Herb and Spice Market Outlook for 2024 to 2034

The herbs and spices market size is forecast to grow at a CAGR of 3.6% between 2024 and 2034. The market is expected to incline from USD 171,563.1 million in 2024 to USD 244,124.7 million by 2034 end. The accelerating utilization of herbs and spices in food items is fueling market expansion.

Emerging Trends in Dried Herbs and Spices Application

  • Increasing demand for unique aromatic food experiences by today’s customers is boosting food experimentation by recipe developers.
  • Remarkable interest in global and ethnic food, which reinforces curiosity about flavor mixes and spices
  • Growing awareness regarding the medicinal and physiological benefits of herbs and spices, such as antiviral and antibacterial properties
  • Ant-aging trend proposes that food can be used as a medicine; for instance, by incorporating cholesterol-lowering herbs and spices in their diets.
Report Attribute Details
Herb and Spice Market Size (2024) USD 171,563.1 million
Market Anticipated Forecast Value (2034) USD 244,124.7 million
Market Projected Growth Rate (2024 to 2034) 3.6% CAGR

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Global Herb and Spice Market Historical Analysis (2019 to 2023) Vs Forecast Outlook (2024 to 2034)

The global herb and spice market was valued at USD 167,874.1 million in 2019. According to FMI’s analysis, herbs and spices sales have grown at 3.34% CAGR between 2019 and 2023.

The herbs and spices market remained fragmented during this period, exhibiting the presence of various small and mid-tier manufacturers. However, due to increasing collaboration activities between small & mid-tier manufacturers and top-tier companies, the number of small and medium companies has decreased, resulting in a more uniform and less diverse landscape in recent years.

Attributes Details
Herb and Spice Market Value (2019) USD 167,874.1 million
Market Historical Growth Rate (CAGR 2019 to 2023) 3.34% CAGR

The popularity of Plant-based Food is propelling the Demand for Natural Seasonings and Spices

Due to the growing demand for natural food ingredients, the consumption of plant-based food ingredients is increasing as compared to microbial & fermented, and artificial food ingredients. The willingness of consumers to pay a premium price for a more natural product has changed the dynamics of the herbs and spices market.

For instance, in January 2017, Givaudan S.A. acquired Activ International to expand its product offerings for buyers. New inclusions include organic and natural flavors, seafood, marine extracts, and vegetable-based culinary solutions.

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Demand for Ready-to-eat and Ready-to-drink Foods and Beverages Fuelling Herbs and Spices Sales

Packaged food and beverage manufacturers are using herbs and spices to meet the rising demand among consumers. For example, cinnamon spice, cinnamon-spiced tea, and apple cinnamon spritzer are a few of the many cinnamon-flavored drinks that are gaining popularity among consumers.

The demand for flavored alcoholic drinks like spiced rum, fireball cinnamon whisky, and cannella spirits is also increasing. This is because spices add exotic flavor to alcohol. For instance, in August 2019, Coca-Cola introduced a cinnamon-flavored Coke as a version of Coke Zero in the United Kingdom.

Comparative View of Adjacent Herb and Spice Market

The section below presents a brief overview of two more markets for analysis of the culinary herb industry. The growing demand for spice and herb extracts is attributable to the rising consumption of salads, and dressings in recent years, along with the increased consumption of meat products. The rising popularity of ethnic food coupled with the proliferation of online retail channels is expected to fuel the global herbal tea market growth.

Herb and Spice Market:

Attributes Herb and Spice Market
CAGR (2024 to 2034) 3.6%
Growth Factor Increasing demand for delicious preserved foods.
Market Opportunities Increasing demand for unique recipes for food and beverages, developing new prospects for herbs and spices.
Market Trends Emerging interest in global cuisines.

Herbal Tea Market:

Attributes Herbal Tea Market
CAGR (2024 to 2034) 7.1%
Growth Factor Growing awareness regarding the fat-burning properties of herbal tea, along with the rising obese population.
Market Opportunities New product development by major players to invigorate product portfolio.
Market Trends The emerging trend of health and wellness.

