Global Seasoning Market Projected to Reach USD 27 Billion by 2026

23-Apr-2020 | Facts and Factors

Findings from Facts and Factors report “Seasoning Market By Type (Cinnamon, Oregano, Paprika, Ginger, Pepper, Turmeric, Cumin, Garlic, Cardamom, Cloves, Coriander, and Others), By Application (Bakery & Confectionery, Beverages, Savory Snacks, Frozen Foods, and Meat & Poultry), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Seasoning market in 2019 was approximately USD 20 Billion. The market is expected to grow at a CAGR of around 4.5% and is anticipated to reach around USD 27 Billion by 2026.

Global Seasoning Market Size

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Seasoning comprises of certain ingredients used to provide specific flavor, aroma, color, texture, and preservation to food and beverages. The spices are used as a seasoning to enhance the taste of the food and beverage. The seasoning is used in every cuisine and in-home culinary preparations. The flower, fruit, root, bark, leaves, buds, and seeds are used to obtain spices. The high demand for seasoning exhibits the trajectory of the market.

Browse the full “Seasoning Market By Type (Cinnamon, Oregano, Paprika, Ginger, Pepper, Turmeric, Cumin, Garlic, Cardamom, Cloves, Coriander, and Others), By Application (Bakery & Confectionery, Beverages, Savory Snacks, Frozen Foods, and Meat & Poultry), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/global-seasoning-market-by-type-cinnamon-oregano-paprika-1027

Market Drivers:

Rising disposable income, economic development, and changing lifestyles among the consumers is anticipated to boost the expansion of the global Seasoning market. The high demand for seasoning, especially organic seasoning, will drive the market size during the forecast period. In addition to this, the increasing consumption of ethnic food recipes around the world coupled with the demand for new taste & texture will proliferate the Seasoning market. Furthermore, the growing popularity of ready-to-eat food products is driving the market. Moreover, the escalating multicultural population plus the growing concern over harmful additives among the populace will fuel the global Seasonings market. Strict government regulations and food safety acts will propel the growth of the market during the forecast timeframe. The rapid product innovations in the food processing industry will promulgate the market. Apart from this, the remedial benefits upsurge the use of seasoning in the numerous food products and also increases the online presence of food retail stores. However, the changing prices of the raw materials coupled with the inclination of the populace toward conventional spices are likely to hamper the global Seasoning market.

Market Segment Dominance:

·Pepper is estimated to dominate the global Seasoning market during the forecast period

Pepper is expected to lead the market during the forecast period. The dominance of the pepper category in the global Seasoning market is attributed to the increasing requirement for food preservatives with anti-bacterial property and nutrient-rich sources. Additionally, the high popularity of pepper owing to the presence of vitamin C, vitamin K, iron, manganese, and dietary fiber plus protection against liver problems, cardiovascular diseases, and cancer will expand the market further. The escalating demand for pepper in several restaurants & food service outlets will augment the demand for it all over the world.

·Savory snacks category exhibits the majority of the growth in the market

Increasing demand for savory snack consumption across the world due to the alteration in eating habits and lifestyle is anticipated to bolster the growth of the global Seasoning market. Furthermore, the high demand for savory snacks with rare flavors using flavor additives or enhancers will offer a positive outlook for market development. Moreover, the surging popularity of food items like popcorn, potato chips, pretzel, extruded snacks, nuts and seeds, and meat snacks among children and adults are driving the scope of the Seasoning market across the globe.

Regional Dominance:

·Asia Pacific is projected to hold the majority of the market share

The Asia Pacific dominates the global Seasoning market owing to the growing demand for convenience food and beverages across the globe. In addition, the expanding production base and the changing eating behavior amid humans owing to the inclination toward western cuisine will accelerate the growth of the seasoning market in this region. The increasing demand for enhancing the taste of the meals using better seasoning is likely to further boost the market growth.

Report Scope

Report Attribute

Details

Market Size in 2019

USD 20 Billion

Projected Market Size in 2026

USD 27 Billion

Growth Rate

CAGR 4.5%

Base Year

2019

Forecast Years

2020-2026

Key Market Players

Ajinomoto Co., McCormick & Company, Inc., Kraft Foods, Nestle, Olam International, Associated British Foods plc, MDH Spices, Corbion, Symega Food Ingredients Limited, DS Group, Everest Spices, Unilever Group, and Ariake Japan Company.

Key Segment

By Type, By Application, and By Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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Key Market Players:

Some of the key players in the global Seasoning market include Ajinomoto Co., McCormick & Company, Inc., Kraft Foods, Nestle, Olam International, Associated British Foods plc, MDH Spices, Corbion, Symega Food Ingredients Limited, DS Group, Everest Spices, Unilever Group, and Ariake Japan Company.

This report segments the global Seasoningmarket as follows:

Global Seasoning Market: Type Segmentation Analysis

  • Oregano

  • Pepper

  • Paprika

  • Ginger

  • Cinnamon

  • Cumin

  • Turmeric

  • Garlic

  • Cardamom

  • Coriander

  • Cloves

  • Others

Global Seasoning Market: Application Segmentation Analysis

  • Bakery & Confectionery

  • Beverages

  • Frozen Foods

  • Savory Snacks

  • Meat & Poultry

Global Seasoning Market: Regional Segmentation Analysis

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • The UK

    • France

    • Spain

    • Italy

    • Rest of Europe

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Southeast Asia

    • Rest of Asia Pacific

  • Latin America

    • Brazil

    • Mexico

    • Rest of Latin America

  • Middle East & Africa

    • GCC

    • South Africa

Rest of Middle East & Africa

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