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Yahoo
02-07-2025
- Business
- Yahoo
North America Seasonings and Spices Market Analysis Report 2025-2033
The North American Seasonings and Spices Market is projected to grow from US$ 3.93 billion in 2024 to US$ 6.15 billion by 2033, at a CAGR of 5.10%. This growth is fueled by an increasing consumer preference for bold flavors, health-conscious eating, and ethnic cuisines. The demand for natural and organic products, coupled with the rise of home cooking, further enhances market expansion. E-commerce and foodservice advancements, along with innovative ethnic and functional seasoning blends, drive the market. Despite challenges like raw material cost fluctuations, the sector is set for long-term success, adapting to trends of authenticity and wellness. Key players include McCormick & Company, Kerry Group PLC, and Cargill Incorporated. North American Seasonings and Spices Market Dublin, July 02, 2025 (GLOBE NEWSWIRE) -- The "North America Seasonings and Spices Market Size and Share Analysis - Growth Trends and Forecast Report 2025-2033" report has been added to North American Seasonings and Spices Market is expected to reach US$ 6.15 billion by 2033 from US$ 3.93 billion in 2024, with a CAGR of 5.10% from 2025 to 2033 Increased consumer desire for strong, varied flavors, healthy eating, and ethnic culinary trends are driving the market for seasonings and spices in North America. Additionally, the growing desire for natural and organic products, the growing popularity of home cooking, and growing knowledge of the health benefits of spices all contribute to market expansion. Demand has been greatly increased by the rising popularity of home cooking, which has been spurred by post-pandemic lifestyle changes and the growth of internet material connected to food. Additionally, consumers are looking for spices that are sustainably produced, organic, and non-GMO, which is driving firms to expand their product lines and make investments in open supply order to appeal to varied populations and experimental palates, businesses are developing distinctive mixes and ethnic flavors, demonstrating how important innovation is to the sector. Growth is also being supported by the foodservice industry's resurgence and the rising demand for high-quality, clean-label spices in restaurant menus. The marketing and sales of spices are also changing due to e-commerce and direct-to-consumer business methods, which are opening up access to gourmet and specialty goods. Despite obstacles including shifting raw material costs and supply chain interruptions, the sector is well-positioned for long-term success in the North American food market thanks to its flexibility and adherence to wellness and health to shifting dietary patterns and customer tastes, the seasoning and spice sector in North America is undergoing major change. With approximately 97,000 restaurants, bars, and caterers nationwide, according to Statistics Canada, the foodservice industry is a significant factor in market dynamics and generates a significant demand for a variety of herbs and spices. Customers are increasingly looking for distinctive and ethnic taste experiences, which is causing a noticeable change in the sector toward premium and genuine flavors. Innovative product offers and specific blending procedures have emerged as a result of this trend in order to satisfy discerning of the main factors affecting market trends, especially with relation to salt intake, is health consciousness. About 3,400 mg of salt are consumed daily by the average American, which is about 50% more than what is advised, according to the U.S. Food and Drug Administration (FDA). Manufacturers have responded to this understanding by creating natural spice mixes and low-sodium substitutes. According to the American Heart Association, cutting salt consumption to suggested levels might save USD 40 billion in healthcare expenses over the next 20 years and avoid 450,000 cases of cardiovascular disease. This would spur innovation in healthy spice and seasoning Drivers for the North American Seasonings and Spices Market Increasing Adoption of Bold and Spicy FlavorsDue to changing consumer preferences and greater exposure to other cuisines, there is a sharp increase in demand for strong and robust flavors in spices and seasonings in North America. The introduction of strong and intricate spice profiles to customers has been greatly aided by influences from Asian, African, and Latin American culinary traditions. Kraft Heinz's 2024 introduction of Just Spices to the American market serves as an example of this trend and is consistent with the company's Taste Elevation division's mission to enhance flavor. In order to add spiciness and complexity to their dishes, consumers are increasingly looking for spicy ingredients like chipotle, cayenne, Sriracha, and chili food business has seen a boom in the development of spicy snacks, sauces, and spice mixes that satisfy a variety of heat preferences, from mild warmth to intense burn, as a result of this hunger for intensity. In an effort to draw in daring