Africa Seasoning & Spices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.78 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Africa Seasoning & Spices Market Analysis
Africa's seasoning and spices market is expected to register a CAGR of 3.78% during the forecast period.
- The African market is booming due to the tourism it attracts, especially in South Africa. The food market is growing, and so is the spices and seasoning market. The entire market is gaining popularity due to tourism. The demand from consumers for high-quality, healthy food ingredients, along with the increased preference for trying out new flavors in the foodservice sector and processed food products, is supporting the overall spices and seasonings market's growth, leading to an upward trend, hence driving the market growth during the forecast period.
- The growing demand for innovative spices and seasonings is predicted to be an opportunistic factor. Moreover, increasing government initiatives for promoting organic food and organic farming to maintain environmental health further influences the demand growth for organic spices. With growing health consciousness among consumers, some selected spices meant to provide immunity, such as turmeric, dried peppers, cinnamon, dried garlic, ginger, and echinacea, have received tremendous responses in the market studied.
Africa Seasoning & Spices Market Trends
This section covers the major market trends shaping the Africa Seasoning & Spices Market according to our research experts:
Growing Popularity for Ethnic food
- With ethnic foods becoming increasingly available and mainstream, consumers are developing an appetite for new and exciting spices and seasonings. Reasons for this increase in the popularity of ethnic cuisine include the growing multicultural population and the fact that people are traveling more and more to exotic destinations. As a result, the demand for spices, herbs, and seasonings used in exotic cuisine is also growing.
- This growing demand for ethnic food in Africa has led to significant growth in Africa's imports of spices, herbs, and seasonings from developing countries in the region. One of the primary aspects driving the spices and seasoning market in Africa is customers' willingness to try different flavors and ethnic cuisines. As a result, there has been an increase in demand for diverse spices and seasonings.
Meat, Poultry, and Seafood Remains the Largest Market Segment
- Dry rubs and wet rubs are commonly known as spice blends. They are spice blends mixed with water or oil and are a great way to improve the flavor and preservation properties of meat. These blends are added to meat, fish, and poultry as a marinade. Black pepper is common in rubs, and so are ground hot peppers such as cayenne or chipotle. Ginger, horseradish, and mustard powder are also included in this category.
- Spices and seasonings are also used in the preparation of meat products such as sausages. Pepper, red pepper, paprika, garlic, rosemary, thyme, cloves, ginger, and nutmeg are the most commonly used spices in sausages. Cinnamon and cardamon are commonly used spices to flavor numerous meat meals.
- Various spices are used to prepare a range of sauces and dips to enhance the taste and flavor of meat, fish, and other dishes offered in restaurants. Specialist spice-mixing companies increasingly assist the meat trade by producing ready-to-use spice mixtures for meat and meat products. The above-mentioned factors are projected to drive the market's growth over the forecast period.
Africa Seasoning & Spices Industry Overview
Africa's seasoning and spices market is fragmented, with leading companies driving the growth. Some of the major players in the African seasoning and spices market are McCormick & Company Inc, Kerry Group, and Givaudan, among others. Moreover, companies are teaming up with industry partners and key stakeholders through the sustainable spices initiative (SSI) to find more collaborative ways to accelerate and scale sustainability within the category.
Africa Seasoning & Spices Market Leaders
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McCormick & Company Inc
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Spice Importers and Millers CC
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Kerry Group
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Freddy Hirsch Group
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Givaudan
*Disclaimer: Major Players sorted in no particular order
Africa Seasoning & Spices Market News
- October 2021: Germany-based fragrances, care, flavorings, and nutrition manufacturer, Symrise AG entered a strategic partnership with Freddy Hirsch Nigeria, a leading manufacturer of spices, ingredients, and flavors. Together, Symrise AG and Freddy Hirsch Nigeria are focused on boosting food innovation and nutrition in West Africa. Under the new partnership, the companies will focus on developing, launching, and commercializing transformational food products: general seasoning, bouillon meat, snacks, and instant noodles. This innovative partnership will harness the flavor technology platform to deliver authentic regional and hyperlocal African flavors and ingredients.
