Seasonings Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

The Global Seasonings Market Size accounted for USD 38.6 Billion in 2022 and is estimated to achieve a market size of USD 64.6 Billion by 2032 growing at a CAGR of 5.4% from 2023 to 2032.

Seasonings Market Highlights

• Global seasonings market revenue is poised to garner USD 64.6 billion by 2032 with a CAGR of 5.4% from 2023 to 2032
• Asia-Pacific seasonings market value occupied around USD 14.7 billion in 2022
• Asia-Pacific seasonings market growth will record a CAGR of more than 6% from 2023 to 2032
• Among application, the savory snacks sub-segment generated over US$ 15.4 billion revenue in 2022
• Based on end-user, the food service sub-segment generated around 55% share in 2022
• Development of personalized and customizable seasoning blends for consumers is a popular seasonings market trend that fuels the industry demand

In times of unstable economic conditions, consumer preferences tend to shift towards homemade food, making the seasoning market seemingly recession-proof. Seasoning plays a vital role in cuisine, enhancing aroma and taste profiles. Primarily used to enrich flavors in snacks, the seasoning market has experienced significant growth due to globalization and the expanding influence of Western cultures. As more consumers seek to elevate their food with enhanced flavors, the global seasoning market has seen remarkable expansion. The rising inclination towards homemade seasonings, valued for their remedial properties, further propels the seasoning market. Traditionally prevalent in Asian countries like India, the consumption and creation of seasonings, in contrast, are projected to surge in Western countries due to evolving demographic conditions.

Global Seasonings Market Dynamics

Market Drivers

• Increasing consumer demand for healthier and natural ingredients
• Growing preference for diverse and exotic flavors in culinary experiences
• Rising awareness of international cuisines and cultural influences on food
• Expansion of the foodservice industry and demand for convenience products

Market Restraints

• Fluctuating prices of raw materials impacting production costs
• Stringent regulations and quality standards affecting market entry
• Limited availability of certain rare or exotic spices impacting supply chains

Market Opportunities

• Innovation in product development for functional and health-focused seasonings
• Penetration into emerging markets and untapped geographical regions
• Expansion of online retail and e-commerce for wider market reach

Seasonings Market Report Coverage

Seasonings Market Insights

The market size of seasonings is anticipated to expand due to the increasing demand for organic herbs and spices among consumers, alongside the rising consumption of ethnic foods globally. This industry growth is driven by factors such as promoting healthier lifestyles, exploring new tastes, and seeking comfort in food choices. The escalating multicultural population worldwide is poised to drive cross-border commerce. Heightened concerns among health-conscious millennial about harmful additives in food products have prompted producers to gradually transition towards natural seasonings.

An upsurge in consumption across baked goods, clothing, ready-to-eat, and ready-to-fry foods presents promising opportunities for business expansion. The industry's growth is propelled by increasing disposable income and rapid product innovations. Furthermore, a substantial increase in the industrial end-use products within the food processing industry will create numerous opportunities for industry participants.

The overall growth of the seasoning market will be influenced by the increased usage of these products across various food items, driven by their remedial benefits. Companies are expected to expand their market share by adapting to changing demographic trends spurred by rapid urbanization and increased per capita income. Additionally, rapid technological advancements and innovations within the food processing and spice formulations industries will further augment the industry's size. Changing consumer preferences, dietary habits, and the proliferation of online food retailers are among the key drivers fostering industry growth.

The company's expansion will be propelled by stringent government regulations and food safety legislation enforced by entities like the FDA, EFSA, and other international regulatory bodies concerning hazardous food additives. For instance, suppliers are required to submit microbial pollution test certificates in accordance with American health guidelines. However, fluctuating prices of raw materials and the growing preference for traditional spices might impede growth in the global seasoning market.

Seasonings Market Segmentation

The worldwide market for seasonings is split based on type, application, distribution channel, and geography.

Seasonings Types

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

The pepper seasoning market held significant value in recent years, surpassing billions in USD. Pepper serves as a rich source of various nutrients like vitamin C, iron, vitamin K, manganese, and dietary fiber, prized for its antibacterial properties, commonly used for food preservation. Its growth is attributed to key health benefits, including preventive measures for hepatic problems, cardiovascular conditions, and cancer. Additionally, the industry is experiencing increased support from white pepper grain, offering diverse business opportunities across various culinary establishments.

Cinnamon is expected to witness considerable growth in global sales over the seasonings industry forecast period. It promotes increased insulin sensitivity in the human body and aids in preventing respiratory, gynecological, and digestive issues. The sector's overall growth is driven by its positive applications as a flavor enhancer across food, bakery, and culinary industries

Seasonings Applications

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

The global savory applications are expected to witness steady growth, driven by a CAGR over the seasonings market forecast period. Changing lifestyles and dietary habits worldwide have contributed to the increasing consumption of savory snacks. The rising popularity of a variety of savory snacks, enhanced by flavor additives and enhancers, presents positive prospects for business expansion. Extruded snacks, nuts, seeds, potato chips, popcorn, pretzels, and meat snacks are gaining traction among both children and adults, driving market applications.

In terms of seasonings market analysis meat and poultry accounted for a significant share in the seasoning market in recent years. The escalating demand for seasonings aligns with the consumption of convenient meat options such as chicken, meat sticks, and meat snack bars. For instance, in the US, where citizens consume a substantial amount of chicken annually according to the USDA, this trend offers lucrative opportunities for industry players to introduce new products. Moreover, the application's growth is further supported by the health benefits associated with proteins, vitamin B, magnesium, riboflavin, iron, and zinc.

Seasonings Distribution Channels

• Food Service
• Retail

According to the seasonings industry analysis, the food service segment dominates the market. This domination is due to the widespread use of seasonings in restaurants, cafes, catering services, and the hospitality sector. Food service channels require large volumes of various seasonings to appeal to a wide range of culinary preferences and menu selections. This segment's suppliers frequently offer bespoke blends and bulk packaging, effectively serving the needs of industrial kitchens. Furthermore, the Food Service sector's need on consistent quality, flavour modification, and simplicity in procuring large amounts puts it as the professional food industry's major avenue for seasoning procurement.

Seasonings Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)

Seasonings Market Regional Analysis

Asia-Pacific is anticipated to witness significant revenue growth, driven by an increasing demand for processed food and beverage products. This upsurge in demand is expected to foster industry development, bolstered by a robust production base and shifting consumer preferences towards Western cuisines in the region. Additionally, many consumers are incorporating spices into their foods to enhance taste and texture, driving business expansion.

Europe accounted for a substantial share in the global seasonings market. Shifting consumer preferences towards dried forms of seasoning as flavor enhancers are poised to expand industrial dimensions across various cuisines in the region. The growth prospects are further fueled by the increasing emphasis on healthy living and the rising popularity of organic spices. Moreover, the strong demand for convenient and ready-to-eat food products amplifies the scope of seasoning applications.

Seasonings Market Players

Some of the top seasonings companies offered in our report includes Algood Food Company Inc., Associated British Foods plc., Boulder Brands Inc., Conagra Brands, Inc., Hormel Foods Corporation, Kellogg Company, Kraft Foods, Mars, Inc., Oetker Group, Procter & Gamble, The Hershey Company, The J.M. Smucker Company, and Unilever Plc.