Growing Value of Herbs & Spices as a Healthful Flavor & Taste Enhancer to Drive Global Consumption of Spices and Seasonings

The global market for Spices and Seasonings is projected to exceed 3.3 million metric tons by 2024, driven by the growing demand for spices and herbs as natural ingredients imparting not just flavor and taste to food dishes but also health and wellness. Fresh, dried, broken, whole, and powdered spices are all poised to benefit from the increasing popularity of Mexican, Asian and Middle Eastern cuisines.

Spices perfectly unite with clean label and represent natural ingredients with exceptional capability to transform a simple dish into a special one. Spices are extracted from seeds, flowers, the bark or the roots of plants that are native to tropical areas and have long been used across the world to add healthy flavors to foods in fresh, dried or frozen form. Spices, perceived as a superfood with the potential to become the next multi-vitamins, are currently undergoing a “Renaissance” against the backdrop of spiraling consumer interest in food-based health and well-being. In addition to their culinary value, spices are enjoying renewed interest for their healing powers with the emergence of the science of spice that focus on meeting the rising demand for tasty, natural, healthy and safe food. As the richest sources of antioxidants, spices are leaving other superfoods far behind in terms of popularity and penetration. Myriad health and wellness benefits of spices that are driving widespread consumption across the world include their high antioxidant properties, and the anti-inflammatory effects of regular consumption of spices and herbs as inflammation plays a major role in the development of major diseases such as cardiovascular diseases, cancer, neurological diseases, pulmonary diseases, Alzheimer’s, diabetes, arthritis, and autoimmune diseases.

Healthy growth is projected for the market in the coming years driven by the urgent need to enable effective maintenance of health and wellbeing the natural way, and growing appetite for international cuisine such as Mexican, Asian, and the Middle Eastern. Increasing use of spices as a natural, clean, and healthy ingredient in packaged food; consumer penchant for new tastes and flavor options; mushrooming ethnic restaurants; rising popularity of natural and organic spices and herbs as the green and sustainable source of good nutrition; expanding aging population; globalization; surging demand for spices that aid weight loss; emergence of pepper as the ‘King of Spices’ owing to its healing properties and one of the most important ingredients in Chinese, Ayurveda, Unani and other conventional medicines, and growing awareness about the medicinal value of various other spices represent other important growth drivers. Supported by various research programs conducted on discovering their healing characteristics, garlic, cinnamon, ginger, cumin, turmeric, fennel, anise, coriander, paprika and oregano, among several other spices, are touted to offer enormous medicinal value in terms of lowering blood pressure and maintaining healthy body weight, besides preventing certain types of cancers; improving insulin sensitivity, aiding cardiovascular health, and controlling blood glucose levels.

As stated by the new market research report on Spices and Seasonings, the United States represents the largest market worldwide, followed by Europe. Rising immigration levels and the subsequent rise in demand for authentic ethnic flavors is a major factor influencing the consumption of spices and seasonings in these countries. Asia-Pacific, supported by India and China, represents the fastest growing market worldwide with a CAGR of 6.7% over the analysis period. India is the leading producer, exporter and consumer of spices globally. The country accounts for more than 50% of total trading of spices, and produces and exports more than 70 varieties of the total 109 spices registered by the International Organization for Standardization (ISO).

Key players in the market include Ajinomoto Co., Inc., Ariake Japan Company Limited, Asenzya, British Pepper & Spice Company Limited, B&G Foods, Inc., Fuchs North America, Golden West Specialty Foods, Inc., Griffith Foods, Inc., Harris Freeman & Company Inc., Italpepe srl, K•I•S CO. Ltd., McCormick & Co., Inc., Mehran Spice & Food Industries, Old Mansion Foods, Old World Spices & Seasonings, Oregon Spice Company, Rocky Mountain Spice Company, S&B Foods Inc., Synthite Industries Ltd., The Bart Ingredients Company Ltd., The Spice Way, Vanns Spices Ltd., Victoria Gourmet, Inc., WILD Flavors GmbH, Williams Foods, Inc., Wixon, and Xcell International Corp., among others.

The research report titled “Spices and Seasonings - Market Analysis, Trends, and Forecasts” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, issues, challenges, mergers, acquisitions, and other strategic industry activities of major players worldwide. The report provides market estimates and projections for all major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), the Middle East & Africa, and Latin America (Brazil and Rest of Latin America). Product segments analyzed for the global and major regional markets include Dehydrated Onion/Garlic; Mustard Seed; Pepper; Sesame Seed; Paprika; Cinnamon, and Others.

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