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Synopsis
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.
In this report, it includes the dried plant product used primarily for seasoning purposes or medicine effectiveness etc.
The global Spices market was valued at US$ 7662.4 million in 2023 and is anticipated to reach US$ 8574.4 million by 2030, witnessing a CAGR of 1.6% during the forecast period 2024-2030.
India is the largest Spices market with about 63% market share. China is follower, accounting for about 6% market share.
The key players are 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 etc. Top 3 companies occupied about 13% market share.
This report aims to provide a comprehensive presentation of the global market for 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 Spices.
Report Scope
The Spices market size, estimations, and forecasts are provided in terms of sales volume (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Spices market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Spices manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
- 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
Segment by Type
- Hot Spices
- Aromatic Spices
- Others
Segment by Application
- Catering Industry
- Household
- Others
Consumption by Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Russia)
- Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
- Latin America (Mexico, Brazil, Argentina)
- Middle East & Africa (Turkey, Saudi Arabia, UAE)
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Spices manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Sales, revenue of Spices in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 8: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 9: The main points and conclusions of the report.
Index
1 Spices Market Overview
1.1 Product Overview and Scope of Spices
1.2 Spices Segment by Type
1.2.1 Global Spices Market Value Comparison by Type (2024-2030)
1.2.2 Hot Spices
1.2.3 Aromatic Spices
1.2.4 Others
1.3 Spices Segment by Application
1.3.1 Global Spices Market Value by Application: (2024-2030)
1.3.2 Catering Industry
1.3.3 Household
1.3.4 Others
1.4 Global Spices Market Size Estimates and Forecasts
1.4.1 Global Spices Revenue 2019-2030
1.4.2 Global Spices Sales 2019-2030
1.4.3 Global Spices Market Average Price (2019-2030)
1.5 Assumptions and Limitations
2 Spices Market Competition by Manufacturers
2.1 Global Spices Sales Market Share by Manufacturers (2019-2024)
2.2 Global Spices Revenue Market Share by Manufacturers (2019-2024)
2.3 Global Spices Average Price by Manufacturers (2019-2024)
2.4 Global Spices Industry Ranking 2022 VS 2023 VS 2024
2.5 Global Key Manufacturers of Spices, Manufacturing Sites & Headquarters
2.6 Global Key Manufacturers of Spices, Product Type & Application
2.7 Spices Market Competitive Situation and Trends
2.7.1 Spices Market Concentration Rate
2.7.2 The Global Top 5 and Top 10 Largest Spices Players Market Share by Revenue
2.7.3 Global Spices Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.8 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Spices Retrospective Market Scenario by Region
