The herbs and spices market size is forecast to grow at a CAGR of 3.6% between 2024 and 2034. The market is expected to incline from USD 171,563.1 million in 2024 to USD 244,124.7 million by 2034 end. The accelerating utilization of herbs and spices in food items is fueling market expansion.
Emerging Trends in Dried Herbs and Spices Application
| Report Attribute | Details |
|---|---|
| Herb and Spice Market Size (2024) | USD 171,563.1 million |
| Market Anticipated Forecast Value (2034) | USD 244,124.7 million |
| Market Projected Growth Rate (2024 to 2034) | 3.6% CAGR |
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The global herb and spice market was valued at USD 167,874.1 million in 2019. According to FMI’s analysis, herbs and spices sales have grown at 3.34% CAGR between 2019 and 2023.
The herbs and spices market remained fragmented during this period, exhibiting the presence of various small and mid-tier manufacturers. However, due to increasing collaboration activities between small & mid-tier manufacturers and top-tier companies, the number of small and medium companies has decreased, resulting in a more uniform and less diverse landscape in recent years.
| Attributes | Details |
|---|---|
| Herb and Spice Market Value (2019) | USD 167,874.1 million |
| Market Historical Growth Rate (CAGR 2019 to 2023) | 3.34% CAGR |
Due to the growing demand for natural food ingredients, the consumption of plant-based food ingredients is increasing as compared to microbial & fermented, and artificial food ingredients. The willingness of consumers to pay a premium price for a more natural product has changed the dynamics of the herbs and spices market.
For instance, in January 2017, Givaudan S.A. acquired Activ International to expand its product offerings for buyers. New inclusions include organic and natural flavors, seafood, marine extracts, and vegetable-based culinary solutions.
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Packaged food and beverage manufacturers are using herbs and spices to meet the rising demand among consumers. For example, cinnamon spice, cinnamon-spiced tea, and apple cinnamon spritzer are a few of the many cinnamon-flavored drinks that are gaining popularity among consumers.
The demand for flavored alcoholic drinks like spiced rum, fireball cinnamon whisky, and cannella spirits is also increasing. This is because spices add exotic flavor to alcohol. For instance, in August 2019, Coca-Cola introduced a cinnamon-flavored Coke as a version of Coke Zero in the United Kingdom.
The table below represents the countries with a promising future for cooking spice and herb market players.
| Regional Market Comparison | CAGR (2024 to 2034) |
|---|---|
| United States | 5.9% |
| Germany | 4.2% |
| Japan | 4% |
| India | 4.3% |
| China | 4% |
The United States remains one of the most lucrative markets throughout the forecast period with a CAGR of 5.9% through 2034. The rising immigrant population from Asia and Mexico to North America and their influence on local food platters is expected to increase the demand for spices and herbs in this region.
An increasing number of Indian, Italian, Mexican, and Chinese restaurants in the USA offer authentic cuisines fortified with different ingredients. Ready-to-cook spice mixes are also gaining popularity in the United States which can be attributed to the busy lifestyle of consumers looking for convenient food.
FMI has projected that Germany will remain as the most profitable market for herbs and spices throughout the forecasted period, having a significant share of the European market in 2024. The regional market is expected to have a CAGR of 4.2% through the projected years.
There has been a rise in the demand for clean-label herbs and spices among consumers in Germany. Manufacturers are emphasizing more on providing clean-label products to the consumers, as the consumers are becoming aware of the health benefits of consuming natural and organic herbs and spices.
FMI has projected China to follow a CAGR of 4% in consumption of herbs and spices during the forecast years. Owing to the health benefits of using herbs and spices in functional food, the demand for herbs and spices has increased in the country. Herbs and spices are used as functional ingredients in food products with digestion-resistant properties.
Herbs and spices often find places in various clinical treatments in the country. Chinese consumers in general display a strong inclination for herbal products. Coupled with this, the presence of some of the celebrated companies such as Infinitus (China) Co Ltd. has been aiding herbs and spices sales in the country.
A rise in the demand for herbs and spices in the Japanese market is expected at a CAGR of 4% between the years 2024 and 2034. Japan is heavily dependent on imports of herbs and spices from South and East Asian countries.
