Asia Pacific Seasoning & Spices Market Size & Outlook
- Food Beverages & Tobacco
- Consumer Food & Beverages
- Seasoning & Spices Market Outlook
- Consumer Food & Beverages
Global Market
Related Markets
Ask a question about the seasoning & spices market
Asia Pacific seasoning & spices market highlights
- The Asia Pacific seasoning & spices market generated a revenue of USD 18,029.6 million in 2024.
- The market is expected to grow at a CAGR of 6.7% from 2025 to 2030.
- In terms of segment, spices was the largest revenue generating product in 2024.
- Salt & Salts Substitutes is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, ANZ is expected to register the highest CAGR from 2025 to 2030.
Asia Pacific data book summary
| Market revenue in 2024 | USD 18,029.6 million |
| Market revenue in 2030 | USD 26,544.8 million |
| Growth rate | 6.7% (CAGR from 2025 to 2030) |
| Largest segment | Spices |
| Fastest growing segment | Salt & Salts Substitutes |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Spices, Herbs, Salt & Salts Substitutes |
| Key market players worldwide | Ajinomoto Co Inc, Sensient Technologies Corp, Associated British Foods PLC, Kerry Group PLC Class A, McCormick & Co Inc, DohlerGroup, DS Group, Everest Spices, Bart Ingredients |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 78.1% of the global seasoning & spices market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 958.1 million by 2030.
The Asia Pacific region is experiencing a surge in the consumption of seasonings and spices, driven by a confluence of factors. Rising disposable incomes are empowering consumers to explore culinary adventures and experiment with flavors.
The emergence of homegrown brands of spices and herbs is fueling local pride and accessibility, while savvy marketing and promotional campaigns are further enticing consumers. This booming market is reinforced by the region's role as a global spice powerhouse. Countries like India, Vietnam, China, and Thailand are major producers and exporters, making Asia Pacific a leading player in the global spice trade.
No credit card required*
Publish Date: Dec 09, 2024
Customize the Report
20% free customization
- Include
- Countries, segments, points
- Tailor
- To your product definition
- Extend
- Deeper competitor detail
- Or
- A fully bespoke study
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Seasoning & Spices Market Scope
Seasoning Spices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Associated British Foods PLC | View profile | 133,000 | 10 Grosvenor Street, Weston Centre, London, United Kingdom, W1K 4QY | www.abf.co.uk |
| Sensient Technologies Corp | View profile | 3,956 | 777 East Wisconsin Avenue, Milwaukee, WI, United States, 53202-5304 | www.sensient.com |
| Kerry Group PLC Class A | View profile | 21,000 | Prince's Street, Tralee, Kerry, Ireland, V92 EH11 | www.kerry.com |
| McCormick & Co Inc | View profile | 13,800 | 24 Schilling Road, Suite 1, Hunt Valley, MD, United States, 21031 | www.mccormickcorporation.com |
| Ajinomoto Co Inc | View profile | 43,318 | 15-1, Kyobashi 1-chome, Chuo-ku, Tokyo, Japan, 104-8315 | www.ajinomoto.co.jp |
| Everest Spices | View profile | 101-250 | Mumbai, Maharashtra, India, Asia | www.everestfoods.com/ |
| DS Group | View profile | 1001-5000 | Noida, Uttar Pradesh, India, Asia | www.dsgroup.com/ |
| DohlerGroup | View profile | 5001-10000 | Darmstadt, Hessen, Germany, Europe | www.doehler.com/ |
| Bart Ingredients | View profile | 251-500 | Bristol, Bristol, City of, United Kingdom, Europe | bart-ingredients.co.uk/ |
Asia Pacific Seasoning & Spices Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Seasoning & Spices Market Outlook will help companies and investors design strategic landscapes.
Spices was the largest segment with a revenue share of 63.75% in 2024.
Horizon Databook has segmented the Asia Pacific seasoning & spices market based on spices, herbs, salt & salts substitutes covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific region is experiencing a surge in the consumption of seasonings and spices, driven by a confluence of factors. Rising disposable incomes are empowering consumers to explore culinary adventures and experiment with flavors.
The emergence of homegrown brands of spices and herbs is fueling local pride and accessibility, while savvy marketing and promotional campaigns are further enticing consumers. This booming market is reinforced by the region's role as a global spice powerhouse. Countries like India, Vietnam, China, and Thailand are major producers and exporters, making Asia Pacific a leading player in the global spice trade.
- Asia Pacific Seasoning & Spices Market Product Outlook (Revenue, USD Million , 2018-2030)
- Spices
- Herbs
- Salt & Salts Substitutes
- Asia Pacific Seasoning & Spices Market Brand Outlook (Revenue, USD Million , 2018-2030)
- National Brand
- Private Label Brand
- Asia Pacific Seasoning & Spices Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Retail
- Foodservice
Reasons to subscribe to Seasoning & Spices Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Seasoning & Spices Market Outlook databook
- Our clientele includes a mix of Seasoning & Spices Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Seasoning & Spices Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Seasoning & Spices Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific Seasoning Spices Market, 2018-2030 (US$M)
Asia Pacific seasoning & spices market statistics, by product, 2018-2030 (US$M)
