According to a new research report by Global Market Insights Inc., the Seasonings Market size is estimated to surpass USD 9.5 billion by 2028.
Seasonings are often used to fortify meat from microbial growth and physical & chemical reactions. The addition of spice mixtures helps to improve the nutritional value and flavor of food & beverage products. Manufacturers are introducing newer spice blends to serve the changing consumer taste preferences. In recent years, the foodservice industry witnessed substantial demand for traditional dishes that incorporate seasonings mixes for flavor & nutrient intensification.
Seasonings are also known for their anti-inflammatory and healing properties. It also contributes to the nourishment of the body and strengthens the immune system. The growing health and personal care industry and the rising focus on natural ingredients like spices and blends are expected to propel industry size. Increased consumer interest in bolder flavors & natural ingredients along with demand for convenience food items will further propel the seasonings market share.
Companies engaged in the production of different types of blends are engaged in partnerships with research chefs, flavor technologists, and sensory scientists. The study of the regional eating habits by manufacturers has contributed to the regional growth as it has helped them understand the consumer experience of food and flavor Besides, the adoption of advanced cooking practices is expected to shift the focus of chefs toward the increased inclusion of seasonings to maximize the aroma and improve flavors.
Diversified applications of dry seasonings in themed and special restaurants for attaining classic flavors will foster product demand
North America seasonings market from dry rub products is expected to surpass USD 600 million by 2028 owing to high consumer preference for barbeque and ready-to-cook foodstuffs. Surging adoption of dry rub seasonings in quick-service restaurants, fast food dishes, and special foods will instigate the seasonings market growth. Dry rub is used in the preparation of meat barbeques as it is dry and easy to apply compared to other alternatives. The added advantage of dry rub is its durable shelf life and feasible storage as it is moisture less in nature and is resistant to various deteriorating factors.
The pumpkin pie spice segment is projected to reach over USD 550 million by 2028 and is forecasted to witness a growth of over 7% share from 2022 to 2028 owing to sprouting application in foodservice and dietary meal preparations. The consumer preference for this seasoning in everyday household meal preparation contributes largely to the seasonings market value. Increased health awareness among consumers has also instigated the growth in the pumpkin pie spice seasoning market in North America.
Browse key industry insights spread across 180 pages with 105 market data tables & 31 figures & charts from the report, “Seasonings Market Size By Product (North America [Dry Rub, Pickling Spice, Poultry Spice, Pumpkin Pie Spice, Old Bay Seasoning, Montreal Steak Seasoning, Tajin], Europe [Fines Herbes, Herbes de Provence, Khmeli Suneli, Quatre Epices], Asia Pacific [Chinese Five Spice, Gomasio, Togarshi, Chaat Masala, Curry Powder, Garam Masala, Panch Phoron], Latin America [Adobo, Chilli Powder, Jerk Spice], Middle East [Advieh, Baharat, Za’atar], Africa [Berbere, Dukkah, Harissa, Rasel Hanout]), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028” in detail along with the table of contents:
Growing popularity of Chinese five spices demand in Asian Countries will foster product demand
Asia Pacific seasonings market from Chinese five spices seasoning will surpass USD 640 million owing to increasing utilization in preparation of fragrant meats, soups, and desserts. Chine five spices is a blend of ground spices used to flavor roasted meat, pork, fish, and chicken dishes. It can be used in roasted vegetables and for flavoring plain rice. The extensive demand for pure & organic herbs will the seasonings market growth. Further, the growing trends in western cooking incitement in the Asia Pacific region will propel the market growth during the forecast period.
“As per the analysis, Chinese Five Spices segment is forecasted to attain a CAGR of over 7% between 2022 to 2028 owing to surging cuisine adoption in food sector as a result of lifted tourism in the region.”
Strong growth of the health and dietary concerns in Middle East will foster product demand
Middle East seasonings market is anticipated to surpass USD 220 million by 2028 owing to steady growth in food processing sector and flourishing application industries such as healthcare, nutrition, and personal care consumer goods. Moreover, increasing demands for innovative blends and mixes for ready-to-cook food in Saudi Arabia and the UAE are anticipated to drive the regional industry growth. The Middle East countries such as Saudi Arabia and the UAE are prominent tourist attractions worldwide. The presence of a widened foodservice industry in the region has created significant demand for western cuisines in the region.
Baharat seasoning segment is anticipated to reach over USD 60 million by 2028 owing to allied health benefits offered by the product such as improvement of blood pressure and enhanced against diseases and strokes. The presence essential oils and vitamins like vitamins A, K, and C also assist in the resistance to eye disorders, and macular degeneration and also aids in effective digestion.
Key market participants in seasonings industry are McCormick & Company Inc., Olam International, Corbion, Nestle, Ajinomoto Co., Associated British Foods Plc, MDH Spices, and Unilever.
According to market trends, several market players are also involved in various strategies and initiatives including technological advancements, product launches, and mergers & acquisitions in order to gain substantial market share. For instance, in April 2021, Nestle acquired The Bountiful Company. This acquisition provided the company with a broad range of trusted products and more ways to enhance the health of customers around the world. Nestle also benefitted from the extended clientele and profited the brand globally as a result of this acquisition.
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