Global Spices and Seasonings in Meat and Poultry Market Segmentation, By Product (Herbs, Salt and Salts Substitutes, and Spices), Application (Bakery and Confectionery Products, Frozen Food, Soups, Sauces, Dressings, Beverages, and Others) – Industry Trends and Forecast to 2031.
Spices and Seasonings in Meat and Poultry Market Analysis
Spices and seasonings in the meat and poultry market are experiencing growth driven by innovations such as advanced flavour and essential oil extraction technologies and the use of natural preservatives. New methods, such as cold-press extraction, enhance flavor profiles while maintaining freshness. The market is expanding due to increasing consumer demand for diverse, natural flavors and health-conscious options, with growth spurred by rising culinary experimentation.
Spices and Seasonings in Meat and Poultry Market Size
The global spices and seasonings in meat and poultry market size was valued at USD 15.48 billion in 2023 and is projected to reach USD 26.60 billion by 2031, with a CAGR of 7.00% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Spices and Seasonings in Meat and Poultry Market Trends
“Rising Consumer Preference for Bold Flavors”
A significant trend driving the growth of the spices and seasonings market in meat and poultry is the rising consumer preference for bold and exotic flavors. Consumers are increasingly seeking diverse and intense flavor profiles, which is pushing manufacturers to innovate with unique spice blends and seasonings. For instance, the popularity of global cuisines such as Mexican, Korean, and Indian is influencing meat and poultry products, leading to increased demand for spices such as chipotle, gochujang, and garam masala. This trend is expanding market opportunities and encouraging brands to experiment with new and exciting flavor combinations to cater to adventurous palates.
Report Scope and Market Segmentation
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Attributes
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Spices and Seasonings in Meat and Poultry Key Market Insights
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016 - 2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Product: Herbs, Salt and Salts Substitutes, and Spices
By Application: Bakery and Confectionery Products, Frozen Food, Soups, Sauces, Dressings, Beverages, and Others
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Key Market Players
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McCormick & Company, Inc. (U.S.), Olam Group (Singapore), Ajinomoto Co., Inc. (Japan), Associated British Foods plc (U.K.), Kerry Group plc (Ireland), Sensient Technologies (U.S.), Döhler GmbH (Germany), SHS Group (U.K.), F.Z. Organic Food (Netherlands), Rhythm Superfoods, LLC. (U.S.), Luke’s Organic (U.S.), Late July Snacks LLC (U.S.), and General Mills Inc. (U.S.)
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Market Opportunities
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Data Pointers
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Spices and Seasonings in Meat and Poultry Market Definition
Spices and seasonings in meat and poultry enhance flavor, aroma, and color. Commonly used spices include black pepper, garlic, paprika, and cumin, while seasonings may include herbs such as rosemary and thyme. They help tenderize meat, balance flavors, and create appealing dishes. For instance, paprika adds a smoky flavor to grilled chicken, while garlic and rosemary provide a savory depth to roasted meats.
Spices and Seasonings in Meat and Poultry Market Dynamics
Drivers
- Growth of the Processed Meat Industry
The growth of the processed meat industry drives the spices and seasonings market as manufacturers use these ingredients to enhance flavor and extend shelf life. For instance, companies such as Tyson Foods and Hormel Foods integrate complex spice blends in their products to appeal to consumer preferences and maintain product freshness. This trend fuels increased demand for a variety of seasonings, contributing significantly to market expansion.
- Rising Popularity of Ethnic and International Cuisines
The rising popularity of ethnic and international cuisines drives the market for spices and seasonings as consumers seek authentic flavors for traditional meat dishes. For instance, the increasing demand for dishes such as Mexican tacos, Indian curries, and Thai stir-fries necessitates a wide range of specific spices such as cumin, turmeric, and lemongrass. This trend boosts market growth by expanding the variety of seasonings required to recreate these diverse flavors.
