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UK Spices Market

United Kingdom Spices Market By Product (Pepper, Ginger, Cinnamon, Cumin, Turmeric, Cardamom, Coriander, Others); By Form (Powder, Whole, Chopped/Crushed); By Geography – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

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Published: | Report ID: 41776 | Report Format : Excel, PDF
REPORT ATTRIBUTE DETAILS
Historical Period 2019-2022
Base Year 2023
Forecast Period 2024-2032
UK Spices Market Size 2023 USD 53.45 million
UK Spices Market, CAGR 5.52%
UK Spices Market Size 2032 USD 87.19 million

Market Overview

The UK Spices Market is projected to grow from USD 53.45 million in 2023 to an estimated USD 87.19 million by 2032, with a compound annual growth rate (CAGR) of 5.52% from 2024 to 2032. This significant growth is driven by increasing consumer demand for diverse and exotic flavors, the rising popularity of international cuisines, and a growing awareness of the health benefits associated with various spices. The market’s expansion reflects a broader trend towards culinary experimentation and a shift in consumer preferences towards natural and organic food products.

Several factors are driving the growth of the UK Spices Market. The rising trend of home cooking, fueled by cooking shows, social media, and the increasing availability of exotic spices in supermarkets, is a key driver. Additionally, the growing immigrant population in the UK has introduced a variety of spices to mainstream cuisine, further enhancing market growth. Health consciousness among consumers has also led to a higher demand for spices with medicinal properties, such as turmeric, ginger, and cinnamon, known for their anti-inflammatory and antioxidant benefits. These trends collectively support the robust growth forecast for the market.

Geographically, the UK Spices Market exhibits significant variation in demand across different regions. London and the South East are major markets due to their diverse population and higher disposable incomes, which drive the demand for a wide variety of spices. The Midlands and the North West also present substantial growth opportunities, supported by a growing interest in ethnic foods and culinary experimentation. Key players in the UK Spices Market include companies such as Bart Ingredients, Schwartz (McCormick & Company), and Fuchs Group, who are focusing on product innovation and expanding their distribution networks to cater to the increasing demand for high-quality spices. These companies are also investing in sustainable sourcing practices to meet the rising consumer preference for ethically sourced products.

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Market Drivers

Rising Consumer Demand for Diverse and Exotic Flavors

The UK’s culinary landscape has witnessed a significant transformation in recent years, driven by an increasing consumer demand for diverse and exotic flavors. This trend is largely fueled by the rise of multiculturalism, with the UK being home to a wide array of ethnic communities. As people explore and adopt different cuisines, the use of various spices has become more prevalent in everyday cooking. This shift is evident in the growing popularity of international dishes such as Indian, Thai, Mexican, and Middle Eastern cuisine, which rely heavily on the use of spices to create their distinct flavors. Additionally, the proliferation of food blogs, cooking shows, and social media platforms has exposed consumers to a vast range of recipes and culinary techniques, further driving the demand for spices. The desire to replicate restaurant-quality dishes at home has led to an increased purchase of a variety of spices, boosting market growth.

Health and Wellness Trends

Health and wellness trends have a profound impact on the UK Spices Market. There is a growing awareness among consumers about the health benefits associated with various spices, which is significantly influencing purchasing decisions. Spices such as turmeric, ginger, and cinnamon are well-known for their anti-inflammatory, antioxidant, and digestive health properties. The increased focus on natural and holistic health remedies has led consumers to incorporate these spices into their daily diets. For instance, turmeric is often added to smoothies and teas, while ginger is widely used in cooking and as a natural remedy for ailments like colds and indigestion. The health benefits of spices are not only highlighted in traditional uses but also through scientific research and media coverage, which reinforces their popularity. The market sees an upswing in demand as consumers seek to enhance their diets with these beneficial ingredients, thus driving the growth of the spices market in the UK.

Increasing Trend of Home Cooking

The trend of home cooking has gained momentum in the UK, especially in the wake of the COVID-19 pandemic. Lockdowns and social distancing measures necessitated more home-cooked meals, and this habit has persisted even as restrictions eased. The convenience and cost-effectiveness of preparing meals at home, coupled with the desire to experiment with new recipes, have spurred the demand for a variety of spices. Consumers are increasingly looking to recreate their favorite restaurant dishes at home, leading to a surge in spice purchases. Furthermore, the availability of online cooking tutorials and meal kits that include a range of spices has made it easier for people to explore different culinary traditions. Supermarkets and specialty stores have expanded their spice offerings to cater to this growing interest, making spices more accessible to the average consumer. This increasing engagement with home cooking directly contributes to the robust growth of the spices market.