- June 2021: MANE strengthened its partnership with Deli Spices by creating an improved range of dry marinades targeting the B2B retail market. The Deli Spices R&D Technologists collaborated with MANE Meat Centres of Excellence for both a functional and flavor perspective, utilizing market research results to capture local flavor trends. The range includes 15 lines for 'Classic, World Cuisine, Proudly African or Something Spicy' flavor profiles, with popular and exotic names like 'Sticky BBQ, Creamy Garlic & Herb, Peri Peri and Marrakesh' to make them more appealing to the consumer. They are supplied in a ready-pack form and only need to be mixed with water and oil to be used.
- January 2021: McCormick & Company Inc., a global leader in flavor, purchased 100% of the shares of FONA International, LLC and certain of its affiliates, a privately held company. FONA is a leading manufacturer of clean and natural flavors providing solutions for a diverse customer base across various applications for the food, beverage, and nutritional markets. McCormick & Company, which manufactures spices, seasoning mixes, and more for a large swath of the food industry, has worked feverishly in recent months to strengthen and diversify its business through strategic acquisitions.
Africa Seasoning & Spices Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Products Type
5.1.1 Salt and Salt Substitutes
5.1.2 Herbs
5.1.2.1 Thyme
5.1.2.2 Basil
5.1.2.3 Oregano
5.1.2.4 Parsley
5.1.2.5 Other Herbs
5.1.3 Spices
5.1.3.1 Pepper
5.1.3.2 Cardamom
5.1.3.3 Cinnamon
5.1.3.4 Clove
5.1.3.5 Nutmeg
5.1.3.6 Other Spices
5.2 By Application
5.2.1 Bakery and Confectionery
5.2.2 Soup
5.2.3 Meat and Seafood
5.2.4 Sauce, Salad, and Dressing
5.2.5 Savory Snack
5.2.6 Other Applications
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Spice Importers and Millers CC
6.3.2 Freddy Hirsch Group
6.3.3 McCormick & Company Inc
6.3.4 Givaudan
6.3.5 Kerry Group
6.3.6 Exim International (Pty) Ltd.
6.3.7 Organic Spices Inc.
6.3.8 Spice Chain Corporation
6.3.9 Natpro Spicenet (Pty) Ltd.
6.3.10 Deli-Spices (Pty) Ltd.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
Africa Seasoning & Spices Industry Segmentation
Spices and seasonings are widely used to add flavor, aroma, color, and taste to food & beverages and sometimes as preservatives or antibacterial agents. Manufacturers use these attributes of spices and seasonings to improve their product quality and taste and increase their shelf life.
The African seasoning and spices market is segmented by product type and application. Based on product type, the market has been segmented into salt and salt substitutes, herbs, and spices. Furthermore, herbs are segmented into thyme, basil, oregano, parsley, and other herbs. Likewise, spices are further segmented into pepper, cardamom, cinnamon, clove, nutmeg, and other spices. By application, the market has been segmented into bakery and confectionery, soup, meat and seafood, sauce, salad, dressings, savory snacks, and other applications.
For each segment, the market sizing and forecasts have been done based on value (in USD million).
| Products Type | ||||||||
| Salt and Salt Substitutes | ||||||||
| ||||||||
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| By Application | |
| Bakery and Confectionery | |
| Soup | |
| Meat and Seafood | |
| Sauce, Salad, and Dressing | |
| Savory Snack | |
| Other Applications |
Africa Seasoning & Spices Market Research FAQs
What is the current Africa Seasoning and Spices Market size?
The Africa Seasoning and Spices Market is projected to register a CAGR of 3.78% during the forecast period (2024-2029)
Who are the key players in Africa Seasoning and Spices Market?
McCormick & Company Inc, Spice Importers and Millers CC, Kerry Group, Freddy Hirsch Group and Givaudan are the major companies operating in the Africa Seasoning and Spices Market.
What years does this Africa Seasoning and Spices Market cover?
The report covers the Africa Seasoning and Spices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Africa Seasoning and Spices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Africa Seasoning and Spices Industry Report
Statistics for the 2024 Africa Seasoning and Spices market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Africa Seasoning and Spices analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
