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Based on type, the market from the oregano segment held the dominant market share and will grow at 4.7% CAGR through 2032. Oregano is a staple of Mediterranean and Italian cuisine, fueled by its growing popularity due to the rise of home cooking and a growing interest in global flavors. Its dense, aromatic properties enhance a variety of dishes, from pizza to pasta to salad marinades.
Health conscious consumers are also supporting demand, as oregano is rich in antioxidants and has anti-inflammatory properties. The shift towards natural and organic products has further increased oreganos' appeal, as many people prefer it over artificial products. In addition, the rise of plant-based foods and the adoption of clean eating have helped increase the use of oregano, strengthening its position in the market.
Based on application, the North America seasoning market from the bakery and confectionery segment will record 3.8% CAGR till 2032. Bakers and confectioners are increasingly using uniquely flavored spices to create new and exciting products. Spices like cinnamon, nutmeg, and cardamom are popular choices, adding depth and complexity to bread, cakes, and cookies. This trend is being driven by an increasing consumer preference for savory and artisanal pastries, with consumers looking for unique flavors that elevate their culinary experiences, further increasing market demand. Offering limited seasonal spices, especially during the holiday season, also contributes to the increased use of unique spices in bakery and confectionery products.
U.S. seasoning market reached over USD 3.3 billion in 2023. The market is witnessing a significant increase in demand, especially from the U.S. A variety of factors contribute to this increase, including the rise of home cooking and a growing interest in global food, with Americans eager to try flavors. Spices like turmeric, cumin, and paprika smoked are becoming more popular. Health and wellness issues also play a critical role, with consumers looking for flavorings that offer health benefits and natural ingredients.
Organic and non-GMO seasonings are popular in clean-label products. In addition, the post-pandemic resurgence of restaurants has led to increased demand among chefs looking to update their menus. The introduction of seasonal products by leading companies rekindles market interest, driving the U.S. to a new high.