Herb & Spice Extract Market:

Attributes Herb & Spice Extract Market
CAGR (2024 to 2034) 5%
Growth Factor Incorporation of herb and spice extracts in packaged food.
Market Opportunities The development of new extraction techniques.
Market Trends Rising awareness about the therapeutic effects of herbs and spices extracts.

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Country-wise Insights

The table below represents the countries with a promising future for cooking spice and herb market players.

Regional Market Comparison CAGR (2024 to 2034)
United States 5.9%
Germany 4.2%
Japan 4%
India 4.3%
China 4%

Increasing Demand for Global Cuisines to Propel the United States Market

The United States remains one of the most lucrative markets throughout the forecast period with a CAGR of 5.9% through 2034. The rising immigrant population from Asia and Mexico to North America and their influence on local food platters is expected to increase the demand for spices and herbs in this region.

An increasing number of Indian, Italian, Mexican, and Chinese restaurants in the US offer authentic cuisines fortified with different ingredients. Ready-to-cook spice mixes are also gaining popularity in the United States which can be attributed to the busy lifestyle of consumers looking for convenient food.

Clean-Label Herbs and Spices Propelling Market in Germany

FMI has projected that Germany will remain as the most profitable market for herbs and spices throughout the forecasted period, having a significant share of the European market in 2024. The regional market is expected to have a CAGR of 4.2% through the projected years.

There has been a rise in the demand for clean-label herbs and spices among consumers in Germany. Manufacturers are emphasizing more on providing clean-label products to the consumers, as the consumers are becoming aware of the health benefits of consuming natural and organic herbs and spices.

Strong Inclination for Herbal Products in China to Boost Market Growth

FMI has projected China to follow a CAGR of 4% in consumption of herbs and spices during the forecast years. Owing to the health benefits of using herbs and spices in functional food, the demand for herbs and spices has increased in the country. Herbs and spices are used as functional ingredients in food products with digestion-resistant properties.

Herbs and spices often find places in various clinical treatments in the country. Chinese consumers in general display a strong inclination for herbal products. Coupled with this, the presence of some of the celebrated companies such as Infinitus (China) Co Ltd. has been aiding herbs and spices sales in the country.

Expansion Strategies by Key Players Boosting Traction for Herbs & Spices in Japan

A rise in the demand for herbs and spices in the Japanese market is expected at a CAGR of 4% between the years 2024 and 2034. Japan is heavily dependent on imports of herbs and spices from South and East Asian countries.

Cholesterol-lowering herbs and spices such as pepper, dried capsicum/pimento, ginger, Curcuma, cloves, and cinnamon are more in demand owing to their health benefits. Also, expansion strategies undertaken by some of the leading players are expected to bode well for the seasonings industry in the country.

India is Famous for its Herb and Spice Trade Globally

India is currently a prominent supplier of herbs and spices, including cumin, ginger, chili, and turmeric. Through the projected period, the sales of herbs and spices are likely to increase at a rate of 4.3% per year.

In India, herbs and spices are mostly used in food and beverages. Along with this, they are also used for the treatment of human ailments using aloe vera, clove, cinnamon, mint, and black pepper.

Category-wise Insights

Medicinal Quality of Herbs Boosting its Position as a Top-selling Product Type

Based on product type, the spice market segment is likely to contribute 64.3% of the total revenue in 2024. On the other hand, herbs are projected to grow at a higher rate over the forecast period.

Attributes Details
Top Product Type or Segment Spices
Total Market Share in 2024 to 2034 64.3%

Seasoning spices are gaining traction as they help lower sugar levels and cure inflammation, besides offering other health benefits. Spices such as clove, cinnamon, and cumin are known for their antimicrobial properties due to their chemical compounds and metabolites.

The demand for herbs is growing rapidly to treat chronic diseases and their prevention. Herbs help in preventing and managing cancer, heart disease, and diabetes. They also help mitigate blood clots and offer anti-tumor and anti-inflammatory properties. Moreover, culinary herbs are utilized to add color and flavor to a variety of meals.

