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.
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.
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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Organic Spices Market Trends and Drivers:
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.
The report has been segmented the market into following categories:
Breakup by Product Type:
• Mustard Seeds
Breakup by Form:
Breakup by Application:
Breakup by Distribution Channel:
• Convenience Stores
• Online Stores
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
List of Major Key Players:
The major players in the market are
• 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
• Watkins Incorporated.
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