Dried Herbs market expansion in the near future at a CAGR of 5.20% during the forecast period 2024 to 2032

Market Research Future (MRFR) has published on the “Global Dried herbs Market”.

Market Research Future (MRFR) has published a cooked research report on the “Global Dried Herbs Market” that contains information from 2019 to 2032. The dried herbs market is estimated to register a CAGR of 5.20% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global dried herbs market— McCormick & Company, DöhlerGroup, Pacific Botanicals, Mountain Rose Herbs, Van Drunen Farms, British Pepper and Spice Co Ltd, Synthite Industries Pvt. Ltd ., I.T.S, Cherry Valley Organics, Catz International B.V., The Spice House, Vardhaman Exotic Herbs & Spices, Euromaster, Sorich Organics Pvt. Ltd, Holyland Marketing Private Limited., HAMPS BIO PRIVATE LIMITED

Market Highlights

The global dried herbs market is accounted for to register a CAGR of 5.20% during the forecast period and is estimated to reach USD 6.1 billion by 2032.

The international dried herbs marketplace is characterized through a robust call for driven through the growing purchaser choice for herbal and natural substances in culinary and medicinal packages. Factors together with convenience, longer shelf life, and easy availability across various distribution channels have fueled the marketplace growth. Additionally, rising recognition concerning the health benefits associated with dried herbs, consisting of their antioxidant and anti-inflammatory homes, further propels marketplace growth. The marketplace is witnessing a fashion toward sustainable sourcing practices and progressive product services to cater to evolving patron alternatives. Moreover, the appearance of on-line retail systems has considerably augmented market accessibility, facilitating the procurement of dried herbs globally. As the culinary landscape continues to diversify and fitness-conscious client tendencies persist, the worldwide dried herbs market is poised for steady increase inside the foreseeable future.

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Segment Analysis

The global dried herbs market has been segmented based on product type, form, nature, drying method, and end-user.

On the basis of product type, the market is segmented into Oregano, Rosemary and Sage, Savoury, Bay Leaves, and Others. In 2023, the oregano segment dominated the market. With a growing emphasis on natural and organic ingredients in food products, consumers are increasingly turning to herbs like oregano as flavor enhancers. Oregano offers a natural way to add depth and complexity to dishes without the need for artificial flavorings or additives.

Based on form, the global dried herbs market has been segmented into Whole Herbs, and Powdered Herbs. In 2023, the powdered herbs category generated the most income. Powdered herbs are more readily available and accessible in the market compared to whole herbs. They are widely distributed in supermarkets, grocery stores, and online platforms, making them convenient for consumers to purchase whenever needed. This increased availability contributes to the higher income generated by the powdered herbs category in the dried herbs market.

Based on Nature includes Organic, and Conventional. In 2023, the organic generated the most income. There has been a significant shift in consumer preferences towards organic products due to rising awareness about the potential health and environmental benefits. Organic dried herbs are perceived as healthier alternatives to conventional ones, as they are produced without the use of synthetic pesticides, herbicides, or fertilizers. This increased consumer demand for organic products has driven the growth of the organic dried herbs market.

Based on Drying Method includes Air Drying, Vacuum Drying, and Microwave Drying. In 2023, the air drying category generated the most income. Air drying can be implemented easily by individuals at home or on a small scale, requiring only basic equipment such as drying racks or strings for hanging herbs.

Based on End-User includes Business to Business (B2B), and Business to Customer (B2C). In 2023, the business to business (B2B) category generated the most income. B2B transactions typically involve bulk purchases and wholesale transactions, which result in higher sales volumes and income generation compared to individual consumer purchases. Foodservice establishments and food manufacturers often purchase dried herbs in large quantities to meet their production needs, leading to increased revenue within the B2B segment.

Regional Analysis

The global dried herbs market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe dried herbs market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The dried herbs market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World dried herbs market comprises of Middle East, Africa, and Latin America.

The largest market share for dried herbs was maintained by the North American regional sector. The dried herbs marketplace is buoyed by means of a developing inclination closer to herbal and healthy meals selections. Consumers are increasingly incorporating dried herbs into their cooking to beautify flavor and vitamins. The location benefits from a properly-established delivery chain and distribution community, facilitating smooth admission to a wide type of dried herbs. Moreover, the rising reputation of ethnic cuisines, which often utilize an array of dried herbs, similarly drives market growth. Additionally, the superiority of health-conscious lifestyles and the call for organic and sustainably sourced products make contributions to the expansion of the dried herbs market in North America.

Moreover, the Europe market has been persistently growing over the forecast period. Europe represents a great market for dried herbs, characterized with the aid of a wealthy culinary historical past and a robust culture of natural remedies. The location's diverse gastronomic culture fosters a high call for dried herbs throughout numerous cuisines. Furthermore, the growing consumer attention regarding the fitness advantages of herbs and their applications in opportunity remedy fuels marketplace growth. European consumers are especially interested in organic and locally sourced dried herbs, using the marketplace for top rate-first-class merchandise. Additionally, stringent policies and great requirements ensure the protection and authenticity of dried herb products, instilling customer self-belief and further stimulating market growth.

Additionally, the Asia Pacific region is witnessing rapid growth in the dried herbs market, driven by a combination of factors such as changing dietary preferences, urbanization, and increasing disposable incomes. In countries like India and China, where traditional herbal medicine systems have deep roots, there is a growing demand for dried herbs for both culinary and medicinal purposes. Moreover, the region's rich biodiversity allows for the cultivation of a wide variety of herbs, fostering a flourishing supply chain. The burgeoning foodservice industry, coupled with the popularity of herbal teas and natural health supplements, further amplifies market opportunities in Asia Pacific.

Furthermore, the rest of the world's dried herbs market is divided into the Middle East, Africa, and Latin America. The relaxation of the arena represents a numerous panorama for the dried herbs market, encompassing areas with awesome culinary traditions and consumer alternatives. In regions together with the Middle East and Africa, in which fragrant herbs are indispensable to neighborhood cuisines, there may be a constant demand for dried herbs. Additionally, the developing fashion of global culinary fusion and growing awareness of natural treatments make a contribution to market boom in those areas. Furthermore, the expansion of global alternate and the emergence of e-trade systems have facilitated the accessibility of dried herbs to customers in these markets, using similarly marketplace growth.

Key Findings of the Study

• The global dried herbs market is expected to reach USD 6.1 billion by 2032, at a CAGR of 5.20% during the forecast period.


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  Asia Pacific region leads as the fastest-growing market for Dried Herbs Market due to the demand for dried herbs as key ingredients in culinary preparations.
  


• By product type, the oregano category dominated the market in 2023.


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  McCormick & Company, DöhlerGroup, Pacific Botanicals, Mountain Rose Herbs, Van Drunen Farms, British Pepper and Spice Co Ltd, Synthite Industries Pvt. Ltd ., I.T.S, Cherry Valley Organics, Catz International B.V., The Spice House, Vardhaman Exotic Herbs & Spices, Euromaster, Sorich Organics Pvt. Ltd, Holyland Marketing Private Limited., and HAMPS BIO PRIVATE LIMITED are the key market players