Organic Spice Market Competitive Analysis And Regional Assessment Report 2022-2028 With A CAGR Of 5.4%

Market Overview:
Organic Spice Market was valued at USD 306.39 million in 2021 and is expected to reach USD 442.75 million by the year 2028, at a CAGR of 5.4%.

Generally, organic spice is any seed, fruit, root, bark, or other plant material that is used to flavor or color food. Herbs, which are plant leaves, blossoms, or stems used as a flavoring or garnish, are distinguished from spices. India is the largest producer, consumer, and exporter of spices, organic spices are produced without using chemicals such as pesticides, or fertilizers it is totally grown with help of using natural or organic sources which is very helpful for the human body.

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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.

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Market Segmentation
Based on Type, turmeric segment is projected to dominates the market due to their numerous health benefits while adding in food and by their commercial application which helps the market growth in projected period.

Based on Form, powder segment is accounted the largest share in the market due to most convenient way of use while product preparation.

Based on Application, food and beverages segment accounted the largest share in the market. variety of product made in globally and spices are the important ingredient to complete particular food and beverages, thus gaining importance of organic spice in food and beverages is expected to growth of the market during forecast period.

Based on Distribution channels, offline channel include supermarket, convenience store and others are dominating the market due the easy availability of the product, attractive discount in the supermarket which helps to expected growth during forecast period.

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)
• 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)

Players Covered in Organic Spice market are:
• McCormick and Company - US
• Associated British foods - UK
• Kerry Group Plc - Ireland
• Olam International Limited - Singapore
• Ajinomoto Co. Inc - Japan
• Dohler Group - Germany
• Spice Chain Corporation
• SunOpta Inc.
• AKO GmbH
• The Watkins Co.
• UK Blending Ltd.
• Daarnhouwer and Co.
• Baria Pepper other major Players.

Key Industry Development
• In August 2012, Associated British Food Ingredients UK extended International Business by developing a new plant in Indiana, US. The new facility was aimed at extending the company's manufacturing capacity and capability for specialty food ingredients and additives.
• In 29th April 2021, Olm Food Ingredients accelerate its growth strategy with a transformative accession. OFI is purchasing leading US private label organic spices manufacturer Olde Thompson at an EV of US$950 million through its wholly owned subsidiary Olam Holdings Inc.

Table Of Content:
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Form
 3.3 By Application
Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing
Chapter 5: Organic Spice Market by Type
 5.1 Organic Spice Market Overview Snapshot and Growth Engine
 5.2 Organic Spice Market Overview
 5.3 Cumin
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Cumin: Grographic Segmentation
 5.4 Coriander
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Coriander: Grographic Segmentation
 5.5 Cloves
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Cloves: Grographic Segmentation
 5.6 Ginger
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Ginger: Grographic Segmentation
 5.7 Nutmeg
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size (2016-2028F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Nutmeg: Grographic Segmentation
 5.8 Other
  5.8.1 Introduction and Market Overview
  5.8.2 Historic and Forecasted Market Size (2016-2028F)
  5.8.3 Key Market Trends, Growth Factors and Opportunities
  5.8.4 Other: Geographic Segmentation
Continue….

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