Spices Market - Trends Forecast Till 2028

Market Overview

Global Spices market is anticipated to reach USD 6.9 billion in 2021 growing at a CAGR of 6.8% during the forecasting period, 2021-2028.

Spices are plant parts used usually in dried form to give colour and flavour to food. Multiple plant parts are used as spices like coriander is obtained from leaves, turmeric is a root, and chilli powder is from the fruit of chilli plant. India has been the most ancient country to deal in the sector of spices and is known for the flavour and texture of spices produced in the country. Use of spices is not only restricted to flavouring but it also has medicinal properties like turmeric is known for its antibacterial action.

Increased household consumption along with restaurant and other fag sector companies like KFC and Domino’s increased usage of spices and the consumer trend of trying multiple culinary items are some of the factors that have supported long-term expansion for Spices industry.

Key Findings

Global Spices market is segmented into Product, Form and geography.

Product segment is segmented into Pepper, Turmeric

Form segment is segmented into Powder, Whole, Chopped & Crushed

Geographically, global Spices market is sub segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

Competitive Landscape

Key players in global Spices market are Ajinomoto Co., Inc., Associated British Foods plc, ARIAKE JAPAN CO., LTD., Baria Pepper, Kerry Group, The Bart Ingredients Co. Ltd., DS Group; Everest Spices, Dohler Group, McCormick & Company, Inc. among others.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Spices market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope