Fresh Herbs Market Share | Top Key Players Update, Sales, Industry Penetration and Forecast to 2025
Research Reports
Jan 15, 2021
Market Overview
Fresh Herbs Market has witnessed continued growth over the last few years and is projected to grow by USD 1,183.2 Million from 2020 to 2025 at a CAGR of 3.9%. Fresh herbs are leafy greens that are used as flavoring agents for culinary purposes. They are also used to garnish dishes. Some common types of herbs include basil, chives, coriander, parsley, mint, and thyme. They are available as whole packed, cut packed, and potted. The global Fresh Herbs Industry is expected to grow at a notable pace during the forecast period. The growth can be attributed to the rising preference for packaged fresh herbs and the increasing popularity of cross-cultural cuisines.
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The rapid globalization has resulted in a rise in trade across the world, which has led to an increased exposure to several ethnic cuisines that is bringing a positive impact on the Fresh Herbs Industry. The growing investment in the sector is expediting trade across the world. Furthermore, the innovative ideas implemented by various players are boosting the Fresh Herbs Industry growth. For example, Ludan Fresh Supplies, a European startup, has its specialization in packing unwashed aromatic herbs in cardboard boxes. It manages the entire chain, which is benefitting the trade significantly. However, product handling, strict buyer requirements, and expensive air freight are expected to hamper the global market’s progress.
The future of the fresh herbs market seems bright, owing to the persistent rise in the trade expansion trajectory. The growing usage of social media and other online platforms to make consumers aware of fresh herbs’ benefits is projected to produce lucrative opportunities for industry expansion. The market is continually changing due to the rising partnerships among market companies and the growing imports and exports throughout the world. As various metabolic diseases and age-related disorders rise, fresh herbs are expected to increase in demand among the expanding population base. With time, we can expect to see more scientific evidence supporting herbs and spices’ advantages in health maintenance and protection from various chronic illnesses.
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