Global Nutmeg Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Culinary Use, Essential Oils, Nutmeg Butter, and Others.

By Application;

Meat & Poultry Product, Snacks & Convenience Food, Soups, Sauces, and Dressings, and Bakery & Confectionery.

By Distribution Channel;

Offline, and Online.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn088389401 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Nutmeg Market (USD Million), 2021 - 2031

In the year 2024, the Global Nutmeg Market was valued at USD 2,738.00 million. The size of this market is expected to increase to USD 3,852.64 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.

The Global Nutmeg Market encompasses the production, distribution, and consumption of nutmeg, a spice derived from the seeds of the Myristica fragrans tree. Nutmeg is renowned for its aromatic flavor and is widely used in culinary applications, including baked goods, beverages, and savory dishes. It is also valued for its medicinal properties, with traditional uses in treating digestive issues, insomnia, and inflammation. The market for nutmeg is driven by its versatility and the growing consumer preference for natural and organic ingredients.

The primary producers of nutmeg are located in tropical regions, with Indonesia, India, and Grenada being the leading exporters. These countries benefit from favorable climatic conditions that support the growth of nutmeg trees. The production process involves harvesting the seeds, drying them, and processing them into various forms, including whole nutmeg, ground nutmeg, and nutmeg oil. The high demand for nutmeg in international markets ensures that these producing countries play a critical role in the global supply chain.

In recent years, the Global Nutmeg Market has experienced significant growth due to increasing consumer awareness of its health benefits. Nutmeg is rich in essential nutrients such as vitamins, minerals, and antioxidants, which contribute to its popularity as a functional ingredient in the food, beverage, and health supplement industries. Additionally, the trend towards natural and organic products has further boosted the demand for nutmeg. As consumers continue to seek out ingredients that offer both culinary and health benefits, the nutmeg market is poised for continued expansion.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Region
  4. Global Nutmeg Market
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing culinary applications
        2. Rising health awareness
        3. Growing demand worldwide
        4. Expanding food industry
        5. Nutritional benefits recognition
      2. Restraints
        1. High price volatility
        2. Supply chain disruptions
        3. Quality standard inconsistencies
        4. Regulatory compliance challenges
        5. Limited production regions
      3. Opportunities
        1. Emerging market expansion
        2. Organic nutmeg demand
        3. Innovative product development
        4. E-commerce growth potential
        5. Health supplement market
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Nutmeg Market, By Type, 2021 - 2031 (USD Million)
      1. Culinary Use
      2. Essential Oils
      3. Nutmeg Butter
      4. Others
    2. Global Nutmeg Market, By Application, 2021 - 2031 (USD Million)
      1. Meat & Poultry Product
      2. Snacks & Convenience Food
      3. Soups, Sauces & Dressings
      4. Bakery & Confectionery
    3. Global Nutmeg Market, By Type, 2021 - 2031 (USD Million)
      1. Offline
      2. Online
    4. Global Nutmeg Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. McCormick & Company
      2. Olam International
      3. Archer Daniels Midland Company
      4. Goya Foods, Inc.
      5. Mountain Rose Herbs
      6. Spice Jungle
      7. Watkins Incorporated
      8. Doehler Group SE
      9. Penzeys Spices
      10. The Nutmeg Spice Company
  7. Analyst Views
  8. Future Outlook of the Market