Health-Conscious Consumers Turning Towards Organic Herbs and Spices

The use of herbs and spices is mostly in the food industry accounting for almost 48.9% of the global market. This is because people prefer herbs and spices in their daily food and beverages.

Attributes Details
Top-End Use Segment Food
Total Market Share in 2024 48.9%

An increasing number of Indian, Italian, Mexican, and Chinese restaurants around the world, offering authentic regional cuisines has been resulting in high demand for spice ingredients. Cumin, cinnamon, paprika, cardamom, and pepper are some of the key native herbs and spices used in these cuisines.

The higher demand is attributable to the rising consumption of salads and dressings, resulting in the growing popularity of ethnic food. The easy availability of spices in supermarkets across the region is expected to fuel the growth of the herbs and spices market.

Competitive Landscape for Herb and Spice Market

Innovations in the food and beverage industry are being made to meet the demand for healthy food products for human consumption without negotiating on the flavor, taste, texture, and nutritional qualities of the product. Companies are focusing on generating more sales by developing sustainable herbs and spices packaging to cater to the evolved demand of consumers. Multinational companies producing herbs and spices are focusing on the expansion of their manufacturing facilities and acquiring local players that would complement their product offerings.

Notable Developments in the Global Herb and Spice Market

In May 2022, Jhaveri Spices Private Limited, based in India, introduced several new herb and spice blends that included Rajashahi Garam Masala, Kitchen King Masala, and Pav Bhaji Masala. These blends are manufactured using premium ingredients and uniquely blended extracts.

In January 2017, Givaudan S.A, acquired Activ International to expand its product offerings by providing organic and natural flavors, seafood, and marine extracts.

In November 2022, LifeSpice India introduced the first Science-baked spice mix product. The firm offers these innovative spice ingredients in kits consisting of four jars.

Ajinomoto Co., Inc. In August 2016, Ajinomoto Co., Inc. invested USD 21.8 million to increase the production capacity of the company by approximately 40% for the flavor seasoning brand name Ros Dee® in Thailand.

Key Players Profiled in the Herb and Spice Market Report

  • Givaudan S.A
  • Kerry Group Plc.
  • Ajinomoto Co., Inc.
  • Firmenich SA
  • Takasago International Corporation
  • Olam International
  • Archer Daniels Midland Company
  • Robertet SA
  • Sensient Technologies Corporation
  • Kalsec Inc.
  • McCormick & Company, Inc.
  • Symrise AG
  • Frutarom Industries Ltd
  • Synthite Industries Ltd
  • International Taste Solutions Ltd.

Key Coverage in the Herb and Spice Market Report

  • Adjacent study on plant-based food ingredient market.
  • Seasoning and spices market size and growth opportunities.
  • Herb and spice blend market overview.
  • Market impact of herb and spice restaurants.

Herb and Spice Market Report Scope

Attribute Details
Estimated Market Size (2024) USD 171,563.1 million
Projected Market Size (2034) USD 244,124.7 million
Anticipated Growth Rate (2024 to 2034) 3.6%
Forecast Period 2024 to 2034
Historical Data Available for 2019 to 2023
Market Analysis USD million or billion for Value and Units for Volume
Key Regions Covered North America; Latin America; Europe; Middle East & Africa (MEA); East Asia; South Asia and Oceania
Key Countries Covered United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa
Key Segments Covered By Product Type, By Sales Channel, By Form, By End Use Verticals, and By Region
Key Companies Profiled Givaudan S.A; Kerry Group Plc.; Ajinomoto Co., Inc.; Firmenich SA; Takasago International Corporation; Olam International; Archer Daniels Midland Company; Robertet SA; Sensient Technologies Corporation; Kalsec Inc.; McCormick & Company, Inc.; Symrise AG; Frutarom Industries Ltd; Synthite Industries Ltd; International Taste Solutions Ltd.
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing Available upon Request

Key Segments Covered by Herb and Spice Industry Survey Report

By Product Type:

  • Herbs
  • Spices
  • Paprika (Hot Pepper)
  • Cumin

By End Use:

