Europe Seasoning and Spices Market

Europe Seasoning and Spices Market Size:

Europe seasoning and spices market size reached US$ 5.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 9.07 Billion by 2032, exhibiting a growth rate (CAGR) of 4.70% during 2024-2032. The market is majorly driven by the rising consumer preference for diverse cuisines, rapid expansion of the foodservice industry, the growing demand for natural and organic food products, rapid urbanization, and the increasing popularity of convenience foods among the masses.

Europe Seasoning and Spices Market Analysis:

• Major Market Drivers: The increasing consumer demand for authentic and exotic flavors is driving the growth of the seasoning and spices market in Europe. Health-conscious consumers are seeking natural and organic spices, boosting the market for high-quality, additive-free products. The rise of home cooking and culinary experimentation, spurred by food-related media and lockdowns, further propels market expansion.
• Key Market Trends: Sustainability and ethical sourcing are becoming prominent trends, with consumers favoring spices from environmentally responsible sources. There's a growing trend towards premium and specialty spices, which, in turn, is expanding the Europe seasoning and spices market share.
• Competitive Landscape: The market players are also investing heavily in product innovation and expanding their organic and sustainable spice lines to meet consumer demand. Smaller, local producers are also gaining traction by offering niche, high-quality products that cater to specific regional tastes.
• Challenges and Opportunities: The market faces challenges such as stringent regulations and the high cost of organic certification for small producers. However, these challenges also present opportunities for innovation and differentiation in product offerings, thereby exhibiting a favorable Europe seasoning and spices industry overview. The increasing awareness of health benefits associated with various spices opens new avenues for market growth, particularly in the functional foods segment.

Europe Seasoning and Spices Market Trends:

Increasing number of promotional campaigns encouraging home cooking

A variety of campaigns and initiatives aimed at encouraging individuals in the region to cook more meals at home to reduce stress have been bolstering the seasoning and spices market. For instance, in July 2020, Spiceology, Inc. partnered with Pixlee and Loop Commerce to set up the “Coworkers Connecting Through Cooking” initiative for employers seeking innovative ways to re-energize and deepen connections with their employees during the COVID pandemic. The initiative was aimed at getting employees together virtually by cooking at home and included guided access to engaging, live-streamed cooking classes, enabling them to share their culinary adventures digitally with their colleagues. This, in turn, is creating a positive outlook for the Europe seasoning and spices market research.

Rising demand for processed food

The growth of the processed food industry is driving the demand for spices and seasonings. Several food corporations are investing in the food processing industry to increase their market share. Furthermore, consumer spending has increased as a result of changing lifestyles, a growing population of working women, expanding product offers, and increased retail channel penetration of savory snacks, soups, noodles, beverages, and ready-to-eat meals, especially in industrialized countries. As a result, the processed food industries across Europe are purchasing more spices and seasonings, fueling significant market growth.

Growing trend of veganism

The global rise of plant-based diets is prompting companies to introduce new products specifically designed for the vegan and vegetarian consumer base, thereby propelling the market. With the increasing popularity of plant-based options and a decline in meat consumption, spice, and seasoning producers have the chance to develop inventive seasoning combinations. Additionally, the rising use of spices among the vegan community as meat substitutes has positively impacted the overall growth of the spices and seasonings market in Europe.

Europe Seasoning and Spices Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional and country levels for 2024-2032. Our report has categorized the market based on product type and application.

Breakup by Product Type:

• Salt and Salt Substitutes
• Herbs and Seasonings
  • Thyme
  • Basil
  • Oregano
  • Parsley
  • Others
• Spice
  • Pepper
  • Cardamom
  • Cinnamon
  • Clove
  • Nutmeg
  • Turmeric
  • Others
     

The report has provided a detailed breakup and analysis of the market based on the product type. This includes salt and salt substitutes, herbs and seasonings (thyme, basil, oregano, parsley, and others) and spice (pepper, cardamom, cinnamon, clove, nutmeg, turmeric, and others).

Breakup by Application:

• Bakery and Confectionery
• Soup, Noodles, and Pasta
• Meat and Seafood
• Sauces, Salads, and Dressing
• Savory Snacks
• Others
   

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes bakery and confectionery, soup, noodles, and pasta, meat and seafood, sauces, salads, and dressing, savory snacks, and others.

Breakup by Country:

• Germany
• United Kingdom 
• France 
• Italy 
• Russia 
• Spain 
• Netherlands 
• Switzerland 
• Poland 
• Others 
   

The report has also provided a comprehensive analysis of all the major markets in the region, which include Germany, the United Kingdom, France, Italy, Russia, Spain, Netherlands, Switzerland, Poland, and others.

Competitive Landscape:

• The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have been provided. 
• The market is competitive, with established competitors depending on innovative technology and a strong brand image to boost income. To extend their product portfolios and maintain a competitive edge in the market, these organizations use a variety of techniques. Major manufacturers in the market are constantly making efforts and investing capital in marketing and advertising, with a major focus on bringing awareness to consumers about the flavor profiles and quality of their products. The companies are making themselves more competitive by strengthening their distribution systems, entering new regions, and expanding their product range.

Europe Seasoning and Spices Market News:

• March 14, 2023: McCormick & Company, a key player in the European as well as global seasoning and spices market, introduced a new design for its core red cap branded products, which includes innovations like SnapTight lids to maintain the freshness of herbs and spices.
• December 11, 2023: Marubeni Corporation has fully acquired Euroma Holding B.V., the third largest spices and seasonings manufacturer in Europe, enhancing its presence in the European market with Euroma's 120 years of experience and cutting-edge R&D facilities in the Netherlands. This strategic move reinforces Marubeni's commitment to expanding its footprint in the European spices and seasonings market, leveraging Euroma's established network and expertise.

Europe Seasoning and Spices Market Report Scope:

Key Questions Answered in This Report:

• How has the Europe seasoning and spices market performed so far, and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Europe seasoning and spices market?
• What is the breakup of the Europe seasoning and spices market on the basis of product type?
• What is the breakup of the Europe seasoning and spices market on the basis of application?
• What are the various stages in the value chain of the Europe seasoning and spices market?
• What are the key driving factors and challenges in the Europe seasoning and spices market?
• What is the structure of the Europe seasoning and spices market, and who are the key players?
• What is the degree of competition in the Europe seasoning and spices market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Europe seasoning and spices market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Europe seasoning and spices market.
• The study maps the leading, as well as the fastest-growing, markets. It further enables stakeholders to identify the key country-level markets within the region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Europe seasoning and spices industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.