Global Medicinal Spices Market, by Product Type (Turmeric, Chili, Pepper, Cumin, Cinnamon, Other Product Types), by Form (Powder, Seeds, Flakes, Roots, Minced) and Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online Platforms, Convenience Stores) By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Medicinal Spices Market Overview

The global medicinal spices market is projected to reach a valuation of USD 2578 Mn by 2031 at a CAGR of 7.6%, from USD 1826 Mn in 2021.

Global Medicinal Spices Market, by Product Type (Turmeric, Chili, Pepper, Cumin, Cinnamon, Other Product Types), by Form (Powder, Seeds, Flakes, Roots, Minced), and Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online Platforms, Convenience Stores) which offers a holistic view of the global medicinal spices market through systematic segmentation that covers every aspect of this target market.

Different cultures worldwide have different traditional diets depending on food availability and geographical location. Several spices are used in cooking, which is also used for medicinal purposes. Spices that are most commonly used for medicinal purposes include ginger, turmeric, cinnamon, and cardamom. Using spices as a “potpourri” is not the only way to use them. These edible and medicinal spices have been used in cultural dishes and traditional medicine for years. Many cultures recognize medicinal spices, including India, China, Central America, and Africa. These spices are used to create dishes that are delicious as well as beneficial for health.

They can also be used in medicine to make a person feel better. Certain spices, such as cayenne pepper, and ginger, have been used for centuries to help with symptoms of nausea and vomiting. Today, spice is synonymous with flavor but can also have medicinal use. In some cases, the benefits from one herb or spice may result from a chemical compound found in it. Some spices have been shown to help ease digestive issues and even soothe common ailments such as headaches. But, certain individuals may still want to consult their doctor for more information about how these treatments might affect them personally. It is common knowledge that many cultures, including those in China and India, recognize the use of medicinal spices to provide relief from various ailments. The properties of these medicinal spices can vary depending on the type. For example, turmeric has been shown to have antioxidant and anti-inflammatory effects. Certain spices such as ginger root can help relieve headaches and nausea.

Spice can be specially selected, edible plant parts such as an herb, root, or bark. Fresh and dried spices are used for seasoning and flavor in cooking and medicine. Spices also contain essential oils and other chemical compounds that have medicinal properties.

Some spices can be used as medicines for ailments such as colds and flu. Several medicinal spices should be considered when looking for remedies to common ailments.

Global Medicinal Spices Market Revenue (US$ Mn), 2021–2031

Source: Prudour, 2021

Market Dynamics

Spices such as turmeric and ginger are known to soothe the stomach and throat, while others like cumin and black pepper can help deal with digestion and boost immunity. Cinnamon has long been associated with good health due to its anti-inflammatory properties. Cardamom helps reduce stress and anxiety by stimulating the brain. The most popular medicinal spices are turmeric, cinnamon, ginger, and cardamom. These spices are used in cooking or as medicines to cure various ailments. For example, turmeric is touted for its anti-inflammatory properties and has been shown to reduce in the development of Alzheimer’s disease. Cinnamon is a pain reliever and can help with diabetes control. Such factors are expected to boost the revenue growth of this industry in the coming years. Over the last decade, the consumption of medicinal spices has grown rapidly. In Western countries, the consumption of these ingredients is increasing at a rate that is 3x faster than other flavor categories. However, while this may sound promising, there are several issues with the medicinal spice market which have rendered it a negative outlook. For one, there is a lack of variety in these products and an overwhelming number of brands. In recent years, populations have been undergoing a significant longitudinal increase in the number of individuals that experience food intolerances and allergies. This increase in these sensitivities presents a problem for those using spices to enhance their dishes. Factors such as these may hamper this market’s revenue trajectory to a certain extent.

The Germans have used black pepper as a medicinal agent to treat stomach problems for over 1000 years. Arab physicians used pepper extracts as an antiseptic to treat skin conditions like leprosy. Pepper is also known to help relieve headaches by stimulating blood flow in the brain. It has even proven effective against cancer cells. It was found that capsaicin, which gives peppers their heat, actually kills off tumor cells. This may explain why chili peppers were traditionally eaten during certain religious ceremonies or rituals. Such factors create lucrative opportunities among this industry’s emerging key players. The increase in demand has caused the medicinal spices market to grow substantially. Factors such as an increased number of people with chronic illnesses, aging populations, and an interest in Eastern medicines have all contributed to this surge in popularity.

Segmentation of Global Medicinal Spices Market

based on – Product Type, Form, Distribution Channel, and Region

Based Product Type

• Turmeric
• Clove
• Pepper
• Cumin
• Cinnamon
• Other Product Types

By Form

• Powder
• Seeds
• Flakes
• Roots
• Minced

By Distribution Channel

• Supermarkets/Hypermarkets
• Specialty Stores
• Online Platforms
• Convenience Stores

Based on Regions:

• North America
• Europe
• Asia Pacific
• South America
• MEA

Competitive Landscapes:

This research report on the global medicinal spices market includes major company profiles such as –

• Frontier Natural Products Co-op
• McCormick & Company
• Watkins Incorporated
• Tony Chachere’s Creole Foods of Opelousas Inc.
• Tajín
• Badia Spices
• Mahashian Di Hatti Private Limited
• B&G Foods, among others.

For the Medicinal Spices Market research study, the following years have been considered to estimate the market size: