Forecast: Spice and Extract Sales in the US

Spice and extract sales in the US are forecasted to grow steadily from 2024 to 2028, increasing from 12.644 billion USD to 13.539 billion USD. This represents an average annual growth rate of about 1.7%. This forecast follows the market's momentum from 2023, where the sales value stood notably lower, highlighting resilience and rising demand.

Key future trends to watch include:

  • The rise of health-conscious consumers seeking natural and organic spices.
  • Increased influence of ethnic cuisines elevating demand for diverse spices.
  • Potential impacts of supply chain disruptions and economic fluctuations on pricing and availability.

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