Market Insights Consumer Food Sauces & Spices

Spices & Culinary Herbs - Luxembourg

Luxembourg

Revenue in the Salt & Other Spices market amounts to US$19.18m in 2024. The market is expected to grow annually by 4.16% (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$29.00 are generated in 2024.
In the Salt & Other Spices market, volume is expected to amount to 0.64m kg by 2029. The Salt & Other Spices market is expected to show a volume growth of 2.2% in 2025.
The average volume per person in the Salt & Other Spices market is expected to amount to 0.9kg in 2024.

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

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Analyst Opinion

The Spices & Culinary Herbs Market in Luxembourg is experiencing sluggish growth, due to factors such as high competition, limited consumer awareness, and low disposable income. Despite being a part of the thriving Food Market, this sector is struggling to achieve significant growth.

Customer preferences: The Spices & Culinary Herbs Market within the Sauces & Spices Market of The Food market in Luxembourg has seen a rise in demand for organic and locally sourced products. This trend is largely driven by consumers’ growing awareness and preference for healthier and sustainable food options. Additionally, there is a noticeable shift towards ethnic and exotic flavors, reflecting the multicultural landscape of Luxembourg. This has led to an increase in the consumption of spices and herbs traditionally used in Asian, Middle Eastern, and African cuisines.

Trends in the market: In Luxembourg, the Spices & Culinary Herbs Market of the Sauces & Spices Market within The Food market is experiencing a surge in demand for organic and ethically-sourced products. This trend is driven by a growing consumer awareness of the health and environmental benefits of using natural ingredients. As a result, industry players are investing in sustainable sourcing and production methods to cater to this demand. Additionally, there is a rise in the popularity of international cuisines, leading to a higher demand for exotic spices and herbs. This trend is expected to continue, presenting opportunities for market players to expand their product offerings and reach new consumer segments.

Local special circumstances: In Luxembourg, the Spices & Culinary Herbs Market of the Sauces & Spices Market within The Food market is influenced by the nation's strong focus on quality and sustainability. The country's small size and high purchasing power create a demand for premium and organic products. Additionally, Luxembourg's multicultural population contributes to a diverse and international palate, driving the demand for a wide variety of spices and culinary herbs. Furthermore, the strict regulations on food safety and labeling ensure transparency and trust in the market, promoting the use of high-quality and authentic spices and herbs.

Underlying macroeconomic factors: The Spices & Culinary Herbs Market of the Sauces & Spices Market within The Food market is heavily impacted by macroeconomic factors in Luxembourg. The country's stable economic growth, favorable regulatory environment, and high levels of disposable income have led to a growing demand for premium food products, including spices and herbs. In addition, the rising trend of health-consciousness and demand for natural and organic ingredients has also contributed to the growth of the market. Furthermore, the government's initiatives to promote sustainable and environmentally-friendly production practices have also influenced the market, with consumers showing a preference for ethically-sourced and environmentally-friendly products. Overall, the positive macroeconomic conditions in Luxembourg have created a conducive environment for the growth of the Spices & Culinary Herbs Market, with the potential for further expansion in the future.

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.