Meticulous Research®, a globally renowned market research firm, has released its latest report predicting that the global spices and seasonings market will reach a staggering $30.35 billion by 2031, growing at a CAGR of 5.3% from 2024 to 2031. The report highlights several key drivers behind this impressive growth, including the rising demand for convenience foods, the increase in vegetarian and vegan diets, and a growing preference for spicy foods. However, the market's expansion may face challenges due to the proliferation of counterfeit spice products.
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Emerging Opportunities and Market Trends: The report highlights several opportunities and trends driving market growth. The increasing focus on health and wellness and the rising demand for organic spices and seasonings are expected to offer significant growth prospects. Additionally, the growing popularity of ethnic and exotic flavors is a notable trend, as consumers seek unique and diverse flavor profiles to enhance their culinary experiences.
Leading Market Participants: The report features detailed analyses of key players in the spices and seasonings market, including McCormick & Company, Inc. (U.S.), Kerry Group plc (Ireland), Döhler Group (Germany), Ajinomoto Co., Inc. (Japan), Associated British Foods plc (U.K.), ARIAKE JAPAN Co., Ltd. (Japan), Baron Spices Inc. (U.S.), SHS Group Limited (U.K.), Watkins Incorporated (U.S.), The Bart Ingredients Company (U.K.), and Frontier Cooperative (U.S.).
Comprehensive Market Segmentation: The market is segmented based on product type, category, form, distribution channel, and geography.

Product Type: The market is divided into spices (pepper, cardamom, cinnamon, ginger, clove, nutmeg & mace, turmeric, coriander, cumin, chili, and other spices), herbs (oregano, basil, thyme, parsley, mint, rosemary, fennel, and other herbs), and salt & salt substitutes. In 2024, the spices segment is expected to dominate with a 55.0% market share, driven by growing awareness of the health benefits of spices, increasing demand for processed and convenience foods with diverse flavors, and rising interest in functional foods.

Category: The market is categorized into conventional and organic. The organic segment is anticipated to grow at a higher CAGR during the forecast period, fueled by the increasing number of health-conscious consumers, rising demand for organic food products, sustainability and clean label trends, and growing government support for organic food production.
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