Spices and Seasonings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Trends and Opportunities in the Global Spice Industry and is segmented by Product Type (Salt and Salt Substitutes, Herbs and Seasonings, and Spices); by Application (Bakery and Confectionery, Soup, Noodles and Pasta, Meat, and Seafood, Sauces, Salads, and Dressing, Savory Snack, and Other Applications); by Geography (North America, Europe, Asia Pacific, South America, and Middle East & Africa). The report offers market size and values in (USD Million) during the forecasted years for the above segments.

Spices and Seasonings Market Size

Spices And Seasoning Market Summary
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Study Period 2019 - 2029
Market Size (2024) USD 19.89 Billion
Market Size (2029) USD 25.60 Billion
CAGR (2024 - 2029) 5.18 %
Fastest Growing Market Asia Pacific
Largest Market Europe

Major Players

Spices And Seasoning Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Spices and Seasonings Market Analysis

The Seasoning and Spices Market size is estimated at USD 19.89 billion in 2024, and is expected to reach USD 25.60 billion by 2029, growing at a CAGR of 5.18% during the forecast period (2024-2029).

The market for spices and seasonings has witnessed steady growth in recent decades due to rising demand for functional foods across the globe, wherein some select spices meant to provide immunity, such as turmeric, ginger, and garlic, have received tremendous responses from consumers globally. Additionally, the demand from consumers for high-quality healthy food ingredients, along with the increased preference for trying out new flavors in the foodservice sector and processed food products, is supporting the overall spices and seasonings market's growth globally, leading to an upward trend during the forecast period.

Spices and herbs are more aligned toward health and wellness; along with it, the retail food products manufacturers have also further increased the application of spices and seasonings to fit the taste and preferences of the various ethnicities of the consumer across the globe. Products such as ginger, dried capsicum/pimento, uncrushed pepper, Curcuma, cinnamon, and cloves have the most potential for growth in the market. The nutritional benefits of various spices have helped grow the market. Furthermore, the growing demand for a diverse mix of herbs and spices is expected to be met by ethnic spice blends, mostly related to the increasing popularity of ethnic packaged foods, healthy foods, and growing consumption of convenience, processed, and ready-to-eat dishes.

Spices and Seasonings Market Trends

This section covers the major market trends shaping the Seasoning & Spices Market according to our research experts:

The Demand for Processed Food is Driving Seasoning and Spice Consumption

The growth of the processed food industry is fueling the demand for spices and seasonings. Various food companies are investing in the food processing industry to gain additional market shares. Moreover, there has been an increase in consumer spending owing to changing lifestyles, a rising population of working women, growing product offerings, and penetration of retail channels on savory snacks, soups, noodles, beverages, and ready-to-eat food, particularly in developed countries. Consequently, sectors such as sauces, salads & dressings, are buying more spices, which in turn, is driving the market growth significantly.

In the past few years, it has been observed that consumers are giving paramount importance to health and are shelling out more money on organic food and ingredients owing to their health benefits. Increasing awareness about harmful ingredients and additives in processed food pushes consumers toward organic spices. Some examples of organic spices include mint, rosemary, nutmeg, basil, cardamom, chili, cinnamon, chives, coriander, dill, cumin, ginger, oregano, paprika, parsley, sage, thyme, and turmeric.

Seasoning and Spices Market: Proposed Investment Value in the Food Processing Industry, in INR Billion, India, 2017-2021

The Seasoning and Spice Market is Expanding Most Swiftly in the Asia-Pacific Region

The seasonings and spices market in Asia-Pacific is the fastest-growing region across the globe due to the improvement in taste for western cuisines and a mix of cultures in the food space. Rising demand for foreign cuisines such as Italian and French foods has also contributed to the increase in demand for herbs and seasonings in the form of spice extracts. In recent years, spice mixes have become a promising area for innovation since spices are an invaluable family of flavoring agents. Due to these factors, Asia is a potential market for spices and seasonings, and manufacturers are offering new products to attract Asian consumers. Other major driving factors of the spices & seasonings market in the region are the growing middle-class population, increasing awareness amongst end-users regarding health, and increased usage of spices as natural preservatives.

Moreover, the rapid increase in demand for healthy and nutrition-rich foods from the health-conscious young population globally has broader the consumer base of this segment of organic food products. Additionally, national and international players follow various strategies such as partnerships, product blend innovations, expansions, etc. For instance, in February 2021, Kerry Group announced that it had completed the acquisition of the Jining Nature Group. The company is a Chinese manufacturer of savory flavors, seasonings, and prepared food products and holds positions in China.

Seasoning and Spices Market : Market size (%), by Geography, Global, 2021

Spices and Seasonings Industry Overview

The global spices and seasonings market is highly fragmented and competitive with various players. Companies constantly make efforts to optimize the supply chain, which may ensure efficient product circulation in the market. Major manufacturers in the market are constantly making efforts and investing capital in marketing and advertising, with a major focus on bringing awareness to consumers about the flavor profiles and quality of their products. The companies are making themselves more competitive by strengthening their distribution systems, entering partnerships, acquisitions, new regions, expanding product range, etc. Some major players operating in the market are Kikkoman Corporation, McCormick & Company, Inc., Olam International, Kerry Group Plc, and Sensient Technologies Corporation.

