Market Insights Consumer Food Sauces & Spices

Spices & Culinary Herbs - Cambodia

Cambodia

Revenue in the Salt & Other Spices market amounts to US$28.24m in 2024. The market is expected to grow annually by 3.38% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (US$10,530m in 2024).
In relation to total population figures, per person revenues of US$1.60 are generated in 2024.
In the Salt & Other Spices market, volume is expected to amount to 1.33m kg by 2029. The Salt & Other Spices market is expected to show a volume growth of 0.2% in 2025.
The average volume per person in the Salt & Other Spices market is expected to amount to 0.1kg in 2024.

Key regions: United Kingdom, Spain, Japan, India, South Korea

Market

Region

Region comparison

Currency

Analyst Opinion

In Cambodia, the Spices & Culinary Herbs Market within the Sauces & Spices Market shows negligible growth rate. Factors impacting this trend include low consumer awareness and limited access to digital technologies. However, the convenience of online services may drive future growth.

Customer preferences: As consumers become more health-conscious, there is a growing demand for organic and natural spices and culinary herbs in the Sauces & Spices Market within The Food market. This trend is driven by the increasing focus on clean and sustainable eating practices, as well as a rise in awareness about the potential health benefits of using herbs and spices in cooking. Additionally, with the growing popularity of international cuisine, there is a growing demand for a variety of exotic spices and herbs, catering to diverse taste preferences.

Trends in the market: In Cambodia, there is a growing demand for natural and organic spices and culinary herbs, driven by an increasing awareness of health and wellness. This trend is expected to continue in the coming years, with consumers prioritizing clean and sustainable food options. In the Sauces & Spices Market, this trend is reflected in the rising popularity of organic and ethically sourced products, as well as the incorporation of traditional Cambodian spices and herbs in international cuisines. This presents opportunities for industry stakeholders to tap into this growing niche market and cater to the evolving tastes and preferences of consumers. Additionally, with the increasing availability of e-commerce and online marketplaces, there is potential for digital platforms to play a significant role in the distribution and promotion of these products.

Local special circumstances: In Cambodia, the Spices & Culinary Herbs Market within the Sauces & Spices Market of The Food market is heavily influenced by the country's rich history and diverse cultural influences. The use of spices and herbs in traditional Cambodian cuisine has been influenced by neighboring countries such as Thailand, Vietnam, and China. Additionally, the growing demand for organic and natural products has led to the rise of local spice and herb producers, catering to health-conscious consumers. The country's developing tourism industry has also contributed to the increase in demand for local spices and herbs, as tourists are eager to experience the unique flavors of Cambodian cuisine. Government efforts to promote Cambodian spices and herbs in international markets have further boosted the growth of this market.

Underlying macroeconomic factors: The Spices & Culinary Herbs Market within the Sauces & Spices Market of The Food market is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. Countries with stable and growing economies are likely to experience higher demand for spices and culinary herbs due to increased consumer spending power. Additionally, government policies that support the growth of the food industry and promote trade can also positively impact the market. On the other hand, economic downturns and trade restrictions can lead to a decline in market growth. Furthermore, factors such as inflation, exchange rates, and commodity prices can also have a significant influence on the overall performance of the market. As the global population continues to grow, and with increasing urbanization and changing dietary preferences towards healthier food options, the demand for spices and culinary herbs is expected to rise, presenting growth opportunities for the market.

Methodology

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.