Seasonings Market (By Type: Oregano, Pepper, Cumin, Turmeric, Garlic, Cardamom, Paprika, Ginger, Cinnamon, Coriander, Cloves; By Application: Bakery & Confectionery, Frozen Foods, Savory Snacks, Beverages, Meat & Poultry) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global seasonings market value is expected to reach around US$ 25 billion by 2026 and growing at noteworthy CAGR of 4.3 % throughout the forecast period 2019 to 2026. The report provides analysis of global Seasonings market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.

Consumer preference in house-produced food in unsustable economic conditions, the seasoning market is considered to be the recession-proof market. Seasoning is an essential element of cuisine, since it is responsible for adding aroma and taste. Seasoning is mainly used to enhance the food flavor in snacks. The seasoning market has increased dramatically as a result of globalization and the growing influence of western countries. As the number of consumers grows considering seasoning to increase their foods with better tastes, global seasoning markets grow enormously. The greater predilection of consumers for homemade seasonings because of their remedial nature, is another reason for the expansion of the seasoning market. In Asian countries such as India, seasonings have traditionally been created and consumed extensively. In view of the changing demographic conditions in the western countries, however, seasoning and spices are expected to increase. 

Market Dynamics

Increasing demand for organic herbs and spices among consumers and increasing consumption of ethnic foods worldwide will increase the market size of the seasonings. The growth of industry is fueling such factors as healthy livelihood, new tastes and comfort food. The worldwide growing multicultural population is also likely to boost cross-border commerce. Increased concern regarding the consumption by health-conscious millennials of dangerous additives in food products has led producers to gradually adjust themselves to natural seasonings.

Increasing demand for organic herbs and spices among consumers and increasing consumption of ethnic foods worldwide will increase the market size of the seasonings. The growth of industry is fueling such factors as healthy livelihood, new tastes and comfort food. The worldwide growing multicultural population is also likely to boost cross-border commerce. Increased concern regarding the consumption by health-conscious millennials of dangerous additives in food products has led producers to gradually adjust themselves to natural seasonings.

Rising baked goods, clothing, ready-to-eat and ready-to-fry foods consumption will provide positive scope for business expansion. The size of the industry is promulgated by growing disposable income and rapid product innovations. A considerable increase in the food processing industry's industrial end-use product will foster numerous opportunities for industry participants.

The overall seasoning market growth will be affected by the rise in product use in many food items due to their remedial benefits. The company's share will increase by changing demographic trends due to rapid urbanization and increased per capita income. Moreover, rapid technological developments and innovations in the food processing and spice formulations industry will boost the size of the industry. Changing consumer choices, eating habits, and the presence of food retailers online are some of the key drivers for boosting growth in the industry.

The company's expansion will be stepped up by strict government and food safety legislation in several products by the FDA, EFSA and other international regulating bodies on hazardous food additives. Suppliers must, for example, submit microbial pollution test certificates according to the American health guidelines. However, fluctuating prices of raw materials and increasing preference for traditional spices may interfere with growth on the global seasoning market.

Type Stance

In 2018 the pepper seasoning market was worth more than 4 billion USD. Pipe is also a rich source of vitamin C, iron, vitamin K, manganese and dietary fiber and is used to preserve food for its anti-bacterial properties. The segment's growth will increase with key benefits like effective hepatic problems prevention, cardiovascular conditions and cancer. The industry is increasingly supported by white pepper grain that offers various business opportunities in several restaurants & restaurants.

Over the forecast period, Cinnamon is expected to see a growth of more than 6 percent in global seasoning sales. It provides an increased sensitivity to insulin in the human body and helps to avoid conditions like respiratory disease, gynecological problems and digestive problems. The overall growth of the sector will promulgate positive applications as a flavor enhancer for food, bakery and clothing.

Application Insights

CAGR will be registered over five percent by 2026 in global savory applications. Due to the changing way of life and food consumption, savory snacks consumption is increasing worldwide. The increased popularity of several savory snacks with different tastes due to the flavor additives and enhancers gives the business expansion positive perspectives. Extruded snacks, nuts and seeds, potato chips, popcorn, pretzel and meat snacks are becoming very popular among children and adults, fueling applications.

Over 20% of the overall seasoning market was in 2018 for meat and poultry. The increasing demand for seasoning will be increased with the consumption of convenient meats such as chicken, meat sticks and meat snack bars . For example, according to the USDA, US citizens consume 90 pounds of chicken per person per year, providing industry players with lucrative opportunities to launch new products. In addition, the growth of the application will be further promoted by key health adds like proteins, vitamin B, magnesium and riboflavin, iron, zinc.

Regional Stance

In terms of revenue, Asia Pacific is projected to grow significantly by more than 4 per cent by 2026. The increasing demand for processed food and drink products is expected to boost the development of the industry. Regional growth will be promulgated along with the strong production base and the changing consumer trends towards western cuisines. Furthermore, many consumers tend to improve their food with spices for better taste and texture, which will boost business expansion in return.

In 2018 the global seasonings market accounted for more than 25 percent of Europe. Shifting consumer preferences to dried product form as a flavor enhancer will boost industrial dimensions in the region in several cuisines & dishes. A strong prospect of business expansion will be the growth of healthy living and the increasing popularity of organic spices. Strong demand for comfort and ready to eat food products will also fuels the scope of the product application.

Market Segmentation

Global Seasonings Market, by Type

• Oregano
• Pepper
• Cumin
• Turmeric
• Garlic
• Cardamom
• Paprika
• Ginger
• Cinnamon
• Coriander
• Cloves

Global Seasonings Market, by Application

• Bakery & Confectionery
• Frozen Foods
• Savory Snacks
• Beverages
• Meat & Poultry

Global Seasonings Market, by Geography

• North America
• U.S.
• Canada
• Mexico

• Europe
• UK
• Germany
• France
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• Australia
• Rest of Asia-Pacific
• Latin America
• Brazil
• Chile
• Rest of Latin America

• Middle East and Africa (MEA)
• South Africa
• Saudi Arabia
• Rest of MEA

The market research study on “Seasonings Market (By Type: Oregano, Pepper, Cumin, Turmeric, Garlic, Cardamom, Paprika, Ginger, Cinnamon, Coriander, Cloves; By Application: Bakery & Confectionery, Frozen Foods, Savory Snacks, Beverages, Meat & Poultry) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Seasonings market segments with market dynamics and their impact. The report also covers basic technology development policies.

The report offers an overview of the market and statistical diagrams to support the expected figures. Our analysts predict the market scope and future prospects in an insightful way. The Acumen Research and Consulting report contains a comprehensive analysis of the global market in Seasonings segmented by molecular type, test type and region. The report outlines numerous growth strategies implemented by companies as well as the latest market trends. The market share and current position of all leading players are discussed in detail. It analyzes players ' new revenue sources and highlights the different strategies.

Key Players & Strategies

The Seasonings market is consolidated with large number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. The key players of the market are McCormick & Company, Inc., Ajinomoto Co., Corbion, Nestle, Olam International, Associated British Foods PLC. and others.

MDH Spices, Everest Spices, Symega Food Ingredients Limited, DS Group, Unilever, Kraft Heinz Co., and Ariake Japan Company are also notable industries participants. Other key strategies adopted by key industry players are supply chain agreements, mergers & procurements, and product improvements. The Kraft Heinz Co. acquired, for example, the Primal Nutrition LLC for approximately US$ 200 million on 29 November 2018. The acquisition helped the company diversify its product portfolio and innovate them.