Market Size of Asia-Pacific Seasoning and Spices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 5.28 Billion |
| Market Size (2029) | USD 6.95 Billion |
| CAGR (2024 - 2029) | 5.63 % |
| Market Concentration | Low |
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*Disclaimer: Major Players sorted in no particular order |
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APAC Seasonings and Spices Market Analysis
The Asia-Pacific Seasoning and Spices Market size is estimated at USD 5.28 billion in 2024, and is expected to reach USD 6.95 billion by 2029, growing at a CAGR of 5.63% during the forecast period (2024-2029).
There is a tremendous demand for pure and organic herbs all across the globe. Countries like India, China, and Vietnam in the Asia-Pacific region are promoting organic cultivation of spices, which turns out to be healthier than conventional spices. The high growth in this region can be attributed to the rising demand for different spices as the demand for western cuisine is gaining momentum in areas like India and China. The trend toward internationalization and the increasing consumption of ethnic foods have created a growing interest in spices and herbs in the market studied, which is significantly driving the overall market growth and also increasing the consumption of blended spices such as biryani blended spice, as they provide a mixed variety of spices in one packet, thus enhancing the overall cooking experience.
The demand for easy-to-prepare and ready-cooked meals is increasing in the Asia-Pacific region. Consumers are spending less and less time preparing meals due to their busy schedules, while the number of single households is increasing. Easy-to-prepare and ready-cooked meals rely on spices and herbs to retain and enhance food flavor (e.g., ready-to-use spices, herbs, seasonings, and condiments). Moreover, the clean-label trend has now extended to flavorings and extracts, with natural herbs and spices becoming more popular. At the same time, consumers are looking for simpler labels with a shorter list of ingredients, which they perceive as an indication that the product is better for them. India is the major market where seasoning and spices have a higher demand, owing to the customer inclination towards processed food.
APAC Seasonings and Spices Industry Segmentation
Spices and seasonings are widely used to add flavor, aroma, color, and taste to food & beverages and sometimes act as preservatives or antibacterial agents. Asia-Pacific's seasoning and spices market is segmented by product type, application, and geography. Based on product type, the market is segmented into salt and salt substitutes, herbs and seasoning, and spices. The herbs and seasoning segment is further sub-segmented into thyme, basil, oregano, parsley, and other herbs and seasoning. The spices segment is further sub-segmented into pepper, cardamom, cinnamon, clove, nutmeg, turmeric, and other spices. Based on the application, the market is segmented into bakery and confectionery, soup, noodles and pasta, meat and seafood, sauces, salads and dressing, savory snacks, and other applications. Based on geography, the market is segmented into China, Japan, India, Australia, and the Rest of Asia-Pacific. For each segment, the market sizing and forecasts have been done on the basis of value (in USD).
| Product Type | |||||||||
| Salt and Salt Substitutes | |||||||||
| |||||||||
|
| Application | |
| Bakery and Confectionery | |
| Soup, Noodles and Pasta | |
| Meat and Seafood | |
| Sauces, Salads and Dressings | |
| Savory Snacks | |
| Other Applications |
| Geography | |
| China | |
| Japan | |
| India | |
| Australia | |
| Rest of Asia-Pacific |
Asia-Pacific Seasoning and Spices Market Size Summary
The Asia-Pacific seasoning and spices market is experiencing significant growth, driven by the increasing demand for pure and organic herbs and the rising popularity of western cuisine in countries like India and China. This trend is further fueled by the internationalization of food preferences and the growing consumption of ethnic foods, which has heightened interest in a variety of spices and herbs. The market is also benefiting from the demand for blended spices, which offer convenience and enhance the cooking experience. The shift towards easy-to-prepare and ready-cooked meals, coupled with the clean-label trend, is pushing consumers towards natural herbs and spices, as they seek products with simpler ingredient lists that are perceived as healthier. India stands out as a major market due to its consumer inclination towards processed foods and its significant role in the global spice trade.
The growth of the processed food industry is a key factor propelling the Asia-Pacific spices and seasonings market, with increased consumer spending driven by changing lifestyles and the rise of single households. The expansion of retail channels and the popularity of savory snacks, soups, noodles, and ready-to-eat foods, particularly in China, India, and Japan, are contributing to this growth. The demand for western foods and exotic cuisines is also on the rise, leading to increased imports of spices, herbs, and seasonings from developing countries. India's dominant position in the global spice market is supported by its large middle-class population, awareness of health benefits, and use of spices as natural preservatives. The market is highly competitive, with major players like McCormick & Company, Dohler Gmbh, Olam International, Kerry Group PLC, and Sensient Technologies Corporation actively optimizing their supply chains and expanding their product offerings to meet the growing consumer demand.
Asia-Pacific Seasoning and Spices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Force Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Salt and Salt Substitutes
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2.1.2 Herbs and Seasoning
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2.1.2.1 Thyme
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2.1.2.2 Basil
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2.1.2.3 Oregano
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2.1.2.4 Parsley
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2.1.2.5 Other Herbs and Seasoning
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2.1.3 Spices
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2.1.3.1 Pepper
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2.1.3.2 Cardamom
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2.1.3.3 Cinnamon
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2.1.3.4 Clove
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2.1.3.5 Nutmeg
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2.1.3.6 Turmeric
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2.1.3.7 Other Spices
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2.2 Application
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2.2.1 Bakery and Confectionery
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2.2.2 Soup, Noodles and Pasta
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2.2.3 Meat and Seafood
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2.2.4 Sauces, Salads and Dressings
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2.2.5 Savory Snacks
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2.2.6 Other Applications
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2.3 Geography
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2.3.1 China
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2.3.2 Japan
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2.3.3 India
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2.3.4 Australia
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2.3.5 Rest of Asia-Pacific
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Asia-Pacific Seasoning and Spices Market Size FAQs
How big is the Asia-Pacific Seasoning and Spices Market?
The Asia-Pacific Seasoning and Spices Market size is expected to reach USD 5.28 billion in 2024 and grow at a CAGR of 5.63% to reach USD 6.95 billion by 2029.
What is the current Asia-Pacific Seasoning and Spices Market size?
In 2024, the Asia-Pacific Seasoning and Spices Market size is expected to reach USD 5.28 billion.
