dried herbs – CRI Report

Global Dried Herbs Market Analysis and Forecast Report 2030

admin — Thu, 27 Jan 2022 08:47:29 +0000

Global Dried Herbs Market to surpass USD 9.82 billion by 2030 from USD 5.38 billion in 2020 at a CAGR of 5.6 % in the coming years, i.e., 2021-30. This growth is anticipated due increasing mergers and acquisitions across various sectors which will create a worldwide demand for Dried Herbs.

Product overview
Herbs are plants that have a wide range of uses and benefits in a variety of industries. Fresh herbs, on the other hand, are perishable and prone to bacteria and fungi. As a result, these herbs are dried to avoid causing harm to the flexible plants. Drying techniques such as air drying, microwave drying, and vacuum drying remove the water from fresh herbs, resulting in dried herbs. Many herbs taste better after being dried because the flavor is concentrated. Dried herbs have a wide range of uses in both the B2B and B2C markets. In the B2B market, dried herbs are widely used in food processing, cosmetics formulations, and medical remedies.

Market Highlights
Global Dried Herbs market is expected to project a notable CAGR of 5.6% in 2030.
The increasing demand for packaged foods and convenience foods, the longer shelf life of dried herbs, the disposable incomes of customers, the health benefits associated with dried herbs, and developments in the health food sector are all driving the growth of the dried herbs market.

Global Dried Herbs Market: Segments
Oregano segment to grow with the highest CAGR during 2020-30
Global Dried Herbs market is segmented by type into oregano, rosemary, sage, mint, thyme, and bay leaves. Oregano’s segment held the largest market share in the year 2020 due to its use as a food preservative in the food and beverage industry. It can also be used in dietary supplements because it is high in calcium, magnesium, vitamin B6, and iron. Furthermore, the growing use of oregano in healthcare, where it is used to treat headaches, arthritis, Alzheimer’s disease, and other ailments, is bolstering the growth of the segment.

Organic segment to grow with the highest CAGR during 2020-30
Global Dried Herbs market is divided by nature into organic and conventional. Over the forecast period, the organic segment is projected to expand at the fastest pace as a result of increased customer awareness regarding the negative effects of artificial flavors. Furthermore, organic dried herbs are widely used in shakes, herbal teas, and smoothies, which is expected to boost the segment’s development over the coming years.

B2B segment to grow with the highest CAGR during 2020-30
Global Dried Herbs market is segmented by end-use into B2B and B2C. B2B segment held the largest market share in the year 2020. During the forecast period, it is predicted to be the largest and fastest-growing market. Dried herbs are used in a variety of industries, including the food manufacturing, cosmetic, and healthcare industries, among others. The growth of the B2B segment is aided by these verticals.

Market Dynamics
Drivers
Medicinal Health Benefits of Dried Herbs and Surging Demand from End Users
The growing interest in packaged foods and convenience foods, the longer timeline of practical usability of dried herbs, and the dispensable income of consumers are some of the major drivers for the growth of the dried herbs market. Furthermore, the medicinal benefits of dried herbs, as well as advances in the health food industry, would boost demand for dried herbs during the forecast era.

Increased Demand for Packaged Foods and Longer Shelf Life
Furthermore, the cosmetics and pharmaceutical industries are providing opportunities to the dried herbs market to expand. Furthermore, dried herbs are used to describe a few therapeutic remedies due to their health benefits, which is driving up demand. In addition, the key consumer growth factor is increased demand for packaged foods and convenience foods, coupled with a longer shelf life of dried herbs.

Restraint
Competition from Local Manufacturers and High Costs Associated with Market
Competition from local manufacturers as well as high raw material and manufacturing costs are the market’s stumbling block.

Global Dried Herbs Market: Key players
Van Drunen Farms

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

Takasago International corporation
Synthite Industries Ltd
Cherry Valley Organics
The Kraft Heinz Company
Robertet SA
McCormick & Company
Firmenich S A
Pacific Botanicals
Other Prominent Players

Global Dried Herbs Market: Regions
Global Dried Herbs market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global Dried Herbs in Asia Pacific held the largest market share in the year 2020 because of the rising demand for delicacies food in the region and the growing production rate of dried herbs. Due to a strong distribution channel for the food and beverage industry, the North American region is expected to expand rapidly over the forecast period.

Global Dried Herbs Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Dried Herbs Market report also contains analysis on:
Dried Herbs Market Segments:
By Type
Oregano
Rosemary
Sage
Mint
Thyme
Bay Leaves
By Nature
Organic
Conventional
By End-Use
B2B
B2C
Dried Herbs Market Dynamics
Dried Herbs Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Dried Herbs Market Report Scope and Segmentation

Frequently Asked Questions
How big is the Dried Herbs market?
What is the Dried Herbs market growth?
Which segment accounted for the largest Dried Herbs market share?
Who are the key players in the Dried Herbs market?
What are the factors driving the Dried Herbs market?

