Latin America Seasoning & Spices Market Size & Outlook
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- Seasoning & Spices Market Outlook
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Latin America seasoning & spices market highlights
- The Latin America seasoning & spices market generated a revenue of USD 160.7 million in 2024.
- The market is expected to grow at a CAGR of 6.9% 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, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 160.7 million |
| Market revenue in 2030 | USD 240.0 million |
| Growth rate | 6.9% (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, Latin America region accounted for 0.7% 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 spices and seasonings industry in Central & South America is dominated by a few key players. Companies like McCormick & Company, Inc., Olam International, and Ajinomoto Co., Inc. are at the forefront, leveraging strategic decisions, market share dominance, and a robust portfolio of products to secure their place.
These industry leaders are recognizing the shift in consumer preferences toward authentic and innovative flavors. They are actively responding by investing in research and development to create new taste experiences incorporating various spices. Collaborations with ingredient manufacturers are key, enabling them to introduce exotic and unique flavor profiles that cater to evolving palates.
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Publish Date: Dec 09, 2024
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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/ |
Latin America 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 64.97% in 2024.
Horizon Databook has segmented the Latin America seasoning & spices market based on spices, herbs, salt & salts substitutes covering the revenue growth of each sub-segment from 2018 to 2030.
The spices and seasonings industry in Central & South America is dominated by a few key players. Companies like McCormick & Company, Inc., Olam International, and Ajinomoto Co., Inc. are at the forefront, leveraging strategic decisions, market share dominance, and a robust portfolio of products to secure their place.
These industry leaders are recognizing the shift in consumer preferences toward authentic and innovative flavors. They are actively responding by investing in research and development to create new taste experiences incorporating various spices. Collaborations with ingredient manufacturers are key, enabling them to introduce exotic and unique flavor profiles that cater to evolving palates.
- Latin America Seasoning & Spices Market Product Outlook (Revenue, USD Million , 2018-2030)
- Spices
- Herbs
- Salt & Salts Substitutes
- Latin America Seasoning & Spices Market Brand Outlook (Revenue, USD Million , 2018-2030)
- National Brand
- Private Label Brand
- Latin America Seasoning & Spices Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Retail
- Foodservice
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Seasoning & Spices Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Seasoning & Spices Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Seasoning Spices Market, 2018-2030 (US$M)
Latin America seasoning & spices market statistics, by product, 2018-2030 (US$M)
