Spices Market

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 Spices Market , it includes the dried plant product used primarily for seasoning purposes or medicine effectiveness etc.
Spices Market contains market size and forecasts of Spices in global, including the following market information:
Global Spices Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Spices Market Sales, 2017-2022, 2023-2028, (K MT)
Global top five Spices companies in 2021 (%)
The global Spices market was valued at 7884.2 million in 2021 and is projected to reach US$ 8769.1 million by 2028, at a CAGR of 1.5% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Hot Spices Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Spices include McCormick, Unilever, Ajinomoto, Ariake, Kerry Group Plc. (Ireland), Olam International, Everest Spices, Zhumadian Wang Shouyi and MDH Spices, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Spices manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Spices Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Spices Market Segment Percentages, by Type, 2021 (%)
Hot Spices
Aromatic Spices
Others
Global Spices Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Spices Market Segment Percentages, by Application, 2021 (%)
Catering Industry
Household
Others
Global Spices Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Spices Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Spices revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Spices revenues share in global market, 2021 (%)
Key companies Spices sales in global market, 2017-2022 (Estimated), (K MT)
Key companies Spices sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players 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