Spices Market Industry Research Report by forecast 2022-2030 | MRFR
Global Spices Market Overview The spices market was valued at USD 15.5 billion in 2022. The spices market industry is projected to grow from USD 16.2 Billion in 2023 to USD 20.9 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.33% during the forecast period (2023 - 2030). Spices and Seasonings are the ingredients used to give food and beverage products aroma, flavor, preservation, and color. These products are derived from various plant parts, including flowers, barks, fruits, buds, seeds, leaves, roots, and plant tops. Spices are used in various foods and beverages, including healthy raw materials such as turmeric and pepper. The global demand for such healthy spices indicates the market's upward trajectory. The market is primarily driven by a few factors, such as the rising popularity of ethnic cuisines. It is driving the demand for spice blends and new spices. Spice...