Nutmeg Market Report 2025 (Global Edition)

Global Nutmeg Market Report 2025 Market Size Split by Form (Whole, Ground), by Products (Essential Oil, Extract, Capsules, Creams, Others), by Distribution Channel (Online, Offline)

Nutmeg Market Report Description

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Nutmeg Market Insights Video

Competitive Landscape of the Nutmeg Market

The competitive landscape of the nutmeg market is characterized by the presence of key global and regional players engaged in cultivation, processing, and distribution. Major companies focus on product quality, sustainability, and expanding their product portfolios to meet the rising demand for natural spices in the food and beverage industry. The market is moderately fragmented, with players competing on the basis of price, brand reputation, and distribution networks. Key strategies include partnerships, acquisitions, and investments in organic farming.

December 2021: Vancouver-based Camino Minerals is running three copper ventures in Peru - Maria Cecilia, Los Chapitos, and Plata Dorada that began. (Source: https://caminocorp.com/news/camino-closes-private-placement-of-2-0m-funding-for-discovery-drilling-at-the-maria-cecilia-copper-porphyry-complex-peru/) December 2021: The Vizcachitas site in central Chile is progressed by Los Andes Copper. The deposited copper-molybdenum porphyry is built 150 km northeast of Santiago (Source: https://losandescopper.com/news/2023/los-andes-copper-announces-positive-pfs-for-vizcachitas-with-a-us-2.77-billion-post-tax-npv-and-24-irr/)

Top Companies Market Share in Nutmeg Industry: (In no particular order of Rank)

• Olam International
• Mccormick & Company
• P. C. Kannan & Co.
• Eastmade Spices & Herbs Private Limited
• Shyam Dhani Industries Private Limited
• Sri Dhanalakshmi Industries
• Nature & Nurture Healthcare Private Limited
• Aayurmed Organic Herbals LLP
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Nutmeg Market

Which Region Dominates the Nutmeg Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to the region's strong demand for natural flavorings and spices in the food and beverage industry. North America's emphasis on organic and clean-label products has led to increased utilization of Nutmeg, particularly in processed foods, beverages, and bakery products. The region's well-established supply chain and consumer awareness about the health benefits of Nutmeg further contribute to its market dominance.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the market due to rising consumer preferences for traditional spices, increasing disposable incomes, and expanding food processing industries in countries like India and China. The region's rich culinary heritage, combined with a burgeoning middle class, is driving the demand for Nutmeg in various applications, including food, cosmetics, and pharmaceuticals. Additionally, the growing trend of using natural and organic ingredients in the region is further fueling the market's rapid expansion.

The current report Scope analyzes Nutmeg Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Nutmeg Market

According to Cognitive Market Research, the global market size was estimated at USD 2954.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1181.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.

• According to Cognitive Market Research, the U.S. had a major share in the nutmeg market with a market size of USD 932.47 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. There is a demand for natural flavorings and premium culinary products.
• The Canadian Nutmeg Market had a market share of USD 141.82 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Canada's increasing consumer preference for healthy and gourmet foods fuels rapid growth.
• The Mexico Nutmeg Market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 107.55 million in 2024.

Europe Nutmeg Market

According to Cognitive Market Research, the global Nutmeg market size was estimated at USD 2954.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 886.38 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.

• The United Kingdom Nutmeg Market had a market share of USD 148.91 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. In the UK, Nutmegsales witness an upswing due to increasing consumer demand for natural flavorings and spices in premium food products.
• The France Nutmeg Market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 81.55 million in 2024.
• According to Cognitive Market Research, the German nutmeg market size was valued at USD 175.50 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. In Germany, Nutmegsurged due to the rising trend in gourmet and organic culinary applications.
• The Italy Nutmeg Market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 76.23 million in 2024.
• The Russian Nutmeg Market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 137.39 million in 2024.
• The Spain Nutmeg market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 72.68 million in 2024
• The LuxembourgNutmeg market is projected to witness growth at a CAGR of 4.6%during the forecast period, with a market size of USD 27.48 million in 2024.
• The Portugal Nutmeg Market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 18.61 million in 2024.
• The GreeceNutmeg market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 10.64 million in 2024.
• Rest of Europe'sNutmeg market is projected to witness growth at a CAGR of 3.2%during the forecast period, with a market size of USD 137.39 million in 2024.

