Organic Spices Industry Projected to Grow at a CAGR over 6.37% by 2022

Global Market for Organic Spices has Witnessed continued Demand During the Last Few Years and is Projected to reach 9,134 kilo tons, at a CAGR of 6.37% from 2016 to 2022

Pune, India – September 29, 2017 /MarketersMedia/ —

Market Overview

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. Organic farming mechanism starts at grass root level conserving the generative and renewing capacity of the soil, plant nutrition, and soil management, yields nutritious food rich in vitality which has resistance to diseases. Food safety, flavors, medicinal properties and health benefits are driving the organic spices market. There is high demand for organic spices from countries like Europe, USA, Japan and Australia.

Based on organic spice function, flavor formed an essential function base for organic spices enabling it to gain maximum share which is estimated more than 75% 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.

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Competitive Analysis-

The major Key Players in Organic Spices Market are

Earthen Delight (India)
Salzhausl Himalaya Kristalllsaiz (Germany)
Alemad Herbs (Egypt)
Simply Organic (U.S)
Yogi Botanicals (India)
Organic Spices Inc. (U.S.)
SOAP (Sapthsathi Organic Agriculture Project) (India)
Frontier Natural Products Co-op (U.S)
Sun Impex (Netherland)
Live Organics Pvt Ltd (India)

Organic Spices market is dominated by key manufacturers. Many key manufacturers are focusing on R&D activities to increase production of organic spices at large scale efficiently.

Market Forecast

The global market for organic spices has witnessed continued demand during the last few years and is projected to reach 9,134 kilo tons by 2022, at a CAGR of 6.37% from 2016 to 2022. 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 2022

By Application analysis-

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

Regional Analysis

The Global Organic Spices Market is segmented into North America, Europe, 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 region. Strong potential of spices production and consumption favors organic spices market growth the most among the various regions in the world.

Study Objectives of Organic Spices Market:

Detailed analysis for individual micro and macro markets for organic spices
To estimate market size by type, by form by application and region
To understand the supply and demand dynamics of organic spices
To provide region level market analysis and future outlook for U.S., Europe, China, Japan, and South-East Asia
Company profiling of major players & competitive positioning for the organic spices market
Value chain analysis and supply chain analysis of organic spices
Analysis of historical market trends, and technologies, and current government regulatory requirements related to organic spices market
Market Segmentation-

Global Organic Spices Market is segmented by type, function, form, application and region.

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Source: MarketersMedia

Release ID: 241711