The global organic spices market is expected to exhibit a CAGR of 6.70% over the forecast period from 2020 to 2030, according to the latest research report from Market Research Future (MRFR). The global organic spices market is expected to rise to a total volume of 1126.3 million by 2030, according to the report.

The report highlights the global Market Growth development includes organic spices market revenue hike's growth potential by the end of the forecast years in 2030.

The global organic spices market is mainly driven by the growing demand for spices in Western countries and the increasing interest in organic cultivation of produce, including spices. Spices have been traditionally cultivated in Southeast Asia as well as Central America, with Europe and North America traditionally accounting for a tiny share in the global market. However, with the increased availability of spices overseas, the demand for organic spices has grown rapidly in Western countries. It is important to keep spices fresh during their transportation, as the whole essence of spices lies in them remaining fresh. The growing use of modern storage and refrigeration techniques has led to growing demand from the global organic spices market, as an increasing number of consumers in Western countries have shown a liking to spices.

While spices are not traditionally a major part of European and North American cuisine, the increasing popularity of Asian and Mexican cuisines in these regions is also responsible for the growing demand from the global organic spices market. Many Western consumers have also become avid home chefs in recent years, leading to a stable rise in the global organic spices market. The increasing interest among European and North American consumers in organic farming is also likely to be a major driver for the global organic spices market over the forecast period.

The growing demand for processed meat products and other convenience foods is likely to be a major driver for the global organic spices market, as spices are used in large quantities as a flavorant as well as preservative in these products.

Competitive Analysis:

Leading players in the global organic spices market include Organic Spices, Rapid Organic, Simply Organic, Yogi Botanicals Pvt. Ltd., The Spice Hunter Inc., Starwest Botanicals Inc., Live Organics Pvt. Ltd., Earthen Delight, SOAP, and Frontier Natural Products.

Regional Analysis:

The global organic spices market is dominated by Asia Pacific due to the robust spice production in Southeast Asian countries. Countries such as China, India, Vietnam, and Indonesia are among the leading the organic world spice market producers and are likely to retain their positions over the forecast period due to the longstanding traditions of spice cultivation in these countries. Spices grow best in tropical climates, leading to Southeast Asian countries emerging as the leaders in global spice production. Central American countries such as Guatemala are also major producers of organic spices.

Segmentation:

The global organic spices market is segmented on the basis of type, function, form, application, and region.

The global organic spices market is segmented on the basis of type into chili, turmeric, pepper, cumin, garlic, clove, ginger, nutmeg, cinnamon, and saffron. Garlic dominates the global organic spice market due to its widespread popularity and wide-ranging functionality. The garlic segment accounted for a share of more than 50% in the global organic spices market in 2016.

By function, the global organic spices market is segmented into flavor, color, and preservative. Flavor function dominates the global organic spices market, accounting for more than 75% of the global market in 2016, and is likely to remain the dominant segment over the forecast period as well.

By application, the global organic spices market is segmented into culinary, soups and noodles, snacks and convenience foods, meat and poultry products, and sauces and dips. Culinary application of organic spices is likely to dominate the global organic spices market over the forecast period.

By form, the global organic spices market is segmented into seeds, whole, crushed/chopped, ground/powdered, roots, flakes, and minced.

Industry Updates:

In March 2019, DNX Foods launched a new keto beef bar made from grass-fed beef. The product contains organic spices, which is a major USP for the organic-friendly consumer groups in Western countries.

In October 2018, FoodStory Brands introduced a new line of organic salsas under the Fresh Cravings brand into the retail market.

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