Organic Spices Market Overview
The latest research study “Organic Spices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global organic spices market size reached US$ 24.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 33.86 Billion by 2027 exhibiting a growth rate (CAGR) of 5.70% during 2022-2027.
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What is Organic spices ?
Organic spices represent the naturally sourced food ingredients that are free from chemical additives, such as flavorants, artificial colors, preservatives, etc. They are mainly prepared by processing dried fruits or vegetables, aromatic seeds, roots, and barks. Some of the extensively available types of organic spices include chilies, garlic, ginger, turmeric, coriander, nutmeg, mace, etc.
They are gaining preference over traditional seasonings for mitigating health risks, producing clean-label food items, curbing food adulteration, and supporting environmental sustainability.
What are the key factors driving the global organic spices market ?
The escalating consumer concerns towards the presence of harmful chemical additives in conventional herbs are primarily driving the organic spices market. Besides this, the elevating prevalence of various chronic ailments, such as gastrointestinal disorders, CVDs, diabetes, etc., is further augmenting the market growth.
Moreover, the growing popularity of organic spices as natural preservatives to limit microbial growth and preserve the quality of meat and poultry products is also catalyzing the global market. Apart from this, the expanding fast-food sector and the emerging trend of clean-label convenience food items, including snacks, frozen goods, bakery products, soups, etc., are acting as significant growth-inducing factors.
Additionally, the several therapeutic benefits offered by these seasonings in boosting immunity, reducing the risk of cancer, improving gastric ailments, etc., are also stimulating the market growth. Furthermore, the introduction of innovative technologies, such as steam treatment, for maintaining food quality, safety, and product standards, is anticipated to propel the organic spices market over the forecasted period.
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Organic Spices Market Report Scope
Report Coverage
Details
Market size value in 2021
US$ 24.1 Billion
Market forecast in 2027
US$ 33.86 Billion
Growth Rate
CAGR of 5.70% from 2022 to 2027
Base year for estimation
2021
Historical data
2016-2021
Forecast period
2022-2027
Report coverage
Component, Type, Mounting type, Panel size, Location and Industry vertical.
Segments covered
Product type, Form, Application and Distribution channel
Regional scope
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Key companies profiled
AKO GmbH, Frontier Natural Products Co-op, Husarich GmbH, Kohinoor Foods Ltd., McCormick & Company Inc., Organic Spices Inc., Pacific Spice Company Inc., Rapid Organic Pvt. Ltd., Rocky Mountain Spice Company, Spice Chain Corporation, Starwest Botanicals and Watkins Incorporated.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization preview
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Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Product Type:
Breakup by Form:
Breakup by Application:
Breakup by Distribution Channel:
By Geography:
List of Major Key Players:
The major players in the market are
Key highlights of the report:
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