Definition:
The Spices and Culinary Herbs market covers salt, dried seeds, fruits, etc. that are added to food to modify the taste, scent, and color. Examples of culinary herbs include pepper, chilis, curry, parsley, rosemary, and thyme.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.
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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Spices & Culinary Herbs Market in the Americas region is experiencing minimal growth, influenced by factors such as low consumer awareness and limited availability of high-quality products. This has led to a modest growth rate in the overall Sauces & Spices Market within The Food market.
Customer preferences: In recent years, there has been a growing interest in global flavors and cuisines, leading to an increased demand for exotic spices and culinary herbs. With the rise of social media and the internet, consumers are becoming more adventurous in their cooking and seeking out new and unique flavors from around the world. This trend is also fueled by the growing diversity in the US population, with more people from different cultural backgrounds introducing their traditional spices and herbs into the American market. As a result, the Spices & Culinary Herbs Market within the Sauces & Spices Market is experiencing a surge in demand for unique and authentic flavors.
Trends in the market: In the Americas, the Spices & Culinary Herbs Market is seeing a surge in demand for organic and sustainably sourced products, driven by consumer preferences for clean and natural ingredients. This trend is expected to continue as consumers become more health-conscious and seek out products with minimal additives. Additionally, there is a growing trend of incorporating exotic and global flavors into traditional dishes, creating a diverse and dynamic market for spices and herbs. This trend presents opportunities for industry stakeholders to innovate and differentiate their products to cater to evolving consumer tastes.
Local special circumstances: In the Spices & Culinary Herbs Market of the Sauces & Spices Market within The Food market, local factors play a significant role in shaping market dynamics. In the Americas, the use of spices and herbs in traditional cuisine has been a longstanding cultural tradition, driving demand for these products. Additionally, the regulatory environment in the US, where the use of natural and organic ingredients is highly valued, has led to a surge in demand for premium, high-quality spices and herbs. In countries like Mexico and Brazil, where traditional cooking methods are deeply embedded in the culture, there is a strong preference for locally sourced spices and herbs, creating a unique market for domestic producers.
Underlying macroeconomic factors: The demand for spices and culinary herbs in the Sauces & Spices Market within The Food market is largely influenced by macroeconomic factors such as consumer spending patterns, global trade policies, and government regulations. Countries with higher disposable income, favorable trade agreements, and relaxed regulations on food imports are experiencing faster market growth compared to regions with economic instability and strict import policies. Additionally, the growing popularity of international cuisines and the rise in health-conscious consumers are driving the demand for natural and organic spices and culinary herbs.
Data coverage:
The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).Modeling approach:
Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights