North America Seasonings Market Share

North America Seasonings Market Share

The North America seasonings market is competitive owing to the presence of large domestic manufacturing companies. The major players are

• McCormick & Company, Inc.
• Olam International
• Corbion
• Nestle
• Associated British Foods plc
• Ajinomoto Co.
• MDH Spices

Manufacturers are involved in strategies, such as acquisitions and new product development targeting a specific application, to enhance their business shares.

For instance, in May 2021, Olam Food Ingredients (OFI) acquired the U.S. private label spices & seasonings manufacturer, Olde Thompson for a total amount of USD 950 million. The acquisition helped the company to strengthen its base in the North American market.
 

Similarly, in December 2020, Olam Food Ingredients (OFI) acquired the U.S. chili pepper business of Mizkan America, Inc. for USD 108.5 million. The acquisition enhanced company’s foothold in the North American seasonings market.