  • Food
    • Sauces, Dressings, and Condiments
    • Bakery and Confectionery
      • Bread/Cakes
      • Biscuits
      • Snacks
      • Candies
      • Other Baked Goods
    • Dairy Products
      • Flavored Milk
      • Cheese or Cheese Products
      • Butter Ice Creams
      • Other Dairy Products
    • Snacks & Savory Products
    • Processed Food
    • Soups
    • Flavored or Infused Oils
    • Other Foods
  • Beverage
  • Food Service
  • Retail Sales

By Form:

  • Powder & Granules
  • Flakes
  • Paste
  • Whole or Fresh

By Sales channel:

  • Direct Sales
  • Indirect Sales
    • Store-based Retailing
    • Online Retail

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Pacific
  • Middle East and Africa (MEA)

Frequently Asked Questions

How Big is the Global Herb and Spice Market Currently?

The global herb and spice market is estimated to be around USD 171,563.1 million in 2024.

What is the Growth Outlook of the Herb and Spice Market?

The global herb and spice market is to grow at 3.6% during the forecast period.

What is the projected Value of Herb and Spice Market by 2034?

The global herb and spice market is to be valued at USD 244,124.7 million by 2034.

What was the Historical Size of the Herb and Spice Market?

The global herb and spice market was valued at USD 167,874.1 million in 2019.

Which Regional Herb and Spice Market has the Highest Growth Potential?

The United States to witness a 5.9% CAGR in sales of herbs and spices through 2034.

Table of Content
1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034

    4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2019 to 2023

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2024 to 2034

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Product Type, 2019 to 2023

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Product Type, 2024 to 2034

        5.3.1. Herbs

        5.3.2. Spices

        5.3.3. Paprika (Hot Pepper)

        5.3.4. Cumin

    5.4. Y-o-Y Growth Trend Analysis By Product Type, 2019 to 2023

    5.5. Absolute $ Opportunity Analysis By Product Type, 2024 to 2034

6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End Use, 2019 to 2023

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End Use, 2024 to 2034

        6.3.1. Food & Beverages

        6.3.2. Food Service

    6.4. Y-o-Y Growth Trend Analysis By End Use, 2019 to 2023

    6.5. Absolute $ Opportunity Analysis By End Use, 2024 to 2034

7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Form

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Form, 2019 to 2023

    7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Form, 2024 to 2034

        7.3.1. Powder & Granules

        7.3.2. Flakes

        7.3.3. Paste

        7.3.4. Whole/Fresh

    7.4. Y-o-Y Growth Trend Analysis By Form, 2019 to 2023

    7.5. Absolute $ Opportunity Analysis By Form, 2024 to 2034

8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Sales channel

    8.1. Introduction / Key Findings

    8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Sales channel, 2019 to 2023

    8.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Sales channel, 2024 to 2034