Growing Popularity of Organic and Ethically Sourced Spices

The growing consumer preference for organic and ethically sourced products is another key driver of the UK Spices Market. As awareness about environmental sustainability and ethical farming practices increases, consumers are more inclined to choose products that align with these values. Organic spices, free from synthetic pesticides and fertilizers, are perceived as healthier and more environmentally friendly options. Similarly, ethically sourced spices, which ensure fair wages and working conditions for farmers, are gaining traction among socially conscious consumers. The market is responding to this demand with an increased availability of certified organic and fair-trade spices. Leading spice brands are investing in sustainable sourcing initiatives and transparent supply chains to meet these consumer expectations. This trend not only supports the market’s growth but also fosters a more sustainable and ethical industry, appealing to a broad segment of health-conscious and environmentally aware consumers.

Market Trends

Increasing Preference for Organic Spices

Consumers in the UK are increasingly opting for organic spices, driven by a growing awareness of health and environmental sustainability. According to the UK government’s Department for Environment, Food & Rural Affairs, in 2022, 509 thousand hectares were farmed organically in the UK.  Organic spices, which are free from synthetic pesticides and fertilizers, are perceived as healthier and more environmentally friendly. This trend is supported by the rising availability of organic options in supermarkets and specialty stores, as well as the clear labeling and certification of organic products. Brands are capitalizing on this trend by expanding their organic product lines and emphasizing their commitment to sustainable farming practices.

Rise of Ethically Sourced Spices

Ethically sourced spices are gaining popularity as consumers become more conscious of social and environmental issues. Fair-trade certifications and transparent supply chains that ensure fair wages and safe working conditions for farmers are increasingly important to UK consumers. The Ethical Markets Report 2023 shows that despite a challenging economic climate, environmental impact continues to be the primary reason why respondents reported that they had avoided purchasing certain products. This trend reflects a broader movement towards ethical consumption, where the origin and production practices of food products influence purchasing decisions. Spice brands are responding by adopting ethical sourcing practices and highlighting these efforts in their marketing strategies to appeal to socially conscious consumers.

Popularity of Blended Spices and Seasoning Mixes

Blended spices and seasoning mixes are becoming a staple in UK kitchens, offering convenience and consistency for home cooks. These pre-mixed blends simplify the cooking process by providing ready-to-use combinations of spices tailored for specific cuisines or dishes, such as curry powders, Italian herb mixes, and barbecue rubs. The European market potential for spice mixes report indicates that there is a large market for various spice mixes in the UK. The demand for these products is driven by the increasing trend of home cooking, where consumers seek to recreate restaurant-quality meals with ease. This trend also aligns with the busy lifestyles of modern consumers who appreciate time-saving solutions without compromising on flavor.

Influence of Health and Wellness Trends

The health and wellness trend is significantly influencing the UK Spices Market. Spices known for their medicinal properties, such as turmeric, ginger, and cinnamon, are in high demand due to their health benefits, including anti-inflammatory and antioxidant properties. Consumers are incorporating these spices into their diets to support overall health and well-being. This trend is further amplified by the proliferation of health-focused content on social media and the endorsement of spices by nutritionists and health experts.  Consequently, over 30 percent of them have reduced their consumption or drastically reduced their consumption of hyper-processed food products.

Experimentation with International Cuisines

UK consumers are increasingly experimenting with international cuisines, driven by a desire for new and diverse culinary experiences. This trend is supported by the country’s multicultural population, which brings a variety of culinary traditions and spices into the mainstream. The popularity of cooking shows, food blogs, and social media influencers showcasing global recipes has also contributed to this trend. As a result, there is a growing demand for a wide range of spices from different parts of the world, including Indian, Middle Eastern, and Asian spices.

Expansion of E-commerce and Online Spice Retail

The expansion of e-commerce has significantly impacted the UK Spices Market, providing consumers with easy access to a broader variety of spices. Online platforms offer an extensive selection of spices, including niche and hard-to-find varieties, catering to the diverse needs of consumers. The convenience of online shopping, combined with the availability of detailed product information and customer reviews, enhances the shopping experience and drives online spice sales. This trend is expected to continue growing as more consumers embrace online retail for their spice purchases.

Increased Focus on Sustainability and Packaging

Sustainability is becoming a key consideration in the UK Spices Market, with consumers and brands alike focusing on eco-friendly packaging solutions. Companies are adopting sustainable packaging materials, such as biodegradable and recyclable options, to reduce their environmental footprint. This trend reflects the broader consumer demand for sustainability in all aspects of their purchases, including food products. Brands that prioritize sustainable packaging are likely to resonate more with environmentally conscious consumers, thereby gaining a competitive edge in the market.

Market Restraints and Challenges

Supply Chain Disruptions

Supply chain disruptions pose a significant challenge to the UK Spices Market. The spice industry heavily relies on imports from various countries, making it vulnerable to geopolitical tensions, natural disasters, and trade restrictions. These disruptions can lead to delays, increased costs, and inconsistent supply, which negatively impact the availability and pricing of spices in the market. The COVID-19 pandemic has highlighted these vulnerabilities, causing substantial delays and fluctuations in spice supply chains. As a result, businesses must develop robust supply chain strategies to mitigate these risks and ensure a steady flow of products.

Fluctuating Raw Material Prices

The prices of raw materials for spices are subject to considerable volatility due to factors such as climate change, crop yields, and global demand. This price volatility can create challenges for manufacturers and retailers in maintaining consistent pricing for their products. Sudden spikes in raw material costs can erode profit margins and make it difficult for businesses to offer competitive prices to consumers. Additionally, price fluctuations can lead to instability in the market, affecting consumer confidence and purchasing behavior. Managing these fluctuations requires effective cost control measures and strategic sourcing practices.

Stringent Regulatory Requirements

The UK Spices Market faces stringent regulatory requirements regarding food safety, quality, and labeling. Compliance with these regulations can be complex and costly, particularly for small and medium-sized enterprises (SMEs). Ensuring that spices meet the necessary standards for contaminants, allergens, and authenticity requires rigorous testing and certification processes. The implementation of new regulations or changes in existing ones can also pose challenges for businesses, requiring them to adapt quickly to remain compliant. Non-compliance can result in legal penalties, product recalls, and damage to brand reputation, making regulatory adherence a critical challenge.

Intense Market Competition

The UK Spices Market is highly competitive, with numerous local and international players vying for market share. This intense competition can make it difficult for new entrants to establish themselves and for existing companies to maintain their market positions. Price wars, aggressive marketing strategies, and continuous product innovation are common in this competitive landscape. To succeed, businesses must differentiate themselves through unique value propositions, such as offering high-quality, organic, or ethically sourced spices. However, achieving differentiation in a saturated market can be challenging and requires significant investment in branding and product development.

Consumer Price Sensitivity

Consumers in the UK are increasingly price-sensitive, which can limit the growth potential of the spices market. While there is a demand for high-quality and specialty spices, many consumers are unwilling to pay premium prices. This price sensitivity can constrain the ability of companies to pass on increased costs to consumers, affecting profitability. Additionally, economic uncertainties and fluctuations in disposable income can further influence consumer spending patterns, making it challenging for businesses to predict demand and set prices accordingly.

Environmental and Sustainability Concerns

Environmental and sustainability concerns are becoming more prominent among consumers, who are increasingly demanding eco-friendly products. This trend presents a challenge for the spices market, as the cultivation, processing, and packaging of spices can have significant environmental impacts. Addressing these concerns requires substantial investments in sustainable practices, such as reducing carbon footprints, using biodegradable packaging, and supporting sustainable farming initiatives. While these measures are essential for long-term market viability, they can increase operational costs and complexity.

Market Segmentation Analysis

By Product

Pepper remains a staple in UK households, widely used for its versatility in enhancing flavors across various dishes, and its demand is expected to grow steadily due to its extensive use in both home cooking and the foodservice industry. Ginger, increasingly sought after for its distinctive flavor and health benefits, including anti-inflammatory and digestive properties, is favored in both traditional and modern recipes, with its market share boosted by the health-conscious eating trend. Cinnamon enjoys high demand due to its applications in baking, beverages, and savory dishes, supported by its health benefits like blood sugar regulation and antioxidant properties, leading to expected market growth. Cumin, a key ingredient in many international cuisines such as Indian, Middle Eastern, and Mexican, is highly valued in spice blends and seasoning mixes, with the increasing interest in ethnic foods driving its demand. Turmeric has surged in popularity due to its acclaimed health benefits, including anti-inflammatory and antioxidant properties, and is widely used in curries and health drinks, maintaining robust market growth. Cardamom, known for its unique aroma and flavor, is extensively used in both sweet and savory dishes, particularly in Indian and Scandinavian cuisines, and is gaining traction in specialty and gourmet cooking, positioning it as a high-value segment. Coriander, used in both seed and leaf form, is a staple in many kitchens for its dual use in cooking and garnishing, favored for its citrusy flavor and common in spice blends and sauces. The “Others” segment includes a variety of spices such as cloves, nutmeg, paprika, and saffron, catering to niche markets and specific culinary needs, with this diversity allowing for broad market coverage and catering to specific consumer preferences.

By Form

Powdered spices dominate the UK Spices Market due to their convenience and ease of use, blending effortlessly into dishes to offer consistent flavor, making them popular in both household and commercial kitchens. Whole spices, favored for their longer shelf life and intense flavor, appeal to gourmet chefs and food enthusiasts who prefer freshly ground or direct use for authentic and robust flavors, catering to those valuing traditional cooking methods. Chopped or crushed spices, offering a balance between convenience and flavor intensity, are particularly popular in pre-packaged spice blends and ready-to-cook meal kits, meeting the needs of consumers seeking time-saving solutions without compromising on quality and freshness.

Segments

Based on Product

  • Pepper
  • Ginger
  • Cinnamon
  • Cumin
  • Turmeric
  • Cardamom
  • Coriander
  • Others

Based on Form

  • Powder
  • Whole
  • Chopped/Crushed

Regional Analysis

London and the South East (35%):

London and the South East are the most significant regions in the UK Spices Market, accounting for approximately 35% of the market share. This dominance is attributed to the diverse and multicultural population, which has a profound influence on culinary preferences and spice consumption. The high disposable income levels in these regions further drive the demand for a variety of spices, including premium and exotic options. The presence of numerous specialty food stores and international supermarkets makes a wide range of spices readily available to consumers. Additionally, the vibrant food culture, characterized by a plethora of restaurants and food festivals, fosters a continual interest in new and diverse spices.

Scotland (12%):

Scotland accounts for about 12% of the market share, reflecting its unique culinary traditions and growing interest in global flavors. The region’s increasing tourist population and the presence of a vibrant food and drink industry contribute to the demand for spices. Scottish consumers are becoming more adventurous in their cooking, experimenting with spices to create both traditional Scottish dishes and international recipes. The availability of spices through both retail and online channels has made it easier for consumers to access a wide variety of products.

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Key players

  • Olam International
  • Unilever
  • Nedspice Group
  • Solina
  • Euroma
  • Schwartz
  • British Pepper & Spice

Competitive Analysis

The UK Spices Market is highly competitive, with key players leveraging their extensive distribution networks, strong brand recognition, and diverse product portfolios to maintain market leadership. Olam International and Nedspice Group are prominent for their global sourcing capabilities and focus on sustainability, ensuring a steady supply of high-quality spices. Unilever, with its popular brand Schwartz, capitalizes on brand loyalty and innovative product offerings to stay ahead. Solina and Euroma differentiate themselves through customized spice blends and seasoning solutions tailored for both retail and industrial clients. British Pepper & Spice stands out for its strong presence in the UK market, emphasizing locally sourced and high-quality products. The competition is marked by continuous product innovation, sustainable sourcing practices, and strategic marketing efforts to cater to the evolving tastes and preferences of UK consumers.

Recent Developments

In July 2022, it was announced that Natreon, a maker of specialty ingredients, was acquired by the Kerry Group on April 1. Natreon specializes in Ayurvedic botanical ingredients, providing a wide range of specialty constituents globally. Among its patented products is Sensoril. This acquisition allows Kerry Group to expand its portfolio with high-quality, botanically-derived ingredients, enhancing its offerings in the health and wellness sector. The integration of Natreon’s expertise and products supports Kerry’s strategic goal of leading in the development of functional ingredients and solutions for the global market.

