The Global Dried Spices Market size is expected to reach $14.7 billion by 2030, rising at a market growth of 4.4 % CAGR during the forecast period. In the year 2022, the market attained a volume of 4,21,949.8 tonnes, experiencing a growth of 4.6% (2019-2022).
Cumin is recognized for its potential digestive and anti-inflammatory properties, aligning with the increasing consumer focus on wellness and natural ingredients. In addition, cumin is a key ingredient in many traditional dishes from regions such as the Middle East, South Asia, and Latin America. Consequently, the Cummin segment would generate approximately 12.97 % share of the market by 2030. The demand for cumin-infused flavors has surged as global palates become more adventurous. Hence, the segment will expand rapidly in the coming years.
Many dried spices are known to be rich sources of antioxidants. By neutralizing free radicals in the body, antioxidants contribute to reducing oxidative stress and mitigating chronic disease risk. Spices such as turmeric, cinnamon, and cloves are renowned for their antioxidant content. Hence, these factors can lead to increased demand for dried spices.
Additionally, Social media platforms, especially visually centric ones like Instagram and Pinterest, leverage the power of images to create a feast for the eyes. Shareable content featuring vibrant, visually appealing dishes with unique flavor combinations captivates audiences and stimulates sensory curiosity. Hence, these aspects will boost the demand for dried spices.
However, Adulteration involves intentionally adding inferior or cheaper substances to dried spices to increase volume or weight, compromising the quality of the final product. Adulteration can dilute the spices' flavor, aroma, and nutritional value, leading to substandard products that do not meet consumer expectations. Therefore, these factors can limit the expansion of the market.
Drivers 
Restraints 
Opportunities 
Challenges Based on source, the market is segmented into natural and organic. In 2022, the organic segment garnered an 18.51 % revenue share in the market. Organic certifications such as USDA Organic and EU Organic assure consumers of the authenticity of organic dried spices. Transparency in labeling and supply chain information further enhances consumer confidence. Likewise, consumers increasingly view organic dried spices as elevating their culinary experiences. Therefore, these factors can help in the expansion of the segment.
Based on form, the market is divided into powder, granules, and whole. The powder segment recorded the 55.40 % revenue share in the market in 2022. Powdered spices offer unparalleled convenience and ease of use in culinary applications. The pre-ground nature of these spices eliminates the need for time-consuming grinding or processing, making them readily accessible for quick and efficient seasoning in various dishes. Therefore, the segment will witness increased growth in the upcoming years.
On the basis of application, the market is divided into food & beverage industry, foodservice industry, and retail. In 2022, the foodservice industry segment witnessed a 36.49 % revenue share in the market. The increasing demand for authentic and globally inspired flavors is a significant driver for the growth of the food service segment in the dried spices market. Consumers seeking diverse and immersive dining experiences are drawn to restaurants and eateries that incorporate various spices in their cuisines. Therefore, these factors will lead to enhanced growth in the segment.
On the basis of product type, the market is divided into pepper, ginger, cinnamon, cumin, turmeric, cardamom, cloves, nutmeg & mace, and others. The pepper segment recorded the 22.46 % revenue share in the dried spices market in 2022. Pepper, a versatile spice, is an essential ingredient in diverse global cuisines. Its widespread use in various culinary traditions, from Asian and Mediterranean to Latin American cuisines, contributes to consistent demand. Thus, these aspects can assist in the growth of the segment.
Free Valuable Insights: Global Dried Spices Market size to reach USD 14.7 Billion by 2030
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2022, the Europe segment acquired a 30.35% revenue share in the market. Europe, known for its rich culinary heritage, continues to embrace a diverse range of cuisines. Consumers in the region exhibit a growing interest in exploring global flavors, leading to an increased demand for a wide variety of dried spices to enhance and diversify their culinary experiences. Hence, these factors can boost the demand in the segment.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 10.5 Billion |
| Market size forecast in 2030 | USD 14.7 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 4.4% from 2023 to 2030 |
| Quantitative Data | Volume in Tonnes, Revenue in USD Billion, and CAGR from 2019 to 2030 |
| Number of Pages | 451 |
| Number of Tables | 970 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Source, Form, Product Type, Application, End User, Region |
| Country scope |
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| Companies Included | Olam Group Limited, EVEREST Food Products Pvt. Ltd., Bart Ingredients Company Ltd., DS Group, McCormick & Company, Inc., Sauer Brands, Nestle S.A, The Spice House, Frontier Co-op., Firmenich SA |
By Source (Volume, Tonnes, USD Billion, 2019-2030)
By Form (Volume, Tonnes, USD Billion, 2019-2030)
By Application (Volume, Tonnes, USD Billion, 2019-2030)
By Product Type (Volume, Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Tonnes, USD Billion, 2019-2030)
This Market size is expected to reach $14.7 billion by 2030.
Increasing Consumer Awareness Of Health Benefits are driving the Market in coming years, however, Quality Control And Adulteration Concerns restraints the growth of the Market.
Olam Group Limited, EVEREST Food Products Pvt. Ltd., Bart Ingredients Company Ltd., DS Group, McCormick & Company, Inc., Sauer Brands, Nestle S.A, The Spice House, Frontier Co-op., Firmenich SA
In the year 2022, the market attained a volume of 4,21,949.8 tonnes, experiencing a growth of 4.6% (2019-2022).
The Food & Beverage Industry segment is leading the Market by Application in 2022 there by, achieving a market value of $7.3 billion by 2030.
The Asia Pacific region dominated the Market by Region in 2022, there by achieving a market value of $5.7 billion by 2030, growing at a CAGR of 4.8 % during the forecast period.
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