Asia Pacific Nutmeg Market

According to Cognitive Market Research, the global Nutmeg market size was estimated at USD 2954.6 Million, out of which Asia Pacific held the market share ofaround23% of the global revenue with a market size of USD 679.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Nutmeg Market size was valued at USD 305.80 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. Nutmegsurged in China due to increasing demand for natural flavorings and spice-based products in the food and beverage sectors.
• The Japan Nutmeg Market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 93.78 million in 2024.
• The Indian Nutmeg Market had a market share of USD 81.55 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. India's expanding culinary traditions and exports.
• The South Korean Nutmeg Market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 67.96 million in 2024.
• The Australian Nutmeg Market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 35.34 million in 2024.
• The South East Asia Nutmeg Market is projected to witness growth at a CAGR of 9.0%during the forecast period, with a market size of USD 46.89 million in 2024.
• The Rest of the Asia Pacific market is projected to witness growth at a CAGR of 7.8%during the forecast period, with a market size of USD 48.25 million in 2024.

South America Nutmeg Market

According to Cognitive Market Research, the global Nutmeg market size was estimated at USD 2954.6 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 147.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031..

• According to Cognitive Market Research, the Brazil Nutmeg market size was valued at USD 63.23 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Nutmegs flourished in Brazil due to expanding food and beverage sectors and increasing demand for natural flavorings.
• Argentina's Nutmeg market had a market share of USD 24.82 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. Argentina's rising consumer preference for spices and flavor enhancers.
• Colombia's Nutmeg market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 13.15 million in 2024.
• Peru Nutmeg market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 12.11 million in 2024.
• Chile's Nutmeg market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 10.64 million in 2024.
• The Rest of Latin America's Nutmeg market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 23.78 million in 2024.

Middle East and Africa Nutmeg Market

According to Cognitive Market Research, the global Nutmeg market size was estimated at USD 2954.6 Million, out of which the Middle East and Africa held the major market share of 2% of the global revenue with a market size of USD 59.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7%from 2024 to 2031..

• The GCC Countries Nutmeg market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 25.29 million in 2024. Nutmeg sales flourish due to rising consumer demand for natural spices and traditional cuisine.
• The Egypt Nutmeg market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 6.20 million in 2024.
• The South African nutmeg market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 9.34 million in 2024. Nutmeg sales flourishes in South Africa due to the growing food and beverage industry, which fuels rapid market expansion.
• The Turkey Nutmeg Market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 5.08 million in 2024.
• The Nigeria Nutmeg Market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 6.20 million in 2024.
• The Rest of MEA Nutmeg market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 6.97 million in 2024.

Nutmeg Market Analysis

Nutmeg Market Form Segment Analysis

According to Cognitive Market Research, Whole Form stands out as the dominant category over the projected period due to its longer shelf life and versatility in various culinary applications. Whole Nutmeg retains its essential oils and flavors better than ground nutmeg, making it a preferred choice for consumers who prioritize freshness and are willing to grind it themselves for optimal flavor. This form is particularly popular among professional chefs and gourmet enthusiasts.

Ground Form emerges as the fastest-growing category in the Nutmeg market. Ground nutmeg is widely used in households and by food manufacturers due to its ready-to-use nature, saving time and effort in the kitchen. The increasing demand for convenience foods and ready-to-use spices in the food and beverage industry significantly boosts the growth of the ground nutmeg segment. Additionally, ground nutmeg's application in various baked goods, desserts, and beverages further propels its market expansion.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Nutmeg Industry. Request a Free Sample PDF!

Nutmeg Market Products Segment Analysis

According to Cognitive Market Research, the dominant category is essential oil due to its widespread use in the food and beverage industry, aromatherapy, and cosmetics. Nutmeg essential oil is highly valued for its aromatic properties and therapeutic benefits, which include anti-inflammatory, analgesic, and digestive health effects.

The fastest-growing category in the Nutmeg market is Extract due to its concentrated flavor and potency, which is increasingly used in food processing, especially in baked goods, beverages, and sauces. The rising demand for clean-label products and natural ingredients in the food industry is propelling the growth of nutmeg extract.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Nutmeg Distribution Channel Segment Analysis

Nutmeg Market Distribution Channel Segment Analysis

According to Cognitive Market Research, the dominant category is online due to the rise of e-commerce platforms, and the convenience of online shopping has fueled this trend, making it easier for consumers to access a variety of nutmeg products from different regions. The ability to compare prices read reviews, and have products delivered directly to their doorstep has made online purchasing the preferred choice for many consumers.

The fastest-growing category in the Nutmeg market is offline due to the continued importance of traditional retail outlets, especially in developing regions. Consumers in these areas often prefer to purchase spices like Nutmeg from local markets, grocery stores, and specialty shops where they can physically inspect the quality of the products. Additionally, the offline segment benefits from impulse buying, which remains a significant driver of sales in physical stores.

• Online
• Offline

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Pratik Shirsath

Research Associate at Cognitive Market Research

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