Organic Spices and Herbs Market Significant Profits Estimated to be generated by 2023 with Prominent Players
Research Reports
Dec 29, 2020
Market Overview
Organic Spices and Herbs Spices are far more than being naturally cultivated produces (organically) i.e. without using chemical fertilizers & pesticides. In real terms, in addition to the natural cultivation, they are processed by combining futuristic technologies with safe processing methods, even to eradicate causative agents, perilous radiations & fungicides are avoided ensuring end to end food safety.
Spices and Herbs are widely used as medicines owing to their antimicrobial properties. Spices in the form of roots, fruits, barks, dried seeds or vegetative substances are exclusively used for flavoring, coloring or preserving food. Whereas, Herbs (parts of leafy green plants) are used for flavoring or garnishing. Apart from medicines, spices are additionally used for religious rituals and in the manufacturing of perfumes/ cosmetics or simply as a vegetable. For instance Turmeric roots, Onions & garlic are consumed as a vegetable as an antibiotic.
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Gauging & evaluating the potential of this market to upsurge in the years to come, Market Research Future has recently published a study report asserting that the global Organic Spices and Herbs Market will experience the production growth of 3,687 kilo tons by 2023 at 3.722% growth rate. Increasing demand of natural flavoring and coloring agents in food, medicinal properties and health benefits are driving the Organic Spices and Herbs market.
Increasing consumer preference for additional flavors in foods with medicinal properties is resulting in to augmenting the demand for herbs & spices. Growing awareness about the benefits of organic food coupled with the conceptualization of the fact that organic food is good for health is fuelling the market growth of the market. Changing food preferences and adoption of different continental food forms encouraging herbs & spices consumption in raw form further encourages demand for organic herbs & spices.
The trend of convenience products is driving the demand for powder form in the Organic Spices and Herbs market. Similarly, owing to the trend of fast food, segment crushed/ chopped/ flakes is picking up the momentum.
Competitive Analysis
Worldwide Organic Spices & Herbs Market appears to be fiercely competitive and diversified with the presence of numerous well-established players having international presence. These players are heavily investing to enhance the product quality and global expansion.
Market Segment
The Spice Market can be segmented in to 5 key dynamics for the convenience of the report and enhanced understanding;
By Spices Type: Comprises Chilies, Garlic, Ginger, Turmeric, Cumin, Pepper, Cinnamon, Cloves, Cardamom and others.
By Herbs Type: Basil, Mint, Marjoram, Parsley, Oregano, Sage, Bay Leaves, Dill, Thyme, Rosemary, Celery, Kaffir lime leaves and others.
By Form: Whole, Powder, Crushed/Chopped, Essential oil and others.
By Application : Meat &Poultry Products, Culinary, Sauces & dips, Soups & Noodles, Snacks & Convenience Foods, Beverages, Ready to Eat Meals, Personal Care and others.
By Regions: North America, Europe, APAC and Rest of the World.
Segment Essential oil by form will grow at higher rate of 4.11% during 2017-2023.
By Spices Type organic chili and garlic together held more than 78% of market share in the year 2017
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Regional Analysis
Asia Pacific region has the major market share followed by North America. Presence of various agro-climatic zones coupled with the favorable weather conditions expected to ensure the extended production, supporting the regional market to continue the dominance in upcoming years. Owing to the increasing production of chilies and pepper in Vietnam and Indonesia, these countries will witness higher growth in organic spices and herbs market during the forecast period (2017 to 2023).
Europe region witnesses increasing demand for high quality organic herbs. Spain and Ukraine are among the fastest growing countries in the region.
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