Asia Pacific Seasoning & Spices Market Size & Outlook
Asia Pacific seasoning & spices market, 2018-2030 (US$M)
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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.
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Seasoning & Spices Market Scope
Seasoning & Spices Market Companies
| Name | Profile | # Employees | HQ | Website |
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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 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.
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Target buyers of Asia Pacific 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 continent-level data and insights on the Asia Pacific seasoning & spices market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific seasoning & spices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific seasoning & spices market size, by country, 2018-2030 (US$M)
Asia Pacific Seasoning & Spices Market Outlook Share, 2024 & 2030 (US$M)
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