North America Seasonings Market Size

North America Seasonings Market Size

North America Seasonings Market size exceeded USD 3.7 billion in 2020 and is estimated to grow at over 4% CAGR from 2021 to 2027. Penetration of spices and seasonings in savory coupled with an increase in demand for processed meat & convenience products will positivity sway the product landscape.

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The easy availability of packaged spices, targeting a particular food product category is propelling the North America seasonings market growth. Packaged spices have become more affordable to all consumer groups owing to the rising disposable incomes. Furthermore, with the rising working population, the demand for on-the-go convenience foods is driving up the demand for spice & seasoning products. Consumers are becoming aware of the advantages of organic spices over artificial flavors. These factors have boosted the use of spices and seasonings in recent years.

Increased consumer health-consciousness will open up new growth opportunities for the seasoning industry. The major role of the product is to enhance the overall flavor profile of the food without compromising its nutritional aspect. Cinnamon is popularly known to reduce and maintain blood sugar levels. On the other hand, paprika is a rich source of anti-inflammatory agents and helps lower blood pressure. The health benefits of spices and seasonings are expected to drive the market statistics during the forecast period.

With the developing food & beverages industry, significant growth in recent years is witnessed, especially in the U.S. and Canada, where consumers prefer Asian cuisine with a variety of spices such as Chinese, Indian, Thai, and Vietnamese. Other important factors that are driving the market growth include expansion in the tourism industry and an increase in the millennium population. In response to the increased cases of COVID-19 pandemic, countries in North America imposed measures to prevent the virus from spreading quickly, disrupting the region's entire supply chain and affecting the North America seasonings market demand in 2020.

In Addition, according to the Food and Agriculture Organization, rapid economic development, income growth, and urbanization are causing changes in consumer dietary patterns in North American countries. Traditional foods are increasingly being included in consumers’ daily diets. In urban areas, the growth of retail channels, such as supermarkets and hypermarkets, is expected to increase spice availability, boosting the demand for spices and seasonings. Consumer lifestyles have shifted as a result of urbanization. With more job opportunities and higher disposable incomes, the time spent on cooking has decreased.