Home Food & Beverages Spices Market Size to hit $55.64 Billion by 2031 at a CAGR of 5.5%

Spices Market

Spices Market Size, Share & Trends Analysis Report By Form (Powder, Whole, Crushed, Chopped), By Product Type (Pepper, Turmeric, Cumin seeds, Cloves, Cinnamon, Cardamom, Others), By Applications (Food and beverages, Meat and Poultry, Snacks and Convenience Food, Soups, Dressings Bakery and Confectionery, Sauces, Frozen Products, Others), By End-User (Households, Food services, Industrial) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2023-2031

Report Code: SRFB54853DR
Study Period 2019-2031 CAGR 5.5%
Historical Period 2019-2021 Forecast Period 2023-2031
Base Year 2022 Base Year Market Size USD 37,218.01 Million
Forecast Year 2031 Forecast Year Market Size USD 55640.91 Million
Largest Market Asia Pacific Fastest Growing Market North America
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Market Overview

The global spices market size was valued at USD 37,218.01 million in 2022. It is estimated to reach USD 55,640.91 million by 2031, growing at a CAGR of 5.5% during the forecast period (2023–2031). Spices' health benefits are becoming more widely known, and consumers' preferences for them are rising. Asia-Pacific is expected to rise significantly during the forecast period and is currently the largest global stakeholder in the spices industry.

Spices are frequently utilized in culinary applications to enhance the sensory attributes of food and drink, such as flavor, aroma, color, and taste. The market growth is due to a significant shift in consumer taste preferences. The popularity of novel chili flavors and combinations is observed in developed and developing regions. Spices are naturally sourced from botanicals and are primarily utilized for their flavor-enhancing properties in creating diverse culinary recipes. In addition to its conventional applications, this substance confers health advantages by supplying anti-oxidative and anti-inflammatory agents. Certain foods have been found to possess anti-cancer properties, rendering them viable therapeutic agents for medicinal applications.


  • Food and Beverages dominate the application type segment
  • Powder form dominates the form type segment
  • Pepper dominates the product type segment
  • Asia-Pacific is the highest shareholder in the global market

Market Dynamics

Spices Market Drivers

Increasing Awareness of the Medical Benefits of Spices

Spices are not just used for flavors and aromas, but these spices are also used as medicine for curing various diseases. Therefore, they have various properties and are used in food to cure many health problems. For example, turmeric is one of the best ingredients, an antioxidant for curing joint inflammation and many diseases. Similarly, cumin seeds are also one of the ingredients with some antiseptic properties that help build the immune system. Many spices are highly antioxidants and help people's overall health, not just turmeric and cumin seeds. The spices are also known for relieving various problems such as digestive problems, respiratory disorders, etc. Such factors drive market growth.

Increasing Consumer Preferences Toward Spices

The industry is also influenced by consumers' growing demand for ready-to-use spices to save time and get an authentic taste. It is anticipated that an increasing desire for real ingredients and a blend of ethnic cuisines would foster industry expansion. Jalapeno, paprika, cilantro, chipotle, cinnamon, and cumin are among the powerful herbs used in Latin cuisine by Hispanics that have recently entered the international market. The working middle class widely accepts these spices, and demand is expected to increase over the coming years.

Spice Market Restraints

Potential for Spice Contamination

Contamination can occur at any stage of the supply chain, from the farm and manufacturing facility through packaging, distribution, and storage. Salmonella and E. coli may damage crops produced in fields. Using artificial substances and colors in the items significantly impacts the final result. Food regulatory and compliance authorities can notify a corporation and the product's makers if a product poses health concerns to consumers' safety, leading to product recall. Product recalls caused by contamination may hurt firms' bottom lines and reputations. Therefore, these variables will impede the expansion of the worldwide market over the forecast period.

Spice Market Opportunities

Rising Popularity of Ethnic Cuisines

Foods from the Middle East, India, Thailand, and Mexico, among others, have become more popular due to globalization. Spices play a significant role in giving these cuisines their unique flavors. The demand for spices integral to the preparation of these dishes has therefore increased, which is great news for businesses involved in cultivating and exporting those spices.

In addition, the rise in food-related activities such as food shows, blogs, and social media platforms greatly popularize and promote ethnic cuisines. Chefs and food enthusiasts showcase diverse dishes highlighting the flavors and methods of culturing that dishes. This exposure makes people curious and encourages them to try new and unfamiliar dishes in their homes, creating opportunities for market growth over the forecast period.

Regional Analysis

Based on region, the global spices market is bifurcated into Asia-Pacific, North America, Europe, Latin America, and the Middle East and Africa.

Asia-Pacific Dominates the Global Market

Asia-Pacific is the most significant global spices market shareholder and is predicted to rise significantly during the forecast period. India, China, Japan, Singapore, and many more contribute to the Asia-Pacific market. Spices and herbs are mostly produced and exported from Asia-Pacific. Compared to other areas, Asia-Pacific has the greatest population globally, and the demand for spices has been impressively increasing. The majority of spices and herbs are cultivated in India, Vietnam, China, and Thailand, making Asia-Pacific the world's largest exporter. India is very popular for its spices used for commercial and household purposes throughout the globe.

