Global Tarragon Market 2019-2023
About this market
The growing demand for products containing multiple herbs is identified as one of the key trends that will gain traction in the market for the next four years. Multi-herb formulas benefits heart helps liver problems, digestion, and improves the immune function. Technavio’s analysts have predicted that the tarragon market will register a CAGR of over 9% by 2023.
The health benefits of tarragon
Tarragon is rich in anti-oxidants and prevents the growth of cancer cells. As a result, the consumption of tarragon helps to fight free radicals in the human body. The consumption of tarragon leaves boosts the content of potassium in the body as it is good for liver, human kidneys, and proper functioning of the heart.
Lack of awareness and scarcity of suppliers
There is a lack of awareness among consumers regarding the existence of tarragon and its health benefits. Also, the suppliers offering raw materials that manufacture tarragon products are less in number.
For the detailed list of factors that will drive and challenge the growth of the tarragon market during 2019-2023, view our report.
The market appears to be highly fragmented with the presence of many companies. Factors such as the growing demand for products containing multiple herbs and health benefits of tarragon, will provide considerable growth opportunities to tarragon market vendors. Alabama Essential Oil Company, DF World of Spices, Frontier Co-op, McCormick & Company are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Tarragon Market 2019-2023
Technavio recognizes the following companies as the key players in the global tarragon market: Alabama Essential Oil Company, DF World of Spices, Frontier Co-op, and McCormick & Company.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is rising popularity of products containing multiple herbs.”
According to the report, one driver influencing this market is the rising urbanization leading to the growth in organized retailing sector.
Further, the report states that one challenge affecting this market is the distribution challenges.
Alabama Essential Oil Company
DF World of Spices
McCormick & Company