Cholesterol-lowering herbs and spices such as pepper, dried capsicum/pimento, ginger, Curcuma, cloves, and cinnamon are more in demand owing to their health benefits. Also, expansion strategies undertaken by some of the leading players are expected to bode well for the seasonings industry in the country.
India is currently a prominent supplier of herbs and spices, including cumin, ginger, chili, and turmeric. Through the projected period, the sales of herbs and spices are likely to increase at a rate of 4.3% per year.
In India, herbs and spices are mostly used in food and beverages. Along with this, they are also used for the treatment of human ailments using aloe vera, clove, cinnamon, mint, and black pepper.
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Based on product type, the spice market segment is likely to contribute 64.3% of the total revenue in 2024. On the other hand, herbs are projected to grow at a higher rate over the forecast period.
| Attributes | Details |
|---|---|
| Top Product Type or Segment | Spices |
| Total Market Share in 2024 to 2034 | 64.3% |
Seasoning spices are gaining traction as they help lower sugar levels and cure inflammation, besides offering other health benefits. Spices such as clove, cinnamon, and cumin are known for their antimicrobial properties due to their chemical compounds and metabolites.
The demand for herbs is growing rapidly to treat chronic diseases and their prevention. Herbs help in preventing and managing cancer, heart disease, and diabetes. They also help mitigate blood clots and offer anti-tumor and anti-inflammatory properties. Moreover, culinary herbs are utilized to add color and flavor to a variety of meals.
The use of herbs and spices is mostly in the food industry accounting for almost 48.9% of the global market. This is because people prefer herbs and spices in their daily food and beverages.
| Attributes | Details |
|---|---|
| Top-End Use Segment | Food |
| Total Market Share in 2024 | 48.9% |
An increasing number of Indian, Italian, Mexican, and Chinese restaurants around the world, offering authentic regional cuisines has been resulting in high demand for spice ingredients. Cumin, cinnamon, paprika, cardamom, and pepper are some of the key native herbs and spices used in these cuisines.
The higher demand is attributable to the rising consumption of salads and dressings, resulting in the growing popularity of ethnic food. The easy availability of spices in supermarkets across the region is expected to fuel the growth of the herbs and spices market.
Innovations in the food and beverage industry are being made to meet the demand for healthy food products for human consumption without negotiating on the flavor, taste, texture, and nutritional qualities of the product.
Companies are focusing on generating more sales by developing sustainable herbs and spices packaging to cater to the evolved demand of consumers. Multinational companies producing herbs and spices are focusing on the expansion of their manufacturing facilities and acquiring local players that would complement their product offerings.
Notable Developments in the Global Herb and Spice Market
| Attribute | Details |
|---|---|
| Estimated Market Size (2024) | USD 171,563.1 million |
| Projected Market Size (2034) | USD 244,124.7 million |
| Anticipated Growth Rate (2024 to 2034) | 3.6% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | USD million or billion for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; Middle East & Africa (MEA); East Asia; South Asia and Oceania |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
| Key Segments Covered | By Product Type, By Sales Channel, By Form, By End Use Verticals, and By Region |
| Key Companies Profiled | Givaudan S.A; Kerry Group Plc.; Ajinomoto Co., Inc.; Firmenich SA; Takasago International Corporation; Olam International; Archer Daniels Midland Company; Robertet SA; Sensient Technologies Corporation; Kalsec Inc.; McCormick & Company, Inc.; Symrise AG; Frutarom Industries Ltd; Synthite Industries Ltd; International Taste Solutions Ltd. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global herb and spice market is estimated to be around USD 171,563.1 million in 2024.
The global herb and spice market is to grow at 3.6% during the forecast period.
The global herb and spice market is to be valued at USD 244,124.7 million by 2034.
The global herb and spice market was valued at USD 167,874.1 million in 2019.
