Market Insights Consumer Food Sauces & Spices

Spices & Culinary Herbs - New Zealand

New Zealand

Revenue in the Salt & Other Spices market amounts to US$178.50m in 2024. The market is expected to grow annually by 4.33% (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$33.88 are generated in 2024.
In the Salt & Other Spices market, volume is expected to amount to 6.83m kg by 2029. The Salt & Other Spices market is expected to show a volume growth of 3.3% in 2025.
The average volume per person in the Salt & Other Spices market is expected to amount to 1.1kg in 2024.

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

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Analyst Opinion

The Spices & Culinary Herbs Market in New Zealand is experiencing minimal growth, influenced by factors like increasing demand for healthy and flavorful food options, growing awareness about the benefits of using spices, and the convenience of online shopping for spices and sauces.

Customer preferences: The Spices & Culinary Herbs Market of the Sauces & Spices Market within The Food market is experiencing a rise in demand for organic and sustainable options. Consumers are becoming more health-conscious and are looking for natural and ethically-sourced ingredients in their food products. This trend is also driven by the increasing awareness of the environmental impact of conventional farming and the desire to support local farmers and communities. As a result, there is a growing demand for organic spices and herbs, as well as products with clear labeling and transparent sourcing practices.

Trends in the market: In New Zealand, the Spices & Culinary Herbs Market of the Sauces & Spices Market within The Food market is experiencing a surge in demand for organic and natural products, driven by consumer preferences for healthier and sustainable options. This trend is expected to continue, with a growing number of consumers seeking products with clean labels and minimal processing. This shift towards natural ingredients presents opportunities for industry players to develop new and innovative products to cater to this demand. Additionally, there is a rising interest in ethnic cuisines, leading to an increased demand for exotic spices and herbs, creating potential for market expansion and diversification.

Local special circumstances: In New Zealand, the Spices & Culinary Herbs market is heavily influenced by the country's rich agricultural heritage and its diverse cultural influences. The use of indigenous herbs and spices, such as kawakawa and horopito, is a unique aspect of the market. Additionally, the country's strict food safety regulations and growing demand for organic and natural products have shaped the market dynamics. The popularity of fusion cuisine and the increasing trend towards healthy eating have also contributed to the growth of the market in New Zealand.

Underlying macroeconomic factors: The Spices & Culinary Herbs Market of the Sauces & Spices Market within The Food market in New Zealand is heavily influenced by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. The country's strong agricultural sector and favorable trade agreements with other nations have supported its economic growth and provided opportunities for the spices and culinary herbs market. Additionally, the increasing demand for natural and organic food products, as well as the growing trend towards ethnic cuisines, are driving the demand for spices and culinary herbs in the country. However, fluctuations in exchange rates and unpredictable weather patterns can impact the production and supply of spices and herbs, affecting market performance. Moreover, government policies and regulations related to food safety and labeling can also affect the market's growth and development.

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.