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

By Type;

Cumin, Coriander, Cloves, Nutmeg & Mace, Ginger, Cinnamon, Cardamom, Capsicum, Pepper, Turmeric, and Other Spices.

By Application;

Meat & Poultry Products, Snacks & Convenience Food, Soups, Sauces, & Dressings, Bakery & Confectionery, Frozen Products, Beverages, and Other Applications.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn204743287 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Spices Market (USD Million), 2021 - 2031

In the year 2024, the Global Spices Market was valued at USD 158,209.49 million. The size of this market is expected to increase to USD 221,077.74 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.9%.

The global spices market is a vibrant and diverse sector that plays a crucial role in the culinary arts, pharmaceuticals, and personal care industries worldwide. Spices, derived from various plant parts such as seeds, roots, fruits, and bark, offer not only flavor and aroma but also possess medicinal properties that have been valued since ancient times.

The demand for spices has surged due to increasing consumer preference for diverse and exotic cuisines, coupled with growing awareness of the health benefits associated with certain spices. This trend has spurred innovation in the cultivation, processing, and distribution of spices, leading to a robust global market.

Geographically, the spice market spans regions renowned for their rich biodiversity and traditional spice cultivation practices, including India, Indonesia, China, and various countries in Africa and Latin America. These regions contribute significantly to the global spice trade, with each offering unique varieties and flavors that cater to different culinary traditions and preferences. As global trade networks expand and consumer tastes become more adventurous, the spice market continues to evolve, presenting opportunities for both traditional spice growers and new market entrants alike.

  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 Region
  4. Global Spices Market
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing demand for diverse flavors.
        2. Health benefits awareness.
        3. Global trade expansion.
      2. Restraints
        1. Price volatility and supply disruptions.
        2. Regulatory challenges in import markets.
        3. Environmental sustainability concerns.
      3. Opportunities
        1. Pharmaceutical and nutraceutical applications.
        2. Rise of organic and natural food markets.
        3. Emerging markets in Asia-Pacific and Latin America.
    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 Spices Market, By Type, 2021 - 2031 (USD Million)
      1. Cumin
      2. Coriander
      3. Cloves
      4. Nutmeg & Mace
      5. Ginger
      6. Cinnamon
      7. Cardamom
      8. Capsicum
      9. Pepper
      10. Turmeric
      11. Other Spices
    2. Global Spices Market, By Application, 2021 - 2031 (USD Million)
      1. Meat & Poultry Products
      2. Snacks & Convenience Food
      3. Soups, Sauces, and Dressings
      4. Bakery & Confectionery
      5. Frozen Products
      6. Beverages
      7. Other Applications
    3. Global Spices 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, Inc. (USA)
      2. Olam International Ltd. (Singapore)
      3. Everest Spices (India)
      4. MDH Spices (India)
      5. Ajinomoto Co., Inc. (Japan)
      6. Bart Ingredients (UK)
      7. Kerry Group (Ireland)
      8. Sensient Technologies Corporation (USA)
      9. Ariake Japan Co., Ltd. (Japan)
      10. Catch Foods (India)
  7. Analyst Views
  8. Future Outlook of the Market