The global spices and seasonings market is expected to grow from USD 21.3 billion in 2021 to USD 27.4 billion by 2026, at a CAGR of 5.2% from 2021 to 2026. Spices and seasonings are widely used to add flavor, aroma, color, and taste to food & beverages, and sometimes also as preservatives or antibacterial agents. Convenience food manufacturers use these attributes of spices and seasonings to improve their product quality and taste and increase their shelf life. Consumer willingness to experiment with new flavors and increasing interest in ethnic tastes has generated a proliferation in product offerings and an increase in the sale of spices and seasonings. The success of this industry can also be attributed to its response to consumer demand for healthier products, convenience, and a variety of flavors.

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Soups, sauces, and dressings held the largest share in 2019, accounting for over 25.0% share of the total revenue. Growing health consciousness among the people has driven the consumption of salads, thereby driving the demand for various kinds of dressings and sauces in the seasoning and spices market. This has had a positive impact on market growth. Furthermore, organic product variants in this category have witnessed significant demand owing to the perception that these ingredients are healthier than processed foods.

The major trends influencing the spices & seasonings market are the increase in demand for processed meat and convenience products, clean labels gradually becoming mandatory, and a rise in preference for natural ingredients and flavors. Consumers are beginning to place more value on foods that offer them benefits other than just taste, and hence, demand for healthy, natural, and safe food products is on the rise.

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