eaters, restaurants, fast-food chains, and supermarkets are reacting by providing more spicy alternatives. Furthermore, customers who are health-conscious are drawn to spices like chili because they are said to offer weight-loss and metabolism-boosting properties. This increase is further supported by the popularity of home cooking, as people like to personalize meals with strong flavors. All things considered, the evolution of the spice market in North America is still influenced by the desire of Health Awareness and Natural Ingredient DemandGrowing consumer awareness of health and wellbeing is driving a potent 'green wave' that is changing the market for seasonings and spices in North America. The market for natural, unprocessed products has grown dramatically as a result of this change, with the herbs category - which includes common components like parsley, oregano, and basil - growing greatly. Customers are shifting away from artificial additives and toward fresh, natural flavors that promote holistic health and are in line with clean-label trends. Due to their ideal temperatures, California and Florida are now the main producers of fresh herbs, with Hawaii and New Jersey acting as secondary production centers. This tendency has also had an effect on domestic leaders are changing their strategy to concentrate on natural and functional solutions in response to these changing tastes. The purchase of Ayurvedic botanical ingredients producer Natreon Inc. by Kerry Group Inc. in 2022 is a prime example. This action demonstrates the increased focus on plant-based, scientifically supported components in the culinary and health-conscious food industries. Farmers' markets and wholesale channels are increasingly promoting fresh herbs, which reflects customers' demand for traceability and transparency in their food sources. The increasing significance of natural seasonings in contemporary health-conscious diets is highlighted by the incorporation of herbs and spices into functional meals, nutritional supplements, and wellness-focused Preference for Clean Label and Natural SeasoningsGrowing customer desire for natural and clean label products is a trend in the North American seasonings and spices sector. Many people are giving preference to spices devoid of artificial additives, preservatives, and artificial tastes as their understanding of food components grows. As a result of this change, the market for organic and non-GMO spices has expanded, and consumers are more motivated by authenticity and transparency. As a result, producers are putting more emphasis on ingredient purity and launching clean-label goods with straightforward, identifiable an illustration, Frontier Co-op launched the first nationally distributed Regenerative Organic Certified bottled spices in July 2024, which reflects customer ideals related to ethical sourcing and sustainability. Brands are also emphasizing flavors with few ingredients, such as herbs, sea salt, and garlic, that complement plant-based and whole-food diets. Customers that prioritize both their own and the planet's health will find these pure and natural spices appealing because they are perceived as healthier and more ecologically in the North American Seasonings and Spices Market Authenticity and Adulteration RisksIn the market for seasonings and spices in North America, authenticity and the possibility of adulteration are major issues. Because spice sourcing is worldwide, it can be difficult to guarantee purity and quality, especially when importing from areas with different regulatory requirements. Intentional or inadvertent adulteration can compromise the safety and integrity of a product by introducing undeclared ingredients such as fillers, colors, or subpar materials. This presents possible health hazards in addition to endangering customer confidence. Manufacturers are facing mounting pressure to enact more stringent quality control, testing, and traceability procedures as customer demand for authentic and clean-label products increases. In order to reduce these risks and preserve brand credibility in a cutthroat market, it is imperative to ensure supply chain transparency and collaborate with recognized Consumer PreferencesThe market for seasonings and spices in North America is facing both possibilities and problems as a result of changing customer tastes. Consumers of today are more interested in goods that provide sustainability, transparency, and extra useful features like health-promoting qualities. Manufacturers must constantly innovate in response to this shift in consumer demand, whether it is by using natural ingredients that promote health, clearer labeling, or sustainable sourcing. It can be challenging to match product development to these changing demands without appreciably raising production costs. Smaller firms could find it difficult to compete with bigger businesses that can afford to spend more on certification, research, and development. Maintaining affordability while upholding moral and quality standards will be essential for long-term competitiveness and customer loyalty as the market grows more value-driven. Key Players Analyzed: Overviews, Key Persons, Recent Developments, Revenue McCormick & Company Incorporated Cargill Incorporated Horton Spice Mills Limited (Canada) All Seasonings Ingredients Inc. Newly Weds Foods Inc. Cargill Incorporated Kerry Group PLC Dohler Group Key Attributes: Report Attribute Details No. of Pages 200 Forecast Period 2024 - 2033 Estimated Market Value (USD) in 2024 $3.93 Billion Forecasted Market Value (USD) by 2033 $6.15 Billion Compound Annual Growth Rate 5.1% Regions Covered North America Key Topics Covered: 1. Introduction2. Research & Methodology2.1 Data Source2.1.1 Primary Sources2.1.2 Secondary Sources2.2 Research Approach2.2.1 Top-Down Approach2.2.2 Bottom-Up Approach2.3 Forecast Projection Methodology3. Executive Summary4. Market Dynamics4.1 Growth Drivers4.2 Challenges5. North America Seasonings and Spices Market5.1 Historical Market Trends5.2 Market Forecast6. Market Share Analysis6.1 By Product Type6.2 By Application6.3 By Countries7. Product Type7.1 Salt and Salt Substitutes7.2 Herbs and Seasonings7.2.1 Thyme7.2.2 Basil7.2.3 Oregano7.2.4 Parsley7.2.5 Other Herbs and Seasonings7.3 Spices7.3.1 Pepper7.3.2 Cardamom7.3.3 Cinnamon7.3.4 Clove7.3.5 Nutmeg7.3.6 Turmeric7.3.7 Other Spices8. Application8.1 Bakery and Confectionery8.2 Soup, Noodles, and Pasta8.3 Meat and Seafood8.4 Sauces, Salads, and Dressing8.5 Savory Snacks8.6 Other Applications9. Countries9.1 United States9.2 Canada9.3 Mexico9.4 Rest of North America10. Porter's Five Forces Analysis10.1 Bargaining Power of Buyers10.2 Bargaining Power of Suppliers10.3 Degree of Rivalry10.4 Threat of New Entrants10.5 Threat of Substitutes11. SWOT Analysis11.1 Strength11.2 Weakness11.3 Opportunity11.4 Threat12. Key Players Analysis For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment North American Seasonings and Spices Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Yahoo
30-06-2025
- Business
- Yahoo
Jim Cramer on McCormick: 'Some Parts of the Food Industry Are Getting it Right'
McCormick & Company, Incorporated (NYSE:MKC) is one of the top 10 S&P 500 winners of the day that Jim Cramer highlighted. Cramer mentioned the company during the episode and remarked: 'Then we've got McCormick, the spice company. This one's a shocker because most of the food stocks have been given up… [or] left for dead. Turns out, some parts of the food industry are getting it right and their stocks are going up.' A close-up of spices, herbs and seasoning mixes in a colorful array, highlighting the company's range of products. McCormick (NYSE:MKC) produces and distributes spices, seasonings, condiments, and related products under a wide portfolio of global and regional brands. During a March episode of Squawk on the Street, Cramer discussed the stock, as he said: 'And I just wanted to defend McCormick for a second, now they do have two percent volume growth. It's not bad. They do have some currency that really knocked things down. People are not factoring it. If you factored in the currency which was bigger than they thought, it's actually in-line. But what I like about McKormick best, is that people are, when people are . . .and don't want to go out to expensive restaurants, they cook. And when you cook, you use spice. . .And McCormick is a spice company, and I think they're gonna do very well if things get, uh, let's say tougher in the country. Because do it yourself does well. And cooking does well. And McCormick will do well.' While we acknowledge the potential of MKC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Sign in to access your portfolio
NHK
30-06-2025
- Business
- NHK
Prices to rise for over 2,000 Japanese food items in July
Shoppers in Japan are facing yet another expensive month at the supermarket. A survey has found that food and beverage makers plan to hike prices on over 2,000 items in July. Private research firm Teikoku Databank says it polled 195 domestic companies. It says prices will rise on 2,105 products in July. That's about five times the figure for the same month last year. Seasonings will be the most heavily affected group, with 1,445 items in line for price hikes. This category includes spices and broth products. 206 alcohol and beverage items will also have their prices raised. The cost of confections, such as gum and chocolate, and processed foods including pre-cooked rice and pasta sauces will rise as well. The research firm cites surging material prices and higher production costs as contributing factors. Teikoku Databank expects hikes for more than 18,500 items by November. That would be nearly 50 percent more than the total for 2024. The firm says the trend is likely to continue for some time, owing to supply instability amid abnormal weather conditions.
Wall Street Journal
26-06-2025
- Business
- Wall Street Journal
McCormick Backs Guidance After Reporting Higher Profit, Sales
McCormick MKC -1.43%decrease; red down pointing triangle & Co.'s sales edged higher in its fiscal second quarter, while earnings beat Wall Street estimates. The maker of spices and seasonings also maintained its fiscal-year sales outlook, saying it is well positioned to mitigate higher costs from tariffs.
