Worldwide Organic Spices and Herbs Market | CAGR of 3.72% Estimated during 2018-2023 | Key Players Profiles and Application Forecast

Market Overview:

Global organic spices and herbs market is expected to grow at the CAGR of 3.722%. Expansion of distribution channels and availability of different organic spices and herbs are driving the growth of market. Rising health awareness regarding organic food products is boosting demand of the high quality organic spices and herbs in all across the world. In 2017, APAC holds major market share followed by North America region in organic spices and herbs market as APAC has suitable climate condition and land for spices production across the world. Spain will witness higher market growth in Europe region for organic spices and herbs market during forecast period. Increasing demand of organic herbs for application supplements and personal care products is playing key role in market growth.

Spain spice exports have shown a decent growth during the period 2012-15. India and South Africa together held a share of 65% of total spices exports in the year 2011. In the year 2015, Turkey gained its export share to 11% from 7% in the year 2011. Improved horticultural practices and inclusion of high yielding varieties of spices has supported high production of spices in India and thereby enabling higher exports. Spain and Turkey has witnessed percentage increase of 79% and 26% in spice exports during the period 2011-2015. However, India remains volume wise highest exporter of spices globally.

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.

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 Regional Analysis:

Asia Pacific region is expected to maintain its dominant position in upcoming years due to the growing demand, and increasing adoption of innovative organic spices and herbs in varied application sectors. 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.

Major Key Players:

This report includes a study of strategies such as mergers and acquisitions, product launches by the major Organic Spices and Herbs Market players present in world. It further includes product portfolios, developments of leading major players which includes.

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

Target Audience:

• Organic Spices and Herbs Manufacturers
• Food and beverage Industry
• Agriculture Industry
• Pharmaceutical Industry
• E-commerce
• Retailers and wholesalers
• Traders, importers and exporters

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Key Findings:

• The Global Organic Spices and Herbs market is projected to reach 3,687 kilo tons by 2023 with growth rate of 3.722%
• Globally, essential oil form of organic spices and herbs will grow at higher rate of 4.11% during the forecast period
• Globally, organic chilli and garlic together holds more than 78% of market share in the year 2017