Opportunities
- Advancements in Spice Processing Technologies
Advancements in spice processing technologies, such as high-pressure processing and advanced drying techniques, enhance product quality and extend shelf life. For instance, the use of freeze-drying helps retain flavor and nutritional value, making spices more potent and appealing. Innovations in packaging, such as vacuum-sealed and UV-protected containers, ensure freshness and prevent contamination, creating significant opportunities for market growth by meeting consumer demand for high-quality, long-lasting spices.
- Rising Demand for Clean Label Product
The clean label movement presents a significant opportunity in the spices and seasonings market for meat and poultry. Consumers increasingly prefer products with natural ingredients and transparent labeling, avoiding artificial additives. For instance, McCormick has introduced spice blends with clean labels, meeting this demand. Brands embracing clean label practices are poised to attract health-conscious consumers and capture a larger market share, driving overall market growth.
Restraints/Challenges
- Volatility of Raw Material Prices
Volatility in raw material prices, including spices, herbs, and other ingredients, poses a significant challenge for the meat and poultry seasoning market. Fluctuations can drive up production costs and cause price instability, affecting profit margins. This instability complicates budgeting and forecasting, leading to financial uncertainty for producers. Such economic pressures can ultimately hinder market growth and limit the ability to maintain competitive pricing.
- Quality and Authenticity Issues
Quality and authenticity issues pose significant challenges in the spices and seasonings market. Adulteration or contamination of spices can compromise product quality and safety, leading to consumer distrust. This undermines market confidence and can result in legal repercussions or financial losses. Ensuring consistent quality is crucial, but difficulties in sourcing and verifying authentic ingredients often hinder market stability and growth.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Spices and Seasonings in Meat and Poultry Market Scope
The market is segmented on the basis of product and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Herbs
- Salt and Salts Substitutes
- Spices
Application
- Bakery and Confectionery Products
- Frozen Food
- Soups
- Sauces
- Dressings
- Beverages
- Others
Spices and Seasonings in Meat and Poultry Market Regional Analysis
The market is analysed and market size insights and trends are provided by country, product and application as referenced above.
The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
North America is expected to dominate the spice and seasonings market in meat and poultry during the forecast period. This growth is driven by heightened consumer awareness of health benefits associated with spices, including their role in disease prevention. As a result, there is a rising demand for flavorful and health-conscious meat and poultry products.
Asia-Pacific is expected to show growth in the spice and seasonings in meat and poultry market, driven by the region's expanding food and beverage industry. Increasing consumer preference for flavorful and diverse culinary experiences, coupled with rising disposable incomes, is fueling this demand. The market's growth reflects the region's vibrant and evolving food culture.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Spices and Seasonings in Meat and Poultry Market Share
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Some of the major players operating in the market are:
- McCormick & Company, Inc. (U.S.)
- Olam Group (Singapore)
- Ajinomoto Co. Inc. (Japan)
- Associated British Foods plc (U.K.)
- Kerry Group plc (Ireland)
- Sensient Technologies Corporation (U.S.)
- Döhler GmbH (Germany)
- SHS Group (U.K.)
- F.Z. Organic Food (Netherlands)
- Rhythm Superfoods, LLC. (U.S.)
- Luke’s Organic (U.S.)
- Late July Snacks LLC (U.S.)
- General Mills Inc. (U.S.)
Latest Developments in Spices and Seasonings in Meat and Poultry Market
- In February 2021, Olam Food Ingredients, a newly formed operating group under Olam International Limited, expanded its spice portfolio by acquiring Mizkan America Inc. Olam Americas Inc, a subsidiary of Olam International, invested USD 108.5 million in this U.S. based chile pepper business, known for high-quality New Mexico green chilies and specialty peppers
- In February 2021, The Kerry Group finalized its acquisition of Jining Nature Group, a prominent Chinese manufacturer specializing in flavors, seasonings, and prepared food products. This strategic move bolstered Kerry’s presence in China’s food industry, enhancing its portfolio and market reach in the region
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