Organic Spices Market Overview:
The trends suggest that the Organic Spices Market Size was valued at $0.9 Billion in 2023 and is expected to reach $1.3 Billion by 2030 and will be registering a CAGR of 6.70%.
The global organic food and beverages market in the organic spices market is expected to be valued at US$1.3 billion by 2030. The rise in several health-conscious consumers and the increase in awareness regarding the health benefits associated with the consumption of organic spices are the two main factors driving the global organic food & beverages market. North America and Europe are the dominant regions in consuming different types of organic food products. It is attributable to a rise in per-capita income and continuous product evolution from the manufacturers’ side in these regions. Furthermore, some food manufacturers have focused on availing their food products in organic form due to the rise in preferences for organic products.
They are available in different forms as per consumer preferences, i.e., powder, granular, and liquid, further expected to drive the market growth. Some non-profit organizations such as IOFAM Organic International, Organic Trade Association, Soil Association, USDA, and National Organic Standard Board inspect the processing and production of organic food products in the global market.
Key Players:
Some key organic spices market players are as follows: HUSARICH GmbH,SPICE CHAIN CORPORATION,PACIFIC SPICE COMPANY, INC,RAMON SABATER, SAU (SABATER SPICES),ORGANIC SPICES INC,SUNOPTA INC.
Market Segmentations:
The Organic Spices Marke Overview has been segmented based on the following:
BY PRODUCT TYPE
· Organic ginger
· Organic turmeric
· Organic clove
· Organic pepper
· Organic cinnamon
· Organic nutmeg
· Organic mustard seeds
· Others
BY FORM
· Powder
· Granular
· Extract
· Raw
BY DISTRIBUTION CHANNEL
· Direct
· Indirect
BY REGION
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
ASEAN
Australia
New Zealand
Rest of Asia-Pacific
LAMEA
South Africa
Brazil
Argentina
Middle East
Rest of LAMEA
Regional Analysis:
The organic spices market is analysed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific region accounts for the highest organic spices market share. The Asian Pacific spices and seasonings market is expected to reach US$0.8 Billion by 2022. The rise in preference for different types of regional cuisines such as Chinese food and Thai food, in which spices are one of the key ingredients, boosts the propelling demand for various types of spices. Clove, pepper, ginger, nutmeg, and mustard seeds are emerging as some of the popular spices gaining traction in the region. Moreover, in the past couple of years, there has been a rise in demand for organic food products due to the growth in awareness regarding the health benefits of the food product among consumers.
Industry News:
In May 2021, Spicy Organic company announced the addition of 23 products to their online shop. This strategy will help the company expand its products reach consumers worldwide and enhance its overall revenue in the coming years. The changing consumer buying behavior and shift more towards the digital world led to support for the success of the company’s strategy.
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