Organic Spices and Herbs Market 2017 Key Growth Drivers, Challenges, Demand and Upcoming Trends

By , in PR PR Health on .

Pune, India — 11/14/2017 — Market Overview

The global market for organic spices and herbs has witnessed continued demand during the last few years and is projected to reach around 3,687 kilo tons by the year 2023, at a CAGR of 3.72% during the forecast period 2017 to 2023. Increase in versatile demand across various food and beverage segments particularly for convenience foods and beverages is likely to drive the global organic spices and herbs market.

Asia Pacific region is estimated to dominate the market with more than 75% of market share in the year 2017 due increasing production of organic spices in India, China and Vietnam since last few years. Guatemala and Mexico are major markets for organic spices and herbs in the North and Central American region. Strong potential for production as well as higher consumption favors organic spices and herbs market growth the most among these regions.

India is the major producer, consumer and exporter of herbs & spices in the world. India has wide variety of herbs & spices due to different agro-climatic conditions and soil types. Hence, India remains prime focus for organic herbs & spices market due to huge potential for both supply and demand. Vietnam, Indonesia, Spain and Guatemala are among the other top emerging markets for organic herbs & spices. The world demand for organic herbs & spices is growing rapidly especially in developed countries like Spain, U.S., Japan and Australia.

Increasing importance of herbs & spices for various flavors in foods and medicinal properties has resulted in higher demand for herbs & spices. On the other hand, rising awareness for food safety related to pesticide residues in herbs & spices and related health hazards has triggered higher demand or organic herbs & spices. Demand for organic foods has been slower due to reluctance among farmers to shift from traditional methods of farming to organic farming. Change in food trends and adoption of various international food forms encouraging herbs & spices consumption in raw form further encourages demand for organic herbs & spices.

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Competitive Analysis

The major key players in Global Organic Spices and Herbs Market are:

– Frontier Natural Products Co-op (Norway)
– Rapid Organic Pvt Ltd (India)
– Earthen Delight (India)
– Yogi Botanical Pvt Ltd (India)
– The Spice Hunter, Inc. (U.S.)
– Organic Spices Inc.(U.S.)
– Starwest Botanicals, Inc. (U.S.)

By Application Analysis

Increasing importance of herbs & spices for various flavors in foods and medicinal properties has resulted in higher demand for herbs & spices. On the other hand, rising awareness for food safety related to pesticide residues in herbs & spices and related health hazards has triggered higher demand or organic herbs & spices. Demand for organic foods has been slower due to reluctance among farmers to shift from traditional methods of farming to organic farming. Change in food trends and adoption of various international food forms encouraging herbs & spices consumption in raw form further encourages demand for organic herbs & spices.

Increasing consumer interest in healthy diet is directly proportional to the rising growth of dietary supplements products. Dietary supplements provide various vitamin, mineral, fatty acids and many more. The dietary supplements offer various health benefits by strengthening immune system and also provides prevention from cold & flu, migraine headaches, cholesterol, and arthritis.

Regional Analysis

Global Organic Spices and Herbs market is segmented into Europe, North America, Asia Pacific and Rest of the World (RoW). Among this Asia Pacific region has the major market share followed by North America. Asia Pacific region is expected to maintain its dominant position in upcoming years due to presence of various agro-climatic zones and seasons support various organic spices and herbs production in this region. Vietnam and Indonesia will witness higher growth in organic spices and herbs market during the forecast period (2017 to 2023) due to increasing production of chilies and pepper in these countries. Spain and Ukraine are one of the fastest growing countries in organic spices and herbs market in the Europe region as increasing demand for high quality organic herbs is playing key role in Europe region. Chili, Parsley, Mint and Marjoram are dominating the North America region due to increasing popularity of organic spices and herbs in developed countries especially in U.S. and Canada.

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Table of Contents:

1 Executive Summary

2 Introduction

3 Research Methodology

4 Secondary Research

5 Market Dynamics

6 Market Trends

7 Market Factor Analysis

8 Global Organic Spices and Herbs Market Overview

9 Global Organic Spices and Herbs Market- by Type

10 Global Organic Spices and Herbs Market- by Form

11   Global Organic Spices and Herbs Market- by Application

12 North America Organic Spices and Herbs Market-by Region

13 Europe Organic Spices and Herbs Market

14 Asia Pacific Organic Spices and Herbs Market

Continued….

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Brad Bennett

Brad Bennett

Brad grew up in a small town in northern Iowa. He studied chemistry in college, graduated, and married his wife one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children.
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