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Global Organic Spices Market is Expected to Grow at a CAGR of 5% in the Forecast Period of 2022-2027.

According to a new report by EMR titled, ‘Global Organic Spices Market Report and Forecast 2022-2027’, the global organic spices market attained a value of about USD 287 million in 2020. The industry is further expected to grow at a CAGR of 5% in the forecast period of 2022-2027 to reach a value of USD 384 million by 2026.

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).

Market Analysis by Product, Form, and Region:

  • The market, based on the product, is divided into turmeric, clove, ginger, pepper, cinnamon, nutmeg, mustard seeds, and others.
  • Based on form, the market can be divided into powder, granular, and extract, among others.
  • The regional markets for organic spices include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global organic spices market is being driven by the rising participation and expansion of the global and local players into this sector.
  • The increasing demand for long-lasting, convenient, and healthy food products is driving the growth of the market further.
  • The demand for nutritional and beneficial organic spices is expected to grow in the forecast period, which is projected to aid the market growth.
  • The rising awareness of the health benefits offered by some of the spices, such as turmeric and ginger, is likely to further propel the market forward in the coming years.

Key Offerings of the Report:

  • The EMR report gives an overview of the global organic spices market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for products, forms, and major regions of organic spices.
  • It assesses the regional price trends for the (2017-2021) and (2022-2027) periods.
  • The market report also analyses the trade data by covering the major importing and exporting countries.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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