Market Size of Europe Seasoning and Spices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 6.22 Billion |
| Market Size (2029) | USD 7.73 Billion |
| CAGR (2024 - 2029) | 4.46 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Seasoning and Spices Market Analysis
The Europe Seasoning and Spices Market size is estimated at USD 6.22 billion in 2024, and is expected to reach USD 7.73 billion by 2029, growing at a CAGR of 4.46% during the forecast period (2024-2029).
The market for European spices and seasonings witnessed a rapid uptick with the onset of the COVID-19 pandemic, wherein some selected spices that are supposed to provide immunity, such as turmeric, dried peppers, cinnamon, dried garlic, ginger, and echinacea, received tremendous response in the market. For instance, according to the International Trade Centre data, in 2021, the aggregate import value of ginger, saffron, turmeric "Curcuma," thyme, bay leaves, curry, and other spices in Central and Eastern Europe (CEE) reached USD 3,750,542 from USD 3,596,691 in 2020.
The market witnessed significant growth due to the rising demand for convenient food products and the availability of various product varieties, with a mix of regional snack flavors. Newly industrializing markets are providing new market opportunities for the seasonings and spices market. The increasing interest in new foods, natural organic products from sustainable sources, fair-trade promotions, natural health remedies, and pharmaceutical developments assist in providing new market opportunities.
The increasing knowledge of health and wellness issues among the local and ex-pat population and the increasing purchasing power led to the growing interest in organic spices.
Europe Seasoning and Spices Industry Segmentation
Spices and seasonings are widely used to add flavor, aroma, color, and taste to food and beverages and sometimes act 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 European seasoning and spices market is segmented into product type, application, and geography. By product type, the market is segmented into salt and salt substitutes, herbs and seasonings, and spices. Herbs and seasonings are further sub-segmented into thyme, basil, oregano, parsley, and other herbs. Spices are sub-segmented into pepper, cardamom, cinnamon, clove, nutmeg, turmeric, and other spices. By application, the market is segmented into bakery and confectionery, soup, noodles, and pasta, meat and seafood, sauces, salads, and dressing, savory snacks, and other applications. The market is also segmented by country into Spain, United Kingdom, France, Germany, Russia, Italy, and Rest of Europe. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
| Product Type | |||||||||
| Salt and Salt Substitutes | |||||||||
| |||||||||
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| Application | |
| Bakery and Confectionery | |
| Soup, Noodles, and Pasta | |
| Meat and Seafood | |
| Sauces, Salads, and Dressing | |
| Savory Snacks | |
| Other Applications |
| Geography | |
| Spain | |
| United Kingdom | |
| Germany | |
| France | |
| Italy | |
| Russia | |
| Rest of Europe |
Europe Seasoning and Spices Market Size Summary
The Europe seasoning and spices market is experiencing a dynamic transformation, driven by evolving consumer preferences and increasing demand for diverse flavors. The market has seen a notable surge in interest, particularly during the COVID-19 pandemic, as consumers turned to spices perceived to boost immunity. This trend has been further fueled by the rising popularity of convenient food products and the availability of a wide range of regional snack flavors. The market is benefiting from the globalization of food culture, with European consumers increasingly seeking new and exotic flavor experiences. This has led to a growing interest in organic and natural products, as well as fair-trade and sustainable sourcing, creating new opportunities for market expansion. The demand for ethnic cuisine is also on the rise, driven by a multicultural population and increased travel, which has led to a higher consumption of spices and seasonings used in exotic dishes.
The market landscape is highly competitive, with both domestic and international players vying for market share. Key industry players such as Doehler Group SE, Kerry Group PLC, Olam International, and Sensient Technologies Corporation are focusing on product innovation and development to cater to the diverse tastes and quality demands of consumers. The popularity of all-in-one spice blends and dried herbs, particularly in the United Kingdom, is contributing to market growth. The foodservice industry is also a significant contributor, with increased demand from chefs and food manufacturers. Companies are investing in expanding their operations to meet the growing customer demand. Strategic mergers and acquisitions are common as companies seek to maintain a competitive edge and secure their market position. This competitive environment is fostering continuous innovation and expansion within the European seasoning and spices market.
Europe Seasoning and Spices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Salt and Salt Substitutes
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2.1.2 Herbs and Seasonings
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2.1.2.1 Thyme
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2.1.2.2 Basil
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2.1.2.3 Oregano
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2.1.2.4 Parsley
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2.1.2.5 Other Herbs
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2.1.3 Spice
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2.1.3.1 Pepper
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2.1.3.2 Cardamom
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2.1.3.3 Cinnamon
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2.1.3.4 Clove
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2.1.3.5 Nutmeg
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2.1.3.6 Turmeric
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2.1.3.7 Other Spices
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2.2 Application
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2.2.1 Bakery and Confectionery
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2.2.2 Soup, Noodles, and Pasta
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2.2.3 Meat and Seafood
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2.2.4 Sauces, Salads, and Dressing
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2.2.5 Savory Snacks
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2.2.6 Other Applications
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2.3 Geography
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2.3.1 Spain
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2.3.2 United Kingdom
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2.3.3 Germany
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2.3.4 France
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2.3.5 Italy
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2.3.6 Russia
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2.3.7 Rest of Europe
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Europe Seasoning and Spices Market Size FAQs
How big is the Europe Seasoning and Spices Market?
The Europe Seasoning and Spices Market size is expected to reach USD 6.22 billion in 2024 and grow at a CAGR of 4.46% to reach USD 7.73 billion by 2029.
What is the current Europe Seasoning and Spices Market size?
In 2024, the Europe Seasoning and Spices Market size is expected to reach USD 6.22 billion.
