Nutmeg Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Nutmeg Market Report Analyzes the Production (Volume), Consumption (Value and Volume), and Trade in Terms of Import (Value and Volume), Export (Value and Volume), and Price Trend Analysis Across the World. The Market is Segmented by Geography Into North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. The Report Offers the Market Size and Forecasts in Terms of Volume in Metric Tons and Value in (USD) for all the Above Segments.

Nutmeg Market Size

Nutmeg Market Summary

Nutmeg Market Analysis

The Nutmeg Market size is estimated at USD 2.89 billion in 2025, and is expected to reach USD 3.78 billion by 2030, at a CAGR of 5.5% during the forecast period (2025-2030).

The nutmeg market is an essential segment of the global spice industry, driven by the culinary, pharmaceutical, and cosmetic industries. Nutmeg is derived from the seed of Myristica fragrans, a tropical evergreen tree. Its primary cultivation regions include Indonesia, India, and Sri Lanka, with Indonesia being the largest producer. According to FAOSTAT, Nutmeg production in Indonesia was 40,896 metric tons in 2022, which increased by 43,790 metric tons in 2023. Nutmeg is used for its aromatic flavour in cooking, baking, and beverages, as well as its medicinal and cosmetic properties due to its bioactive compounds.

Consumers increasingly prefer natural, organic, and unprocessed ingredients in their food. Nutmeg, being a natural flavor enhancer, aligns with this shift in preference. For example, organic nutmeg is widely used in premium spice blends and gourmet products. Nutmeg is known for its therapeutic properties, such as improving digestion, acting as an anti-inflammatory, and promoting better sleep. As awareness of natural remedies grows, demand for nutmeg in the pharmaceutical and wellness sectors rises. For instance, nutmeg oil is used in aromatherapy for stress relief.

As the global demand for processed foods increases, nutmeg’s inclusion in products like pre-packaged baked goods, sauces, and beverages (e.g., eggnog) boosts market growth. In regions like North America and Europe, nutmeg is a staple in holiday recipes, driving seasonal demand. With the increasing global fascination for exotic cuisines and spice blends, nutmeg has gained popularity. Nutmeg is a key component in Middle Eastern, Caribbean, and Indian dishes, making it a sought-after spice for chefs and food manufacturers.

Nutmeg Market News

  • October 2023: For organic nutmeg from Sri Lanka and India, the Fairtrade Minimum Price is USD 1.74/kg with a premium of USD 0.24. For all other nutmeg traded under Fairtrade, the premium is 15% of the commercial price. As of October 2023, there are 24 Fairtrade-certified nutmeg producers globally, with eight in India and 16 in Sri Lanka.
  • October 2022: Goa, a state in India, is promoting alternative cola from the nutmeg fruit. A former IT professional from Goa has formulated a herbal cola from the agro waste of the nutmeg fruit and it is likely to go for largescale production soon, it is anticipated to provide additional income to farmers growing the fruit.

Nutmeg Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rising Demand for Natural Ingredients in Food and Beverages
    • 4.2.2 Growth in Processed Food and Beverage Products
    • 4.2.3 Rising Popularity of Exotic Flavors in the Culinary Sector
  • 4.3 Market Restraints
    • 4.3.1 Volatility in Production and Prices
    • 4.3.2 Allergy and Other Associated Risk Amongst Consumers
  • 4.4 Value Chain Analysis

5. MARKET SEGMENTATION

  • 5.1 Geography
    • 5.1.1 North Amercia
    • 5.1.1.1 United States
    • 5.1.1.2 Canada
    • 5.1.1.3 Guatamela
    • 5.1.2 Europe
    • 5.1.2.1 Netherlands
    • 5.1.2.2 United Kingdom
    • 5.1.2.3 Germany
    • 5.1.2.4 Spain
    • 5.1.2.5 Italy
    • 5.1.3 Asia - Pacific
    • 5.1.3.1 India
    • 5.1.3.2 Indonesia
    • 5.1.3.3 Vietnam
    • 5.1.3.4 Srilanka
    • 5.1.3.5 China
    • 5.1.3.6 Japan
    • 5.1.4 South America
    • 5.1.4.1 Brazil
    • 5.1.5 Middle-East and Africa
    • 5.1.5.1 South Africa
    • 5.1.5.2 Egypt
    • 5.1.5.3 Saudi Arabia
    • 5.1.5.4 United Arab Emirates

6. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Nutmeg Industry Segmentation

Nutmeg which is the seed or ground spice of several species of the genus Myristica is considered. The Nutmeg Market Analyzes the Production (Volume), Consumption (Value and Volume), and Trade in terms of Import (Value and Volume), Export (Value and Volume), and Price Trend Analysis across the World. The Market is segmented by Geography into North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. The report offers the market size and forecasts in terms of volume in metric tons and value in (USD) for all the above segments.

Geography North Amercia United States
Canada
Guatamela
Europe Netherlands
United Kingdom
Germany
Spain
Italy
Asia - Pacific India
Indonesia
Vietnam
Srilanka
China
Japan
South America Brazil
Middle-East and Africa South Africa
Egypt
Saudi Arabia
United Arab Emirates
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Nutmeg Market Research Faqs

How big is the Nutmeg Market?

The Nutmeg Market size is expected to reach USD 2.89 billion in 2025 and grow at a CAGR of 5.5% to reach USD 3.78 billion by 2030.

What is the current Nutmeg Market size?

In 2025, the Nutmeg Market size is expected to reach USD 2.89 billion.

Which is the fastest growing region in Nutmeg Market?

Europe is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Nutmeg Market?

In 2025, the Asia accounts for the largest market share in Nutmeg Market.

What years does this Nutmeg Market cover, and what was the market size in 2024?

In 2024, the Nutmeg Market size was estimated at USD 2.73 billion. The report covers the Nutmeg Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Nutmeg Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Nutmeg Industry Report

Statistics for the 2025 Nutmeg market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Nutmeg analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Compare market size and growth of Nutmeg Market with other markets in Agriculture Industry

Nutmeg Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)