Spices and Seasonings Market Trends

Growth Drivers

• Rising focus on sustainability - The growing market for seasonings spices that are produced sustainably is rising as people prioritize quality and sustainability more.
  
  For instance, it was found in a survey that more than 55% of C-level executives from large global corporations reported that their organizations are using more sustainable materials as part of their efforts to combat climate change.
• Growing tourism - A new area of the tourism industry is spice tourism since seasonings spices are closely associated with the area's geographical features for giving dishes authenticity and taste as individuals experiment with different international cuisines, and contribute significantly to improving lifestyles by drawing tourists to regions mainly used for agriculture.
  
  In 2022, travel and tourism made up over USD 7 trillion in direct contributions to the global gross domestic product (GDP).
• Increasing production of meat and poultry products - The use of spices and herbs as natural food preservatives has grown in popularity recently, which are used to enhance the color, and flavor, and prolong the meat's shelf life by preventing microbial deterioration.
  
  Global poultry output reached over 120 million metric tons in 2023.

Challenges

• Health concerns associated with excess consumption - Overindulging in seasonings spices can have several negative effects, including cramping, nausea, vomiting, and diarrhea that may be brought on by increased mucus production in the stomach and a brief rise in metabolic rate.
  
  According to certain data, consuming a lot of spicy foods, including capsaicin the ingredient in red peppers and chilies, may irritate the lining of the stomach and raise the risk of stomach cancer by causing inflammation.
• Quality concerns - Sincere worries about the quality of spices have been aroused by spice adulteration in international markets that have economic ramifications that go beyond temporary declines in exports, thus impacting the demand.
  
  For instance, The Department of Food Technology reports that many products, including Madras Curry Powder, Sambhar Mixed Masala Powder, Mixed Masala Curry Powder of MDH, and Fish Curry Masala of Everest, have been immediately banned owing to possible ethylene oxide (EtO) contamination.