In February 2022, Kerry Group announced significant strategic acquisitions in the biotechnology sector. The company confirmed an agreement to acquire c-LEcta, a leading biotechnology innovation firm. This acquisition aims to strengthen Kerry’s capabilities in enzyme engineering and bioprocess development. c-LEcta’s advanced biotechnology solutions complement Kerry’s existing portfolio, enabling the company to offer enhanced and sustainable biotechnological innovations. This move aligns with Kerry’s strategic vision to drive growth and innovation through cutting-edge biotechnology, enhancing its market position and delivering superior solutions to its global clientele.

In May 2020, Japanese seasoning company Ajinomoto launched the Ajinomoto Group Nutrient Profiling System for Products (ANPS-P) as part of its global nutrition enhancement initiatives. This system aims to improve the nutritional quality of Ajinomoto’s product offerings. Ajinomoto claims to be the first Japanese company to introduce a nutrient profiling system (NPS). The ANPS-P supports the company’s commitment to promoting healthier eating habits and enhancing the nutritional value of its products, aligning with global health trends and consumer demands for better nutrition. This initiative underscores Ajinomoto’s leadership in advancing food and nutrition standards.

Market Concentration and Characteristics

The UK Spices Market is characterized by moderate market concentration, with a mix of both global and local players vying for market share. Major companies such as Olam International, Unilever (Schwartz), Nedspice Group, and British Pepper & Spice dominate the market, leveraging their extensive distribution networks, strong brand recognition, and comprehensive product portfolios to maintain a competitive edge. These key players are complemented by smaller, niche companies focusing on organic, ethically sourced, and specialty spices to cater to evolving consumer preferences. The market is marked by a strong emphasis on sustainability, product innovation, and responsiveness to health and wellness trends, driving growth and competition in this dynamic sector.

Report Coverage

The research report offers an in-depth analysis based on Product and Form. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

  1. The UK Spices Market is projected to maintain a robust growth trajectory, driven by increasing consumer demand for diverse and exotic flavors.
  1. Organic spices will continue to gain popularity as consumers prioritize health and environmental sustainability, boosting market share for organic products.
  1. E-commerce platforms are expected to play a significant role in spice sales, offering consumers greater convenience and access to a wider variety of products.
  1. Companies will focus on product innovation, introducing new spice blends and seasoning mixes to cater to evolving culinary trends and consumer preferences.
  1. The demand for spices with health benefits, such as turmeric and ginger, will grow as consumers seek natural ways to enhance their diets and wellness routines.
  1. The popularity of ethnic and international cuisines will drive demand for a diverse range of spices, reflecting the UK’s multicultural population and culinary interests.
  1. Sustainable sourcing practices will become increasingly important, with consumers demanding transparency and ethical production methods from spice suppliers.
  1. Technological advancements in supply chain management will enhance efficiency, reduce costs, and improve the reliability of spice deliveries to meet growing demand.
  1. Companies will invest in marketing and branding to differentiate their products, highlighting unique selling points such as organic certification and ethical sourcing.
  1. Compliance with stringent regulatory standards and a focus on quality assurance will remain critical, ensuring that products meet safety and authenticity requirements.

