According to the report, McCormick & Company Inc generated approximately 6.7 billion U.S. dollars in global net sales in 2022. Headquartered in Baltimore, Maryland, McCormick & Company Inc. manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to food retailers, food manufacturers and foodservice businesses.

McCormick reported $20.1B in Market Capitalization this March of 2025, considering the latest stock price and the number of outstanding shares.Data for McCormick | MKC - Market Capitalization including historical, tables and charts were last updated by Trading Economics this last March in 2025.

The oregano spice segment, which was worth USD 560 million in 2025, will be expanded at a compound annual growth rate (CAGR) of 6.3% in the next 10 years.

Attribute	Details
Projected Value by 2025	USD 560 Million
CAGR during the period 2025 to 2035	6.3%

Company Performance

Category	Top 3
Key Companies	McCormick, Spice Islands, Spice World
Market Share (%)	45%

Category	Next Top 5
Key Companies	Schwartz, Gourmet Garden, Frontier Co-op, Penzeys, Trader Joe’s
Market Share (%)	30%

Category	Emerging & Artisanal Brands
Key Companies	Various smaller and artisanal brands
Market Share (%)	25%

Market Concentration 2025

Concentration Level	High (Top 3 players)
Description	More than 50% of the market controlled by the top 3 players
Market Share (%)	More than 50%

Concentration Level	Medium (Top 10 players)
Description	Top 10 players hold a significant market share
Market Share (%)	75%

Concentration Level	Low (Emerging and Artisanal Brands)
Description	Smaller brands contributing to market diversity
Market Share (%)	25%

Key Highlights from the Forecast

Category	MNC Players
Market Share (%)	60%
Key Companies	McCormick & Co., Unilever (Spice division), Nestlé (Culinary division)

Category	Regional Players
Market Share (%)	25%
Key Companies	Schwartz (UK), Gourmet Garden (Australia), Meiji (Japan)

Category	Domestic Players
Market Share (%)	15%
Key Companies	Local brands in various countries, focusing on national distribution and niche markets

McCormick stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.

Africa Seasoning and Spices Market Analysis The Africa Seasoning and Spices Market is anticipated to witness a steady growth over the forecast period, with a CAGR of 3.78%. Valued at XX million in 2025, the market is projected to reach XX million by 2033. Key drivers of this growth include rising consumer demand for convenience foods, growing health consciousness, and increasing urbanization. Additionally, the market is driven by growing demand for natural and organic seasoning and spices, as well as increasing culinary exploration and experimentation among African consumers. Major trends in the Africa Seasoning and Spices Market include the emergence of innovative and exotic flavors, the growing preference for packaged and branded products, and the increasing adoption of sustainable packaging solutions. Market segments based on product type include salt and salt substitutes, herbs, and spices. Based on application, segments include bakery and confectionery, soup, meat and seafood, sauces, salads, dressings, savory snacks, and others. Prominent players in the market include Deli-Spices (Pty) Ltd, Natpro Spicenet (Pty) Ltd, and Givaudan, among others. Regional data show strong potential for growth in countries such as Nigeria, South Africa, Egypt, Kenya, and Ethiopia. Recent developments include: October 2021: Germany-based fragrances, care, flavorings, and nutrition manufacturer, Symrise AG entered a strategic partnership with Freddy Hirsch Nigeria, a leading manufacturer of spices, ingredients, and flavors. Together, Symrise AG and Freddy Hirsch Nigeria are focused on boosting food innovation and nutrition in West Africa. Under the new partnership, the companies will focus on developing, launching, and commercializing transformational food products: general seasoning, bouillon meat, snacks, and instant noodles. This innovative partnership will harness the flavor technology platform to deliver authentic regional and hyperlocal African flavors and ingredients., June 2021: MANE strengthened its partnership with Deli Spices by creating an improved range of dry marinades targeting the B2B retail market. The Deli Spices R&D Technologists collaborated with MANE Meat Centres of Excellence for both a functional and flavor perspective, utilizing market research results to capture local flavor trends. The range includes 15 lines for 'Classic, World Cuisine, Proudly African or Something Spicy' flavor profiles, with popular and exotic names like 'Sticky BBQ, Creamy Garlic & Herb, Peri Peri and Marrakesh' to make them more appealing to the consumer. They are supplied in a ready-pack form and only need to be mixed with water and oil to be used., January 2021: McCormick & Company Inc., a global leader in flavor, purchased 100% of the shares of FONA International, LLC and certain of its affiliates, a privately held company. FONA is a leading manufacturer of clean and natural flavors providing solutions for a diverse customer base across various applications for the food, beverage, and nutritional markets. McCormick & Company, which manufactures spices, seasoning mixes, and more for a large swath of the food industry, has worked feverishly in recent months to strengthen and diversify its business through strategic acquisitions.. Key drivers for this market are: Increasing Demand for Protein-Rich Food, Increasing Demand for Plant-Based and Organic Ingredients. Potential restraints include: Presence of Alternative Proteins. Notable trends are: Growing Popularity for Ethnic food.

