Global Spice Trends in 2024
Spice is part of Seasonings and includes a number of sub-sectors such as Cumin. You may also be interested in Culinary Herb.
Global spice consumption is projected to reach 11.3 million metric tons by 2028, up from 10.8 million metric tons in 2023. This marks a steady annual growth rate of 0.8%. Since 2019, global demand for spices has increased by 0.7% annually. India leads the world in spice consumption, with 4.7 million metric tons consumed in 2023. Trailing behind are Bangladesh, Indonesia, and Thailand, holding the second, third, and fourth spots, respectively. Notably, Swaziland's spice consumption surged by 8.5% annually, while Zimbabwe experienced a significant decline of 12.9% per year since 2019. On the production front, global spice output is anticipated to rise to 14.3 million metric tons by 2028 from 13.4 million metric tons in 2023, representing a yearly growth rate of 1%. Since 2019, global spice supply has seen a more robust annual increase of 1.6%. India also dominates global spice production, churning out 5.95 million metric tons in 2023. China, Nigeria, and Indonesia follow in the rankings for spice production. Tajikistan has shown remarkable growth in this sector, with a 14.9% annual increase, whereas Malawi's production has dwindled by 12.9% each year since 2019.
Top 10 countries
In 2024 major markets in the Spice Industry were:
Spice Market Data and Forecasts
How much the Spice industry is expected to grow to 2028?
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