The United States to witness a 5.9% CAGR in sales of herbs and spices through 2034.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Product Type, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Product Type, 2024 to 2034 5.3.1. Herbs 5.3.2. Spices 5.3.3. Paprika (Hot Pepper) 5.3.4. Cumin 5.4. Y-o-Y Growth Trend Analysis By Product Type, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Product Type, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End Use, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End Use, 2024 to 2034 6.3.1. Food & Beverages 6.3.2. Food Service 6.4. Y-o-Y Growth Trend Analysis By End Use, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By End Use, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Form 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Form, 2019 to 2023 7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Form, 2024 to 2034 7.3.1. Powder & Granules 7.3.2. Flakes 7.3.3. Paste 7.3.4. Whole/Fresh 7.4. Y-o-Y Growth Trend Analysis By Form, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By Form, 2024 to 2034 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Sales channel 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Sales channel, 2019 to 2023 8.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Sales channel, 2024 to 2034 8.3.1. Direct 8.3.2. Indirect 8.3.2.1. Store-Based Retailing 8.3.2.2. Online Retail 8.4. Y-o-Y Growth Trend Analysis By Sales channel, 2019 to 2023 8.5. Absolute $ Opportunity Analysis By Sales channel, 2024 to 2034 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Nature 9.1. Introduction / Key Findings 9.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Nature, 2019 to 2023 9.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Nature, 2024 to 2034 9.3.1. Organic 9.3.2. Vegan 9.3.3. Natural 9.3.4. Non-Genetically Modified Organism 9.3.5. Conventional 9.4. Y-o-Y Growth Trend Analysis By Nature, 2019 to 2023 9.5. Absolute $ Opportunity Analysis By Nature, 2024 to 2034 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 10.1. Introduction 10.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2019 to 2023 10.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2024 to 2034 10.3.1. North America 10.3.2. Latin America 10.3.3. Western Europe 10.3.4. Eastern Europe 10.3.5. South Asia and Pacific 10.3.6. East Asia 10.3.7. Middle East and Africa 10.4. Market Attractiveness Analysis By Region 11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. USA 11.2.1.2. Canada 11.2.2. By Product Type 11.2.3. By End Use 11.2.4. By Form 11.2.5. By Sales channel 11.2.6. By Nature 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Product Type 11.3.3. By End Use 11.3.4. By Form 11.3.5. By Sales channel 11.3.6. By Nature 11.4. Key Takeaways 12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. Brazil 12.2.1.2. Mexico 12.2.1.3. Rest of Latin America 12.2.2. By Product Type 12.2.3. By End Use 12.2.4. By Form 12.2.5. By Sales channel 12.2.6. By Nature 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Product Type 12.3.3. By End Use 12.3.4. By Form 12.3.5. By Sales channel 12.3.6. By Nature 12.4. Key Takeaways 13. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. Germany 13.2.1.2. UK 13.2.1.3. France 13.2.1.4. Spain 13.2.1.5. Italy 13.2.1.6. Rest of Western Europe 13.2.2. By Product Type 13.2.3. By End Use 13.2.4. By Form 13.2.5. By Sales channel 13.2.6. By Nature 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Product Type 13.3.3. By End Use 13.3.4. By Form 13.3.5. By Sales channel 13.3.6. By Nature 13.4. Key Takeaways 14. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. Poland 14.2.1.2. Russia 14.2.1.3. Czech Republic 14.2.1.4. Romania 14.2.1.5. Rest of Eastern Europe 14.2.2. By Product Type 14.2.3. By End Use 14.2.4. By Form 14.2.5. By Sales channel 14.2.6. By Nature 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Product Type 14.3.3. By End Use 14.3.4. By Form 14.3.5. By Sales channel 14.3.6. By Nature 14.4. Key Takeaways 15. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 15.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 15.2.1. By Country 15.2.1.1. India 15.2.1.2. Bangladesh 15.2.1.3. Australia 15.2.1.4. New Zealand 15.2.1.5. Rest of South Asia and Pacific 15.2.2. By Product Type 15.2.3. By End Use 15.2.4. By Form 15.2.5. By Sales channel 15.2.6. By Nature 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Product Type 15.3.3. By End Use 15.3.4. By Form 15.3.5. By Sales channel 15.3.6. By Nature 15.4. Key Takeaways 16. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 16.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 16.2.1. By Country 16.2.1.1. China 16.2.1.2. Japan 16.2.1.3. South Korea 16.2.2. By Product Type 16.2.3. By End Use 16.2.4. By Form 16.2.5. By Sales channel 16.2.6. By Nature 16.3. Market Attractiveness Analysis 16.3.1. By Country 16.3.2. By Product Type 16.3.3. By End Use 16.3.4. By Form 16.3.5. By Sales channel 16.3.6. By Nature 16.4. Key Takeaways 17. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 17.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023 17.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034 17.2.1. By Country 17.2.1.1. GCC Countries 17.2.1.2. South Africa 17.2.1.3. Israel 17.2.1.4. Rest of MEA 17.2.2. By Product Type 17.2.3. By End Use 17.2.4. By Form 17.2.5. By Sales channel 17.2.6. By Nature 17.3. Market Attractiveness Analysis 17.3.1. By Country 17.3.2. By Product Type 17.3.3. By End Use 17.3.4. By Form 17.3.5. By Sales channel 17.3.6. By Nature 17.4. Key Takeaways 18. Key Countries Market Analysis 18.1. USA 18.1.1. Pricing Analysis 18.1.2. Market Share Analysis, 2023 18.1.2.1. By Product Type 18.1.2.2. By End Use 18.1.2.3. By Form 18.1.2.4. By Sales channel 18.1.2.5. By Nature 18.2. Canada 18.2.1. Pricing Analysis 18.2.2. Market Share Analysis, 2023 18.2.2.1. By Product Type 18.2.2.2. By End Use 18.2.2.3. By Form 18.2.2.4. By Sales channel 18.2.2.5. By Nature 18.3. Brazil 18.3.1. Pricing Analysis 18.3.2. Market Share Analysis, 2023 18.3.2.1. By Product Type 18.3.2.2. By End Use 18.3.2.3. By Form 18.3.2.4. By Sales channel 18.3.2.5. By Nature 18.4. Mexico 18.4.1. Pricing Analysis 18.4.2. Market Share Analysis, 2023 18.4.2.1. By Product Type 18.4.2.2. By End Use 18.4.2.3. By Form 18.4.2.4. By Sales channel 18.4.2.5. By Nature 18.5. Germany 18.5.1. Pricing Analysis 18.5.2. Market Share Analysis, 2023 18.5.2.1. By Product Type 18.5.2.2. By End Use 18.5.2.3. By Form 18.5.2.4. By Sales channel 18.5.2.5. By Nature 18.6. UK 18.6.1. Pricing Analysis 18.6.2. Market Share Analysis, 2023 18.6.2.1. By Product Type 18.6.2.2. By End Use 18.6.2.3. By Form 18.6.2.4. By Sales channel 18.6.2.5. By Nature 18.7. France 18.7.1. Pricing Analysis 18.7.2. Market Share Analysis, 2023 18.7.2.1. By Product Type 