The market is highly dynamic wherein the organized sector is ruled by a handful of big players, such as McCormick & Company, MDH Spices, and Everest Spices, while the unorganized market structure holds a significant market share. The market is estimated to reach USD 2.5 billion by the end of 2025 with a projected growth rate of 5.8% CAGR over the next ten years.

Attribute	Details
Projected Value by 2025	USD 2.5 billion
CAGR during the period 2025 to 2035	5.8%

Company Performance

Global Market Share, 2025	Industry Share %
Top 5 players: McCormick & Company, MDH Spices, Everest Spices, Badia Spices	35%
Smaller Regional Players and Small-Scale Producers: Schwartz, Catch Spices, Vietnamese local suppliers, Tanzanian small-scale farmers	50%
Emerging Market Players: Local African producers, Central and South American producers	15%

Global Mustard Sauces Market size valued at US$ 1.87 Billion in 2023, set to reach US$ 3.43 Billion by 2032 at a CAGR of about 6.2% from 2024 to 2032.

The global orange extract market was valued at USD 653.5 million in 2025 and is anticipated to grow at a steady CAGR of 5.5% during the forecast period from 2025 to 2035. This growth is driven by increasing consumer demand for natural flavors, clean-label products, and functional ingredients across various industries such as food and beverages, cosmetics, and pharmaceuticals.

Attributes	Values
Estimated Industry Size 2025	USD 653.5 million
Value-based CAGR (2025 to 2035)	5.5%

Company Performance

Global Market Share, 2025	Industry Share %
Top 3 (Citromax S.A.C.I., Lionel Hitchen (Essential Oils) Ltd., McCormick & Company, Inc.)	15%
Rest of Top 5 (Döhler GmbH, Southern Flavoring Company, Inc. and others)	20%
Emerging & Regional Brands (Bickford Flavors (USA), Shaanxi Guanjie Technology Co., Ltd., Takasago International Corporation (Japan), Firmenich SA)	10%

Tier-wise Company Classification, 2025

Tier	Tier 1
Market Share (%)	45%
Key Companies	(Citromax S.A.C.I., Lionel Hitchen (Essential Oils) Ltd., McCormick & Company, Inc.)

Tier	Tier 2
Market Share (%)	35%
Key Companies	Döhler GmbH, Southern Flavoring Company, Inc. and others)

Tier	Tier 3
Market Share (%)	20%
Key Companies	Regional and Local Players

The global spices and seasonings market is anticipated to grow from USD 21.94 billion in 2024 to USD 44.01 billion by 2037, exhibiting a CAGR of around 5.5% during the forecast period, between 2025 and 2037. Key industry players include Kerry Group plc, McCormick & Company, Inc., Everest Spices, among others.

[342 Pages Report] The dried spices market has reached a CAGR of 4.6% during the forecast period. The market is projected at US$ 5,763.5 million in 2022, and is likely to be valued at US$ 9,036.5 million by 2032.

Report Attribute	Details
Dried Spices Market Value (2022)	US$ 5,763.5 Million
Dried Spices Market Anticipated Value (2032)	US$ 9,036.5 Million
Dried Spices Market Projected Growth Rate (2032)	4.6%

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 4.6% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2016-2021
Forecast Period	2022-2032
Quantitative Units	Revenue in US$ million and CAGR from 2022-2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Product Type Distribution Channel End-Use Source Product Form Region
Regions Covered	North America Latin America Europe East Asia South Asia Oceania Middle East and Africa
Key Countries Profiled	USA Canada Brazil Argentina Germany UK France Spain Italy Nordics BENELUX Australia & New Zealand China India ASEAN GCC South Africa
Key Companies Profiled	DS Group The Kraft Heinz Company Ajinomoto Co. Inc. Knorr Foods Co., Ltd. Nestle S.A. McCormick & Company Bart Ingredients Company Ltd. Baria Pepper MDH Pvt. Ltd. Everest Spices company
Customization	Available Upon Request

Get the sample copy of Spices Seasonings Market Report 2025 (Global Edition) which includes data such as Market Size, Share, Growth, CAGR, Forecast, Revenue, list of Spices Seasonings Companies (AJINOMOTO, The Kraft Heinz Company, Baria Pepper, McCormick & Company, Everest and MDH, ARIAKE Japan, Dohler, DS Group, Unilever, Frontier Natural Products, William Foods, Others), Market Segmented by Type (Pepper, Cinnamon, Turmeric, Cumin, Ginger, Salt, Parsley and Coriande), by Application (Snacks & Junk Food, Poultry & Meat Products, Soups & Dressings, Confectionery Products, Beverages and Frozen Products, Dairy Products)

[Keywords] Market include Unilever, Private Label Foods, Grey Poupon Dijon, Stonewall Kitchen, Conagro Brands Inc.

