Organic Spices and Herbs Market Size Was Valued at USD 272 Billion in 2022, and is Projected to Reach USD 368 Billion by 2030, Growing at a CAGR of 3.86% From 2023-2030.
The Organic Spices and Herbs Market encompasses the industry involved in the cultivation, processing, distribution, and sale of organic herbs and spices. Organic spices and herbs are produced without the use of synthetic pesticides, fertilizers, or genetically modified organisms (GMOs), adhering to organic farming standards and certification requirements.
The organic spices and herbs market have witnessed continuous growth in the historic and base period due to the high consumption of ethnic and exotic food. The demand for the organic spices and herbs market is estimated to increase more during the forecast period due to the influence of social media and the on-going trend for the consumption of exotic food.
Major Key Players Considered in the Market:
Organic Spices Inc,Frontier Natural Products Co-op,Rapid Organic Pvt Ltd,Yogi Botanicals Pvt Ltd,The Spice Hunter,Starwest Botanicals,UK Blending Ltd,The Watkins Co,Spice Chain Corporation and other major players.
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Market Dynamics:
Driver:
Previously, only regular spices were in demand, but as consumers' awareness of their health has increased, demand for organic spices has surged, driving the global market for organic spices to new heights. For the purpose of proving to their consumers that their organic spices are of the highest caliber, organic spice producers typically get a number of certifications. The market for organic spices grows as a result of boards and organizations encouraging farmers and non-governmental organizations to adopt organic farming. Exotic cuisines are growing more popular as a result of rising consumer demand for high-quality goods, which supports the usage of organic spices.
Opportunities:
Increasing the consumer’s awareness about healthy eating and shifting toward organic foods eating habits and also organic spices prevent the various disease, so this related research and development activities are used to grow the market into the forecast period are opportunities. Moreover, Government financial assistance, organic product campaigning, and government special schemes for organic cultivation will create opportunities for organic-based products and contribute to the growth of the spice market in the coming years. Furthermore, R&D activities for manufacturing the new organic-based product with organic spice flavor will help to create a lucrative market opportunity.
By Type
· Cumin
· Coriander
· Cloves
· Ginger
· Nutmeg
· Other
By Form
· Powder
· Granular
· Extract
· Raw
By Application
· Flavoring Agent
· Coloring Agent
· Preservatives
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Regional Insights
Asia Pacific is expected to continue a dominant share of the spices market during the forecast period. Asia Pacific region is also called as land of spices as it is the place of origin, production, consumption, and export of most of the spices and region accounted for 46.60% share of the market. Traditionally, spices have been main part of various Asian cuisines which is especially driving the growth of the spice market in this region.
· North America (U.S., Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
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· Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
· South America (Brazil, Argentina, Rest of SA)
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