The post Global Dried Herbs Market Analysis and Forecast Report 2030 first appeared on CRI Report.

Global Organic Herbs & Spices Market – Trends & Forecast, 2017-2023

admin — Fri, 17 Aug 2018 09:02:37 +0000

chemical, pesticide and are not genetically modified, spices are seeds, fruits, roots, barks, or other plant constituents mainly used for seasoning, coloring or stabilizing food.
The world demand for organically produced foods is growing rapidly in developed countries like Europe, U.S., Japan and Australia which is influencing higher demand for organic spices. Spices are essential part of foods and beverages. Consumers are preferring organic spices over ordinary spices as part of their healthy diet. Many convenience food manufacturing companies have started using organic spices in their food to provide value addition and to make product differentiation from their competitors. This factor is playing key role to drive sales of organic spices. Increasing consumer demand for healthy and organic foods is convincing more retailers to add organic food to their mix.
There is a huge demand for organic spices from food manufacturers due to changing food habits of consumers. In developed countries organic spices has become essential ingredient of healthy food. Many convenience food manufacturers are using organic spices as an ingredient to create product differentiation and to expand their product portfolio. Increase in disposable income in developing countries has created huge demand for food products made from organic spices as a natural flavoring agent.
Regional Analysis:
The Global Organic spices & herbs Market is segmented into North America, Europe, Asia Pacific, and Rest of the world. Asia-Pacific region is estimated to dominate the market with 76% in the year 2017 followed by North America with 9% share. India, China and Vietnam are major organic spice and herbs producers in the Asia-Pacific region. Presence of various agro-climatic zones and seasons support various organic spices and herbs production in this region. Guatemala and Mexico are major organic spices and herbs market in the North-American region. Strong potential of spices production and consumption favors organic spices and herbs market growth the most among the various regions in the world.

Segments:
Based on organic spice type, chillies market share was estimated to be at 50.42% in the organic spices and herbs market followed by Garlic ~42.7% and Ginger ~4.2% in the year 2017. Strong historical usage and recognition as household and basic essential for daily usage has supported increase in use of chilli, garlic and ginger globally. Among the organic herbs type, mint market share was estimated to be at 21.9% in the organic spices and herbs market followed by oregano ~11.4% and marjoram ~12.1% in the year 2017. Increasing demand of herbs for medicinal uses is driving the organic herbs market across globe. Based on organic spices and herbs application, culinary and meat and poultry products were estimated to hold a major share of about ~45.6% to the organic spices and herbs market with culinary application holding ~31.3% and meat and poultry products ~14.3% in the year 2017. Overall, there is huge demand for culinary purpose with increase in awareness of various benefits of spices/herbs and improved tendencies for various global foods and tastes.

Key Players:
The leading market players in the global organic spices & herbs market primarily are Organic Spices Inc.(U.S.), Frontier Natural Products Co-op (Norway), Rapid Organic Pvt Ltd (India), Earthen Delight (India), Yogi Botanical Pvt Ltd (India), The Spice Hunter, Inc. (U.S.) and Starwest Botanicals, Inc. (U.S.)

Target Audience:

Global organic spices & herbs manufacturers
Raw material suppliers
Retailers and wholesalers
E-commerce companies
Traders, importers and exporters

Key Findings:
• Asia Pacific region is expected to retain its dominance throughout the forecast period of 2017-2023. Among the Asia Pacific countries, Vietnam and Indonesia is projected to expand at a high pace in the upcoming decade.
• Spain and Ukraine are the attractive destination among the organic spices & herbs manufacturers in Europe

Regional and Country Analysis of Global Organic spices & herbs Market Development and Demand Forecast to 2023 Market
As per the MRFR analysis, the global organic spices & herbs market is expected to reach 3,687 kilo tons by 2023 at a CAGR of 3.72% during the forecasted period.

The reports also cover country level analysis:
o North America
• U.S.
• Canada
• Mexico
• Guatemala

o Europe
• Spain
• Ukraine
• Netherlands
• Romania
• Italy
• Rest of Europe
o Asia Pacific
• China
• India
• Indonesia
• Vietnam
• Rest of Asia-Pacific
o Rest of the World
• Middle-East
• Africa
• South America

