Global Dried Herbs Market is expected to be worth $5.19 billion by 2023. During the forecast period, the market is expected to grow at a CAGR of 6.1%, reaching a value of US$ 7.86 billion by 2030.Dried Herbs Market Overview:
Dried herbs are food constituents administered to extend their shelf life and decrease the prospect of contamination decomposition. Fresh herbs are dried using specific methods based on the needs of the ingredient and the consumer to reduce moisture content. Herbs are shrubberies with a wide range of uses and assistances in various industrial submissions. On the other hand, fresh herbs are preserved and more susceptible to bacteria and fungus. As a result, these herbs are dried to shelter the versatile plants. Dried herbs are bent by removing the water from fresh herbs consuming drying techniques such as air drying, microwave drying, and vacuum drying. Dried herbs are widely used in the B2B sector in food processing submissions. It includes cosmetic formulations and medical remedies, which will drive demand for market share during the forecast period.To know about the Research Methodology :- Request Free Sample ReportDried Herbs Market Dynamics:
One of the major factors driving the growth of the dried herbs market is the increase in response to processed foods and convenience foods around the world. The increasing consumer inclination for traditional medicines, which have scarcer side effects than other types of remedies when taken for a longer period, as well as the amplified shelf life of herbs due to drying dispensation, are fuelling the market growth. Consumers are currently obligated to choose ready to eat meals or other ready-to-eat food substances due to the difficult work culture and busy existence. Customers can appreciate tasty and flavorful foods that necessitate less time to prepare with the help of dried herbs. The cumulative demand for processed foods such as snacks, pickles, beverages, and others has stemmed from an increase in demand for market share due to the enriched flavour of these dried herbs. Dried herbs are gladly obtainable in a variety of retail formats which is another major factor for fuelling the growth of the market. Lower cost fresh herbal substitutes are expected to hamper the market growth. Herbs that gradually reinstate the proper function of the body and upsurge health and vitality are known as alternative medicines. As puzzling as this may sound, pharmacology does not fully understand their mode of action on the body. Their implausible value as medicines, on the other hand, cannot be excessive. These alternatives of herbs are restraining the growth of the market. Rising Demand for Natural Flavorings Provides a Significant Opportunity for the market. Hotels and restaurants, as well as the food processing industry, have continued reliant on synthetic ingredients to flavour their assistances. Inducing diverse aromas and colours in food products increases their consumer appeal, and hotels and restaurants frequently use these artificial flavours to improve their offerings. However, as consumer awareness of organic and clean label products has grown, food companies have been forced to remove harmful synthetic ingredients from their products and replace them with natural substitutes. The growing clean label and organic trends are having a noteworthy impact on a variety of industries in the food and beverage sector which is creating a lucrative growth opportunity for the market.Dried Herbs Market Segment Analysis:
By Form, the market is segmented into Whole Herbs and Powdered Herbs. The Whole Herbs segment is expected to hold 62.5% of the overall market share in terms of revenue by 2030. The Whole herb, either dried and summarised or handled are preserved in alcohol or another solvent. Many cultures have used whole herbs for hundreds of years because they encompass all of the plant's constituents. The use of whole herbs was the substance of modern medicine which is a major reason for driving the growth of the segment. By Nature, the market is segmented into Organic and Conventional. Organic is expected to hold 72% of the overall market share in terms of revenue by 2030. Because of the growing demand for organic products, organic herbs are possible to be the fastest-growing segment. According to Eurostat, organic agriculture accounts for 7.5% of total agricultural land in Europe. In Europe, the entire organic area endures growing. Organic land covered about 13.4 million hectares in 2018. Additionally, The World Counts assessments that global sales of organic food items have the fastest growth shortly. By Product Type, the market is segmented into Oregano, Rosemary, Sage, Savoury, Mint, Thyme and Bay Leaves. The Bay Leaves segment is expected to hold the highest market share in terms of revenue by 2030. Bay leaf is high in vitamin A, vitamin B6, and vitamin C. All of these vitamins are known to support and maintain a healthy immune system. Bay leaf tea can help appease upset stomachs. The tea is also very aromatic, which can aid in the relief of sinus compression or a stuffy nose. By End-User, the market is segmented into Business to Business (B2B) and Business to Customers (B2C). The Business to Business (B2B) segment is expected to hold the highest market share in terms of revenue by 2030. This segment includes Bakery, Snacks, Beverages, Pharmaceuticals, Seasoning & Sauces, Cosmetics & Personal Care industries to drive the overall dried herbs market in the forecast period. By Drying Method, the market is segmented into Air Drying, Vacuum Drying and Microwave Drying. The Air Drying segment is expected to hold the highest market share in terms of revenue by 2030. Air drying herbs is a good substitute for small amounts of tougher herbs like sage, oregano, rosemary, and bay leaves. This is most possibly the inexpensive and most well-organized method of drying herbs.Dried Herbs Market Regional Insights:
The European region accounted for the largest market share in 2023 for the market. Europe claims the world's largest food sector. This industry hires a considerable portion of the local population. Dried herbs are most frequently used in the food and beverage industries. Various types of dried herbs are imported into Europe from both developing and established countries. Poland and Germany are the biggest importers of bay leaves in Europe, rendering to data given by the CBI (Ministry of Foreign Affairs). In 2017, Germany and Poland accounted for around 36.3% of the European bay leaf market. However, the Asia Pacific region is expected to grow at a CAGR of 6.2% during the forecast period. Due to increasing manufacturing amenities, a developing pharmaceutical industry, and rising demand for processed foods, Asia-Pacific is expected to be the fastest-growing market for dried herbs. India and China are likely to drive the region's market growth. India has a flourishing Ayurveda medicine sector, which hires dried herbs in a variety of constructions. Pakistan and China are the two countries that consume the most Unani medicines, with China using more than 90% herbal medications. Furthermore, the market is likely to be driven by the region's rising organic market. According to FiBL, India has the world's highest number of organic producers in 2016 which is the major reason for fuelling the growth of the market. The objective of the report is to present a comprehensive analysis of the market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the market dynamics, structure by analyzing the market segments and projecting the market size. Clear representation of competitive analysis of key players by Technology, price, financial position, product portfolio, growth strategies, and regional presence in the market makes the report investor's guide.Dried Herbs Market Scope: Inquiry Before Buying
Global Dried Herbs Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 5.19 Bn. Forecast Period 2024 to 2030 CAGR: 6.1% Market Size in 2030: US $ 7.86 Bn. Segments Covered: by Form Whole Herbs Powdered Herbs by Nature Organic Conventional by Product Type Oregano Rosemary Sage Savoury Mint Thyme Bay Leaves by Drying Method Air Drying Vacuum Drying Microwave Drying by End-User Business to Business (B2B) Bakery Snacks Beverages Pharmaceuticals Seasoning & Sauces Cosmetics & Personal Care •Business to Customers (B2C) Dried Herbs Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)Dried Herbs Market, Key Players
1. The Kraft Heinz Company 2. McCormick & Company, Inc. 3. Robertet SA 4. Firmenich S A 5. Döhler GmbH 6. Pacific Botanicals 7. