Organic Spices Market Size, Share 2022-2027 | Industry Top Companies, Demand, Growth and Forecast 1
Organic Spices Market Size 2022-2027
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 Market Overview

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.

Covid-19 Impact:

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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What is Organic spices ?

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.

What are the key factors driving the global organic spices market ?

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. 

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Organic Spices Market Report Scope

Report Coverage Details
Market size value in 2021 US$ 24.1 Billion
Market forecast in 2027 US$ 33.86 Billion
Growth Rate CAGR of 5.70% from 2022 to 2027
Base year for estimation 2021
Historical data 2016-2021
Forecast period 2022-2027
Report coverage Component, Type, Mounting type, Panel size, Location and Industry vertical.
Segments covered Product type, Form, Application and Distribution channel
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Key companies profiled 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.
Market Dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization preview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

 

Report Segmentation:

The report has been segmented the market into following categories:

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

By Geography:

  • 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. (NSE: KOHINOOR)
  •  McCormick & Company Inc. (NYSE: MKC)
  •  Organic Spices Inc.
  •  Pacific Spice Company Inc.
  •  Rapid Organic Pvt. Ltd.
  •  Rocky Mountain Spice Company
  •  Spice Chain Corporation
  •  Starwest Botanicals
  •  Watkins Incorporated.

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • 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.

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 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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