Market Size of North American Seasonings And Spices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 4.48 Billion |
| Market Size (2029) | USD 5.51 Billion |
| CAGR (2024 - 2029) | 4.79 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North American Seasonings & Spices Market Analysis
The North American Seasonings And Spices Market size is estimated at USD 4.48 billion in 2024, and is expected to reach USD 5.51 billion by 2029, growing at a CAGR of 4.79% during the forecast period (2024-2029).
The North American seasonings and spices market is experiencing rapid growth due to several significant factors. The demand for seasonings and spices in various culinary applications has increased significantly as customers' preferences shift toward tastier and healthier food choices. There is a high demand for clean-label and premium spice products as consumers increasingly prioritize natural and organic ingredients. Additionally, the market is being driven by the growing desire for ethnic and foreign flavors, resulting from North America's increasingly diverse population. Moreover, as foodservice establishments such as cafes, restaurants, and fast-food chains strive to innovate and differentiate themselves from competitors, the market for seasonings and spices continues to expand.
Asian cuisines like Thai, Indian, Chinese, and Vietnamese are popular in North America due to the diverse range of spices and herbs used to enhance the flavors of dishes. The rise in home cooking among American consumers leads to increased sales of spices such as pepper and ginger. Additionally, many companies collaborate with media agencies and invest in advertising to promote their products. For instance, in 2023, McCormick & Company Inc., one of the largest producers of herbs, spices, and seasoning mixes, named Dentsu X as a media agency. Dentsu X will deliver a full-funnel media strategy and plan for the complete range of McCormick spices and seasonings brands.
North American Seasonings & Spices Industry Segmentation
Spices are vegetation products that have an aromatic or pungent taste quality and are used for flavoring while cooking. On the other hand, seasoning is a mixture of several flavoring components, such as sugars, salts, spices, and herbs. The North American seasonings and spices market is segmented by product type into salt and salt substitutes, herbs and seasonings, and spices. The herbs and seasonings covered in the report include thyme, basil, oregano, parsley, and other herbs and seasonings. The spices segment includes pepper, cardamom, cinnamon, clove, nutmeg, and turmeric. The market is segmented by application into bakery and confectionery, soup, noodles and pasta, meat and seafood, sauces, salads and dressings, savory snacks, and other applications. By geography, it is segmented into the United States, Canada, Mexico, and the Rest of North America. For each segment, the market sizing and forecasts are done based on value (USD).
| By Product Type | |||||||||
| Salt and Salt Substitutes | |||||||||
| |||||||||
|
| By Application | |
| Bakery and Confectionery | |
| Soup, Noodles, and Pasta | |
| Meat and Seafood | |
| Sauces, Salads, and Dressing | |
| Savory Snacks | |
| Other Applications |
| By Geography | |
| United States | |
| Canada | |
| Mexico | |
| Rest of North America |
North American Seasonings And Spices Market Size Summary
The North American seasonings and spices market is experiencing a notable expansion, driven by a growing consumer demand for high-quality and healthy food ingredients. This trend is supported by an increasing preference for new flavors in both the foodservice sector and processed food products. The market has been influenced by the COVID-19 pandemic, which led to a shift in consumer behavior towards at-home dining with bold flavors reminiscent of restaurant-quality meals. The introduction of blended spices has gained popularity due to their convenience in various applications, such as savory snacks and ready meals. Additionally, there is a rising interest in Middle Eastern and Mediterranean spice blends, reflecting a broader acceptance of diverse culinary influences. However, the market faces challenges from stringent food regulations and the spices adulteration act, which could potentially hinder growth.
The market is characterized by the presence of key players such as McCormick, Kerry Group, Sensient Natural Ingredients, and D鈭氣垈hler Gmbh, who are leveraging strong distribution networks and strategic acquisitions to enhance their market presence. These companies are focusing on expanding production facilities and innovating new products to maintain a competitive edge. The demand for fresh herbs, particularly from regions like California and Florida, is also contributing to market dynamics, with fresh herbs primarily marketed through wholesale channels and farmer's markets. The market's growth is further supported by strategic mergers and acquisitions, such as Kerry Group's acquisition of Natreon Inc., which strengthens their portfolio in the dietary supplement and functional food industries. Overall, the North American seasonings and spices market is poised for continued growth, driven by evolving consumer preferences and strategic industry initiatives.
North American Seasonings And Spices Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.1.1 Increasing Demand for Clean Label Products
-
1.1.2 The Rising Popularity of Ethnic Cuisines
-
-
1.2 Market Restraints
-
1.2.1 Adverse Effects of Excess Spices Consumption
-
-
1.3 Porter's Five Forces Analysis
-
1.3.1 Bargaining Power of Suppliers
-
1.3.2 Bargaining Power of Buyers
-
1.3.3 Threat of New Entrants
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Product Type
-
2.1.1 Salt and Salt Substitutes
-
2.1.2 Herbs and Seasonings
-
2.1.2.1 Thyme
-
2.1.2.2 Basil
-
2.1.2.3 Oregano
-
2.1.2.4 Parsley
-
2.1.2.5 Other Herbs and Seasonings
-
-
2.1.3 Spices
-
2.1.3.1 Pepper
-
2.1.3.2 Cardamom
-
2.1.3.3 Cinnamon
-
2.1.3.4 Clove
-
2.1.3.5 Nutmeg
-
2.1.3.6 Turmeric
-
2.1.3.7 Other Spices
-
-
-
2.2 By Application
-
2.2.1 Bakery and Confectionery
-
2.2.2 Soup, Noodles, and Pasta
-
2.2.3 Meat and Seafood
-
2.2.4 Sauces, Salads, and Dressing
-
2.2.5 Savory Snacks
-
2.2.6 Other Applications
-
-
2.3 By Geography
-
2.3.1 United States
-
2.3.2 Canada
-
2.3.3 Mexico
-
2.3.4 Rest of North America
-
-
North American Seasonings And Spices Market Size FAQs
How big is the North American Seasonings And Spices Market?
The North American Seasonings And Spices Market size is expected to reach USD 4.48 billion in 2024 and grow at a CAGR of 4.79% to reach USD 5.51 billion by 2029.
What is the current North American Seasonings And Spices Market size?
In 2024, the North American Seasonings And Spices Market size is expected to reach USD 4.48 billion.
