North America is a buzzing ground for herbs and spices. It could be majorly due to the varied composition and ethnicities of people living in the region. Differed spice requirements for different foods have enabled the players in the spice industry to expand their product offerings. It has further attributed to the growing import and cross-border trades across the globe. In the last few years, there has been a tremendous transformation in western eating habits due to growing health awareness and increasing exposure to healthy food alternatives, which could significantly boost the North American seasonings market forecast in the times ahead.
Indian spices have gained immense popularity in the west over the years, driven by their health benefits and healing properties. Some of them are extensively used as preservatives in a variety of poultry and meats. Changing lifestyles and busy schedules have introduced a trend of ready-to-eat packaged food items and spice mixes in several western and developed countries, which will further augment the North America seasonings industry share in the forthcoming years.
Based on a study by Global Market Insights Inc., the North America seasonings market may surpass a valuation of USD 5 billion by 2027.
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Below mentioned are some notable factors that will influence the industry outlook in the foreseeable future.
Growing health awareness
One of the most prominent reasons for the rising health concerns among people is the sudden onset of the global pandemic. The industry witnessed a significant rise in the sales of region-specific seasonings and spices, driven by the surging quest for authenticity and expanding culinary horizons of unexplored traditional dishes from all across the globe.
As per the CEO of SaltWorks, a supplier of flavored, traditional, and smoked natural salts, the industry has witnessed a heavy demand for authenticated global flavors since the pandemic. Stringent lockdown norms have restricted consumers for at-home dining, which has boosted their craving for restaurant-quality food with big, bold flavors.
In addition, health benefits associated with several Indian spices like garlic, ginger, Curcuma supported the North America seasonings industry expansion in the previous years and will continue to do so in the forthcoming years as well.
Escalating demand for pepper
According to the US Department of Agriculture, the per capita consumption of fresh chili papers in the US in 2020 rose to 7 pounds per person. Such estimates are derived from the rising popularity of peppers in the North American market due to their numerous health benefits. Pepper is a versatile spice with excellent anti-inflammatory and cancer-fighting capabilities. They are rich in antioxidants and are known to control cholesterol and blood sugar levels. Several animal studies claim their positive impact on the brain. Moreover, increasing product usage in several cuisines is likely to propel industry growth in the times to come.
Increasing global tourism
International tourism has exposed people across the globe to different ethnic dishes and flavors. In recent decades, the tourism industry has seen immense growth due to flourishing global trade, improving economic growth, and the rising curiosity to explore the world. As per data by UNWTO, global tourism experienced a growth of 4% in 2021 despite the pandemic and travel restrictions in several economies.
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Since the operations are resuming at a rapid pace due to decreasing comorbidities and severity, the tourism sector will register significant progression, thereby pushing the growth of North America seasonings industry.
About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider. Offering syndicated and custom research reports, growth consulting and business intelligence services, Global Market Insights, Inc. aims to help clients with penetrative insights and actionable market data that aid in strategic decision making.
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