        8.3.1. Direct

        8.3.2. Indirect

            8.3.2.1. Store-Based Retailing

            8.3.2.2. Online Retail

    8.4. Y-o-Y Growth Trend Analysis By Sales channel, 2019 to 2023

    8.5. Absolute $ Opportunity Analysis By Sales channel, 2024 to 2034

9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Nature

    9.1. Introduction / Key Findings

    9.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Nature, 2019 to 2023

    9.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Nature, 2024 to 2034

        9.3.1. Organic

        9.3.2. Vegan

        9.3.3. Natural

        9.3.4. Non-Genetically Modified Organism

        9.3.5. Conventional

    9.4. Y-o-Y Growth Trend Analysis By Nature, 2019 to 2023

    9.5. Absolute $ Opportunity Analysis By Nature, 2024 to 2034

10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region

    10.1. Introduction

    10.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2019 to 2023

    10.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2024 to 2034

        10.3.1. North America

        10.3.2. Latin America

        10.3.3. Western Europe

        10.3.4. Eastern Europe

        10.3.5. South Asia and Pacific

        10.3.6. East Asia

        10.3.7. Middle East and Africa

    10.4. Market Attractiveness Analysis By Region

11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023

    11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034

        11.2.1. By Country

            11.2.1.1. USA

            11.2.1.2. Canada

        11.2.2. By Product Type

        11.2.3. By End Use

        11.2.4. By Form

        11.2.5. By Sales channel

        11.2.6. By Nature

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Product Type

        11.3.3. By End Use

        11.3.4. By Form

        11.3.5. By Sales channel

        11.3.6. By Nature

    11.4. Key Takeaways

12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023

    12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034

        12.2.1. By Country

            12.2.1.1. Brazil

            12.2.1.2. Mexico

            12.2.1.3. Rest of Latin America

        12.2.2. By Product Type

        12.2.3. By End Use

        12.2.4. By Form

        12.2.5. By Sales channel

        12.2.6. By Nature

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Product Type

        12.3.3. By End Use

        12.3.4. By Form

        12.3.5. By Sales channel

        12.3.6. By Nature

    12.4. Key Takeaways

13. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023

    13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034

        13.2.1. By Country

            13.2.1.1. Germany

            13.2.1.2. UK

            13.2.1.3. France

            13.2.1.4. Spain

            13.2.1.5. Italy

            13.2.1.6. Rest of Western Europe

        13.2.2. By Product Type

        13.2.3. By End Use

        13.2.4. By Form

        13.2.5. By Sales channel

        13.2.6. By Nature

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Product Type

        13.3.3. By End Use

        13.3.4. By Form

        13.3.5. By Sales channel

        13.3.6. By Nature

    13.4. Key Takeaways

14. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

    14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023

    14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034

        14.2.1. By Country

            14.2.1.1. Poland

            14.2.1.2. Russia

            14.2.1.3. Czech Republic

            14.2.1.4. Romania

            14.2.1.5. Rest of Eastern Europe

        14.2.2. By Product Type

        14.2.3. By End Use

        14.2.4. By Form

        14.2.5. By Sales channel

        14.2.6. By Nature

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Product Type

        14.3.3. By End Use

        14.3.4. By Form

        14.3.5. By Sales channel

        14.3.6. By Nature

    14.4. Key Takeaways

15. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

    15.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023

    15.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034

        15.2.1. By Country

            15.2.1.1. India

            15.2.1.2. Bangladesh

            15.2.1.3. Australia

            15.2.1.4. New Zealand

            15.2.1.5. Rest of South Asia and Pacific

        15.2.2. By Product Type

        15.2.3. By End Use

        15.2.4. By Form

        15.2.5. By Sales channel

