ANZ Seasoning & Spices Market Size & Outlook, 2024-2030
ANZ seasoning & spices market, 2018-2030 (US$M)
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ANZ seasoning & spices market highlights
- The ANZ seasoning & spices market generated a revenue of USD 178.9 million in 2024 and is expected to reach USD 276.1 million by 2030.
- The ANZ market is expected to grow at a CAGR of 7.5% 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.
Seasoning & spices market data book summary
| Market revenue in 2024 | USD 178.9 million |
| Market revenue in 2030 | USD 276.1 million |
| Growth rate | 7.5% (CAGR from 2025 to 2030) |
| Largest segment | Spices |
| Fastest growing segment | Salt & Salts Substitutes |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 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, ANZ accounted for 0.8% of the global seasoning & spices market in 2024.
- Country-wise, India is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India seasoning & spices market is projected to lead the regional market in terms of revenue in 2030.
- ANZ is the fastest growing regional market in Asia Pacific and is projected to reach USD 276.1 million by 2030.
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Seasoning & Spices Market Scope
Seasoning & Spices Market Companies
| Name | Profile | # Employees | HQ | Website |
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ANZ 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 will help companies and investors design strategic landscapes.
Spices was the largest segment with a revenue share of 63.67% in 2024. Horizon Databook has segmented the ANZ seasoning & spices market based on spices, herbs, salt & salts substitutes covering the revenue growth of each sub-segment from 2018 to 2030.
Seasonings and spices play a vital role in enhancing the flavor and aroma of dishes, adding depth and complexity to culinary creations. In Australia and New Zealand (ANZ), the popularity of seasonings and spices has surged in the past and is expected to continue its growth.
Consumers are becoming increasingly aware of the health benefits of certain spices, such as turmeric's anti-inflammatory properties and ginger's ability to aid digestion. This has sparked a demand for spices that offer both flavor and nutritional value across Australia and New Zealand.
The increasing availability of international cuisines and ingredients in ANZ has exposed consumers to a wider range of flavors and spices, leading to a growing appreciation for their versatility. The availability of seasonings and spices in convenient formats, Such as pre-mixed blends and ready-to-use sauces, has made them more accessible to time-pressed consumers.
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Target buyers of ANZ seasoning & spices market databook
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Our clientele includes a mix of seasoning & spices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 country-level data and insights on the ANZ seasoning & spices market , including forecasts for subscribers. This country databook contains high-level insights into ANZ seasoning & spices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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ANZ seasoning & spices market size, by product, 2018-2030 (US$M)
ANZ Seasoning & Spices Market Outlook Share, 2024 & 2030 (US$M)
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