November 29, 2021
According to the research report titled, ‘Global Organic Spices Market 2019-2028,’ available with MarketStudyReport, global organic spices market is anticipated to register a CAGR of 9.26% over 2019-2028.
Rising inclination towards consuming spicy food products, escalating demand for organic products, and increasing consumption of processed food are propelling the growth of global organic spices market. In addition, surging demand for clean-labeled food products and rising internet penetration worldwide are aiding industry progression as well.
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On the contrary, high cost associated with organic food products, low product penetration in untapped regions, and rising concerns over adulteration of these products are impeding market progression.
By distribution channel, the industry is split into direct and indirect, whereas, bifurcation on the basis of form includes powder, granular, raw, and extract. In terms of product type, the market is classified into turmeric, ginger, pepper, clove, mustard, cinnamon, nutmeg, and others.
Regionally speaking, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa are considered to understand the dynamics of global organic spices market. Among these, Asia Pacific, led by China and India, presently holds a major share in the overall market.
This can be ascribed to the favorable climatic conditions for spice production, strong demand for organic variety, and increasing export activities to nations like Germany, the U.S., the U.K., and UAE to meet growing consumer requirements.
Goya Foods Inc., Live Organics Private Limited, Frontier Natural Products Co-op, Bart Ingredients Company Ltd., Olam International Ltd., UK Blending Ltd., Watkins Incorporated, SunOpta Inc., Spice Chain Corporation, Ramon Sabater S.A.U, Pacific Spice Company Inc., Organic Spices Inc., Husarich GmbH, Daarnhiuwer & Co. B.V., and AKO GmbH are the leading players defining the competitive arena of global organic spices market.