Spices and Seasonings Market size was over USD 28 Billion in 2023 and is anticipated to cross USD 48.2 Billion by the end of 2036, witnessing more than 6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of spices and seasonings is assessed at USD 29.4 Billion.
This market growth is encouraged by the growing global demand for food, leading to a higher need for various seasonings spices crucial for enhancing the taste of food and beverages.
As per the Food and Agriculture Organization, to feed the 9.1 billion people that will inhabit the planet by 2050, total food production would need to increase by about 70%.
Author Credits: Parul Atri
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