Dried herbs Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
Description
Dried herbs Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
The Global Dried Herbs Market size was worth USD 3.78 billion in 2023 and will expand at a 5.1% CAGR from 2024 to 2032, fueled by rising demand for natural ingredients. As consumers become more health-conscious, they increasingly seek natural and organic options for cooking and flavoring. Moreover, the growth of the food and beverage industry, including restaurants and packaged food manufacturers, further boosts the demand for dried herbs as essential flavor enhancers. This trend towards incorporating dried herbs into various culinary applications enhances taste and aligns with consumer preferences for healthier and more natural food choices.
The overall dried herbs industry is fragmented based on type, form, application, distribution channel, and region.
The basil segment accumulated USD 860 million in 2023 and will achieve a 6.2% CAGR through 2032, primarily driven by its widespread popularity and versatile culinary applications. Known for its distinct aroma and flavor, basil is a staple in various cuisines, particularly Italian and Mediterranean dishes. Its use in sauces, salads, and seasonings enhances the taste of many recipes, making it a favored choice among consumers and chefs alike. Besides, the increasing trend towards healthy cooking and natural ingredients drives the demand for dried basil, solidifying its dominant position in the market.
The food and beverages segment was valued at USD 1.93 billion in 2023 and will garner a 5.6% CAGR throughout 2024-2032, spurred by the increasing use of herbs for flavor enhancement and preservation. As consumers seek natural and flavorful alternatives to processed seasonings, dried herbs are gaining popularity in various culinary applications, including sauces, marinades, and ready-to-eat meals. Also, the growth of the food service industry, including restaurants and catering services, further propels the demand for dried herbs. This trend highlights the essential role of dried herbs in enhancing taste and quality in the food and beverages segment.
North America dried herbs industry held USD 1 billion in 2023 and will grow at a 5.3% CAGR, propelled by the region's strong demand for natural and organic ingredients in cooking. The increasing health consciousness among consumers drives the preference for dried herbs as a flavorful and healthy alternative to artificial additives. Additionally, the expansion of the food and beverage industry, including the rise of gourmet cooking and specialty food stores, further boosts the demand for dried herbs. This combination of factors positions North America as a significant contributor to the overall growth of the dried herbs market.
Table of Contents
200 Pages
- Report Content
- Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
- Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Key manufacturers
- 3.1.2 Distributors
- 3.1.3 Profit margins across the industry
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Market challenges
- 3.2.3 Market opportunity
- 3.2.3.1 New opportunities
- 3.2.3.2 Growth potential analysis
- 3.3 Raw material landscape
- 3.3.1 Manufacturing trends
- 3.3.2 Technology evolution
- 3.3.2.1 Sustainable manufacturing
- 3.3.2.1.1 Green practices
- 3.3.2.1.2 Decarbonization
- 3.3.3 Sustainability in raw materials
- 3.3.4 Pricing trends (USD/Ton), 2021 - 2032
- 3.3.4.1 North America
- 3.3.4.2 Europe
- 3.3.4.3 Asia Pacific
- 3.3.4.4 Latin America
- 3.3.4.5 Middle East & Africa
- 3.4 Regulations & market impact
- 3.5 Porter’s analysis
- 3.6 PESTEL analysis
- Chapter 4 Competitive Landscape, 2023
- 4.1 Company market share analysis
- 4.2 Competitive positioning matrix
- 4.3 Strategic outlook matrix
- Chapter 5 Market Size and Forecast, By Type, 2021-2032 (USD Million, Tons)
- 5.1 Key trends
- 5.2 Basil
- 5.3 Oregano
- 5.4 Rosemary
- 5.5 Thyme
- 5.6 Parsley
- 5.7 Mint
- 5.8 Bay Leaves
- 5.9 Chives
- 5.10 Coriander/Cilantro
- 5.11 Dill
- 5.12 Others
- Chapter 6 Market Size and Forecast, By Form, 2021-2032 (USD Million, Tons)
- 6.1 Key trends
- 6.2 Whole
- 6.3 Powdered
- 6.4 Crushed
- 6.5 Flakes
- 6.6 Minced
- Chapter 7 Market Size and Forecast, By Application, 2021-2032 (USD Million, Tons)
- 7.1 Key trends
- 7.2 Food and beverage
- 7.3 Personal care and cosmetics
- 7.4 Pharmaceuticals
- 7.5 Aromatherapy and essential oils
- 7.6 Animal feed
- 7.7 Others
- Chapter 8 Market Size and Forecast, By Distribution Channel, 2021-2032 (USD Million, Tons)
- 8.1 Key trends
- 8.2 Supermarkets and hypermarkets
- 8.3 Convenience stores
- 8.4 Specialty stores
- 8.5 Online retail
- 8.6 Direct sales
- 8.7 Others
- Chapter 9 Market Size and Forecast, By Region, 2021-2032 (USD Million, Tons)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Australia
- 9.4.6 Rest of Asia Pacific
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
- 9.6 MEA
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 South Africa
- 9.6.4 Rest of MEA
- Chapter 10 Company Profiles
- 10.1 Organic Herb Inc
- 10.2 British Pepper & Spice
- 10.3 Elite Spice
- 10.4 Euroma
- 10.5 Husarich GmbH
- 10.6 Kräuter Mix
- 10.7 McCormick & Company, Inc
- 10.8 Paulig
- 10.9 The Fuchs Group
- 10.10 U.S. Spice Mills
Pricing
Currency Rates
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