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Organic Spices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Publisher IMARC Services Pvt. Ltd.
Published Feb 03, 2023
Length 145 Pages
SKU # IMRC17761214

Description

Organic Spices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global organic spices market size reached US$ 25.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 42.0 Billion by 2028, exhibiting a growth rate (CAGR) of 7.10% during 2023-2028.

Organic spices refer to naturally-sourced food ingredients that are free from chemical additives, such as artificial colors, flavorants, preservatives, etc. They are primarily prepared by processing aromatic seeds, dried fruits or vegetables, roots, and barks. Some of the widely available types of organic spices include turmeric, chilies, garlic, ginger, coriander, nutmeg, mace, etc. They are gaining popularity over conventional spices for producing clean-label food items, mitigating health risks, curbing food adulteration, supporting environmental sustainability, etc.

Organic Spices Market Trends:
The growing consumer concerns towards the presence of harmful chemical additives in conventional spices are primarily driving the global organic spices market. Furthermore, the high prevalence of numerous chronic ailments, including gastrointestinal disorders, CVDs, diabetes, etc., is also propelling the need for nutrient-rich and safe food ingredients. In addition to this, the escalating utilization of organic spices as natural preservatives to limit microbial growth and preserve the quality of meat and poultry products is further catalyzing the market growth. Moreover, the expanding fast-food sector along with the rising popularity of clean-label convenience food items, including bakery products, snacks, frozen goods, soups, etc., is also bolstering the demand for organically cultivated spices. Besides this, the emerging consumer awareness regarding various therapeutic benefits of organic spices in boosting immunity, reducing the risk of cancer, improving gastric ailments, etc., is acting as a signficant growth-inducing factor. Additionally, numerous initiatives undertaken by government organizations, such as the Food and Drug Administration (FDA) and the Food Safety Standards in India (FSSAI), to mitigate food adulteration and promote the adoption of organic manufacturing practices are creating a positive outlook for the global market. Moreover, several leading players are incorporating advanced technologies, such as steam treatment, for maintaining food quality, safety, and product standards, which is expected to drive the global organic spices market in the coming years.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global organic spices market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, form, application and distribution channel.

Breakup by Product Type:

Turmeric
Ginger
Clove
Pepper
Cinnamon
Nutmeg
Mustard Seeds
Others

Breakup by Form:

Powder
Whole
Chopped/Crushed

Breakup by Application:

Commercial
Household

Breakup by Distribution Channel:

Supermarkets/Hypermarkets
Convenience Stores
Online Stores

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AKO GmbH, Frontier Natural Products Co-op, Husarich GmbH, Kohinoor Foods Ltd., McCormick & Company Inc., Organic Spices Inc., Pacific Spice Company Inc., Rapid Organic Pvt. Ltd., Rocky Mountain Spice Company, Spice Chain Corporation, Starwest Botanicals and Watkins Incorporated.

Key Questions Answered in This Report

1. What was the size of the global organic spices market in 2022?
2. What is the expected growth rate of the global organic spices market during 2023-2028?
3. What has been the impact of COVID-19 on the global organic spices market?
4. What are the key factors driving the global organic spices market?
5. What is the breakup of the global organic spices market based on the product type?
6. What is the breakup of the global organic spices market based on the form?
7. What is the breakup of the global organic spices market based on the application?
8. What is the breakup of the global organic spices market based on the distribution channel?
9. What are the key regions in the global organic spices market?
10. Who are the key players/companies in the global organic spices market?

Table of Contents

145 Pages
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Organic Spices Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Turmeric
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Ginger
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Clove
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Pepper
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Cinnamon
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Nutmeg
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Mustard Seeds
6.7.1 Market Trends
6.7.2 Market Forecast
6.8 Others
6.8.1 Market Trends
6.8.2 Market Forecast
7 Market Breakup by Form
7.1 Powder
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Whole
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Chopped/Crushed
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application
8.1 Commercial
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Household
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Distribution Channel
9.1 Supermarkets/Hypermarkets
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Convenience Stores
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Online Stores
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 AKO GmbH
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Frontier Natural Products Co-op
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Husarich GmbH
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Kohinoor Foods Ltd.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.5 McCormick & Company Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Organic Spices Inc.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.7 Pacific Spice Company Inc.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Rapid Organic Pvt. Ltd.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Rocky Mountain Spice Company
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Spice Chain Corporation
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 Starwest Botanicals
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12 Watkins Incorporated
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio

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