GCC SPICES MARKET

GCC spices market is expected to grow at a CAGR of 5.0% during the forecast period till 2032 primarily driven by the rich food traditions and the rapid urbanization.

Major Market Drivers and Emerging Trends

The GCC spices market size growth is primarily owing to the rich culinary traditions among countries within the region which have a long history of using spices in their dishes. The deep cultural ties to spices in regional cuisines contribute to a continuous and intrinsic demand for them in the region which ensures a strong and steady market. The rich culinary history secures a dynamic spice market that drives local demand while also drawing international interest which further fosters overall market growth.

The other factor supporting market growth is the growing population and rapid urbanization in the region. The GCC countries have one of the highest urbanization rates globally, currently over 80% and projected to hit 90% in 2050 which reflects concentrated economic activity and rising productivity. The ongoing urbanization trend is fueling the demand for convenience and processed foods which often contain various spices thereby increasing spice demand. Urban residents are increasingly opting for convenient meals that are often enriched with various spices to elevate the flavor.

The growth in income levels is also fueling market demand as consumers are now able to allocate more of their budget to food items particularly spices. With a growing middle class and improved living standards, the GCC is experiencing a thriving consumer market. As wealth increases, consumers are more willing to experiment with diverse flavors which leads to greater demand for spices. Growing income also allows consumers to invest in premium or specialty spices which further drive market growth.

Ecommerce growth is also reshaping the spice industry by providing easier access to a wide range of spices from across the globe. The convenience offered by online retailers enables consumers to effortlessly compare various brands with diverse prices. Additionally, with its rich food culture, the region draws culinary tourists which creates a strong demand for spices with high quality to enhance their gastronomic experiences.

The trends towards healthier diets have also gained momentum as more consumers turn to organic ingredients. The growing focus on healthy eating is expected to boost the need for spices like turmeric that combine flavor with health benefits. Traditional medicine in these regions has long relied on spices and herbs with ancient knowledge about their healing properties handed down by healers through the ages. Aromatic spices are also commonly burned in religious rituals and ceremonies which create a sacred atmosphere and deepen the spiritual connection for participants.

Based on product, pepper is gaining significant growth. Pepper is an indispensable spice in the region as it is recognized for its intense flavor that complements numerous traditional dishes. Aleppo pepper is a slightly spicy chili pepper often found in Middle Eastern dishes known for its mildly tangy flavor. This is a versatile spice featured in blends and sprinkled over foods for additional heat. It can also be used in sauces and marinades to boost flavor.

Cumin is also an important spice in Middle Eastern cooking and is recognized as among the most beloved herbs worldwide. Cumin is a robust and aromatic spice which is essential for creating the distinctive taste in falafel. Similarly cardamom is commonly used to flavor various beverages. While cardamom is commonly used in its ground form, the pods sometimes can be utilized. Green pods give citrus-like flavor while black pods bring a spicier taste with anise notes. Arabic coffee owes its unique flavor to cardamom. Meanwhile, turmeric is commonly used in vegetable and meat dishes. It is typically in ground form as it offers a bitter and mildly peppery taste.

Based on form, the market can be segmented into powder, whole, and chopped or crushed. Powdered spices are highly favored for their extended shelf life and convenience. Whole spices maintain their flavor for a longer period but powder forms are easier to use as they release their flavor into food more quickly.

Based on region, the United Arab Emirates contributes significantly to the spice trade as it is a key re-export center and facilitate the spice movement within the region and to other global markets. Saudi Arabia driven by its large population coupled with expanding tourism also sees high demand for spices.

Top Market Players

Various notable players in the market include Kerry Group, Ajinomoto, Baria Pepper, McCormick & Company, DS Group, among others. Companies in the region use product innovation along with global reach expansion to sustain their competitive edge and fulfill the growing consumer needs.

Key Development

• • In 2023, with their widespread popularity in the Gulf and across the Arab world, Indian spice varieties and their derivatives are expected to be among the first commercial items to pass through the newly established India-Middle East-Europe Economic Corridor.

Segments covered in the Report:

The GCC Spices Market has been segmented on the basis of Product and Form. Based on the Product, the market is segmented into Pepper, Ginger, Cinnamon, Cumin, Turmeric, Cardamom, Coriander, Cloves, and Others. Based on the Form, the market is segmented into Powder, Whole, and Chopped/Crushed.

Market Segmentation

GCC Spices Market by Product

• • Pepper
  • Ginger
  • Cinnamon
  • Cumin
  • Turmeric
  • Cardamom
  • Coriander
  • Cloves
  • Others

GCC Spices Market by Form

• • Powder
  • Whole
  • Chopped/Crushed

GCC Spices Market by Countries

• • UAE Smart Home Market All-Up (Option 1: Free 25% Customization)
  • Saudi Arabia Smart Home Market All-Up (Option 2: Free 25% Customization)
  • Oman Smart Home Market All-Up (Option 3: Free 25% Customization)
  • Kuwait Smart Home Market All-Up (Option 4: Free 25% Customization)
  • Rest of GCC Smart Home Market All-Up (Option 5: Free 25% Customization)

GCC Spices Leading market players (Option 6: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Kerry Group
  • Ajinomoto
  • Baria Pepper
  • McCormick & Company
  • DS Group