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The Business Research Company's Herbs And Spices Global Market Report 2025 – Market Size, Trends, And Global Forecast 2025-2034
LONDON, GREATER LONDON, UNITED KINGDOM, June 5, 2025 /EINPresswire.com/ -- The Business Research Company’s Latest Report Explores Market Driver, Trends, Regional Insights - Market Sizing & Forecasts Through 2034
The global herbs and spices market shows a strong growth curve, expected to ascend from $183.49 billion in 2024 to $195.15 billion in 2025, reflecting a compound annual growth rate CAGR of 6.4%. This buoyancy in the historic period can be attributed to greater health consciousness, the globalization of various cuisines, a surge in ethnic food preferences, heightened demand for organic products, expansion of the food processing industry, and the popularity of convenience foods.
What Can We Expect For The Future Growth Of The Herbs And Spices Market Size?
In the forecast spotlight, the herbs and spices market size are prepped to continue its impressive growth momentum. Analysts predict it to scale up to a significant market valuation of $247.12 billion by 2029, cruising at a CAGR of 6.1%. This optimistic growth projection is fortified by factors such as an increase in vegetation, a rising demand for immune-boosting spices, an increasing preference for bold flavors, expansion in e-commerce sales for spices and herbs, and growth of the foodservice industry.
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What Are The Core Growth Drivers Of The Herbs And Spices Market?
Key market drivers revolve around the escalating demand for organic food, which is expected to keep propelling the growth of the herbs and spices market. Organic food refers to agricultural products grown and processed without synthetic chemicals and genetically modified organisms GMOs. A rising demand for organic foods has been spurred by an increase in health consciousness and environmental sustainability concerns.
Who Are The Key Industry Players Shaping The Herbs And Spices Market Landscape?
Grasping a foothold in the competitive landscape of the global herbs and spices market are major companies such as Associated British Foods plc, Olam International, McCormick & Company Inc., Sensient Technologies Corporation, Döhler GmbH, Synthite Industries Ltd., Everest Spices, DS Group, Elite Spice Inc., Frontier Co-op, Mountain Rose Herbs, Raps GmbH & Co. KG, Pacific Spice Company, Inc., Bart Ingredients Company Ltd., Badia Spices Inc., Organic Herb Inc., Vanns Spices Ltd., Baron Spices & Seasonings, Durkee-Mower Inc., Ganesha Foods.
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What Are The Emerging Trends In The Herbs And Spices Market?
Emerging trends sculpting the market dynamics are centered on technology, chiefly innovative and attractive packaging systems. Key players are tapping into these trends to enhance product shelf life, maintain freshness, and draw in more consumers with convenience and sustainability factors.
Major trends enhancing the growth journey include sustainable sourcing practices, adoption of organic and non-GMO certifications, enhanced processing techniques, innovative packaging for extended shelf life, AI-driven supply chain optimization, innovation in medicinal spices, and development of spice blends catering to global culinary trends.
How Is the Global Herbs And Spices Market Segmented?
Diving into market segmentation, the herbs and spices market covered in this report is segmented by product type into herbs, spices, paprika hot pepper, and cumin. Looking at the form, the market is broken down into categories such as powder and granules, flakes, paste, whole or fresh. On the scale of sales channels, the market segments into direct and indirect sales. Finally, by end-use, it spans sectors like food, beverage, food service, and retail sales.
What Are The Regional Insights Of The Herbs And Spices Market?
Returning to regional insights, as of 2024, North America was the leading region in the herbs and spices market. However, the report covers a breadth of regions including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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