Market Insights Consumer Food Sauces & Spices

Spices & Culinary Herbs - Australia

Australia

Revenue in the Salt & Other Spices market amounts to €0.64bn in 2024. The market is expected to grow annually by 5.08% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (€9,767m in 2024).
In relation to total population figures, per person revenues of €24.12 are generated in 2024.
In the Salt & Other Spices market, volume is expected to amount to 34.97m kg by 2029. The Salt & Other Spices market is expected to show a volume growth of 2.7% in 2025.
The average volume per person in the Salt & Other Spices market is expected to amount to 1.2kg in 2024.

Key regions: United Kingdom, Spain, Japan, India, South Korea

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Spices & Culinary Herbs Market in Australia is experiencing minimal growth, influenced by factors such as the increasing demand for natural and organic products, changing consumer preferences, and the rise of online shopping. This trend is expected to continue in the coming years due to the convenience and health benefits offered by spices and culinary herbs.

Customer preferences: The Spices & Culinary Herbs Market within the Sauces & Spices Market has seen a rise in demand for healthy and natural options, as consumers become more health-conscious. This trend is further fueled by the growing awareness of the benefits of incorporating herbs and spices in cooking. Additionally, the increasing popularity of global cuisines has led to a surge in demand for a diverse range of herbs and spices, catering to different cultural tastes and preferences.

Trends in the market: In Australia, the Spices & Culinary Herbs Market of the Sauces & Spices Market within The Food market is experiencing a surge in demand for organic and natural products. Consumers are increasingly prioritizing health and wellness, leading to a shift towards more natural and sustainable ingredients. This trend is expected to continue, with consumers becoming more conscious about the sourcing and production of spices and herbs. This could have significant implications for industry stakeholders, who may need to adapt their sourcing and production processes to meet the growing demand for organic and natural products. Additionally, there is a growing trend towards incorporating exotic and international flavors into traditional Australian cuisine, creating opportunities for new product development and expanding the market for spices and herbs.

Local special circumstances: In Australia, the Spices & Culinary Herbs Market within the Sauces & Spices Market of The Food market is heavily influenced by the country's diverse cultural heritage. The demand for exotic spices and herbs has increased due to the growing popularity of international cuisines. Additionally, the country's strict food safety regulations have prompted manufacturers to use locally sourced and organic ingredients, leading to a rise in the production of high-quality spices and herbs. The market is also impacted by the country's unique geography, with different regions producing a variety of indigenous spices and herbs.

Underlying macroeconomic factors: The Spices & Culinary Herbs Market of the Sauces & Spices Market within The Food market in Australia is heavily influenced by macroeconomic factors such as consumer spending habits, trade policies, and agricultural production. The country's stable economic growth, strong demand for natural and organic products, and favorable trade agreements with major spice-producing countries have contributed to the market's robust performance. Australia's growing multicultural population has also played a significant role in driving the demand for a diverse range of spices and herbs, as different ethnic cuisines become more popular in the country. Additionally, the government's initiatives to promote sustainable farming practices and support local producers have boosted the supply of high-quality spices and herbs, further fostering market growth.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.