Spice and Herb Market

Spice and Herb Market Outlook (2024 to 2034)

According to a new industry report released by Fact.MR, revenue from the global spice and herb market is estimated to reach US$172.08 billion in 2024 and has been forecasted to increase at a CAGR of 4.8% to reach US$275.01 billion by 2034.

The food processing industry is one of the key factors behind the expanding spice and herb market size. This industry requires more diverse types of spices and herbs to produce products such as foods, snacks, sauces, seasonings, and others. Spices are widely utilized to increase flavor without sacrificing a pure and natural component profile as consumers demand quick-to-eat but tasty food products.

E-commerce platforms are another important factor that is helping to increase sales of spices and herbs all over the world. Individuals from several countries have widely started to use online platforms or applications to purchase spices and herbs due to the convenience and availability of several types of products.

Key Market Growth Drivers

• Demand for nutritional supplements and functional foods containing spices that hold several health benefits such as cinnamon (which helps regulate blood sugar), ginger (which aids in digestion), and turmeric (which has anti-inflammatory qualities) is continuously increasing.
• Due to increasing trade between the countries, more consumers are increasingly purchasing spices and herbs from diverse countries.
• The interest of consumers is growing in ethnic cuisines that use distinct spices and herbs such as Southeast Asian, Middle Eastern, and Indian dishes, which is contributing to market growth.
• The spice and herb market growth is further driven by the growing desire for real flavors in both home cooking and restaurants. Spice mixes including garam masala, za'atar, and harissa are gaining popularity in several countries.
• A key spice and herb market trend is the growing consumer’s preference for natural, organic, and non-GMO products. Due to this, manufacturers are focusing on meeting this rising trend by producing such products.
• Utilization of spices and herbs as active ingredients is rising in functional food and beverages as products with health-promoting qualities such as infused waters, herbal teas, and functional drinks with oregano, basil, thyme, and others increasing in demand.

Report Attribute	Detail
Spice and Herb Market Size (2024E)	US$ 172.08 Billion
Forecasted Market Value (2034F)	US$ 275.01 Billion
Global Market Growth Rate (2024 to 2034)	4.8% CAGR
North America Market Share (2024E)	23.9%
East Asia Market Value (2024E)	US$ 38.55 Billion
Powder/Granule Segment Value (2034F)	US$ 125.4 Billion
Herbs Segment Value (2034F)	US$ 145.2 Billion
Key Companies Profiled	Koninklijke Euroma BV; DF World of Spices GmbH; McCormick & Company, Inc.; Sleaford Quality Foods Ltd.; RAMÓN SABATER S.A.U.; Everest Spices; Mahashian Di Hatti Pvt. Ltd.; SOLINA GROUP; Verstegen Spices & Sauces B.V.; Paulig Group; Elite Spice; Royal Spices; Starwest Botanicals; Grace Foods; Freddie Hirsch Nigeria.

Which Factors are Contributing to Sales Growth of Spices and Herbs?

“Continuously Increasing Requirement in Food Processing Industry”

The food processing industry is playing a crucial role in the increasing demand for spices and herbs and it is widely incorporating them in a wide range of products such as ready-to-eat meals, snacks, seasonings, sauces, and others. Manufacturers are using herbs and spices to improve flavor while emphasizing a natural and clean ingredient profile in response to consumer's need for quick and savory meal options.

This ongoing trend of consumers' increasing desire for less processed and healthier foods is driving producers to experiment with new spice blends and formulations that satisfy these needs for flavor and convenience without sacrificing quality. In addition, the need for species and herbs is rising, as companies involved in this industry are continuously focusing on launching new products to maintain or gain top position in the market.

What’s Becoming a Major Roadblock in the Market Growth for Species and Herbs?

“Unfavorable Weather Conditions Sometimes End Up Increasing End Product Costs”

Weather, agricultural harvests, and geopolitical concerns are among some variables that cause large swings in the cost of spices and herbs. For example, unfavorable weather conditions sometimes result in subpar harvests, which lowers supply and raises prices.

Also, the growing demand for spices around the world is making it more difficult to maintain consistent quality and safety in spice production. Problems such as contamination with dangerous substances including pesticides, heavy metals, or adulterants occur when companies work to meet this demand, posing serious dangers to food safety.

Country-wise Insights

North America is analyzed to account for 23.9% of the worldwide spice and herb market share in 2024 due to increasing demand for organic and functional spices. Products such as ginger and turmeric, which hold several health advantages, are becoming more popular among consumers in the region.

Why are Sales of Spices and Herbs Growing in the United States?

“Growing Popularity of Ready-to-Cook Meals Driving Up Demand”

Attribute	United States
Market Value (2024E)	US$ 18.3 Billion
Growth Rate (2024 to 2034)	5.2% CAGR
Projected Value (2034F)	US$ 30.47 Billion

The pre-mixed spice blends, marinades, and ready-to-cook meal packages that are readily available are becoming increasingly popular in the United States due to the growing desire for convenience cooking. These products are designed to satisfy time-pressed customers who want to eat more flavorful meals without having to spend as much time preparing them. These easy solutions enable home cooks to add several authentic tastes to their dishes fast and effortlessly without requiring substantial preparation or recipe planning.