3.1 Global Spices Market Size by Region: 2019 Versus 2023 Versus 2030
3.2 Global Spices Global Spices Sales by Region: 2019-2030
3.2.1 Global Spices Sales by Region: 2019-2024
3.2.2 Global Spices Sales by Region: 2025-2030
3.3 Global Spices Global Spices Revenue by Region: 2019-2030
3.3.1 Global Spices Revenue by Region: 2019-2024
3.3.2 Global Spices Revenue by Region: 2025-2030
3.4 North America Spices Market Facts & Figures by Country
3.4.1 North America Spices Market Size by Country: 2019 VS 2023 VS 2030
3.4.2 North America Spices Sales by Country (2019-2030)
3.4.3 North America Spices Revenue by Country (2019-2030)
3.4.4 U.S.
3.4.5 Canada
3.5 Europe Spices Market Facts & Figures by Country
3.5.1 Europe Spices Market Size by Country: 2019 VS 2023 VS 2030
3.5.2 Europe Spices Sales by Country (2019-2030)
3.5.3 Europe Spices Revenue by Country (2019-2030)
3.5.4 Germany
3.5.5 France
3.5.6 U.K.
3.5.7 Italy
3.5.8 Russia
3.6 Asia Pacific Spices Market Facts & Figures by Country
3.6.1 Asia Pacific Spices Market Size by Country: 2019 VS 2023 VS 2030
3.6.2 Asia Pacific Spices Sales by Country (2019-2030)
3.6.3 Asia Pacific Spices Revenue by Country (2019-2030)
3.6.4 China
3.6.5 Japan
3.6.6 South Korea
3.6.7 India
3.6.8 Australia
3.6.9 Taiwan
3.6.10 Indonesia
3.6.11 Thailand
3.6.12 Malaysia
3.6.13 Philippines
3.7 Latin America Spices Market Facts & Figures by Country
3.7.1 Latin America Spices Market Size by Country: 2019 VS 2023 VS 2030
3.7.2 Latin America Spices Sales by Country (2019-2030)
3.7.3 Latin America Spices Revenue by Country (2019-2030)
3.7.4 Mexico
3.7.5 Brazil
3.7.6 Argentina
3.8 Middle East and Africa Spices Market Facts & Figures by Country
3.8.1 Middle East and Africa Spices Market Size by Country: 2019 VS 2023 VS 2030
3.8.2 Middle East and Africa Spices Sales by Country (2019-2030)
3.8.3 Middle East and Africa Spices Revenue by Country (2019-2030)
3.8.4 Turkey
3.8.5 Saudi Arabia
3.8.6 U.A.E
4 Segment by Type
4.1 Global Spices Sales by Type (2019-2030)
4.1.1 Global Spices Sales by Type (2019-2024)
4.1.2 Global Spices Sales by Type (2025-2030)
4.1.3 Global Spices Sales Market Share by Type (2019-2030)
4.2 Global Spices Revenue by Type (2019-2030)
4.2.1 Global Spices Revenue by Type (2019-2024)
4.2.2 Global Spices Revenue by Type (2025-2030)
4.2.3 Global Spices Revenue Market Share by Type (2019-2030)
4.3 Global Spices Price by Type (2019-2030)
5 Segment by Application
5.1 Global Spices Sales by Application (2019-2030)
5.1.1 Global Spices Sales by Application (2019-2024)
5.1.2 Global Spices Sales by Application (2025-2030)
5.1.3 Global Spices Sales Market Share by Application (2019-2030)
5.2 Global Spices Revenue by Application (2019-2030)
5.2.1 Global Spices Revenue by Application (2019-2024)
5.2.2 Global Spices Revenue by Application (2025-2030)
5.2.3 Global Spices Revenue Market Share by Application (2019-2030)
5.3 Global Spices Price by Application (2019-2030)
6 Key Companies Profiled
6.1 McCormick
6.1.1 McCormick Corporation Information
6.1.2 McCormick Description and Business Overview
6.1.3 McCormick Spices Sales, Revenue and Gross Margin (2019-2024)
6.1.4 McCormick Spices Product Portfolio
6.1.5 McCormick Recent Developments/Updates
6.2 Unilever
6.2.1 Unilever Corporation Information
6.2.2 Unilever Description and Business Overview
6.2.3 Unilever Spices Sales, Revenue and Gross Margin (2019-2024)
6.2.4 Unilever Spices Product Portfolio
6.2.5 Unilever Recent Developments/Updates
6.3 Ajinomoto
6.3.1 Ajinomoto Corporation Information
6.3.2 Ajinomoto Description and Business Overview
6.3.3 Ajinomoto Spices Sales, Revenue and Gross Margin (2019-2024)
6.3.4 Ajinomoto Spices Product Portfolio
6.3.5 Ajinomoto Recent Developments/Updates
6.4 Ariake
6.4.1 Ariake Corporation Information
6.4.2 Ariake Description and Business Overview
6.4.3 Ariake Spices Sales, Revenue and Gross Margin (2019-2024)
6.4.4 Ariake Spices Product Portfolio
6.4.5 Ariake Recent Developments/Updates
6.5 Kerry Group Plc. (Ireland)
6.5.1 Kerry Group Plc. (Ireland) Corporation Information
6.5.2 Kerry Group Plc. (Ireland) Description and Business Overview
6.5.3 Kerry Group Plc. (Ireland) Spices Sales, Revenue and Gross Margin (2019-2024)
6.5.4 Kerry Group Plc. (Ireland) Spices Product Portfolio
6.5.5 Kerry Group Plc. (Ireland) Recent Developments/Updates
6.6 Olam International
6.6.1 Olam International Corporation Information
6.6.2 Olam International Description and Business Overview
6.6.3 Olam International Spices Sales, Revenue and Gross Margin (2019-2024)
6.6.4 Olam International Spices Product Portfolio
6.6.5 Olam International Recent Developments/Updates
6.7 Everest Spices
6.6.1 Everest Spices Corporation Information
6.6.2 Everest Spices Description and Business Overview
6.6.3 Everest Spices Spices Sales, Revenue and Gross Margin (2019-2024)
6.4.4 Everest Spices Spices Product Portfolio
6.7.5 Everest Spices Recent Developments/Updates
6.8 Zhumadian Wang Shouyi
6.8.1 Zhumadian Wang Shouyi Corporation Information
6.8.2 Zhumadian Wang Shouyi Description and Business Overview
6.8.3 Zhumadian Wang Shouyi Spices Sales, Revenue and Gross Margin (2019-2024)
6.8.4 Zhumadian Wang Shouyi Spices Product Portfolio
6.8.5 Zhumadian Wang Shouyi Recent Developments/Updates
6.9 MDH Spices
6.9.1 MDH Spices Corporation Information
6.9.2 MDH Spices Description and Business Overview
6.9.3 MDH Spices Spices Sales, Revenue and Gross Margin (2019-2024)
6.9.4 MDH Spices Spices Product Portfolio
6.9.5 MDH Spices Recent Developments/Updates
6.10 Catch (DS Group)
6.10.1 Catch (DS Group) Corporation Information
6.10.2 Catch (DS Group) Description and Business Overview
6.10.3 Catch (DS Group) Spices Sales, Revenue and Gross Margin (2019-2024)
6.10.4 Catch (DS Group) Spices Product Portfolio
6.10.5 Catch (DS Group) Recent Developments/Updates
6.11 Nestle
6.11.1 Nestle Corporation Information
6.11.2 Nestle Spices Description and Business Overview
6.11.3 Nestle Spices Sales, Revenue and Gross Margin (2019-2024)
6.11.4 Nestle Spices Product Portfolio
6.11.5 Nestle Recent Developments/Updates
6.12 Brucefoods
6.12.1 Brucefoods Corporation Information
6.12.2 Brucefoods Spices Description and Business Overview
6.12.3 Brucefoods Spices Sales, Revenue and Gross Margin (2019-2024)
6.12.4 Brucefoods Spices Product Portfolio
6.12.5 Brucefoods Recent Developments/Updates
6.13 Sensient Technologies (U.S.)
6.13.1 Sensient Technologies (U.S.) Corporation Information
6.13.2 Sensient Technologies (U.S.) Spices Description and Business Overview
6.13.3 Sensient Technologies (U.S.) Spices Sales, Revenue and Gross Margin (2019-2024)
6.13.4 Sensient Technologies (U.S.) Spices Product Portfolio
6.13.5 Sensient Technologies (U.S.) Recent Developments/Updates
6.14 Ankee Food
6.14.1 Ankee Food Corporation Information
6.14.2 Ankee Food Spices Description and Business Overview
6.14.3 Ankee Food Spices Sales, Revenue and Gross Margin (2019-2024)
6.14.4 Ankee Food Spices Product Portfolio
6.14.5 Ankee Food Recent Developments/Updates
6.15 Haitian
6.15.1 Haitian Corporation Information
6.15.2 Haitian Spices Description and Business Overview
6.15.3 Haitian Spices Sales, Revenue and Gross Margin (2019-2024)
6.15.4 Haitian Spices Product Portfolio
6.15.5 Haitian Recent Developments/Updates
7 Industry Chain and Sales Channels Analysis
7.1 Spices Industry Chain Analysis
7.2 Spices Key Raw Materials
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 Spices Production Mode & Process
7.4 Spices Sales and Marketing
7.4.1 Spices Sales Channels
7.4.2 Spices Distributors
7.5 Spices Customers
8 Spices Market Dynamics
8.1 Spices Industry Trends
8.2 Spices Market Drivers
8.3 Spices Market Challenges
8.4 Spices Market Restraints
9 Research Finding and Conclusion
10 Methodology and Data Source
10.1 Methodology/Research Approach
10.1.1 Research Programs/Design
10.1.2 Market Size Estimation
10.1.3 Market Breakdown and Data Triangulation
10.2 Data Source
10.2.1 Secondary Sources
10.2.2 Primary Sources
10.3 Author List
10.4 Disclaimer
Published By : QY Research
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