Global Market Study on Seasonings and Spices: Salt and Salt Substitute to Witness Highest Growth by 2019


  • Published On : Sep-2014 |
  • Pages : 120 Pages |
  • Format :

Globalization is an important phenomenon as people are aware of different cultures, trades and food habits. Globalization allows different products and varieties to be available all across the globe. As people migrate to different countries they take their ethnicity and food habits, and seasonings and spices play an important part in ethnic cuisines. Consumers get attracted towards new tastes through these ethnic cuisines, which results in increasing demand for the seasonings and spices used in these foods.

Increasing income levels resulting in increasing expenditure on food products, changing food habits of Asian consumers and changing demographics are the major growth drivers for the global seasonings and spices market. Asian countries such as India are the major producers of seasonings and spices. Uncertain economic conditions coupled with inefficient logistics act as major growth restraints for seasoning and spice producing countries, such as India. Government policies resulting in rejection of imported spices also hampers the growth in international markets. Increasing demand from the organic segment offers great opportunity for the market.

Seasonings and spices form an integral part of any cuisine as it is responsible for developing the taste and aroma associated with the cuisine. Major growth drivers for the industry are increasing demand for foreign cuisines, such as Italian and French and changing consumer food habits in Asian countries. Use of certain spices and herbs in medicinal fields has also resulted in increased demand for seasonings and spices.

Seasonings and Spices market is bifurcated into four major product category salt and salt substitute, pepper, herbs and spices for the period from 2008 to 2019. In addition, the current seasonings and spices market dynamics including the drivers, restraints, opportunities and recent developments have been captured throughout the report. Seasonings and spices market for each of the three regions, North America (U.S.), Europe (France, Germany, Italy, U.K. and Spain), Asia-Pacific (India, China, Japan and Australia) and Rest of the world (Brazil) includes historical and forecasted market sizes (2008-2019), in terms of value (USD million) and volume (Kg million).

The competitive landscape section of the seasonings and spices market includes major companies’ market share in each region and market share of major distribution channel.

Key points covered in the report

  • The report provides historic, present and forecasted market size, analysis, trend, share, and growth 
  • The report segments the market on the basis of product by value (USD million) and volume (Kg million)
  • The report covers geographic segmentation

    • North America (U.S.)
    • Europe (France, Germany, Italy, U.K. and Spain)
    • Asia Pacific (India, China, Japan and Australia)
    • RoW (Brazil)
  • The report provides company profiles of some of the leading companies operating in the market
  • The report also provides porters five forces analysis of the market

Increasing income levels resulting in increasing expenditure on food products, changing food habits of Asian consumers and changing demographics are the major growth drivers for the global seasonings and spices market. Asian countries such as India are the major producers of seasonings and spices. Uncertain economic conditions coupled with inefficient logistics act as major growth restraints for seasoning and spice producing countries, such as India. Government policies resulting in rejection of imported spices also hampers the growth in international markets. Increasing demand from the organic segment offers great opportunity for the market.

Seasonings and spices form an integral part of any cuisine as it is responsible for developing the taste and aroma associated with the cuisine. The seasonings and spices market is considered to be one of the most recession-proof markets since during uncertain economic conditions, consumers prefer in-house preparation and consumption rather than opting for the expensive choice of eating out or having ready-meals. However, when the economy is in good shape the situation is reverse. Major growth drivers for the industry are increasing demand for foreign cuisines, such as Italian and French and changing consumer food habits in Asian countries. Use of certain spices and herbs in medicinal fields has also resulted in increased demand for seasonings and spices. Inefficient logistics and uncertain climatic conditions in the spices producing countries are the major growth challenges for the industry.

Seasoning and Spices market is bifurcated into four major product type salt and salt substitute, pepper, herbs and spices. The global market for seasonings and spices in value term is expected to grow from USD 12,530.5 million in 2013 to USD 16,628.6 million in 2019 growing at a CAGR of 4.8%. Salt and salt substitutes market (largest segment in 2012) increased by 4.3% CAGR during 2008-2012. In terms of volume the market grew from 634.6 kg million in 2008 to 772.2 kg million in 2012. Salt and salt substitutes market (largest segment in 2012) is forecasted to increase by 4.3% CAGR during 2013-2019 to reach 369.2 million kg in 2019. 

The global seasonings and spices market was highly fragmented, with top six companies holding only 15% market share in 2012. McCormick and Unilever are some of the major companies with global operations. While McCormick leads the market, Unilever accounts for only 1.7% share, mainly due to its lower number of products compared to McCormick. S&B foods operate only in Japan and held about 40% share in the Japanese seasonings and spices market. Everest Spices operates mostly in India but recently the company started selling its products in North American and European countries, such as the U.S., France, Germany and the U.K.

Some of the major players in the seasonings and spices market:

  • McCormick & Company.
  • Nestle.
  • Ajinomoto.
  • Everest Spices.
  • Catch.
  • MDH Spices.
  • Knorr.
  • Kraft Foods.
  • Other.

Also, some of the major distribution channels in seasonings and spices market are supermarket and hypermarket, food and drink specialists and convenience stores. The company profiles include attributes such as company overview, product and segments, financial performance, and strategic developments. 

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