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Seasoning Market

Market Insights on Seasoning covering sales outlook, demand forecast & up-to-date key trends

Seasoning Market By Product type, Distribution Channel & Region - Forecast 2022-2032

Seasoning Market Outlook (2022-2032)

The Seasoning market is valued at USD 40.0 Bn in 2022 and is projected to grow at a CAGR of 5.1% during the forecast period, to reach a value of USD 66.7 Bn by 2032. Newly released data from Future Market Insights market analysis shows that global Seasoning demand is projected to grow year-on-year (Y-o-Y) growth of 3.8% in 2022.

Market Size Value in 2022

USD 40.0 Bn

Market Forecast Value in 2032

USD 66.7 Bn

Global Growth Rate (2022 to 2032)

5.1% CAGR

Forecast Period

2022-2032

Collective Value Share: Top 3 Countries (2021A)

41.4%

Seasonings are considered to be food items or ingredients readily available in all households because of their importance in almost all food products. Seasoning is essential in cuisine because it adds aroma, flavor, and taste to foods. It’s mostly used in the processing of food items both at home and in restaurants. With the rising influence of western nations and globalization, the seasoning market has witnessed robust growth over the years.

Hotels, restaurants, and the food processing sector continue to rely on artificial flavors for their products. Food products' attractiveness to consumers is increased when distinct fragrances and colors are added, and hotels and restaurants frequently use seasonings to improve their menu items.

Food manufacturers have been compelled to replace dangerous synthetic components with natural alternatives as consumer awareness of organic and clean labels has grown. To meet the interests and wants of the consumer, producers incorporate dried herbs as seasoning into their formulas and goods. Demand for natural flavoring is rising in anticipation of the market's expansion for dried herbs.

Seasonings are frequently used to enhance the flavor, texture, color, and aroma of snacking, dairy, bread, and confectionery items. Major producers are concentrating on bolstering their network with distributors to reach a wider consumer base due to the high demand for seasonings. Leading manufacturers who focus on growing their worldwide business footprints are more likely to experience this. Major producers are concentrating on acquiring smaller producers to expand both their distribution network and production capacity.

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2017-2021 Seasoning Market Outlook Compared to 2022-2032 Forecast

Fast Food Restaurants/Quick Service Restaurants (QSRs) have been a significant segment of the Food Services market and have witnessed a growing demand over the years owing to their focus on competitive and affordable pricing clubbed with growing consumer demands including increased appetite, convenience, and craving for international cuisines as seasoning demand grew at 4.7% CAGR between 2017 and 2021.

A large number of international Fast Food Restaurants chains have flocked to different parts of the world over the past few years, with specific cuisines and product offerings to cater to the consumer's demand across different geographies. The QSR widely use dried herbs as a seasoning in the preparation of their food to intensify the flavor and aroma of the dish. Besides, several QSRs offer sachets of seasonings so that consumers can top their dishes with flavors of dried herbs. Thus growing QSR is providing a growth opportunity for the seasoning market.

Fast-paced Life Increasing the Demand for Processed Foods

Customers are now forced to choose ready-to-eat meals or other ready-to-eat food items because of the demanding work culture and hectic lifestyles. Customers now enjoy excellent cuisine that takes less time to prepare thanks to seasoning which makes the entire process easier. Dried herbs, which are used to improve the flavor of processed goods like snacks, pickles, beverages, and others, are becoming more and more in demand.

Additionally, the number of disorders brought on by the excessive use of additives and the use of chemicals is fast increasing globally. Consumers are becoming more knowledgeable about the components of the food they eat as a result of growing awareness of the negative consequences of synthetic and chemical additions. As a result, consumers are turning to goods with natural seasoning.

Companies that produce these goods are concentrating on keeping consumers' trust, and as a result, they are maintaining openness in the ingredients and production methods they employ. The consumption of plant-based food ingredients is rising in comparison to microbial & fermented and artificial food ingredients due to the rising desire for natural food ingredients. Consumers' willingness to spend more for a more natural product has altered the dynamics of many businesses, and the seasoning market is expected to benefit from this trend.

Nandini Roy Choudhury
Principal Consultant
LinkedIn
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Country-wise Insights

U.S. to Uplift Demand for Seasoning

In 2022, US Seasoning demand is estimated to account for 78.4% in North America, Factors such as the large population and the growing demand for authentic ethnic flavors, the increasing popularity of convenience foods, and growing awareness of the medicinal properties of seasonings are driving the US market.

