Spices & Seasonings Market

Spices & Seasonings Market Set to Achieve $30.35 Billion Valuation by 2031

Spices & SeasoningsMarket2024-2031 According to a recent publication from Meticulous Research , the spices and seasonings market is projected to reach $30.35 billion by 2031, growing at a CAGR of 5.3% during the forecast period from 2024 to 2031. This market expansion is primarily fueled by the rising demand for convenience foods, the growing popularity of vegetarianism and veganism, and the increasing appetite for spicy food products. However, the market's growth is expected to be somewhat restrained by the proliferation of counterfeit spice products. Request for Sample Report: https://www.meticulousresearch.com/request-sample- report/cp_id=5937 Growth Opportunities and Market Trends The increasing focus on health and wellness and the growing demand for organic spices and seasonings are expected to present significant growth opportunities for market players. Additionally, the increasing popularity of ethnic and exotic flavors is a notable trend shaping the spices and seasonings market. Consumers are increasingly seeking unique and diverse flavor profiles, driving demand for a wider variety of spices and seasonings. Key Players in the Market Several key players operate in the spices and seasonings market, including McCormick & Company, Inc. (U.S.), Kerry Group plc (Ireland), D hler Group (Germany), Ajinomoto Co., Inc. (Japan), Associated British Foods plc (U.K.), ARIAKE JAPAN Co., Ltd. (Japan), Baron Spices Inc. (U.S.), SHS Group Limited (U.K.), Watkins Incorporated (U.S.), The Bart Ingredients Company (U.K.), and Frontier Cooperative (U.S.). Market Segmentation The spices and seasonings market are segmented by product type, category, form, distribution channel, and geography. Product Type: The market is categorized into spices (pepper, cardamom, cinnamon, ginger, clove, nutmeg & mace, turmeric, coriander, cumin, chili, and other spices), herbs (oregano, basil, thyme, parsley, mint, rosemary, fennel, and other herbs), and salt & salt substitutes. In 2024, the spices segment is expected to account for the largest share of 55.0% of the market. This dominance is attributed to the increasing awareness of the health benefits associated with spices, the rising demand for processed and convenience foods with diverse flavors, and the growing consumer interest in functional foods. Category: The market is divided into conventional and organic. The organic segment is projected to register a higher CAGR during the forecast period, driven by the rising number of health-conscious consumers, increasing demand for organic food products, sustainability and clean label trends, and growing government support for organic food production. Form: The market is segmented into whole, crushed, and powder. In 2024, the powder segment is expected to account for the largest share of the market. This segment's significant market share can be attributed to the advantages of powdered spices Page 1 of 3 Meticulous Research| sales@meticulousresearch.com

Spices & SeasoningsMarket2024-2031 and seasonings, such as ease of use, versatility in mixing with other ingredients, and extended shelf life. Powdered spices and seasonings are suitable for a wide range of dishes, from savory to sweet, and can be customized easily to accommodate various tastes and preferences. Distribution Channel: The market is divided into food service and retail. The retail segment is projected to register a higher CAGR during the forecast period, driven by the proliferation of e-commerce and online grocery shopping platforms, the convenience and accessibility offered by retail outlets, and the rising preference for home-cooked meals. Geography: The market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Europe is projected to register the highest CAGR during the forecast period of 2024 2031, driven by the rising popularity of exotic cuisines, increasing demand for organic and natural products, and the rising preference for home-cooked meals. Quick Buy: https://www.meticulousresearch.com/Checkout/83943249 About Meticulous Research Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research Email- sales@meticulousresearch.com Page 2 of 3 Meticulous Research| sales@meticulousresearch.com

Spices & SeasoningsMarket2024-2031 Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 3 of 3 Meticulous Research| sales@meticulousresearch.com