Global Spices Market Size & Outlook, 2019-2027
Global spices market, 2016-2027 (US$M)
Related Markets
Global spices market highlights
- The global spices market generated a revenue of USD 5,859.2 million in 2019 and is expected to reach USD 9,700.8 million by 2027.
- The market is expected to grow at a CAGR (2020 - 2027) of 6.5% by 2027.
- In terms of segment, pepper accounted for a revenue of USD 1,085.0 million in 2019.
- Turmeric is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2019.
- Country-wise, Brazil is expected to register the highest CAGR from 2020 to 2027.
Global data book summary
| Market revenue in 2019 | USD 5,859.2 million |
| Market revenue in 2027 | USD 9,700.8 million |
| Growth rate | 6.5% (CAGR from 2019 to 2027) |
| Largest segment | Pepper |
| Fastest growing segment | Turmeric |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pepper, Ginger, Cinnamon, Cumin, Turmeric, Cardamom, Coriander, Cloves |
Other key industry trends
- In terms of revenue, the North America accounted for 25.6% of the global spices market in 2019.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2027.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 539.7 million by 2027.
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Spices Market Scope
Spices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global 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 spices market will help companies and investors design strategic landscapes.
Pepper was the largest segment with a revenue share of 18.52% in 2019. Horizon Databook has segmented the Global spices market based on pepper, ginger, cinnamon, cumin, turmeric, cardamom, coriander, cloves covering the revenue growth of each sub-segment from 2016 to 2027.
- Global Spices Product Outlook (Revenue, USD Million, 2016-2027)
- Pepper
- Ginger
- Cinnamon
- Cumin
- Turmeric
- Cardamom
- Coriander
- Cloves
- Others
- Global Spices Form Outlook (Revenue, USD Million, 2016-2027)
- Powder
- Whole
- Chopped/Crushed
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Target buyers of Global spices market databook
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Our clientele includes a mix of 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 global-level data and insights on the Global spices market, including forecasts for subscribers. This global databook contains high-level insights into Global spices market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
Global spices market size, by regions, 2016-2027 (US$M)
Top 10 countries: Spices market size, 2019 (US$M)
Global spices market share, by product, 2019 & 2027 (%, US$M)
Spices market: Opportunity assessment by country
Global spices market, by region, 2019 (US$M)
| Product | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,300.4 | 1,361.9 | 1,429.0 | 1,502.3 | 1,687.7 | 1,770.9 | 1,863.5 | 1,966.5 | 2,079.2 | 2,202.4 | 2,339.6 | 2,492.3 | 6.5% |
| Europe | 1,039.5 | 1,087.0 | 1,138.8 | 1,195.4 | 1,340.9 | 1,404.7 | 1,475.9 | 1,555.0 | 1,641.5 | 1,736.0 | 1,841.3 | 1,958.3 | 6.4% |
| Asia Pacific | 1,876.4 | 1,970.7 | 2,073.7 | 2,186.2 | 2,463.0 | 2,591.6 | 2,734.6 | 2,893.9 | 3,068.1 | 3,259.0 | 3,471.5 | 3,708.3 | 6.8% |
| Latin America | 311.0 | 322.9 | 335.8 | 349.9 | 389.6 | 405.1 | 422.4 | 441.8 | 462.8 | 485.8 | 511.3 | 539.7 | 5.6% |
| MEA | 548.4 | 571.9 | 597.5 | 625.5 | 699.7 | 731.1 | 766.0 | 804.8 | 847.2 | 893.5 | 945.0 | 1,002.2 | 6.1% |
| Overall | 5,075.7 | 5,314.4 | 5,574.9 | 5,859.2 | 6,580.8 | 6,903.4 | 7,262.4 | 7,662.0 | 8,098.8 | 8,576.7 | 9,108.6 | 9,700.8 | 6.5% |
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