Kerala, often referred to as "God's own country," is renowned as the primary spice garden of India. The spices grown in Kerala are of the utmost value for Taste and are also known as the Land of Spices. In addition, the climate of Kerala is ideal for cultivating a wide variety of rich spices. The state has recently produced a wide range of spices in both rich quality and quantity. Consumption in the region is growing quickly due to rising consumer affluence, the launch of several domestic brands, and expanding marketing and promotional efforts. Some known players in the market are AJINOMOTO, Everest, Catch, Ariake Japan, and MDH.

North America is predicted to grow significantly during the forecast period. North America's spices market accounts for the second largest market share as customers' preferences for spices and herbs change, indicating new eating patterns. The industry is expected to grow at a certain rate due to emerging US and Canadian sectors that use spices for other purposes except food flavoring. The growing acceptance of diverse cuisines and the rising popularity of convenience and ready-to-eat food have expanded the spice market. The United States is North America's largest consumer and importer of spices. Commonly used spices in this region are chili peppers, paprika, garlic, cinnamon, cumin, ginger, and many more. In the US market, ethnic spices play a significant role; Middle Eastern, Indian, Chinese, and Mexican cuisines all use a lot of them. North American consumers also have an increasing interest in international cuisines, leading to an increased demand for the spices used in Indian, Chinese, and Middle Eastern dishes.

In Europe, the characteristics and preferences of each region of Europe can be seen in their use of spices, which has led to a dynamic and varied market. Western European nations, namely France, Germany, and the United Kingdom, exhibit a notable gastronomic legacy and a substantial appetite for spices. The markets under consideration tend to favor various spices, encompassing commonly used varieties such as black pepper, paprika, cinnamon, nutmeg, and oregano. The region exhibits a noteworthy demand for spice blends and gourmet mixes that offer convenience to busy households and cater to the preferences of food enthusiasts.

In addition, the European market is experiencing a growing trend towards diverse global cuisines and international flavors. The increasing popularity of Asian, Middle Eastern, and African cuisines has resulted in a surge in demand for spices from different regions. Evidence suggests that European consumers are increasingly open to a wider variety of spices, displaying a willingness to experiment with novel flavor profiles and integrate them into their culinary practices.

Latin American cuisine is recognized for its highly seasoned and flavorful dishes featuring spices and herbs. Central American countries such as Mexico, Guatemala, and Costa Rica exhibit a unique spice culture deeply ingrained in their traditional cuisine. The usage of various spices, including chili peppers (such as jalapeno, habanero, and chipotle), cumin, coriander, oregano, and cinnamon, is prevalent. The spices in question are known to impart unique sensory attributes such as spice, smokiness, and aroma that are commonly associated with the culinary traditions of Central America.

Furthermore, Latin American cuisine incorporates indigenous spices and herbs as a fundamental component. Epazote and Mexican oregano are commonly utilized in Mexican gastronomy. Black mint is a customary herb in Peruvian cuisine with a unique taste. Incorporating indigenous spices and herbs is a significant factor in establishing the authenticity and distinctiveness of the local cuisine.

The Middle East and Africa have vast agricultural potential, making cultivating a myriad of spices feasible. Local production of spices, including black pepper, turmeric, ginger, and cloves, has helped reduce import dependence and strengthen domestic spice markets. Initiatives promoting sustainable agriculture and organic farming methods provide access to high-quality and ethically sourced spices.

Report Scope

Report Metric Details
By Form
  1. Powder
  2. Whole
  3. Crushed
  4. Chopped
By Product Type
  1. Pepper
  2. Turmeric
  3. Cumin seeds
  4. Cloves
  5. Cinnamon
  6. Cardamom
  7. Others
By Applications
  1. Food and beverages
  2. Meat and Poultry
  3. Snacks and Convenience Food
  4. Soups
  5. Dressings Bakery and Confectionery
  6. Sauces
  7. Frozen Products
  8. Others
By End-User
  1. Households
  2. Food services
  3. Industrial
Company Profiles Ajinomoto Co. Inc. Associated British Foods plc Baria Pepper Kerry Group EVEREST Food Products Pvt. Ltd.  Innovative Retail Concepts Pvt. Ltd. World of Spice Ltd. British Pepper & Spice  Blink Commerce Pvt. Ltd. Dohler GmbH.
Geographies Covered
North America U.S. Canada
Europe U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe
APAC China Korea Japan India Australia Taiwan South East Asia Rest of Asia-Pacific
Middle East and Africa UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
LATAM Brazil Mexico Argentina Chile Colombia Rest of LATAM
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
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Segmental Analysis

The global spice market is bifurcated into form, product type, application, and end-user.

Based on the form, the global market is divided into powder, whole, crushed, and chopped.

