Spice Market Report Scope & Overview:

The Spice Market Size was esteemed at USD 5.63 billion out of 2022 and is supposed to arrive at USD 9.60 billion by 2030, and develop at a CAGR of 6.92% over the forecast period 2023-2030.

A spice is a seed, natural product, root, bark, or other plant substance fundamentally utilized for enhancing or shading food. Spices are recognized from spices, which are the leaves, blossoms, or stems of plants utilized for seasoning or as an enhancement. Spices are some of the times utilized in medication, strict customs, beauty care products, or aroma creation. For instance, vanilla is regularly utilized as a fixing in scent manufacturing.

Spice Market Revenue Analysis

A spice might be accessible in a few structures: new, entire dried, or pre-ground dried. For the most part, spices are dried. Spices might be ground into a powder for comfort. An entire dried zest has the longest timeframe of realistic usability, so it tends to be bought and put away in bigger sums, making it less expensive on every serving premise. A new zest, like ginger, is generally more delightful than its dried structure, yet new spices are more costly and have a lot more limited timeframe of realistic usability. A few spices are not generally accessible either new or entire, for instance, turmeric, and frequently should be bought in-ground structure. Little seeds, for example, fennel and mustard seeds, are many times utilized both entire and in powder structure.

Ajinomoto has sent off a nourishment technique that the organization accepts will empower it to use its exceptional skill in amino acids to convey arrangements that meet its two worldwide vital needs: salt decrease and ideal protein consumption for the maturing populace.

Market Dynamics:

Driving Factors:

  • Straightforward bundling.

  • Cafés, bars, and resorts are likewise zeroing in on giving buyers a sample of various culinary from chosen districts.

Restraining Factors:

  • Falsifying spice items.


  • Most of the cheap food chains like domino's, McDonald’s, and Starbucks are well disposed towards the utilization of bean stew chips, dark pepper, dried ginger powders, and parsley.

  • With a higher time, span of usability.


  • Food extortion.

Impact of Covid-19:

The year 2020 has ended up being a terrible one for spices. The value information of the main four traded exchanged spices including cumin seed (jeera), coriander (dhania), turmeric, and cardamom demonstrate a sharp fall in the scope of 8% to as high as 56% during the year making the complex the most terrible performing Agri-ware portion this year. Information uncovers cardamom prospects experienced the steepest fall at 56%, trailed by coriander and jeera at 16% and 15 percent, separately, while turmeric fates fell by around 8.5 percent during the year.

Impact of the Ukraine and Russia war:

Spices costs are additionally on the bubble because of neighborhood deficiencies and solid worldwide interest. "Coriander costs have expanded by around 28% during the beyond a couple of months as the harvest is more modest. Presently, we expect expanded send-out interest for Indian coriander as provisions from the dark ocean locale will be confined," said Ashwin Nayak, establishing administrator, Federation of Indian Spice Stakeholders.

Market Estimations:

Product type:

Pepper is a fragrant flavor gotten from the natural product peppercorn and has been utilized for quite a long time. It incorporates dark pepper, green pepper, and white pepper, accessible in entire or ground structure. Dark pepper is the principally utilized type of pepper overall and is likewise usually known as the lord of flavors. Turmeric is generally new in American cooking yet has been utilized in Asia and the Middle East for millennia. It is more open in a ground, radiant orange powder structure, and can be tracked down in any flavor passageway.


Developing purchaser inclination for entire flavors to save time and accomplish valid flavor is expected to drive their interest. These items are to a great extent sold as different blends. Powdered structures are utilized as marinades, rubs, nibble blends, and enhancing specialists for curries. They can be blended in with water or can be straightforwardly sprinkled into the recipe. Entire flavors are favored inferable from their commitment to new and dynamic flavors, which make them tremendously significant for food varieties. They have a more extended time span of usability than different partners.


By application, the soups, sauces, and dressings section drive the objective market. Moving shopper inclinations towards prepared to-prepare feasts and changing ways of life is supposed to stay a significant development energizer for the development of the market before very long.

Key Market Segmentation:

By Product Type:

  • Pepper

  • Ginger

  • Cinnamon

  • Cumin

  • Turmeric

  • Cardamom

  • Coriander

  • Cloves

  • Others

By Form:

  • Powder

  • Whole

  • Chopped/Crushed

By Application:

  • Soups

  • Sauces

  • Dressings

Spice Market Segmentation Analysis

Regional Analysis:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

The Asia Pacific held the biggest offer. The Asia Pacific is one of the main makers and exporters of flavors. The area has the biggest populace on the planet and has been seeing great development in the interest in flavors. The utilization in the locale is likewise developing at a high speed with the rise of showcasing and special exercises, expanding shopper pay, and the development of homegrown brands.

Key Players:

Ajinomoto Co., Inc., Kerry Group, The Bart Ingredients Co. Ltd., DS Group, Everest Spices, Dohler Group, Associated British Foods plc, ARIAKE JAPAN CO., LTD., Baria Pepper, McCormick & Company, Inc.

DS Group-Company Financial Analysis

Company Landscape Analysis​​​​​​​

Spice Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 5.63 Billion
Market Size by 2030 US$ 8.41 Billion
CAGR CAGR 6.92% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Product (Pepper, Turmeric)
• by Form (Powder, Whole, Chopped & Crushed)
• by Application (soups, sauces, and dressings)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Ajinomoto Co., Inc., Kerry Group, The Bart Ingredients Co. Ltd., DS Group, Everest Spices, Dohler Group, Associated British Foods plc, ARIAKE JAPAN CO., LTD., Baria Pepper, McCormick & Company, Inc.
Drivers •Straightforward bundling.
•Cafés, bars, and resorts are likewise zeroing in on giving buyers a sample of various culinary from chosen districts.
Market Opportunities •With a higher time, span of usability.

Frequently Asked Questions

Ans: Product type, Form, and Application segments are covered in the Spice Market.

Ans: Manufacturers, Research Institutes, university libraries, suppliers, and distributors of the product.

 Ans: The Asia-Pacific has the biggest offer in the Spice market.

 Ans: Falsifying spice items and Food extortion are the restraining factor and challenges faced by the Spice market.

Ans: The Global Spice Market Size is supposed to arrive at USD 8.41 billion by 2028, and develop at a CAGR of 6.92% over the forecast period 2022-2028.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value chain analysis

6. Porter’s 5 forces model

7. PEST analysis

8. Global Spice Market segmentation, Product type:

8.1 Pepper

8.2 Ginger

8.3 Cinnamon

8.4 Cumin

8.5 Turmeric

8.6 Cardamom

8.7 Coriander

8.8 Cloves

8.9 Others

9.  Global Spice Market segmentation, By Form:

9.1 Powder

9.2 Whole

9.3 Chopped/Crushed

10.  Global Spice Market segmentation, By application:

10.1 Soups

10.2 Sauces

10.3 Dressings 

11. Global Spice Market, by region/ country

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12. Company profiles

12.1 Ajinomoto Co., Inc.

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 Swot Analysis

12.1.4 The SNS View

12.2 Kerry Group

12.3 The Bart Ingredients Co. Ltd.

12.4 DS Group, Everest Spices

12.5 Dohler Group

12.6 Associated British Foods plc


12.8 Baria Pepper

12.9 McCormick & Company, Inc.

13. Competitive Landscape

13.1 Competitive Bench Marking

13.2 Market Share Analysis

13.3 Recent Developments

14. Conclusion

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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