Increasing Demand of Natural Flavors Will Boost Organic Spices & Herbs Market Growth Globally

Global Organic Spices & Herbs Market – Overview

Increasing demand of natural flavoring agent is driving the market growth globally. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Organic Spices & Herbs Market Research Report- Forecast to 2023 that the organic spices & herbs market will demonstrate an exceptional CAGR % during the forecast period.

India is one of the largest producers of spices and also holds the major market share in spices export globally. Improved horticultural practices and inclusion of high yielding varieties of spices have supported high production of spices in India and thereby enabling higher exports. Spain and Turkey have 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.

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.

Latest Industry Updates

Dec 2017 Manarcadu Social Service Society located in Kerla, India launches organic, dry fruits brand related to fruits and juice. MASS was instrumental in empowering farmers to achieve organic certification and export their produce including spices & herbs, coffee and cocoa to Europe, keeping Fairtrade and organic standards.

Nov 2017  San Francisco Equity Partners’ Portfolio Company Red Monkey Foods Acquires San Francisco Salt Company. Red Monkey Foods is a leading provider of premium store brand organic spices & herbs and seasonings.

Jan 2016 IFC to invest in agri-commodity firm Olam to expand in India, Nigeria. Singapore-based commodities company Olam International Ltd is raising $175 million from International Finance Corp, the company has taken loan from World Bank, to finance its projects in India and Nigeria. The part of funding will be also used to upgrade organic spices and sugar facilities in Maharashtra and Kerla in India.

Sep 2017 Spices & Herbs export including organic spices & herbs in India rises 35% in first quarter of 2017. Garlic has registered the maximum growth in terms of volume and value. It contributed significantly to the overall exports during the period, rising more than 150 per cent in volume. Fennel registered a growth of 92 per cent in terms of volume. The exports of other seed spices such as mustard, aniseed and dill seed grew by 83 per cent in terms of volume.

Browse Full Report @ https://www.marketresearchfuture.com/reports/organic-spices-herbs-market-4175

Global Organic Spices & Herbs Market - Competitive Analysis

Due to complex certification process, the product launch in the organic spices & herbs market has been limited. During the period 2010-2016, two companies have launched their products with one product each by Frontier Natural Products and Starwest botanicals Inc. Major companies are investing into R&D in the organic spices & herbs market to sustain competitive advantage. Efforts have been taken to develop the necessary infrastructure for continued growth in the market. Among the major players in the market, Frontier Natural Products and Rapid Organic have invested considerably in the organic spices & herbs market.

The leading market players in the global organic spices and Herbs market primarily are Organic Spices Inc.(U.S.), 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.)  and Starwest Botanicals, Inc. (U.S.) among many others.

Global Organic Spices & Herbs Market – Segments

The global organic spices & herbs market has been divided into spices type, herbs type, form, application and region.

On The Basis Of Spices Type: Chilies, Garlic, Ginger, Turmeric, Cumin, Pepper, Cinnamon, Cloves, Cardamom and Others

On The Basis Of Herbs Type: Basil, Mint, Marjoram, Parsley, Oregano, Sage, Bay Leaves, Dill, Thyme, Rosemary, Celery, Kaffir lime leaves and others

On The Basis Of Form: Whole, Powder, Crushed/Chopped, Essential oil and others

On The Basis Of Application: Culinary, Meat &Poultry Products, Sauces & dips, Snacks & Convenience Foods, Soups & Noodles, Ready to Eat Meals, Beverages, Personal Care and other

 On The Basis Of Region: North America, Europe, Asia Pacific and ROW.

Global Organic Spices & Herbs Market -

Regional Analysis

In 2016, Asia-Pacific region is dominates the market in terms of volume and value followed by North America. India, China and Vietnam are major organic spice producers in the Asia-Pacific region. Presence of various agro-climatic zones and seasons support various organic spices & herbs production in this region. Guatemala and Mexico are major organic Spices & Herbs market in the American region. Strong potential of spices & herbs production and consumption favors organic spices & herbs market growth the most among the various regions in the world. India is the major producer, consumer and exporter of Spices & Herbs in the world. India has wide variety of spices & herbs due to different agro-climatic conditions and soil types. Hence, India remains prime focus for organic spices & herbs market due to huge potential for both supply and demand. Vietnam, Indonesia, Spain and China are among the other top emerging markets for organic Spices & Herbs.