The global market for herbs and spices was valued at $21.99 billion in 2026 and is growing with a CAGR of 5.12% toward $28 billion in 2031. For private label brands the opportunity is even sharper: the private label segment for herbs and spices alone grows with a CAGR of 10.1% — and outpaces national brands in both volume and innovation. In the sauces category the picture is equally promising, with global sauces, dressings and condiments expected to reach $252 billion in 2031.
Are you a retailer, food brand or foodservice operator considering private label? Then this is the moment. This is what the data tells us.
Trend 1: Swicy Is Here to Stay — And Is Evolving
Sweet plus spicy is no longer novel. It is the new baseline.
'Swicy' products now appear on 10% of restaurant menus, with expected growth of at least 9%. The sweet-spicy combination has evolved from trend to standard — and in its second phase it becomes significantly more refined. Consumers no longer simply reach for hot honey;



