Latin America Spices Market Size & Outlook, 2026-2033
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Latin America spices market highlights
- The Latin America spices market generated a revenue of USD 485.8 million in 2025.
- The market is expected to grow at a CAGR of 4.8% from 2026 to 2033.
- In terms of segment, pepper was the largest revenue generating product in 2025.
- Pepper is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2026 to 2033.
Latin America data book summary
| Market revenue in 2025 | USD 485.8 million |
| Market revenue in 2033 | USD 710.0 million |
| Growth rate | 4.8% (CAGR from 2026 to 2033) |
| Largest segment | Pepper |
| Fastest growing segment | Pepper |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pepper, Ginger, Cinnamon, Cumin, Turmeric, Cardamom, Coriander, Cloves, Others Product |
| Key market players worldwide | Ajinomoto Co Inc, Associated British Foods PLC, Kerry Group PLC Class A, DS Smith PLC, McCormick & Co Inc, Bart Ingredients, Everest Global, DohlerGroup, McCormick & Company, DS Group |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.7% of the global spices market in 2025.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- North America is the fastest growing regional market and is projected to reach USD 3,408.8 million by 2033.
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Spices Market Scope
Spices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| McCormick & Company | View profile | 10001+ | Baltimore, Maryland, United States, North America | http://www.mccormickcorporation.com |
| Everest Global | View profile | 11-50 | London, England, United Kingdom, Europe | https://everestglobalplc.com/ |
| Bart Ingredients | View profile | 251-500 | Bristol, Bristol, City of, United Kingdom, Europe | https://bart-ingredients.co.uk/ |
| DohlerGroup | View profile | 5001-10000 | Darmstadt, Hessen, Germany, Europe | https://www.doehler.com/ |
| DS Group | View profile | 1001-5000 | Noida, Uttar Pradesh, India, Asia | http://www.dsgroup.com/ |
| DS Smith PLC | View profile | 29672 | 1 Paddington Square, Level 3, London, United Kingdom, W2 1DL | https://www.dssmith.com |
| Ajinomoto Co Inc | View profile | 43318 | 15-1, Kyobashi 1-chome, Chuo-ku, Tokyo, Japan, 104-8315 | http://www.ajinomoto.co.jp |
| McCormick & Co Inc | View profile | 13800 | 24 Schilling Road, Suite 1, Hunt Valley, MD, United States, 21031 | https://www.mccormickcorporation.com |
| Kerry Group PLC Class A | View profile | 21000 | Prince's Street, Tralee, Kerry, Ireland, V92 EH11 | https://www.kerry.com |
| Associated British Foods PLC | View profile | 133000 | 10 Grosvenor Street, Weston Centre, London, United Kingdom, W1K 4QY | https://www.abf.co.uk |
Latin America 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 22.46% in 2025. Horizon Databook has segmented the Latin America spices market based on pepper, ginger, cinnamon, cumin, turmeric, cardamom, coriander, cloves, others product covering the revenue growth of each sub-segment from 2021 to 2033.
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Target buyers of Latin America 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 continent-level data and insights on the Latin America spices market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America spices market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America spices market size, by country, 2021-2033 (US$M)
Latin America Spices Market Share, 2025 & 2033 (US$M)
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