1 Executive Summary 11
2 Introduction 12
2.1 Definition 12
2.2 Scope of the Study 12
2.2.1 Research Objective 12
2.2.2 Assumptions 12
2.2.3 Limitations 12
2.3 Market Structure 13
3 Research Methodology 15
3.1 Introduction 15
3.2 Primary Research 16
4 Secondary Research 17
5 Market Dynamics 18
5.1 Introduction 18
5.1.1 Drivers 18
5.1.1.1 Food Safety Acts and Standards 18
5.1.1.2 Increasing Demand for Organic Food and Beverages 19
5.1.1.3 Organic Farming Promotion from Government Authorities and NGOs 19
5.1.1.4 Rising Health Awareness 19
5.1.2 Restraints 19
5.1.2.1 Large Scale Production 19
5.1.2.2 Prices of Organic Spices 20
5.1.2.3 Organic Certification 20
5.1.3 Opportunities 20
5.1.3.1 Fair Trade Organization 20
5.1.3.2 Increasing Demand from Food Manufacturers 21
5.1.3.3 Growing Popularity of Ethnic and Exotic Foods 21
5.1.4 Challenges 21
5.1.4.1 Lack of Awareness about Organic Farming Practices 21
5.1.4.2 Changing Climate Conditions 21
5.1.4.3 Organic Farming Regulation 21
6 Market Trends 22
6.1 Trends in Supply/Production 22
6.2 Trends in Demand/Consumption 23
6.3 Emerging Markets (Supply & Demand) 24
6.4 Emerging Brands 24
6.5 Trade (Import-Export) Analysis 25
6.5.1 Export Analysis 25
6.5.2 Import Analysis 26
6.6 Innovations in Product/Process 28
6.7 Macroeconomic Indicator Analysis for Top 2 Organic Spices Market 28
6.7.1 PESTLE ANALYSIS-U.S. 28
6.7.2 PESTLE ANALYSIS-India 29
7 Market Factor Analysis 30
7.1 Introduction 30
7.2 Value Chain Analysis 30
7.3 Porter’s Five Forces 31
7.3.1 Threat of New Entrants 32
7.3.2 Threat of Substitutes 32
7.3.3 Buyer Power 32
7.3.4 Due to higher demand for organic and healthy foods, the organic spices market has high buyer power 32
7.3.5 Supplier Power 32
7.3.6 Backed by supplier market concentration in Asia Pacific unique supplier capabilities compare to non-organic spices producers, the organic spices market has high supplier power. 32
7.3.7 Intensity of Rivalry 32
7.4 Supply Chain Analysis 33
8 Global Organic Spices Market-By Type 34
9 Global Organic Spices Market-By Function 36
10 Global Organic Spices Market-By Form 37
11 Global Organic Spices Market-By Application 39
12 Global Organic Spices Market-By Region 41
12.1 North America Organic Spices Market 42
12.2 Europe Organic Spices Market 46
12.3 Asia Pacific Organic Spices Market 51
12.4 Rest of the World Organic Spices Market 56
13 Competitive Landscape 61
13.1 Introduction 61
13.2 Product Launch/Development 62
13.3 Business Expansion 62
13.4 Certification 63
13.5 R&D/Investment 63
14 Company Profiles 64
14.1 Organic Spices Inc. (U.S.) 64
14.1.1 Overview 64
14.1.2 Company Snapshot 64
14.1.3 Product Portfolio 64
14.1.4 Business Strategy 65
14.2 SOAP (Sapthsathi Organic Agriculture Project) (India) 65
14.2.1 Overview 65
14.2.2 Company Snapshot 66
14.2.3 Product Portfolio 66
14.2.4 Business Strategy 66
14.3 Frontier Natural Products Co-op (U.S) 67
14.3.1 Overview 67
14.3.2 Company Snapshot 67
14.3.3 Product Portfolio 68
14.3.4 Business Strategy 69
14.4 Rapid Organic 70
14.4.1 Overview 70
14.4.2 Company Snapshot 70
14.4.3 Product Portfolio 70
14.4.4 Business Strategy 71
14.5 Simply Organic 72
14.5.1 Overview 72
14.5.2 Company Snapshot 72
14.5.3 Product Portfolio 72
14.5.4 Business Strategy 72
14.6 Earthen Delight 73
14.6.1 Overview 73
14.6.2 Company Snapshot 73
14.6.3 Product portfolio 73
14.7 Yogi Botanicals 75
14.7.1 Overview 75
14.7.2 Company Snapshot 75
14.7.3 Product Portfolio 76
14.8 Live Organic Pvt Ltd 77
14.8.1 Overview 77
14.8.2 Company Snapshot 77
14.8.3 Product portfolio 78
14.9 The Spice Hunter, Inc. 79
14.9.1 Overview 79
14.9.2 Company Snapshot 79
14.9.3 Product Portfolio 79
14.10 Starwest Botanicals 80
14.10.1 Overview 80
14.10.2 Company Snapshot 80
14.10.3 Product Portfolio 81

The post Global Organic Herbs & Spices Market – Trends & Forecast, 2017-2023 first appeared on CRI Report.