[Keywords] Market include Litehouse Foods, WIBERG GmbH, McCormick, AVO-Werke August Beisse GmbH, Sazon Goya

The global condiments market, valued at $185.83 billion in 2025, is projected to experience robust growth, driven by several key factors. Rising disposable incomes, particularly in developing economies like India and China, are fueling increased consumer spending on convenient and flavorful food products. The burgeoning food service industry, encompassing restaurants, cafes, and quick-service establishments, significantly contributes to market demand. Furthermore, evolving consumer preferences towards healthier and more diverse flavor profiles are driving innovation within the condiments sector, leading to the introduction of organic, low-sodium, and gluten-free options. The growing popularity of ethnic cuisines and international flavors is also expanding the market, with consumers exploring a wider range of culinary experiences. Online retail channels are gaining traction, offering convenient access to a diverse range of condiments, further propelling market growth. However, certain challenges persist. Fluctuations in raw material prices, particularly for key ingredients like spices and oils, can impact profitability. Stringent regulations regarding food safety and labeling are also adding to operational complexities. Competition amongst established players like McCormick & Co., Unilever, and Nestle, alongside the emergence of smaller, niche brands, is intensifying. This necessitates continuous innovation and strategic marketing efforts to maintain market share. The projected CAGR of 4.36% indicates a steady growth trajectory through 2033, with significant potential for expansion in regions like APAC and other emerging markets. Market segmentation by product (table sauces, cooking ingredients, mustard, others) and distribution channel (offline, online) allows for targeted marketing and growth strategies. Understanding the competitive landscape and adapting to changing consumer preferences will be crucial for success in this dynamic market.

Explore the top spice companies dominating the global market with their quality products, significant market shares, and extensive distribution networks. Learn about renowned brands like McCormick, Olam International, Everest Spices, MDH Spices, and AJINOMOTO, as well as other notable players in the industry.

This statistic shows the brands of gravy and sauce mixes used most often in the United States in 2020. The data has been calculated by Statista based on the U.S. Census data and Simmons National Consumer Survey (NHCS). According to this statistic, 55.53 million Americans used Mccormick in 2020.

Coconut milk is derived from the white flesh of mature coconuts and is a rich source of essential nutrients, including lauric acid, potassium, and magnesium. It is available in various forms, including liquid, powder, and paste.Liquid: Liquid coconut milk is the most commonly used form and is found in cans, bottles, and tetra packs.Powder: Coconut milk powder is a dried form of coconut milk that is easy to store and transport.Paste: Coconut milk paste is a concentrated form of coconut milk that is used in cooking. Recent developments include: May 2022: According to McCormick & Company, Incorporated, a world leader in flavour, Maria Uber and Wesley Beckett have been selected the 87th and 88th recipients of the Charles Perry McCormick Scholarship, valued USD 40,000 over four years.. Notable trends are: Increasing preference for plant-based foods is driving the market growth.

[Keywords] Market include CaJohns Fiery Foods, General Mills, KC Masterpiece, PepsiCo, The Kraft Heinz

The global ground cinnamon market is experiencing robust growth, driven by increasing consumer demand for natural flavorings and health-conscious food choices. The market, currently valued at approximately $2.5 billion in 2025, is projected to expand at a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, reaching an estimated market value of $3.9 billion by 2033. This growth is fueled by several key factors. The rising popularity of cinnamon in various culinary applications, from traditional baking and desserts to savory dishes and beverages, significantly boosts market demand. Furthermore, the growing awareness of cinnamon's potential health benefits, such as its antioxidant and anti-inflammatory properties, contributes to its increased consumption. The food flavor application segment currently dominates the market, followed by the feed additive segment, which is also showing promising growth due to its use as a natural feed additive in livestock farming. Geographic segmentation reveals strong performance in North America and Europe, with Asia Pacific emerging as a significant growth region, driven by rising disposable incomes and changing dietary preferences in countries like China and India. While the market faces restraints such as price fluctuations of raw materials and potential supply chain disruptions, the overall market outlook remains positive, supported by continuous innovation in cinnamon product offerings and the expanding global food and beverage industry. The competitive landscape of the ground cinnamon market is characterized by a mix of large multinational corporations and smaller, regional players. Major players like McCormick and Gaban leverage their established distribution networks and brand recognition to maintain market share. However, smaller companies and regional producers are also gaining traction by focusing on niche markets, offering specialized cinnamon varieties, and emphasizing sustainable and ethically sourced products. Future market growth will likely be shaped by several factors, including technological advancements in processing and packaging, the development of new cinnamon-based products, and a growing emphasis on transparency and traceability within the supply chain. Companies are expected to focus on product innovation, expanding their product portfolios to meet diverse consumer preferences, and improving the sustainability of their sourcing practices to appeal to environmentally conscious consumers. The market's future trajectory will heavily depend on successfully adapting to evolving consumer demands and effectively addressing the challenges of maintaining supply chain stability and ingredient cost management. This in-depth report provides a comprehensive analysis of the global cinnamon ground market, valued at $2.5 billion in 2023, projecting robust growth to reach $3.2 billion by 2028. This report leverages extensive primary and secondary research, offering invaluable insights into market dynamics, key players, and future trends for businesses operating in or seeking to enter this lucrative sector. High-search-volume keywords like "cinnamon ground market size," "cinnamon powder industry trends," and "spice market analysis" are strategically integrated for improved search engine visibility.

[Keywords] Market include JB Hand & Sons Ltd, Marshalls, MOUNTAIN ROSE HERBS, Schwartz Spices, Badia