Organic Spices Market Size By Distribution Channel, By Region and Analysis
Organic spices are made from natural sources, and they do not contain any fertilizer, pesticides, or any synthetic preservatives. Food manufactured with organic spices abides by a certain standard and follows certain guidelines ascertained by several official bodies (government or non-government) worldwide. A new report on the global organic spices market size, published by Market Research Future (MRFR), adumbrates that this market eye prosperity at 6.70% CAGR during the forecast period (2020-2030).
The most critical market driving factor for the global organic spices market growth is the increase in the versatile demand across various food segments and beverage segments. Convenience foods and beverages heavily depend on organic spices. Several convenience food manufacturing companies are adding organic spices in the food items they produce so that their products will appear different from the products manufactured by their competitors. Other global organic spices market driving factors that can progress the market growth include rising demand for natural flavoring agent, subsequent increasing production of organic spices, long-lasting aroma, and growing awareness for food safety. However, certain factors that can pull down the market growth include the expensive nature of organic spices and the possibility of change in the taste of food due to the distinctive flavors as well as aromas of organic spices.
Key Players
Big players in the global organic spices market are Earthen Delight Agro Products Pvt. Ltd. (India), Frontier Natural Products (Canada), Live Organics Pvt Ltd. (India), Organic Spices Inc. (USA), Rapid Organic Pvt. Ltd. (India), Simply Organic (Norway), The Spice Hunter Inc. (USA), Starwest Botanicals Inc. (USA), and Yogi Botanicals Pvt Ltd. (India & USA).
Market Segmentation
The global organic spices market segmentation encompasses application, form, function, and type. MRFR’s research on the market highlights many facets of the market in-depth.
The application-based segmentation of this market covers culinary, meat & poultry products, sauces & dips, snacks & convenience foods, soups & noodles, and others. Among these segments, the culinary application holds a significant market share as ingredients like chili, coriander, ginger, and others are used in manufacturing many food items. High consumer preference for these ingredients due to health benefits strengthen product penetration in the market.
By form, the market comprises crushed/chopped, flakes, ground/powder, minced, roots, seeds, whole, and others. By function, the market includes color, flavor, and preservative. Among these segments, the flavor segment is estimated to form an essential function base during the forecast period, and it holds the maximum market share.
By type, the market includes chili, cinnamon, clove, cumin, garlic, ginger, nutmeg, pepper, saffron, turmeric, and others. Due to use in daily lives, garlic segment holds 50% of the market share.
Regional Segmentation
A geographical outlining of the global organic spices market covers Asia Pacific, North America, Europe, and Rest of the World (RoW).
The Asia Pacific region has been estimated to dominate 50% of the global market during the forecast period, followed by North America. The biggest producers of spices in this region are China, India, and Vietnam. Many important market players of this region are based in India. Presence of various agro-climatic zones and changing of seasons throughout the year support the production of various organic spices in this region. Indonesia and Japan are two other significant markets in this region. An examination of the remaining countries in the Asia Pacific region featured in this report adds the extra market revenue from some other countries.
In North America, major markets are Guatemala and Mexico as the climate in these countries is suitable for the production of spices. Many important market players who invest in the production of spices are based in the USA with some operating in Canada too.
The market in Europe is planning to register significant growth during the forecast period due to the growing preference for natural food products. The expansion in the mainstream retail industry with supermarket chains can also drive market growth. Other factors that can make the European market strong are a high density of population and high disposable income. Countries that form the cream of the European market are France, Germany, Italy, and the UK. Other countries that are attractive markets in this region are the Netherlands, Romania, Spain, and Ukraine. Research on the remaining countries in Europe featured in this report calculates the strong addition to market revenue from various other countries in this region.
The RoW segment covers uncategorized regions and countries. Among those countries, the key markets are Argentina, Brazil, Egypt, and South Africa.
Latest Industry News
The Agricultural and Processed Food Products Export Development Authority (APEDA) is working with many state governments in India to devise a strategy that can boost the export of organic farm produce. 25 SEP 2019
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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