18.7.2.2. By End Use 18.7.2.3. By Form 18.7.2.4. By Sales channel 18.7.2.5. By Nature 18.8. Spain 18.8.1. Pricing Analysis 18.8.2. Market Share Analysis, 2023 18.8.2.1. By Product Type 18.8.2.2. By End Use 18.8.2.3. By Form 18.8.2.4. By Sales channel 18.8.2.5. By Nature 18.9. Italy 18.9.1. Pricing Analysis 18.9.2. Market Share Analysis, 2023 18.9.2.1. By Product Type 18.9.2.2. By End Use 18.9.2.3. By Form 18.9.2.4. By Sales channel 18.9.2.5. By Nature 18.10. Poland 18.10.1. Pricing Analysis 18.10.2. Market Share Analysis, 2023 18.10.2.1. By Product Type 18.10.2.2. By End Use 18.10.2.3. By Form 18.10.2.4. By Sales channel 18.10.2.5. By Nature 18.11. Russia 18.11.1. Pricing Analysis 18.11.2. Market Share Analysis, 2023 18.11.2.1. By Product Type 18.11.2.2. By End Use 18.11.2.3. By Form 18.11.2.4. By Sales channel 18.11.2.5. By Nature 18.12. Czech Republic 18.12.1. Pricing Analysis 18.12.2. Market Share Analysis, 2023 18.12.2.1. By Product Type 18.12.2.2. By End Use 18.12.2.3. By Form 18.12.2.4. By Sales channel 18.12.2.5. By Nature 18.13. Romania 18.13.1. Pricing Analysis 18.13.2. Market Share Analysis, 2023 18.13.2.1. By Product Type 18.13.2.2. By End Use 18.13.2.3. By Form 18.13.2.4. By Sales channel 18.13.2.5. By Nature 18.14. India 18.14.1. Pricing Analysis 18.14.2. Market Share Analysis, 2023 18.14.2.1. By Product Type 18.14.2.2. By End Use 18.14.2.3. By Form 18.14.2.4. By Sales channel 18.14.2.5. By Nature 18.15. Bangladesh 18.15.1. Pricing Analysis 18.15.2. Market Share Analysis, 2023 18.15.2.1. By Product Type 18.15.2.2. By End Use 18.15.2.3. By Form 18.15.2.4. By Sales channel 18.15.2.5. By Nature 18.16. Australia 18.16.1. Pricing Analysis 18.16.2. Market Share Analysis, 2023 18.16.2.1. By Product Type 18.16.2.2. By End Use 18.16.2.3. By Form 18.16.2.4. By Sales channel 18.16.2.5. By Nature 18.17. New Zealand 18.17.1. Pricing Analysis 18.17.2. Market Share Analysis, 2023 18.17.2.1. By Product Type 18.17.2.2. By End Use 18.17.2.3. By Form 18.17.2.4. By Sales channel 18.17.2.5. By Nature 18.18. China 18.18.1. Pricing Analysis 18.18.2. Market Share Analysis, 2023 18.18.2.1. By Product Type 18.18.2.2. By End Use 18.18.2.3. By Form 18.18.2.4. By Sales channel 18.18.2.5. By Nature 18.19. Japan 18.19.1. Pricing Analysis 18.19.2. Market Share Analysis, 2023 18.19.2.1. By Product Type 18.19.2.2. By End Use 18.19.2.3. By Form 18.19.2.4. By Sales channel 18.19.2.5. By Nature 18.20. South Korea 18.20.1. Pricing Analysis 18.20.2. Market Share Analysis, 2023 18.20.2.1. By Product Type 18.20.2.2. By End Use 18.20.2.3. By Form 18.20.2.4. By Sales channel 18.20.2.5. By Nature 18.21. GCC Countries 18.21.1. Pricing Analysis 18.21.2. Market Share Analysis, 2023 18.21.2.1. By Product Type 18.21.2.2. By End Use 18.21.2.3. By Form 18.21.2.4. By Sales channel 18.21.2.5. By Nature 18.22. South Africa 18.22.1. Pricing Analysis 18.22.2. Market Share Analysis, 2023 18.22.2.1. By Product Type 18.22.2.2. By End Use 18.22.2.3. By Form 18.22.2.4. By Sales channel 18.22.2.5. By Nature 18.23. Israel 18.23.1. Pricing Analysis 18.23.2. Market Share Analysis, 2023 18.23.2.1. By Product Type 18.23.2.2. By End Use 18.23.2.3. By Form 18.23.2.4. By Sales channel 18.23.2.5. By Nature 19. Market Structure Analysis 19.1. Competition Dashboard 19.2. Competition Benchmarking 19.3. Market Share Analysis of Top Players 19.3.1. By Regional 19.3.2. By Product Type 19.3.3. By End