Spices Market Overview
The global Spices market was valued at US$ 7413.6 million in 2019 and is expected to reach US$ 8295.3 million by the end of 2026, growing at a CAGR of 1.6% during 2021-2026.
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.
A spice may have other uses, including medicinal, religious ritual, cosmetics or perfume production, or as a vegetable.
A spice may be available in several forms: fresh, whole dried, or pre-ground dried. Generally, spices are dried. A whole dried spice has the longest shelf life, so it can be purchased and stored in larger amounts, making it cheaper on a per-serving basis. Some spices are not always available either fresh or whole, for example turmeric, and often must be purchased in ground form. Small seeds, such as fennel and mustard seeds, are often used both whole and in powder form.
This report focuses on Spices volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Spices market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan etc.
Market Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type, the Spices market is segmented into
- Hot Spices
- Aromatic Spices
- Others
Segment by Application
- Catering Industry
- Household
- Others
The key regions covered in the Spices market report are:
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Australia
- Taiwan
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Latin America
- Mexico
- Brazil
- Argentina
- Middle East & Africa
- Turkey
- Saudi Arabia
- U.A.E
The major players in global Spices market include:
- McCormick
- Unilever
- Ajinomoto
- Ariake
- Kerry Group Plc. (Ireland)
- Olam International
- Everest Spices
- Zhumadian Wang Shouyi
- MDH Spices
- Catch(DS Group)
- Nestle
- Brucefoods
- Sensient Technologies (U.S.)
- Ankee Food
- Haitian
