Seasoning Market

Seasoning Market was valued at USD 16,045 Million in 2022 and anticipated to reach USD 26,159 Million in 2030 and is expected to register a CAGR of 6.3% during the forecast period.

Seasoning Market Overview

Seasonings include various herbs and spices that are quite often referred to as “seasonings”. These are food items or ingredients readily available in all households because of their importance in almost all food products. Seasoning is essential in cuisine because it adds aroma, flavor, and taste to foods. They are mostly used in the processing of food items both at home and in restaurants.

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Major Seasoning Market Drivers

Increasing usage of seasonings by consumers to improve the taste and flavor of food stands to be a major factor driving the seasonings market growth. In addition, the drift towards western culture and globalization has bolstered the demand for seasonings. Increasing awareness about the medicinal benefits and healing properties of seasonings has increased their applications in various end-use industries which include restaurants, cuisines, and fast food chains, fueling the market growth. Moreover, expansion of tourism sector has bolstered the market growth as tourists are largely attracted to ethnic cuisines infused with natural seasonings. Other factors such as rapid urbanization, changing eating patterns, accelerating income levels and growing demand to try new food are projected to bolster the market growth over the forthcoming years. Several campaigns initiated to encourage the consumption of home-cooked food has added to the market size. For instance, in July 2020, Spiceology, Inc. collaborated with Pixlee and Loop Commerce and initiated the “Coworkers Connecting Through Cooking” program for employers to re-energize and deepen connections with their employees by bringing them together virtually by cooking at home and included guided access to live-streamed cooking classes. However, stringent norms imposed on the import of species, unpredictable weather, and unsystematic logistics in various spice-producing countries might impede the seasoning market size.

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Product Type – Segment Analysis

Based on the Product Type, the Spices segment is expected to grow at a higher CAGR during the forecast period. Growing awareness of the health benefits among the people and properties of different spices will help in growing their demand over the forecast period. In 2020, India was the largest producer, consumer, and exporter of spices across the globe. According to the Government of India, the country reported more than 65% of the total volume produced that year. A large number of spices have antioxidant characteristics and are also useful in treating various diseases and health problems. For example, turmeric is a rich source of antioxidants and protects from illnesses like Alzheimer’s, joint inflammation, and cancer. Additionally, cumin seeds contain antiseptic properties and help in enhancing the immune system. These seasoning and spices can be utilized as substitutes for medicinal and beauty products.

Application – Segment Analysis

Based on the Application, the Sauces, Salads and Dressing segment is expected to grow at a higher CAGR during the forecast period. Rising health consciousness among the people has driven the consumption of salads, thereby driving the demand for different kinds of dressings and sauces in the seasoning and spices market. This has had a positive impact on market growth. Furthermore, organic product variants in this category have witnessed significant demand owing to the perception that these ingredients are healthier than processed foods.

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Regional – Segment Analysis:

Based on the region, the Asia-Pacific region is projected to dominate the market during the forecast period. China is the biggest market in the region followed by the Indian market. The climatic conditions of the Asia-Pacific region are suitable for the growth of various spices and seasonings. Thus the region produces the best quality of spices, which brings the major players in the market. The majority of the countries in Asia-Pacific use locally produces spices and seasonings. Additionally, a considerable volume of spices from the region is exported to Europe and North America.

Top Market Players

Various notable players operating in the market include McCormick & Company, Inc., Associated British Foods plc, Kerry Group plc, Olam International, Ajinomoto Co., Inc., ARIAKE JAPAN Co.,Ltd., SHS Group, Doehler Group SE, Sensient Technologies Corporation, EVEREST Food Products Pvt. Ltd., among others. 

Key Developments:

• • In 2021, the Kerry group acquired the Jining nature group. The company is a Chinese producer of seasonings, flavors, and prepared food products and holds a leading position in China.
  • In 2020, Mizkan America, Inc., a chili pepper business based in the U.S. was acquired by Olam Food Ingredients (OFI) for USD 108.5 million. The acquisition aligned with the strategic plans for the North American seasoning market.
  • In 2019, McCormick & Company planned to launch a new product line of spices named ‘ONE’, by the end of the year. The new product of spices has features recipe mix flavors which is useful for popular dishes such as new Orleans sausage and Tuscan chicken.

Segments covered in the Report:

The global Seasoning market has been segmented on the basis of Product Type, Application, and regions. Based on Product Type, the market is segmented into Salt & Salt substitutes, Herbs and Spices. The Herbs segment is further categorized into Thyme, Basil, Oregano, Parsley and Other. The Spices segment is further categorized into Pepper, Cardamom, Cinnamon, Clove, Nutmeg, Turmeric and Other. Based on Application, the market is segmented into Bakery and Confectionery; Soup, Noodles and Pasta, Meat and Seafood; Sauces, Salads, and Dressing, Savory Snacks and Other. 

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Market Segmentation

Global Seasoning Market by Product Type

• • Salt & Salt substitutes
  • Herbs
    • Thyme
    • Basil
    • Oregano
    • Parsley
    • Other
  • Spices
    • Pepper
    • Cardamom
    • Cinnamon
    • Clove
    • Nutmeg
    • Turmeric
    • Other

Global Seasoning Market by Application

• • Bakery and Confectionery
  • Soup, Noodles and Pasta
  • Meat and Seafood
  • Sauces, Salads, and Dressing
  • Savory Snacks
  • Other

Global Seasoning Market by Region

• • North America Seasoning Market (Option 1: As a part of the free 25% customization)

    • By Product Type
    • By Application
    • US Market All-Up
    • Canada Market All-Up

  • Europe Seasoning Market (Option 2: As a part of the free 25% customization)

    • By Product Type
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Seasoning Market (Option 3: As a part of the free 25% customization)

    • By Product Type
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Seasoning Market (Option 4: As a part of the free 25% customization)

    • By Product Type
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Seasoning (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • McCormick & Company, Inc.
  • Associated British Foods plc
  • Kerry Group plc
  • Olam International
  • Ajinomoto Co., Inc.
  • ARIAKE JAPAN Co.,Ltd.
  • SHS Group
  • Doehler Group SE
  • Sensient Technologies Corporation
  • EVEREST Food Products Pvt. Ltd.,