How Big is The Organic Spices Market:
IMARC Group, a leading market research company, has recently releases report titled “Organic Spices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The global organic spices market size reached US$ 25.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 42.0 Billion by 2028, exhibiting a growth rate (CAGR) of 7.10% during 2023-2028.
What is Organic Spices:
Organic spices are cultivated without synthetic fertilizers, pesticides, or genetically modified organisms (GMO). They are preferred by health-conscious consumers due to the absence of chemical residues. Additionally, they undergo stringent quality control process, including testing for harmful substances. They are characterized by vibrant colors, intense aromas and robust flavors, and have fine texture, size uniformity, and the absence of contaminants. Furthermore, they contribute to sustainable agriculture, which assists in reducing the overall environmental impact of farming.
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Organic Spices Market Trends and Drivers:
There is a rise in the awareness among individuals about the health benefits of organic spices. This, coupled with the increasing need for diverse and unique flavor profiles, represents one of the major factors driving the demand for different organic spices. Moreover, the thriving food and beverage (F&B) industry, along with the rising use of organic spices in restaurants, fast food outlets and cafes, is strengthening the market growth. Apart from this, governing agencies of several countries are encouraging farmers to switch to organic cultivation. They are consequently offering incentives and subsidies for organic farming, which is strengthening the market growth. Furthermore, the expansion of retail channels, especially online platforms, is making organic spices more accessible to consumers worldwide, which is propelling the market growth.
Who are The Key Players Operating in The Industry?
- 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
What is Included in Market Segmentation?
Breakup by Product Type:
- Turmeric
- Ginger
- Clove
- Pepper
- Cinnamon
- Nutmeg
- Mustard Seeds
- Others
Breakup by Form:
- Powder
- Whole
- Chopped/Crushed
Breakup by Application:
- Commercial
- Household
Breakup by Distribution Channel:
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Stores
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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