Dried Spices Market

Dried Spices Market Outlook (2022 to 2032)

The dried spices market has reached a CAGR of 4.6% during the forecast period. The market is projected at USD 5,763.5 million in 2022, and is likely to be valued at USD 9,036.5 million by 2032.

Growing health consciousness among consumers fuels the dried spices market. The demand for dried spices is anticipated to experience considerable expansion in the upcoming years, due to the rising number of food applications and the food processing sectors.

Growing cuisine trends and the high popularity of ready-to-use spice mixtures such as oregano are expected to bolster the dried spices market size in recent years. In recent years, customer preferences and an increase in food applications have driven industry expansion.

Businesses can significantly expand their dried spices market share by working with end users, such as producers of food, drink, and pharmaceuticals. Other significant trends in the dried spices market around the world include consumers exploring new, pricier foods and changing their eating habits.

Report Attribute	Details
Dried Spices Market Value (2022)	USD 5,763.5 Million
Dried Spices Market Anticipated Value (2032)	USD 9,036.5 Million
Dried Spices Market Projected Growth Rate (2032)	4.6%

In recent years, various countries have begun to adapt the flavor of cuisine prepared using dried spices. Another factor driving the growth of the dried spice market during the forecast period is the increase in organic product consumption.

How Dried Spices Market Emerging in Different Sectors?

Sectors	Emerging Factors
Food & Beverages	Various foods and beverages frequently employ dried spices. In addition, these spices are increasingly being employed in the production of deceitful goods, such as snacks, sauces, soups, canned goods, and others. As a result, the global dried spices market is expanding due to the rising demand for all of these items.
Pharmaceuticals	Several pharmaceutical companies are seeing increased interest in dried spices. The wide range of medical benefits of dried spices is one of the main causes of this situation. Vendors in the global dried spices market are consequently benefiting from tremendous demand opportunities from the pharmaceutical industry. In addition, the demand for dried spices is expanding due to the changing culinary trends and greater acceptance of ready-to-use spice blends.

What are the Hampering Factors in the Dried Spices Market?

The global dried spices market is impacted by macroeconomic variables, such as globalization and population growth. On the other hand, unreliable weather conditions and ineffective logistics are a few of the factors that would hinder the growth of the global market for dried spices during the forecast period.

Regional Insights

How is Europe Performing in the Dried Spices Market?

Europe is a prominent leader in the dried spices market by acquiring the largest share during the forecast period.

The region is advancing the market due to varying medicinal benefits of dried spices, increasing trend of diverse cultural cuisine and increasing consumption of processed foods. Furthermore, due to contributing high demand for dried spices for food & beverages and pharmaceuticals industries during the forecast period.

What is the Asia Pacific Outlook of the Dried Spices Market?

Asia-Pacific has a stockpile of dried spices, and as a second-place market, it is expected to have greater CAGR growth over the coming years. In terms of volume, it dominates the world market for dried spices, due to the increased consumer demand for dried spices and the recent population growth in developing nations like China and India.

India is a major exporter as well as consumer of dried spices, which contributes to maximum revenue through it. India cultivates types of dried spices on a seasonal basis. According to a survey, India contributes nearly 75% of the spices all around the globe. Hence, it is a huge achievement, which is likely to increase the dried spices market growth in the region.

Start-Up Ecosystem

How Start-Up Companies are Pumped-up in the Dried Spices Market?

There are several huge companies present in the market for dried spices all around the globe. The start-ups are joining the market intending to present their premium quality products to the consumers.

Hence, the start-ups are providing a better quality of natural dried spices with no addition of any chemical. They have been offering high nutrients and better tasting dried spices in recent years. Some of the start-ups are listed below:

Top 2 Start-ups in Dried Spices

• All India Agro is an Indian-based start-up founded in 2010. The motto behind the start-up is to provide traceable food to consumers. They trace the product from the growing process to consumption in recent years. The start-up also creates premium and organic packs of spices and other non-perishable products, including moringa seed oil.
• Seed Root and Leaf is a French start-up which provides pure and original spices to consumers. The start-up sources fresh spices right after their harvesting. They are promoting sustainable practices and are using biodegradable packaging, including paper pouches and tin boxes.

How Competition Influences the Dried Spices Market?

The abundance of key playing companies in the dried spices collectively enhances the market growth in recent years. The companies collect relevant data to increase the production and supply in the particular region to raise market growth during the foreseen time.

Moreover, they are adopting several marketing strategies, such as partnerships, collaboration and others, to acquire lion’s share.

Recent Developments in the Dried Spices Market

• In Jan 2022, Kerry Group, a public food corporation, unlocked its new state-of-the-art facility in Saudi Arabia, which is about 21,500 square feet.
• In Feb 2021, Kerry announced the completion of the acquisition with Jining Nature Group. It is a China-based company which holds a significant position in the market in the preparation of seasonings and flavors of food products.

Some of the players identified in the global dried spices market include

• DS Group
• The Kraft Heinz Company
• Ajinomoto Co. Inc.
• Knorr Foods Co., Ltd.
• Nestle S.A.
• McCormick & Company
• Bart Ingredients Company Ltd.
• Baria Pepper
• MDH Pvt. Ltd.
• Everest Spices company.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 4.6% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2016 to 2021
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD million and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Product Type, Distribution Channel, End-Use, Source, Product Form, Region
Regions Covered	North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa
Key Countries Profiled	USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa
Key Companies Profiled	DS Group; The Kraft Heinz Company; Ajinomoto Co. Inc.; Knorr Foods Co., Ltd.; Nestle S.A.; McCormick & Company; Bart Ingredients Company Ltd.; Baria Pepper; MDH Pvt. Ltd.; Everest Spices company
Customization	Available Upon Request

Key Segments

By Product Type:

• Pepper
• Paprika
• Cloves
• Coriander
• Turmeric
• Cumin
• Oregano
• Thyme
• Parsley
• Marjoram
• Bay Leaves
• Mint
• Others

By Distribution Channel:

• Hypermarket/ Supermarket
• Grocery Stores
• Online Channel
• Others

By End-use:

• Retail
• Industrial
• Catering

By Source:

• Natural
• Organic

By Product Form:

• Powder
• Whole Dried Spice

By Region:

• North America
• Latin America
• Asia Pacific
• MEA
• Europe

Frequently Asked Questions

What is the Growth Outlook for the Dried Spices Market?

The dried spices market is predicted to advance at a CAGR of 4.6% from 2022 to 2032.

Which Region Leads the Dried Spices Market?

The Europe is anticipated to lead the dried spices market during the forecast period.

How much Growth Potential does Dried Spices Market hold?

The dried spices market is likely to hold a valuation of USD 9,036.5 million by 2032.

Which sector drives the Dried Spices Market?

Retail sector is the key driver in the dried spices market.