Mexico Seasoning & Spices Market Size & Outlook, 2024-2030
Mexico seasoning & spices market, 2018-2030 (US$M)
Related Markets
Mexico seasoning & spices market highlights
- The Mexico seasoning & spices market generated a revenue of USD 62.1 million in 2024 and is expected to reach USD 87.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6% 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 62.1 million |
| Market revenue in 2030 | USD 87.9 million |
| Growth rate | 6% (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, Mexico accounted for 0.3% 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 North America, U.S. seasoning & spices market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 780.2 million by 2030.
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Seasoning & Spices Market Scope
Seasoning & Spices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 64.9% in 2024. Horizon Databook has segmented the Mexico seasoning & spices market based on spices, herbs, salt & salts substitutes covering the revenue growth of each sub-segment from 2018 to 2030.
Mexican cuisine is gaining popularity worldwide, driven by the increasing demand for authentic flavors and ingredients. This trend is fueling the demand for traditional Mexican spices and seasonings, such as chili peppers, cumin, oregano, and coriander, which are essential components in various Mexican dishes.
The growing consumption of packaged foods, including ready-to-eat meals, snacks, and processed meats, is driving the demand for spices and seasonings in Mexico. Manufacturers are incorporating a wide range of spices and herbs to enhance the flavor and appeal of these products, catering to the preferences of Mexican consumers.
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Target buyers of Mexico 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 Mexico seasoning & spices market , including forecasts for subscribers. This country databook contains high-level insights into Mexico seasoning & spices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico seasoning & spices market size, by product, 2018-2030 (US$M)
Mexico Seasoning & Spices Market Outlook Share, 2024 & 2030 (US$M)
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