This trend is making it simpler for customers to include delectable and healthful foods into their everyday cooking routines, reflecting a broader movement in lifestyle toward efficiency and convenience in the kitchen.

What is the Demand Outlook for Spices and Herbs in South Korea?

“Rising Demand for Functional Food Creating Prospects”

Attribute	South Korea
Market Value (2024E)	US$ 8.56 Billion
Growth Rate (2024 to 2034)	5.5% CAGR
Projected Value (2034F)	US$ 14.67 Billion

The growing popularity of functional food in South Korea is driving up demand for herbs and spices. The popularity of spices such as turmeric, ginger, and garlic is rising as consumers seek goods that offer health advantages beyond basic nutrition. Because of their potential to improve well-being, these spices are included in a wide range of food and beverage options, from ready-to-eat meals to healthy drinks.

More people in South Korea prioritize health and well-being in their dietary choices, which is why this focus on health-promoting qualities resonates with them. This is further driving up interest in functional foods enhanced with natural spices and herbs.

Category-wise Insights

Based on end use, the global market is classified into food, beverages, foodservice, retail/household, and personal care & cosmetics. The food segment is projected to hold a leading position throughout the forecasted period.

The utilization of spices and herbs is increasing in the food industry because of the growing demand for ready-to-eat products and processed food. Food manufacturers are increasingly using it to enhance taste as well as health-beneficial properties in their products.

Why are Spices and Herbs in Powder/Granule Form Gaining Popularity?

“Easy to Add in Wide Range of Food Dishes and Convenience to Use”

Attribute	Powder / Granule
Segment Value (2024E)	US$ 74.68 Billion
Growth Rate (2024 to 2034)	5.3% CAGR
Projected Value (2034F)	US$ 125.4 Billion

Compared to other forms, there is a high demand for spices and herbs in powder and granule form. Powdered spices and herbs are convenient and simple to use, which enables speedy recipe integration without extra preparation.

In addition, they are more useful to individuals as, when stored correctly, they have a longer shelf life. Because the grinding process helps liberate essential oils and compounds, powdered forms have a strong flavor and scent. This improves the taste sensation in general.

Other than this, the popularity of several cuisines and the expanding trend of home cooking are contributing to the increasing demand for these adaptable spice and herb forms because of their increased consumption in several recipes.

Why is Demand for Herbs High Compared to Spices?

“Usefulness in Culinary Dishes and Therapeutic Applications”

Attribute	Herbs
Segment Value (2024E)	US$ 92.06 Billion
Growth Rate (2024 to 2034)	4.7% CAGR
Projected Value (2034F)	US$ 145.2 Billion

Herbs are more in demand than spices because of their high number of health advantages and variety. Fresh herbs are widely utilized in several culinary applications, adding flavor without overpowering meals and appealing to individuals who want lighter and fresher flavors.

Consumers who prioritize well-being are attracted to herbs because of their several health benefits, including their antioxidant qualities and their therapeutic applications. Herbs are becoming essential in both home and professional culinary settings because of the growing popularity of gourmet cooking and plant-based diets.

Competitive Landscape

Key players in the spice and herb industry are diversifying the range of spices, herbs, and blends in their product lines to meet a greater range of culinary uses and dietary requirements. This includes mixes that are functional, organic, and free of gluten.

• In October 2024, Freddie Hirsch Nigeria, an increasingly popular African producer of tastes and ingredients, announced the release of its new line of seasonings with African influences, meant to provide a genuine touch to a range of cuisines.
• In August 2024, the Caribbean food and beverage distributor Grace Foods United Kingdom introduced a new line of products called Jamaican Honey Jerk Seasoning, which combines the sweetness of genuine Jamaican honey with the flavorful, spicy, and savory taste of Jamaican jerk seasoning.
• In February 2023, Starwest Botanicals, the top supplier of organic herbs, spices, and teas, is projected to fulfill the growing demand from consumers for culinary and wellness botanicals with the launch of Eco-Pouch, a new line of herbs and spices.

Fact.MR provides detailed information about the price points of key manufacturers of spices and herbs positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.

Segmentation of Spice and Herb Market Research

• By Product :

  • Spices
    • Cardamom
    • Cinnamon
    • Clove
    • Nutmeg
    • Paprika
    • Pepper
    • Turmeric
    • Cumin Seed
    • Garlic
    • Mustard
  • Herbs
    • Oregano
    • Parsley
    • Mint
    • Basil
    • Rosemary

• By Form :

  • Whole
  • Powder/ Granule
  • Oil

• By Nature :

  • Organic
  • Conventional

• By End Use :

  • Food Processing
    • Soups, Sauces & Dressings
    • Processed Foods
    • Bakery & Confectionery
    • Meat & Seafood
    • Dairy & Frozen Products
  • Beverages
    • Alcoholic
    • Non-alcoholic
  • Foodservice
  • Personal Care & Cosmetics
  • Retail/Household

• By Distribution Channel :

  • Business to Business
  • Business to Consumers
    • Hypermarkets / Supermarkets
    • Convenience Stores
    • Specialty Stores
    • Online Retail

• By Region :

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa