Asia Pacific Seasonings Spices Market Research Report Information By Product Type (Salt and Salt Substitutes, Herbs and Seasoning [Thyme, Basil, Oregano, Parsley, Garlic, and Other Herbs and Seasoning] and Spices [Pepper, Cardamom, Cinnamon, Clove, Nutmeg, Turmeric, and Other Spices]), By Application (Bakery and Confectionery, Soup, Noodles and Pasta, Meat and Seafood, Sauces, Salads and Dressings, Snacks & Convenience Foods, and Other Applications) –and Asia Pacific Market Forecast Till 2032

Seasonings Spices Market Overview

Asia Pacific's Seasonings Spices Market Size was valued at USD 5.5 Billion in 2022. The Seasonings Spices market industry is projected to grow from USD 5.8 Billion in 2023 to USD 9.1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.80% during the forecast period (2024 - 2032). The growing demand for vegetarianism and veganism is one of the major market drivers driving the Seasonings Spices market in Asia Pacific. Investing in the supply chain digitization of spices is driving the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Seasonings Spices Market Trends

• Growing need for processed food items is driving the market growth

The Asia Pacifica Seasonings Spices market CAGR is increasing due to the growth of the processed food industry. Consumer expenditure on savory snacks, soups, noodles, beverages, and ready-to-eat food has increased due to changing lifestyles, a rise in working women, expanded product selections, and retail channel penetration, especially in China, India, and Japan. As a result, industries, including dressings, sauces, and salads, purchase more spices, further propelling the market's expansion. The retail value of processed foods supplied at convenience stores in Japan in 2021 was estimated by the Ministry of International Trade and Industry to be approximately 3.07 trillion Japanese yen.

Additionally, consumers' appetites are growing for new and exciting spices and flavors as Western foods become more widely available and popular. Moreover, customers are gravitating toward organic spices as they become more conscious of processed foods' dangerous chemicals and additives. The increasing number of individuals traveling to far-off places and the developing multicultural population are the two main causes of this rise in Western cuisine. Consequently, there is an increasing need for the spices, herbs, and condiments utilized in ethnic cooking. The Asia-Pacific region's increasing demand for Western cuisine has resulted in a notable increase in the importation of spices, herbs, and seasonings from developing nations, which has fueled the expansion of Western cuisines in the area.

Furthermore, Consumers generally look out for natural and healthier items, which include seasonings and spices. Nowadays, they are increasingly aware of things' sources and manufacturing processes. In affluent nations, consumers are adopting sustainable sourcing practices to safeguard the quality of products, the safety of supply chains, and, above all, the livelihoods of the individuals who cultivate spices. The market shares of sustainably produced spices and herbs are rising in regions as sustainability certification for spices becomes more widespread. Thus driving the Seasonings Spices market revenue.

Seasonings Spices Market Segment Insights

Seasonings Spices Product Type Insights

Based on Product Type, the Asia Pacific Seasonings Spices market segmentation includes salt and salt substitutes, herbs and seasoning (thyme, basil, oregano, parsley, garlic, and other herbs and seasoning), and spices (pepper, cardamom, cinnamon, clove, nutmeg, turmeric, and other spices). The spices segment dominated the market. People in the Asia Pacific region have been exposed to a wide variety of regional cuisines and have become aware of the nutritional advantages of spices, which has increased demand for them in the market. Spice demand is rising quickly because they can readily produce various flavors. The most popular spices in the area are cinnamon, pepper, and turmeric.

The herbs and seasoning segment is expected to grow fastest. Because of these herbs' great taste and medicinal qualities, consumers in the region are increasingly using them. Garlic, for instance, is most commonly used for its potent aroma and distinct flavor, but it also works well for curing illnesses like the common flu. Additionally, it helps in the treatment of cardiovascular disorders and hypertension.

Seasonings Spices Application Insights

Based on Application, the segmentation of Asia Pacifics Seasonings Spices includes bakery and confectionery, soup, noodles and pasta, meat and seafood, sauces, salads and dressings, snacks & convenience foods, and other applications. The snacks & convenience foods category generated the most income. The most significant products in the spice and seasoning industry are snacks and convenience foods. The rising demand for savory flavored snacks is driving the market's growth. The preparation of spices and other components, such as salt, garlic powder, lemon, dehydrated veggies, and other flavorings, is now included in the services offered by blending companies. Spice producers' ability to customize their products can help the market hold its highest share for the forecast duration.

The bakery and confectionery category is predicted to have the quickest rate as they use spices and seasonings to offer various products. Because of COVID-19, more people stayed home around Easter, increasing demand for spices, including nutmeg, ginger, cinnamon, and allspice. By creating ready-to-use spice mixtures, experts in spice mixing are helping the baking and confectionery sectors more and more, which is expected to spur growth in the future.

Figure 1: Asia Pacific Seasonings Spices Market, by Application, 2023 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Seasonings Spices Country Insights

The largest market share is expected to be in China. China is encouraging the production of organic spices because they are shown to be healthier than conventional spices, and there is a huge demand for pure and organic herbs in China. The rapid expansion in this country can be attributed to the growing need for various spices as Chinese consumers' appetites for Western food become more pronounced. In the market under study, the trend toward internationalization and the rising consumption of ethnic foods has sparked a growing interest in spices and herbs, which is significantly fueling the market's growth overall and increasing the consumption of blended spices like biryani blended spice, which offer a mixed variety of spices in a single packet, thereby improving the cooking experience overall.

Figure 2: ASIA PACIFIC SEASONINGS SPICES MARKET SHARE BY REGION 2023 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Seasonings Spices Key Market Players & Competitive Insights

Prominent industry participants are making significant R&D investments to broaden their range of products, contributing to the market expansion for Seasonings Spices. In addition, market players are engaging in various strategic endeavors to broaden their market reach. Significant developments include introducing new products, contractual arrangements, mergers and acquisitions, increased investment levels, and cooperation with other entities. The Seasonings Spices sector must provide affordable products to grow and endure in an increasingly cutthroat and dynamic marketplace.

Businesses engaged in research and development are trying to boost demand for Seasonings Spices from major participants in the market, including McCormick & Company, Inc., Kerry Group PLC, Frontier Co-op, Olam International, Schulze & Co. KG, Dohler GmbH, Cargill, Incorporated, SHS Group, Sensient Technologies Corporation, and Kikkoman Corporation.

Key Companies in the Seasonings Spices market include.

• McCormick & Company, Inc.


• Kerry Group PLC


• Frontier Co-op


• Olam International


• Schulze & Co. KG


• Dohler GmbH


• Cargill, Incorporated


• SHS Group


• Sensient Technologies Corporation


• Kikkoman Corporation

Seasonings Spices Industry Developments

January 2022: Cargill established the first Food Innovation Center in India in response to the rising demand from consumers for wholesome food options. Covering about 17,000 square feet, this is India's first state-of-the-art Innovation Center. It has a demonstration kitchen and sensory lab that can cater to the needs of the dairy, beverage, bread, and convenience food businesses, among other specialized culinary applications.

April 2021: Kerry made a EUR 30 million investment in a new Indonesian Taste factory. The new location will support Kerry's rapidly expanding taste business and its food and beverage systems across all categories, including seasoning and spices, due to the wide range of flavor innovations that will be produced in Karawang.

Seasonings Spices Market Segmentation

Seasonings Spices Product Type Outlook

• Salt and Salt Substitutes


• Herbs and Seasoning
  
  
  
  • Thyme
  
  
  • Basil
  
  
  • Oregano
  
  
  • Parsley
  
  
  • Garlic
  
  
  • Other Herbs and Seasoning
  
  
  
  

• Spices
  
  
  
  • Pepper
  
  
  • Cardamom
  
  
  • Cinnamon
  
  
  • Clove
  
  
  • Nutmeg
  
  
  • Turmeric
  
  
  • Other Spices
  
  
  
  

Seasonings Spices Application Outlook

• Bakery and Confectionery


• Soup, Noodles and Pasta


• Meat and Seafood


• Sauces, Salads and Dressings


• Snacks & Convenience Foods


• Other Applications

Seasonings Spices Regional Outlook

• Asia Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Indonesia
  
  
  • Thailand
  
  
  • Vietnam
  
  
  • Malaysia
  
  
  • Singapore
  
  
  • Rest of Asia-Pacific