Key Market Indicators
Italian spice consumption is projected to rise to 16,000 metric tons by 2028, marking an increase from 14,000 metric tons in 2023. This growth represents an average annual rate of 2.7%. Since 2019, Italian demand for spices has seen a year-on-year increase of 1.5%. In the global rankings for 2023, Italy holds the 50th position. Kuwait has surpassed Italy with its own consumption hitting 14,000 metric tons. Leading the global spice consumption rankings are Bangladesh, Indonesia, and Thailand, occupying the second, third, and fourth spots respectively.