India and China to dominate the APAC Seasoning Market

The Asia Pacific is the dominant region in the global spices & seasonings market. Major countries contributing significantly to the growth of the region include China, India, Japan, Australia, and New Zealand. The rapidly growing fast food industry and young demography in the Asia Pacific region have led to an increase in the consumption of packaged, frozen, and convenience food, which is in turn expected to enhance the growth of the market for seasonings.

Category-wise Insights

Which Ingredient type is Contributing the Most Towards Seasoning Sales?

In 2022, oregano is expected to account for 15.7% market share in the global seasoning market. Oregano extract is a source of calcium, magnesium, vitamin B6 as well as iron. The fact that it does not only taste good in culinary dishes but is also used to deal with age-related mental decline, hair loss, arthritis, cough, headache, high blood pressure, liver and gallbladder problems, eczema, gout, flatulence, and many other health issues makes the oregano extract market very promising and potential.

Which End-Use Application Dominants the Seasoning Sales in 2022?

In 2021, the food service represented a sizeable portion of global revenue and continued to be the principal market for seasonings. As consumers choose to eat out more frequently, food processors, QSRs, cafés, motels, and restaurants are the main food service venues offering a variety of seasonings in their dishes.

Many food service establishments draw ideas from the cuisines that customers appreciate the most, which aids in the blending of their products. During the pandemic, food service businesses were shut down out of concern for transmitting the virus, which had a significant impact on this market. However, when authorities relax their rules on crowd size, customers are feeling more at ease dining out.

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Competitive Landscape

Globally, the market for seasoning is rather aggressive. Along with significant international players, the market is distinguished by the existence of a few notable small- to medium-sized local businesses. Major international players have a huge influence on the global market.

New businesses are entering markets across the globe as customer knowledge of products gradually increases. The major businesses are focusing on new product development, product launches, production expansion, and geographic expansion.

To enable product offers to a larger consumer base, the market participants additionally create new product varieties by fortifying them with other nutritive components. The main corporations strive to increase client accessibility and customer reach to increase their market share in the global sector.

Scope of Report

Attribute

Details

Market Size Value in 2022

USD 40.0 Bn

Market Forecast Value in 2032

USD 66.7 Bn

Global Growth Rate

5.1% CAGR

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

MT for Volume and USD Bn for Value

Key Regions Covered

North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA

Key Countries Covered

United States, Canada, Brazil, Mexico, Argentina, Chile, Peru, Germany, France, Italy, Spain, UK, Netherlands, Belgium, Nordic, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, North Africa, and others

Key Market Segments Covered

Product type, Distribution Channel

Key Companies Profiled

  • Procter & Gamble
  • Unilever
  • The J.M. Smucker Company
  • Hormel Foods Corporation
  • Boulder Brands Inc.
  • Kraft Canada Inc.
  • Algood Food Company Inc.
  • Kellogg Company
  • Conagra Brands, Inc.
  • Kraft Foods
  • Mars, Inc.
  • Oetker Group
  • The Hershey Company
  • Unilever Plc
  • Associated British Foods plc
  • Others

Pricing

Available upon Request

Seasoning Market by Category

By Ingredient type, the Seasoning Market is Segmented as:

  • Pepper
  • Ginger
  • Cinnamon
  • Cumin
  • Turmeric
  • Coriander
  • Cardamom
  • Cloves
  • Garlic
  • Oregano
  • Mixed Ingredient
  • Salt & Salt Substitutes

By Distribution Channel, Seasoning Market is Segmented as:

  • Food Service
  • Retail
    • Hypermarket/Supermarket
    • Convenience Stores
    • Departmental Stores
    • Wholesale Stores
    • Specialty Stores
    • Online Retailers

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Frequently Asked Questions

The Seasoning market is estimated to reach sales of nearly USD 40.0 Bn by 2022.

Seasoning market revenue is expected to increase at a CAGR of around 5.1% during the period 2022-2032.

Seasoning sales increased a CAGR of around 4.7% over the past half-decade.

The global Seasoning market value is estimated to be around USD 66.7 Bn in 2032.

The top countries driving the Seasoning demand are the US, Germany, India, China, and the UK.

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Nandini Roy Choudhury
Principal Consultant
LinkedIn
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