Spices and Seasonings Market Leaders

  1. Kikkoman Corporation

  2. Olam International

  3. Sensient Technologies Corporation

  4. Kerry Group Plc

  5. Cargill Incorporated

*Disclaimer: Major Players sorted in no particular order

Spices And Seasoning Market Concentration
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Spices and Seasonings Market News

  • In January 2022, Kerry officially opened a new 21,500-square-foot state-of-the-art facility at its Jeddah operation in Saudi Arabia.
  • In September 2021, Olam Food Ingredients launched the first collection of its new spice blend range, Blends of the Americas. The 17 ready-to-use dry blends offer food manufacturers, foodservice companies, and retailers a simple, clean-label solution for creating consistent and authentic flavors. The range of spice blends includes Spicy Citrus Coast, a modern Mexico blend featuring a scorpion chili kick, ground red pepper, and lime. Warm Sedona Sunset, a Southwest blend that radiates sweet heat through turmeric, ginger, cinnamon, and green cardamom; and Citrus Habanero Jerk, bringing a Jamaican flavor hit to foods with a blend of allspice, habanero, and lime.
  • In March 2021, Sensient Natural Ingredients LLC (SNI) announced the acquisition of New Mexico Chili Products Inc., a dehydrated chili production facility in Deming, that processes capsicums and a variety of specialty chilies for commercial sale to CPG food manufacturers, spice blenders, and foodservice customers.

Spices and Seasonings Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 Product Type

      1. 5.1.1 Salt and Salt Substitutes

      2. 5.1.2 Herbs and Seasonings

        1. Thyme

        2. Basil

        3. Oregano

        4. Parsley

        5. Other Herbs

      3. 5.1.3 Spices

        1. Pepper

        2. Cardamom

        3. Cinnamon

        4. Clove

        5. Nutmeg

        6. Turmeric

        7. Other Spices

    2. 5.2 Application

      1. 5.2.1 Bakery and Confectionery

      2. 5.2.2 Soup, Noodles and Pasta

      3. 5.2.3 Meat and Seafood

      4. 5.2.4 Sauces, Salads, and Dressing

      5. 5.2.5 Savory Snacks

      6. 5.2.6 Other Applications

    3. 5.3 Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

        3. Mexico

        4. Rest of North America

      2. 5.3.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Spain

        5. Italy

        6. Russia

        7. Rest of Europe

      3. 5.3.3 Asia Pacific

        1. China

        2. India

        3. Japan

        4. Australia

        5. Rest of Asia-Pacific

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle East & Africa

        1. United Arab Emirates

        2. South Africa

        3. Rest of Middle East & Africa


    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Position Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Kikkoman Corporation

      2. 6.3.2 Kerry Group PLC

      3. 6.3.3 Olam International

      4. 6.3.4 Cargill, Incorporated

      5. 6.3.5 Sensient Technologies Corporation

      6. 6.3.6 House Foods Group Inc.

      7. 6.3.7 Döhler Group SE

      8. 6.3.8 Baron Spices Inc.

      9. 6.3.9 Prymat Sp. z o .o.

      10. 6.3.10 SHS Group (British Pepper & Spices)

    4. *List Not Exhaustive

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Spices and Seasonings Industry Segmentation

Spices and seasonings are widely used to add flavor, aroma, color, and taste to food & beverages, and sometimes act as preservatives or antibacterial agents. The global seasoning and spices market (henceforth referred to as the market studied) is segmented by product type, application, and geography. Based on product type, the market is segmented into salt and salt substitutes, herbs and seasonings, and spices. Based on herbs and seasonings, the market is further sub-segmented into thyme, basil, oregano, parsley, and other herbs. Based on spices, the market is further segmented into pepper, cardamom, cinnamon, clove, nutmeg, turmeric, and other spices. Based on the application, the market is segmented into bakery and confectionery, soup, noodles, pasta, meat and seafood, sauces, salads, and dressing, savory snacks, and other applications. By geography, the market is segmented into North America, Asia-Pacific, South America, Europe, Middle East & Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).

Product Type
Salt and Salt Substitutes
Herbs and Seasonings
Other Herbs
Other Spices
Bakery and Confectionery
Soup, Noodles and Pasta
Meat and Seafood
Sauces, Salads, and Dressing
Savory Snacks
Other Applications
North America
United States
Rest of North America
United Kingdom
Rest of Europe
Asia Pacific
Rest of Asia-Pacific
South America
Rest of South America
Middle East & Africa
United Arab Emirates
South Africa
Rest of Middle East & Africa
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Spices and Seasonings Market Research FAQs

The Seasoning and Spices Market size is expected to reach USD 19.89 billion in 2024 and grow at a CAGR of 5.18% to reach USD 25.60 billion by 2029.

In 2024, the Seasoning and Spices Market size is expected to reach USD 19.89 billion.

Kikkoman Corporation, Olam International, Sensient Technologies Corporation, Kerry Group Plc and Cargill Incorporated are the major companies operating in the Seasoning and Spices Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Europe accounts for the largest market share in Seasoning and Spices Market.

In 2023, the Seasoning and Spices Market size was estimated at USD 18.91 billion. The report covers the Seasoning and Spices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Seasoning and Spices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Spices and Seasonings Industry Report

Statistics for the 2024 Spices and Seasonings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Spices and Seasonings analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Spices and Seasonings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)