CHAPTER NO. 1 : INTRODUCTION 13

1.1.1. Report Description 13

Purpose of the Report 13

USP & Key Offerings 13

1.1.2. Key Benefits for Stakeholders 13

1.1.3. Target Audience 14

1.1.4. Report Scope 14

CHAPTER NO. 2 : EXECUTIVE SUMMARY 15

2.1. Spices Market Snapshot 15

2.1.1. UK Spices Market, 2018 – 2032 (Kilograms) (USD Million) 16

2.2. Insights from Primary Respondents 17

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 18

3.1. Russia-Ukraine and Israel-Palestine War Impacts 18

CHAPTER NO. 4 : SPICES MARKET – INDUSTRY ANALYSIS 19

4.1. Introduction 19

4.2. Market Drivers 20

4.2.1. Driving Factor 1 Analysis 20

4.2.2. Driving Factor 2 Analysis 21

4.3. Market Restraints 22

4.3.1. Restraining Factor Analysis 22

4.4. Market Opportunities 23

4.4.1. Market Opportunity Analysis 23

4.5. Porter’s Five Forces Analysis 24

CHAPTER NO. 5 : ANALYSIS COMPETITIVE LANDSCAPE 25

5.1. Company Market Share Analysis – 2023 25

5.1.1. UK Spices Market: Company Market Share, by Volume, 2023 25

5.1.2. UK Spices Market: Company Market Share, by Revenue, 2023 26

5.1.3. UK Spices Market: Top 6 Company Market Share, by Revenue, 2023 26

5.1.4. UK Spices Market: Top 3 Company Market Share, by Revenue, 2023 27

5.2. UK Spices Market Company Volume Market Share, 2023 28

5.3. UK Spices Market Company Revenue Market Share, 2023 29

5.4. Company Assessment Metrics, 2023 29

5.4.1. Stars 30

5.4.2. Emerging Leaders 30

5.4.3. Pervasive Players 30

5.4.4. Participants 30

5.5. Start-ups /SMEs Assessment Metrics, 2023 30

5.5.1. Progressive Companies 30

5.5.2. Responsive Companies 30

5.5.3. Dynamic Companies 30

5.5.4. Starting Blocks 30

5.6. Strategic Developments 31

5.6.1. Acquisitions & Mergers 31

New Product Launch 31

Regional Expansion 31

5.7. Key Players Product Matrix 32

CHAPTER NO. 6 : PESTEL & ADJACENT MARKET ANALYSIS 33

6.1. PESTEL 33

6.1.1. Political Factors 33

6.1.2. Economic Factors 33

6.1.3. Social Factors 33

6.1.4. Technological Factors 33

6.1.5. Environmental Factors 33

6.1.6. Legal Factors 33

6.2. Adjacent Market Analysis 33

CHAPTER NO. 7 : SPICES MARKET – BY PRODUCT SEGMENT ANALYSIS 34

7.1. Spices Market Overview, by Product Segment 34

7.1.1. Spices Market Volume Share, By Product, 2023 & 2032 35

7.1.2. Spices Market Revenue Share, By Product, 2023 & 2032 35

7.1.3. Spices Market Attractiveness Analysis, By Product 36

7.1.4. Incremental Revenue Growth Opportunity, by Product, 2024 – 2032 36

7.1.5. Spices Market Revenue, By Product, 2018, 2023, 2027 & 2032 37

7.2. Pepper 38

7.3. Ginger 39

7.4. Cinnamon 40

7.5. Cumin 41

7.6. Turmeric 42

7.7. Cardamom 43

7.8. Coriander 44

7.9. Others 45

CHAPTER NO. 8 : SPICES MARKET – BY FORM SEGMENT ANALYSIS 46

8.1. Spices Market Overview, by Form Segment 46

8.1.1. Spices Market Volume Share, By Form, 2023 & 2032 47

8.1.2. Spices Market Revenue Share, By Form, 2023 & 2032 47

8.1.3. Spices Market Attractiveness Analysis, By Form 48

8.1.4. Incremental Revenue Growth Opportunity, by Form, 2024 – 2032 48

8.1.5. Spices Market Revenue, By Form, 2018, 2023, 2027 & 2032 49

8.2. Powder 50

8.3. Whole 51

8.4. Chopped/Crushed 52

CHAPTER NO. 9 : COMPANY PROFILES 53

9.1. Döhler GmbH 53

9.1.1. Company Overview 53

9.1.2. Product Portfolio 53

9.1.3. Swot Analysis 53

9.1.4. Business Strategy 53

9.1.5. Financial Overview 54

9.2. Olam International 55

9.3. Unilever 55

9.4. Nedspice Group 55

9.5. Solina 55

9.6. Euroma 55

9.7. Schwartz 55

9.8. British Pepper & Spic 55

CHAPTER NO. 10 : RESEARCH METHODOLOGY 56

10.1. Research Methodology 56

10.1.1. Phase I – Secondary Research 57

10.1.2. Phase II – Data Modeling 57

Company Share Analysis Model 58

Revenue Based Modeling 58

10.1.3. Phase III – Primary Research 59

10.1.4. Research Limitations 60

Assumptions 60

List of Figures

FIG NO. 1. UK Spices Market Volume & Revenue, 2018 – 2032 (Kilograms) (USD Million) 16