Use 19.3.4. By Form 19.3.5. By Sales channel 19.3.6. By Nature 20. Competition Analysis 20.1. Competition Deep Dive 20.1.1. Givaudan S.A 20.1.1.1. Overview 20.1.1.2. Product Portfolio 20.1.1.3. Profitability by Market Segments 20.1.1.4. Sales Footprint 20.1.1.5. Strategy Overview 20.1.1.5.1. Marketing Strategy 20.1.1.5.2. Product Strategy 20.1.1.5.3. Channel Strategy 20.1.2. Kerry Group Plc. 20.1.2.1. Overview 20.1.2.2. Product Portfolio 20.1.2.3. Profitability by Market Segments 20.1.2.4. Sales Footprint 20.1.2.5. Strategy Overview 20.1.2.5.1. Marketing Strategy 20.1.2.5.2. Product Strategy 20.1.2.5.3. Channel Strategy 20.1.3. Takasago International Corporation 20.1.3.1. Overview 20.1.3.2. Product Portfolio 20.1.3.3. Profitability by Market Segments 20.1.3.4. Sales Footprint 20.1.3.5. Strategy Overview 20.1.3.5.1. Marketing Strategy 20.1.3.5.2. Product Strategy 20.1.3.5.3. Channel Strategy 20.1.4. Sensient Technologies Corporation 20.1.4.1. Overview 20.1.4.2. Product Portfolio 20.1.4.3. Profitability by Market Segments 20.1.4.4. Sales Footprint 20.1.4.5. Strategy Overview 20.1.4.5.1. Marketing Strategy 20.1.4.5.2. Product Strategy 20.1.4.5.3. Channel Strategy 20.1.5. Archer Daniels Midland Company 20.1.5.1. Overview 20.1.5.2. Product Portfolio 20.1.5.3. Profitability by Market Segments 20.1.5.4. Sales Footprint 20.1.5.5. Strategy Overview 20.1.5.5.1. Marketing Strategy 20.1.5.5.2. Product Strategy 20.1.5.5.3. Channel Strategy 20.1.6. Ajinomoto Co., Inc. 20.1.6.1. Overview 20.1.6.2. Product Portfolio 20.1.6.3. Profitability by Market Segments 20.1.6.4. Sales Footprint 20.1.6.5. Strategy Overview 20.1.6.5.1. Marketing Strategy 20.1.6.5.2. Product Strategy 20.1.6.5.3. Channel Strategy 20.1.7. Symrise AG 20.1.7.1. Overview 20.1.7.2. Product Portfolio 20.1.7.3. Profitability by Market Segments 20.1.7.4. Sales Footprint 20.1.7.5. Strategy Overview 20.1.7.5.1. Marketing Strategy 20.1.7.5.2. Product Strategy 20.1.7.5.3. Channel Strategy 20.1.8. Firmenich SA 20.1.8.1. Overview 20.1.8.2. Product Portfolio 20.1.8.3. Profitability by Market Segments 20.1.8.4. Sales Footprint 20.1.8.5. Strategy Overview 20.1.8.5.1. Marketing Strategy 20.1.8.5.2. Product Strategy 20.1.8.5.3. Channel Strategy 20.1.9. Kalsec Inc. 20.1.9.1. Overview 20.1.9.2. Product Portfolio 20.1.9.3. Profitability by Market Segments 20.1.9.4. Sales Footprint 20.1.9.5. Strategy Overview 20.1.9.5.1. Marketing Strategy 20.1.9.5.2. Product Strategy 20.1.9.5.3. Channel Strategy 20.1.10. Olam International 20.1.10.1. Overview 20.1.10.2. Product Portfolio 20.1.10.3. Profitability by Market Segments 20.1.10.4. Sales Footprint 20.1.10.5. Strategy Overview 20.1.10.5.1. Marketing Strategy 20.1.10.5.2. Product Strategy 20.1.10.5.3. Channel Strategy 20.1.11. McCormick & Company, Inc. 20.1.11.1. Overview 20.1.11.2. Product Portfolio 20.1.11.3. Profitability by Market Segments 20.1.11.4. Sales Footprint 20.1.11.5. Strategy Overview 20.1.11.5.1. Marketing Strategy 20.1.11.5.2. Product Strategy 20.1.11.5.3. Channel Strategy 20.1.12. Frutarom Industries Ltd 20.1.12.1. Overview 20.1.12.2. Product Portfolio 20.1.12.3. Profitability by Market Segments 20.1.12.4. Sales Footprint 20.1.12.5. Strategy Overview 20.1.12.5.1. Marketing Strategy 20.1.12.5.2. Product Strategy 20.1.12.5.3. Channel Strategy 21. Assumptions & Acronyms Used 22. Research Methodology
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