World Organic Herbs & Spices Market to See Steady Modest Growth to 2023, Expects MRFR in Its In-Demand Report Available at MarketPublishers.com
26 Jan 2018 • by Natalie Aster
LONDON – Nowadays, the global demand for organically produced foods is gaining momentum at a swift pace, especially in developed countries like Japan, Australia and the US. Spices form a vital part of different foods and beverages. Consumers are giving preference to organic spices rather than to ordinary spices as a part of their healthy diet.
Constantly rising consumer demand for heathy and organic foods is encouraging more manufacturers active in the food & beverage industry to add organic products to their portfolio. Thus, many convenience food producing companies have started to add organic spices to their food items to provide value addition and also differentiate their product portfolio to gain a competitive edge over other market participants.
The world’s market for organic spices and herbs is predicted to go beyond USD 3.68 kilo tons by 2023, witnessing growth at a modest 3.72% during 2018-2023.
In 2017, the APAC region grabbed the biggest share (appr. 76%) of the overall organic spices and herbs market. China, India and Vietnam are the top producers in the region. High production of organic spices and herbs in the APAC region is attributed to the presence of different agro-climatic zones and seasons.
Amidst various types, chillies accounted for a share of around 50.42% of the global organic spices and herbs market in 2017, follow by garlic with a 42.7% share and ginger with a 4.2% share.
The in-demand report “Global Organic Herbs & Spices Market – Trends & Forecast, 2017-2023” worked out by Market Research Future (MRFR) delves deep into the current scenario in the world’s market for organic herbs and spices as well as investigates the market performance and top trends across the key geographical markets. It grants access to the most up-to-date info on the market size, dynamics and the major growth impacting factors; describes the competitive landscape and includes a profound analysis of the key market segments (by types, functions, forms and applications) with details on their shares and growth rates, comprises supply and value chain analyses and Porter’s 5 forces analysis. In addition, a future outlook through to 2023 is at hand in this study.
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