        15.2.6. By Nature

    15.3. Market Attractiveness Analysis

        15.3.1. By Country

        15.3.2. By Product Type

        15.3.3. By End Use

        15.3.4. By Form

        15.3.5. By Sales channel

        15.3.6. By Nature

    15.4. Key Takeaways

16. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

    16.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023

    16.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034

        16.2.1. By Country

            16.2.1.1. China

            16.2.1.2. Japan

            16.2.1.3. South Korea

        16.2.2. By Product Type

        16.2.3. By End Use

        16.2.4. By Form

        16.2.5. By Sales channel

        16.2.6. By Nature

    16.3. Market Attractiveness Analysis

        16.3.1. By Country

        16.3.2. By Product Type

        16.3.3. By End Use

        16.3.4. By Form

        16.3.5. By Sales channel

        16.3.6. By Nature

    16.4. Key Takeaways

17. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

    17.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023

    17.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034

        17.2.1. By Country

            17.2.1.1. GCC Countries

            17.2.1.2. South Africa

            17.2.1.3. Israel

            17.2.1.4. Rest of MEA

        17.2.2. By Product Type

        17.2.3. By End Use

        17.2.4. By Form

        17.2.5. By Sales channel

        17.2.6. By Nature

    17.3. Market Attractiveness Analysis

        17.3.1. By Country

        17.3.2. By Product Type

        17.3.3. By End Use

        17.3.4. By Form

        17.3.5. By Sales channel

        17.3.6. By Nature

    17.4. Key Takeaways

18. Key Countries Market Analysis

    18.1. USA

        18.1.1. Pricing Analysis

        18.1.2. Market Share Analysis, 2023

            18.1.2.1. By Product Type

            18.1.2.2. By End Use

            18.1.2.3. By Form

            18.1.2.4. By Sales channel

            18.1.2.5. By Nature

    18.2. Canada

        18.2.1. Pricing Analysis

        18.2.2. Market Share Analysis, 2023

            18.2.2.1. By Product Type

            18.2.2.2. By End Use

            18.2.2.3. By Form

            18.2.2.4. By Sales channel

            18.2.2.5. By Nature

    18.3. Brazil

        18.3.1. Pricing Analysis

        18.3.2. Market Share Analysis, 2023

            18.3.2.1. By Product Type

            18.3.2.2. By End Use

            18.3.2.3. By Form

            18.3.2.4. By Sales channel

            18.3.2.5. By Nature

    18.4. Mexico

        18.4.1. Pricing Analysis

        18.4.2. Market Share Analysis, 2023

            18.4.2.1. By Product Type

            18.4.2.2. By End Use

            18.4.2.3. By Form

            18.4.2.4. By Sales channel

            18.4.2.5. By Nature

    18.5. Germany

        18.5.1. Pricing Analysis

        18.5.2. Market Share Analysis, 2023

            18.5.2.1. By Product Type

            18.5.2.2. By End Use

            18.5.2.3. By Form

            18.5.2.4. By Sales channel

            18.5.2.5. By Nature

    18.6. UK

        18.6.1. Pricing Analysis

        18.6.2. Market Share Analysis, 2023

            18.6.2.1. By Product Type

            18.6.2.2. By End Use

            18.6.2.3. By Form

            18.6.2.4. By Sales channel

            18.6.2.5. By Nature

    18.7. France

        18.7.1. Pricing Analysis

        18.7.2. Market Share Analysis, 2023

            18.7.2.1. By Product Type

            18.7.2.2. By End Use

            18.7.2.3. By Form

            18.7.2.4. By Sales channel

            18.7.2.5. By Nature

    18.8. Spain

        18.8.1. Pricing Analysis

        18.8.2. Market Share Analysis, 2023

            18.8.2.1. By Product Type

            18.8.2.2. By End Use

            18.8.2.3. By Form

            18.8.2.4. By Sales channel

            18.8.2.5. By Nature

    18.9. Italy

        18.9.1. Pricing Analysis

        18.9.2. Market Share Analysis, 2023

            18.9.2.1. By Product Type

            18.9.2.2. By End Use

            18.9.2.3. By Form

            18.9.2.4. By Sales channel

            18.9.2.5. By Nature

    18.10. Poland

        18.10.1. Pricing Analysis

        18.10.2. Market Share Analysis, 2023

            18.10.2.1. By Product Type

            18.10.2.2. By End Use

            18.10.2.3. By Form

            18.10.2.4. By Sales channel

