The global organic spices market is being driven by the rising demand for natural and organic ingredients as they are being perceived as a healthier alternative to spices grown with the help of chemical fertilizers. As the name suggests, organic spices are made naturally without using pesticides, harmful chemicals, or any other fertilizer. They are being extensively used as flavouring agents, preservatives, colouring, and for their aromatic properties, which are contributing to the growth of the market. Various cuisines, such as Thai, Indian, and other Asian cuisines, make heavy use of these spices. Thus, due to the increasing popularity of such cuisines globally, the organic spices market is also witnessing a growth. However, the market growth might be restrained by the difference in trade regulations for imports between different countries.
Regionally, the Asia Pacific is the leading regional market for organic spices driven by the rising production and demand for organic spices within the region. India is one of the largest producers, exporters, and consumers of spices and produces a wide variety of spices. The inclusion of the spices within the traditional local cuisines is one of the major propellants of the market growth in the region, along with the rising trade of these spices to meet the rising demand of the product within the region and outside the Asia Pacific. In the coming years, the overall global organic spices market is expected to be catalysed by the expansion of its distribution channels, with such spices already easily available over major e-commerce platforms such as Amazon (NASDAQ: AMZN).
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The major players in the global organic spices market are Organic Spices Inc., Aryan International, The Watkins Co., Husarich GmbH, PAX Spices & Labs Inc., and UK Blending LTD., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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