FIG NO. 2. Porter’s Five Forces Analysis for UK Spices Market 24

FIG NO. 3. Company Share Analysis, 2023 25

FIG NO. 4. Company Share Analysis, 2023 26

FIG NO. 5. Company Share Analysis, 2023 26

FIG NO. 6. Company Share Analysis, 2023 27

FIG NO. 7. Spices Market – Company Volume  Market Share, 2023 28

FIG NO. 8. Spices Market – Company Revenue Market Share, 2023 29

FIG NO. 9. Spices Market Volume Share, By Product, 2023 & 2032 35

FIG NO. 10. Spices Market Revenue Share, By Product, 2023 & 2032 35

FIG NO. 11. Market Attractiveness Analysis, By Product 36

FIG NO. 12. Incremental Revenue Growth Opportunity by Product, 2024 – 2032 36

FIG NO. 13. Spices Market Revenue, By Product, 2018, 2023, 2027 & 2032 37

FIG NO. 14. UK Spices Market for Pepper, Volume & Revenue (Kilograms) (USD Million) 2018 – 2032 38

FIG NO. 15. UK Spices Market for Ginger, Volume & Revenue (Kilograms) (USD Million) 2018 – 2032 39

FIG NO. 16. UK Spices Market for Cinnamon, Volume & Revenue (Kilograms) (USD Million) 2018 – 2032 40

FIG NO. 17. UK Spices Market for Cumin, Volume & Revenue (Kilograms) (USD Million) 2018 – 2032 41

FIG NO. 18. UK Spices Market for Turmeric, Volume & Revenue (Kilograms) (USD Million) 2018 – 2032 42

FIG NO. 19. UK Spices Market for Cardamom, Volume & Revenue (Kilograms) (USD Million) 2018 – 2032 43

FIG NO. 20. UK Spices Market for Coriander, Volume & Revenue (Kilograms) (USD Million) 2018 – 2032 44

FIG NO. 21. UK Spices Market for Others, Volume & Revenue (Kilograms) (USD Million) 2018 – 2032 45

FIG NO. 22. Spices Market Volume Share, By Form, 2023 & 2032 47

FIG NO. 23. Spices Market Revenue Share, By Form, 2023 & 2032 47

FIG NO. 24. Market Attractiveness Analysis, By Form 48

FIG NO. 25. Incremental Revenue Growth Opportunity by Form, 2024 – 2032 48

FIG NO. 26. Spices Market Revenue, By Form, 2018, 2023, 2027 & 2032 49

FIG NO. 27. UK Spices Market for Powder, Volume & Revenue (Kilograms) (USD Million) 2018 – 2032 50

FIG NO. 28. UK Spices Market for Whole, Volume & Revenue (Kilograms) (USD Million) 2018 – 2032 51

FIG NO. 29. UK Spices Market for Chopped/Crushed, Volume & Revenue (Kilograms) (USD Million) 2018 – 2032 52

FIG NO. 30. Research Methodology – Detailed View 56

FIG NO. 31. Research Methodology 57

List of Tables

TABLE NO. 1. : UK Spices Market: Snapshot 14

TABLE NO. 2. : Drivers for the Spices Market: Impact Analysis 19

TABLE NO. 3. : Restraints for the Spices Market: Impact Analysis 21

Frequently Asked Questions:

What is the projected growth of the UK Spices Market?

The UK Spices Market is projected to grow from USD 53.45 million in 2023 to USD 87.19 million by 2032, with a CAGR of 5.52% from 2024 to 2032.

What factors are driving the growth of the UK Spices Market?

Key factors driving growth include increasing consumer demand for diverse and exotic flavors, the popularity of international cuisines, and rising awareness of the health benefits of spices.

Which regions in the UK have the highest demand for spices?

London and the South East hold the largest market share at 35%, followed by the Midlands at 20% and the North West at 18%, driven by diverse populations and higher disposable incomes.

How is the trend of home cooking affecting the UK Spices Market?

The trend of home cooking, especially post-COVID-19, has led to increased spice purchases as consumers experiment with new recipes and recreate restaurant-quality dishes at home.

What role does sustainability play in the UK Spices Market?

Sustainability is crucial, with growing consumer preference for organic and ethically sourced spices, prompting companies to invest in sustainable sourcing and eco-friendly packaging practices.

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I am very impressed with the information in this report. The author clearly did their research when they came up with this product and it has already given me a lot of ideas.

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