Seasonings and Spices Market, Global Outlook and Forecast 2023-2030
A spice is a dried seed, fruit, root, bark, or vegetable substance primarily used for flavoring, coloring or preserving food. Because they tend to have strong flavors and are used in small quantities, spices tend to add few calories to food. Many spices, however, can contribute significant portions of micronutrients to the diet.
This report aims to provide a comprehensive presentation of the global market for Seasonings and Spices, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Seasonings and Spices. This report contains market size and forecasts of Seasonings and Spices in global, including the following market information:
Global Seasonings and Spices Market Revenue, 2018-2023, 2024-2030, ($ millions)
Global top five companies in 2022 (%)
The global Seasonings and Spices market was valued at US$ 18720 million in 2022 and is projected to reach US$ 23270 million by 2029, at a CAGR of 3.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Spices and Seasonings key players include Nestle, JDE, The Kraft Heinz, Tata Global Beverages, Unilever, etc. Global top five manufacturers hold a share over 40%.
China is the largest market, with a share over 23%, followed by Europe and India, bo
