Global Organic Spices Market for has witnessed continued demand during the last few years and is projected to reach 5,981 kilo tons by 2024, at a CAGR of 4.89% from 2016 to 2024. Increase in versatile demand across various food and beverage segments particularly for convenience foods and beverages is likely to drive the global organic spices market. India being a major producer of spices boosts stronger potential for organic spices supply. Spice exports contribute to nation’s gross income considerably in countries like China, India, Africa and the Middle East. Organic spices are generally sold at premium spices and also in greater demand which can further enhance export revenues in major spice producing countries. The global market for organic spices has witnessed continued demand during the last few years and is projected to reach 5,981 kilo tons by 2024, at a CAGR of 4.89% from 2016 to 2024. Increase in versatile demand across various food and beverage segments particularly for convenience foods and beverages is likely to drive the global organic spices market during forecast period 2016 to 2024.
Major Key Players Analysis
The leading market players in the Global Organic Spices Industry primarily are Simply Organic, Earthen Delight, Organic Spices, Frontier Natural Products, Rapid Organic, SOAP, Yogi Botanicals Pvt Ltd, Live Organics Pvt Ltd, The Spice Hunter, Inc. And STARWEST botanicals Inc.
This report includes a study of strategies such as mergers and acquisitions, product launches by the major organic spices market players. It further includes product portfolios, developments of leading major players which includes
Based on organic spice function, flavor formed an essential function base for organic spices enabling it to gain maximum share in the year 2016 followed by color. Spices have been majorly used for flavoring or as a garnish since ancient times. The flavor of a spice is derived in part from compounds (volatile oils) from various parts of plants roots, seeds, bark and other plant parts. Based on organic spice form, whole form and powdered form held a major share in the organic spices market in the year 2016. Increase in demand for convenience products there is strong potential for powder form growth in the organic spices market. Crushed/chopped/flakes are emerging as new segment especially for bakery and pizza preparations
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Global Organic Spices Market is segmented into Europe, North America and Asia Pacific along with rest of the world (RoW). Asia-Pacific region is estimated to dominate the market in the year 2016 followed by North America. India, China and Vietnam are major organic spice producers in the Asia-Pacific region. Presence of various agro-climatic zones and seasons support various organic spices production in this region. Guatemala and Mexico are major organic spices market in the North-American and Central America region. Strong potential of spices production and consumption favors organic spices market growth the most among the various regions in the world.
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