            18.10.2.5. By Nature

    18.11. Russia

        18.11.1. Pricing Analysis

        18.11.2. Market Share Analysis, 2023

            18.11.2.1. By Product Type

            18.11.2.2. By End Use

            18.11.2.3. By Form

            18.11.2.4. By Sales channel

            18.11.2.5. By Nature

    18.12. Czech Republic

        18.12.1. Pricing Analysis

        18.12.2. Market Share Analysis, 2023

            18.12.2.1. By Product Type

            18.12.2.2. By End Use

            18.12.2.3. By Form

            18.12.2.4. By Sales channel

            18.12.2.5. By Nature

    18.13. Romania

        18.13.1. Pricing Analysis

        18.13.2. Market Share Analysis, 2023

            18.13.2.1. By Product Type

            18.13.2.2. By End Use

            18.13.2.3. By Form

            18.13.2.4. By Sales channel

            18.13.2.5. By Nature

    18.14. India

        18.14.1. Pricing Analysis

        18.14.2. Market Share Analysis, 2023

            18.14.2.1. By Product Type

            18.14.2.2. By End Use

            18.14.2.3. By Form

            18.14.2.4. By Sales channel

            18.14.2.5. By Nature

    18.15. Bangladesh

        18.15.1. Pricing Analysis

        18.15.2. Market Share Analysis, 2023

            18.15.2.1. By Product Type

            18.15.2.2. By End Use

            18.15.2.3. By Form

            18.15.2.4. By Sales channel

            18.15.2.5. By Nature

    18.16. Australia

        18.16.1. Pricing Analysis

        18.16.2. Market Share Analysis, 2023

            18.16.2.1. By Product Type

            18.16.2.2. By End Use

            18.16.2.3. By Form

            18.16.2.4. By Sales channel

            18.16.2.5. By Nature

    18.17. New Zealand

        18.17.1. Pricing Analysis

        18.17.2. Market Share Analysis, 2023

            18.17.2.1. By Product Type

            18.17.2.2. By End Use

            18.17.2.3. By Form

            18.17.2.4. By Sales channel

            18.17.2.5. By Nature

    18.18. China

        18.18.1. Pricing Analysis

        18.18.2. Market Share Analysis, 2023

            18.18.2.1. By Product Type

            18.18.2.2. By End Use

            18.18.2.3. By Form

            18.18.2.4. By Sales channel

            18.18.2.5. By Nature

    18.19. Japan

        18.19.1. Pricing Analysis

        18.19.2. Market Share Analysis, 2023

            18.19.2.1. By Product Type

            18.19.2.2. By End Use

            18.19.2.3. By Form

            18.19.2.4. By Sales channel

            18.19.2.5. By Nature

    18.20. South Korea

        18.20.1. Pricing Analysis

        18.20.2. Market Share Analysis, 2023

            18.20.2.1. By Product Type

            18.20.2.2. By End Use

            18.20.2.3. By Form

            18.20.2.4. By Sales channel

            18.20.2.5. By Nature

    18.21. GCC Countries

        18.21.1. Pricing Analysis

        18.21.2. Market Share Analysis, 2023

            18.21.2.1. By Product Type

            18.21.2.2. By End Use

            18.21.2.3. By Form

            18.21.2.4. By Sales channel

            18.21.2.5. By Nature

    18.22. South Africa

        18.22.1. Pricing Analysis

        18.22.2. Market Share Analysis, 2023

            18.22.2.1. By Product Type

            18.22.2.2. By End Use

            18.22.2.3. By Form

            18.22.2.4. By Sales channel

            18.22.2.5. By Nature

    18.23. Israel

        18.23.1. Pricing Analysis

        18.23.2. Market Share Analysis, 2023

            18.23.2.1. By Product Type

            18.23.2.2. By End Use

            18.23.2.3. By Form

            18.23.2.4. By Sales channel

            18.23.2.5. By Nature

19. Market Structure Analysis

    19.1. Competition Dashboard

    19.2. Competition Benchmarking

    19.3. Market Share Analysis of Top Players

        19.3.1. By Regional

        19.3.2. By Product Type

        19.3.3. By End Use

        19.3.4. By Form

        19.3.5. By Sales channel

        19.3.6. By Nature

20. Competition Analysis

    20.1. Competition Deep Dive

        20.1.1. Givaudan S.A

            20.1.1.1. Overview

            20.1.1.2. Product Portfolio

            20.1.1.3. Profitability by Market Segments

            20.1.1.4. Sales Footprint

            20.1.1.5. Strategy Overview

                20.1.1.5.1. Marketing Strategy

                20.1.1.5.2. Product Strategy

                20.1.1.5.3. Channel Strategy

        20.1.2. Kerry Group Plc.

            20.1.2.1. Overview

            20.1.2.2. Product Portfolio

            20.1.2.3. Profitability by Market Segments

            20.1.2.4. Sales Footprint

            20.1.2.5. Strategy Overview

                20.1.2.5.1. Marketing Strategy

                20.1.2.5.2. Product Strategy

                20.1.2.5.3. Channel Strategy

        20.1.3. Takasago International Corporation

            20.1.3.1. Overview

            20.1.3.2. Product Portfolio

            20.1.3.3. Profitability by Market Segments

            20.1.3.4. Sales Footprint

            20.1.3.5. Strategy Overview

                20.1.3.5.1. Marketing Strategy

                20.1.3.5.2. Product Strategy

                20.1.3.5.3. Channel Strategy

        20.1.4. Sensient Technologies Corporation

            20.1.4.1. Overview

            20.1.4.2. Product Portfolio

            20.1.4.3. Profitability by Market Segments

            20.1.4.4. Sales Footprint

            20.1.4.5. Strategy Overview

                20.1.4.5.1. Marketing Strategy

                20.1.4.5.2. Product Strategy

                20.1.4.5.3. Channel Strategy

        20.1.5. Archer Daniels Midland Company

            20.1.5.1. Overview

            20.1.5.2. Product Portfolio

            20.1.5.3. Profitability by Market Segments

            20.1.5.4. Sales Footprint

            20.1.5.5. Strategy Overview

                20.1.5.5.1. Marketing Strategy

                20.1.5.5.2. Product Strategy

                20.1.5.5.3. Channel Strategy

        20.1.6. Ajinomoto Co., Inc.

            20.1.6.1. Overview

            20.1.6.2. Product Portfolio

            20.1.6.3. Profitability by Market Segments

            20.1.6.4. Sales Footprint

            20.1.6.5. Strategy Overview

                20.1.6.5.1. Marketing Strategy

                20.1.6.5.2. Product Strategy

                20.1.6.5.3. Channel Strategy

        20.1.7. Symrise AG

            20.1.7.1. Overview

            20.1.7.2. Product Portfolio

            20.1.7.3. Profitability by Market Segments

            20.1.7.4. Sales Footprint

            20.1.7.5. Strategy Overview

                20.1.7.5.1. Marketing Strategy

                20.1.7.5.2. Product Strategy

                20.1.7.5.3. Channel Strategy

        20.1.8. Firmenich SA

            20.1.8.1. Overview

            20.1.8.2. Product Portfolio

            20.1.8.3. Profitability by Market Segments

            20.1.8.4. Sales Footprint

            20.1.8.5. Strategy Overview

                20.1.8.5.1. Marketing Strategy

                20.1.8.5.2. Product Strategy

                20.1.8.5.3. Channel Strategy

        20.1.9. Kalsec Inc.

            20.1.9.1. Overview

            20.1.9.2. Product Portfolio

            20.1.9.3. Profitability by Market Segments

            20.1.9.4. Sales Footprint

            20.1.9.5. Strategy Overview

                20.1.9.5.1. Marketing Strategy

                20.1.9.5.2. Product Strategy

                20.1.9.5.3. Channel Strategy

        20.1.10. Olam International

            20.1.10.1. Overview

            20.1.10.2. Product Portfolio

            20.1.10.3. Profitability by Market Segments

            20.1.10.4. Sales Footprint

            20.1.10.5. Strategy Overview

                20.1.10.5.1. Marketing Strategy

                20.1.10.5.2. Product Strategy

                20.1.10.5.3. Channel Strategy

        20.1.11. McCormick & Company, Inc.

            20.1.11.1. Overview

            20.1.11.2. Product Portfolio

            20.1.11.3. Profitability by Market Segments

            20.1.11.4. Sales Footprint

            20.1.11.5. Strategy Overview

                20.1.11.5.1. Marketing Strategy

                20.1.11.5.2. Product Strategy

                20.1.11.5.3. Channel Strategy

        20.1.12. Frutarom Industries Ltd

            20.1.12.1. Overview

            20.1.12.2. Product Portfolio

            20.1.12.3. Profitability by Market Segments

            20.1.12.4. Sales Footprint

            20.1.12.5. Strategy Overview

                20.1.12.5.1. Marketing Strategy

                20.1.12.5.2. Product Strategy

                20.1.12.5.3. Channel Strategy

21. Assumptions & Acronyms Used

22. Research Methodology
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