Spices and Seasonings Market Share

APAC Market Statistics

Asia Pacific industry is likely to dominate majority revenue share of 40% by 2037. The market growth in the region is also expected on account of a growing population, which has led to higher imports of spices, herbs, and seasonings from developing nations to meet the growing desire for Western cuisine, and organic flavors.

As per the United Nations Population Fund, 60% of the world's population lives in the Asia-Pacific area.

One of the major exporters of seasonings and spices worldwide is China, propelled by the nation's export-focused policies and quickly expanding economy.

For instance, China became the second-largest spice exporter in the world with more than USD 510 million in exports in 2022.

In India, packaged spices and seasonings are becoming more popular, and Millennials are a major target market led by the growing need in the food service sector for convenience and ready-to-use ingredients.

Japan's market for seasonings spices may grow as Japanese customers are prepared to spend more for dressings, sauces, and soups made using unusual and exotic spice combinations.

North American Market Analysis

North America area will also see substantial growth in the seasonings and spices market throughout the projection period driven by the rising personal disposable income in the region. As a result, more and more people in the region are consuming seasonings and spices and can afford new & premium food products.

The United States has consumed more ultra-processed meals over the past 20 years, which is projected to raise demand for spices in the area.

As per the data from the OEC World, Canada ranked eighth globally in 2022 after importing USD 95.4 million worth of spices.

Particularly, spices ranked as Canada's 579th most-imported product that year.