in organic spices.
