A Comprehensive Overview of Blended Spices Market Landscape
The global blended spices market size is expected to reach USD 32.58 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.4% from 2022 to 2030. The growing health consciousness among consumers is fuelling the growth of the market. The three main reasons behind the increasing demand for blended spices include natural flavoring, organic foods, and safe dietary supplements. Blended spices have observed an increase in popularity among several segments of people in the region as they are suitable in numerous applications, such as savory snacks and ready meals. This is, in turn, creating ample opportunities for market players over the forecast period.
Indian, Chinese, Thailand, and Vietnamese cuisines use a variety of spices to give their food a different flavor and taste. In the U.S., most people are getting more interested in home cooking. As a result, sales of blended spices such as pepper and ginger have increased considerably. The market for blended spices has been driven by a range of projects as well as initiatives intended to inspire people in the country to cook more food at home to release stress. Additionally, spice blends from North American nations have rich flavor levels. In recent times, there has been a lot of interest in blends mixing the Middle Eastern Mediterranean blended spice in North American foods, which include a mix of turmeric, coriander, and warm brown spices.
The garam masala segment dominated the market in 2021 with a revenue share of over 35.0%. Garam masala is a largely preferred blended spice type all over the world as it lowers cholesterol and blood sugar, slows down aging, and is anti-inflammatory. Moreover, it is lauded as a spice that helps digestion, increases immunity and metabolism, and promotes weight loss. It is a spice blend mostly used throughout South Asia.
Gather more insights about the market drivers, restrains and growth of the Blended Spices Market
Blended Spices Market Report Highlights
• North America is expected to witness lucrative growth from 2022 to 2030. This is attributed to the various studies that have depicted that 50% of U.S. consumers seek to try new, exciting flavors
• The berbere type segment is expected to exhibit a significant CAGR from 2022 to 2030. Berbere spices are continually gaining popularity across the cuisines globally with their robust flavors featuring a range of spices
• The B2B distribution channel segment held the largest revenue share in 2021. It is the simplest channel of direct distribution of products from producer to customer
Blended Spices Market Segmentation
Grand View Research has segmented the global blended spices market on the basis of type, distribution channel, and region:
Blended Spices Type Outlook (Revenue, USD Million, 2017 - 2030)
• Garam Masala
• Berbere
• 5 Chinese Spices
• Shichimi Togarashi
• Others
Blended Spices Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)
• B2B
• B2C
Blended Spices Regional Outlook (Revenue, USD Million, 2017 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Germany
o France
o Italy
• Asia Pacific
o China
o Bangladesh
o India
o Indonesia
o Thailand
• Central & South America
o Brazil
• Middle East & Africa
o UAE
o Saudi Arabia
List of Key Players of Blended Spices Market
• Spices, Inc.
• Tony Chachere's
• EmpresasTajín
• Badia Spices, Inc.
• Mahashian Di Hatti Private Limited
• Shan Foods (Pvt.) Ltd.
• McCormick & Company, Incorporated
• Everest Food Products Pvt. Ltd.
• World of Spice Ltd.
• MTR Foods Pvt Ltd.
Order a free sample PDF of the Blended Spices Market Intelligence Study, published by Grand View Research.
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