Market Overview:
The global organic spices and herbs market was reached to the USD 510.6 million with a CAGR of 7.78% by 2030 during the forecast period. India was the largest producer off spices and has the largest share in the market in the export of the spices in the leading manufacturers of spices and herbs seeds. The enhanced and modern horticulture practices and insertion of high yield various types of simple organic herbs and spices has supported the huge production of spices in India which result in high export. India produced various types of herbs and spices due to different agro-climatic conditions and soil types.
In terms of volume, there has been 92% growth of the Fennel. Other seeds such as mustard, aniseed and dill seed also grown by 83% in volume. In the covid 19 pandemic, due to lockdown restrictions there was a complete loss to the farmers which create a negative impact on them. During the forecast period, the Vietnam and Indonesia have high increase in the Organic Spices and Herbs Market Research because of the increase in the production of chilies and pepper. With the growth rate of 3.72%, the global organic spices and herbs market was grown with 3.687 kilo tons by 2023.
There are other countries also such as Vietnam, Spain, Indonesia, and Guatemala which challenge the spice nations on the global platform. In Kerala, the Manarcadu Social Service Society was working hard in improving the quality of the organic herbs. The MASS empowers the farmers in getting organic certification and in promoting them their products for export which includes coffee, spices herbs, and cocoa to European countries. In terms of volume and value, garlic has registered its maximum growth.
The companies are facing so many challenges globally but because of the strong supply chain they pass all the problems and hurdles. New products are coming every day, because of the increase in the demand of natural spices globally.
Regional Classification:
The global organic spices and herbs market was spread in the following regions – North America includes Mexico, US Canada; Europe includes Italy, Germany, UK, Spain France; Asia Pacific includes Japan, China, India, Australia New Zealand; Middle East and South America.
Top Players:
The keys involved in the global Organic Spices and Herbs Market Report Players are American companies, a firm from Norway, Rapid Organic Pvt Ltd an Indian organization, The Spice Hunter Inc. and Starwest Botanicals Inc.
Market Segmentation:
The global Organic Spices and Herbs Market on the basis of spices type, herbs type, form and application.
On the basis of spices type, the global organic spices and herbs market was divided into Cardamom, Chilies, Cloves, Garlic, Cinnamon, Ginger, Pepper, Turmeric, and Cumin.
On the basis of herbs type, the global organic spices and herbs market was divided into Kaffir Lime Leaves, Basil, Celery, Mint, Rosemary, Marjoram, Thyme, Parsley, Dill, Oregano, Bay Leaves and Sage.
On the basis of form, the global organic spices and herbs market was divided into Essential Oil, Whole, Crushed/ Chopped and Powder.
On the basis of application, the global organic spices and herbs market was divided into Herbal Medicines, Homes and Restaurants Health Segments.
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