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Organic Spices and Herbs Market is expected to Reach USD 342.02 million by 2028| Global Share, Growth and Latest
Market Overview:Organic Spices and Herbs market was valued at USD 262.37 million in 2021 and is expected to reach USD 342.02 million by the year 2028, at a CAGR of 3.86%
Around the first century BC, an ancient surgeon named Susrutra brought herbs and spices to India. In Ayurvedic medicine, spices like cloves and cardamom were wrapped in betel-nut leaves and chewed after meals to promote saliva flow and aid digestion. Turmeric powder was also employed as an antioxidant. Today, we refer to it as a mouth refresher. in the earlier era. Herbs and Spices are valuable as gold, in that time India was the country to produce a higher amount of spices and herbs, There are natural flavors that incorporate basil, garlic, ginger, turmeric, cumin, cinnamon, pepper, clove, and cardamom are developed by using a natural cultivating process without the use of any chemicals. Spices are having antioxidant and antibacterial properties.
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Market Dynamics:
Driver:
In the world, Asia pacific region is the dominating region in the world that is holding nearly about 75% share of the organic spices and herb market due to the high production of spices and herbs in India, China, and Vietnam, in recent few years, India is the higher producer, consumer, and exporter of herbs and spices, now an increasing demand for organic spices from developed countries like the US, America, Australia, japan etc.
Opportunities:
Excessive use of chemicals and additives are rising rapidly into the world and that causes the Diseases in the human body. Nowadays people are aware of the harmful impact of synthetic additives and they are shifting towards natural food and food products which contains natural herbs and spices. Increasing research related to the organic spices and herbs the government are also taking various initiatives regarding shifting of population from synthetic to organic in the future there is more demand for organic herbs and spices all over the world.
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Market Segmentation
By Product Type
• Culinary
• Meat & Poultry
• Sauces & Dips
• Snacks & Convenience Foods
• Others
By Application
• Chilies
• Garlic
• Turmeric
• Pepper
• Cumin
• Cloves
• Others
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Regional Insights:
The organic Spices and Herbs market is growing with the emergence of advanced and virtual technology. Asia-Pacific holds the biggest share for the market share of 75.45% as India and China are the biggest producers of organic spices and herbs market.
India is a hub for spices like turmeric, fennel seeds, ginger, garlic, mustard seeds, mace, star anise, tamarind, fenugreek, bay leaves, and so on
APAC is expected to maintain its dominant position in the forecast period due to the presence of many major industries and due to the seasonal support of a variety of organic spices and herbs. Vietnam and Indonesia will see further growth of the organic spices and herbs market in the upcoming years due to the high demand for organic spices, especially the hiked demand for pepper and chilies in the year 2028.
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
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.
Salient Features of the Organic Spices and Herbs Market
Organic Spices and Herbs market was valued at USD 262.37 million in 2021 and is expected to reach USD 342.02 million by the year 2028, at a CAGR of 3.86%
• The market for Organic Spices and Herbs has been expected to reach 3478 kilotons in the year 2023 with a CAGR of 3.86%.
• In the form segment, the essential oil is estimated to grow at a CAGR of 3.87% with the second largest market share of the Organic Spices and Herbs market.
• Europe holds the second largest market size for the Organic Spices and Herbs market with the high presence of the food industry and highest consumers in the United States. The increased need of using herbal and organic products for skincare has purged the organic Spices and Herbs market growth through the pharmaceutical and cosmetics industry as well.
What can be explored with the Organic Spices and Herbs Market Study?
1. Gain Market Understanding
2. Identify Growth Opportunities
3. Analyze and Measure the Global Organic Spices and Herbs Market by Identifying Investment across various Industry Verticals
4. Understand the Trends that will drive Future Changes in Organic Spices and Herbs
5. Understand the Competitive Scenario
o Track Right Markets
o Identify the Right Verticals
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