Spices & Culinary Herbs - Guatemala

Revenue in the Salt & Other Spices market amounts to US$228.50m in 2024. The market is expected to grow annually by 7.62% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$11bn in 2024).
In relation to total population figures, per person revenues of US$12.45 are generated in 2024.
In the Salt & Other Spices market, volume is expected to amount to 12.91m kg by 2029. The Salt & Other Spices market is expected to show a volume growth of 5.4% in 2025.0.
The average volume per person in the Salt & Other Spices market is expected to amount to 0.6kg in 2024.

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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Salt, flavor salt
Spices (e.g. black pepper, paprika, cumin, coriander, cinnamon)
Culinary herbs (e.g. basil, parsley, rosemary, oregano

Seasonings
Out-of-home consumption

The Spices & Culinary Herbs Market in Guatemala has seen modest growth due to factors such as increasing popularity of traditional cuisine, growing health consciousness, and the convenience of online purchases. However, subdued growth can be attributed to economic challenges and competition from local markets.

Customer preferences: In Guatemala, there has been a growing interest in traditional and indigenous spices and herbs, as consumers are seeking more natural and authentic flavors in their food. This trend is also reflected in the global Spices & Culinary Herbs Market, as consumers are becoming more health-conscious and looking for alternatives to artificial ingredients. Additionally, there has been an increase in demand for organic and sustainably sourced spices and herbs, driven by growing awareness of environmental and social responsibility.

Trends in the market: In Guatemala, the Spices & Culinary Herbs Market of the Sauces & Spices Market within The Food market is experiencing a surge in demand for organic and natural spices and herbs. This trend is driven by an increasing awareness among consumers about the health benefits of using these ingredients in cooking. Additionally, there is a growing preference for locally sourced spices and herbs, promoting sustainability and supporting local farmers. Industry stakeholders should take note of these shifts and consider adapting their production and sourcing strategies to cater to these changing consumer preferences.

Local special circumstances: In Guatemala, the Spices & Culinary Herbs Market of the Sauces & Spices Market within The Food market is heavily influenced by the country's rich cultural heritage and diverse geography. Traditional Mayan spices and herbs are highly sought after, while the country's volcanic soil provides ideal conditions for growing a variety of spices. Additionally, the government's support for small-scale farmers and organic farming practices has led to a strong market for locally-sourced and sustainably-grown spices and herbs. This unique combination of cultural and geographical factors has resulted in a thriving market for spices and culinary herbs in Guatemala.

Underlying macroeconomic factors: The Spices & Culinary Herbs Market of the Sauces & Spices Market within The Food market is heavily influenced by macroeconomic factors in Guatemala. The country's economic growth, consumer purchasing power, and government policies all play a crucial role in shaping the market's performance. Guatemala's stable economic growth and increasing disposable income have led to a growing demand for premium spices and herbs, while the government's efforts to promote domestic agriculture and exports have further boosted the market. Additionally, the rising trend of healthy and organic food consumption in the global market has also positively impacted the demand for spices and culinary herbs in Guatemala. With the country's supportive economic and regulatory environment, the market is expected to continue its growth trajectory in the upcoming years.

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.