The powder segment is the highest contributor to the market share and is expected to grow significantly over the forecast period. Various flavorful and visually appealing spices may be found in powdered form. Different powdered spices serve different purposes; some add flavor, while others enhance the dish's scent. One example is the widespread usage of ground black, white, and green peppercorn powder as a spice in cuisines worldwide. The consumption of this substance imparts a piquant and zesty flavor profile to any culinary preparation.

The rhizomes of the turmeric plant are pounded into a bright yellow powder. Turmeric is used as a flavor and coloring agent in addition to its positive health advantages. Cumin powder from ground cumin seeds has a powerful, earthy flavor. In addition, numerous culinary traditions, encompassing Indian, Middle Eastern, and Mexican cuisines, incorporate it as a common ingredient. Cinnamon, ginger, nutmeg, paprika, cardamom, and cloves are just a few of the many powdered spices used to give food its unique taste.

Based on the product type, the global market is divided into pepper, turmeric cardamom, cinnamon, cumin, cloves, and others.

The pepper type owns the highest market share and is expected to grow significantly over the forecast period. Pepper's culinary uses are well known for adding a potent and intense flavor. Its flavor profile of sharp, spicy, and somewhat hot improves the overall flavor of meals by stimulating the taste receptors. Pepper is a mainstay in kitchens throughout the globe since it is used to enhance the flavor and complexity of savory and sweet dishes alike.

Piperine, the main ingredient in pepper, may positively affect health. Antioxidant and anti-inflammatory effects of piperine have been observed. It may help break down food, rev up metabolism, and improve the body's ability to absorb nutrients. Pepper's warming and decongestant properties make it a popular natural cure for coughs, colds, and congestion.

Based on the application, the global market is divided into food and beverages, meat and poultry products, snacks and convenience food, soups, sauces, dressings, bakery and confectionery, and frozen products.

The food and beverages segment is the highest contributor to the market share and is expected to grow significantly over the forecast period. The taste of any food may be improved by using various spices. The flavors of many spices are distinct; for example, black pepper has a sour aftertaste, cinnamon is sweet, cumin has an earthy flavor, and chili peppers have a hot flavor. They are necessary for producing savory, bitter, sour, spicy, fragrant tastes and aromas. In addition, the generation of fragrant molecules is one of the aromatic features of spices. These molecules pique one's interest and make the experience of eating more joyful. Spices like cardamom, cloves, nutmeg, and star anise are all examples of aromatic spices that may be added to food and drink to improve their flavor.

Based on the end-user, the global market is divided into household, food services, and industrial.

The household segment is the highest contributor to the market share and is expected to expand significantly over the forecast period. The household segment refers to consumers purchasing and using spices for their personal needs at home. This segment includes households with individuals and also large families. Individuals commonly utilize spices to augment their self-prepared dishes' taste, scent, and general gastronomic encounter. Spices enhance the flavor profile of different dishes by adding depth, complexity, and a distinct taste. This results in a more pleasurable and fulfilling culinary experience.

Some individuals may explore spices sourced from various regions across the globe to expand their palate and culinary repertoire. Basic varieties of seasonings like black pepper, salt, garlic powder, onion powder, paprika, cumin, oregano, and chili powder are frequently used in household settings. The household segment is subject to various factors that impact its behavior, including but not limited to convenience, packaging options, and affordability. Numerous spice brands provide a range of spice options, such as whole, ground, or pre-mixed spice blends, to accommodate home cooks' diverse requirements and inclinations.

Market Size By Form

Recent Developments

  • February 2023 - Kerry announced new partnerships to consolidate the European distribution network. The company chose Azelis and Caldic as distribution partners for Kerry products to selected customers in the European region. The appointment of these two well-recognized and experienced distributors will extend the reach of Kerry’s portfolio in the market, enabling the supply of more customers with Kerry’s industry-leading products and technologies.

Top Key Players

Ajinomoto Co. Inc. Associated British Foods plc Baria Pepper Kerry Group EVEREST Food Products Pvt. Ltd.  Innovative Retail Concepts Pvt. Ltd. World of Spice Ltd. British Pepper & Spice  Blink Commerce Pvt. Ltd. Dohler GmbH. Others

Frequently Asked Questions (FAQs)

What is the projected market value of the global Spices market?
The global Spices market size is projected to reach USD 55.64 billion by 2031.
The global Spices market growing at a CAGR of 5.5% from (2023–2031).
The powder market sector is expected to dominate over the forecast period.
Key verticals adopting Spices include: - Ajinomoto Co. Inc., Associated British Foods plc, Baria Pepper, Kerry Group, EVEREST Food Products Pvt. Ltd., Innovative Retail Concepts Pvt. Ltd., World of Spice Ltd., British Pepper & Spice, Blink Commerce Pvt. Ltd., and Dohler GmbH.
Rising Popularity of Ethnic Cuisines is one of the key trends in the market of Spices.

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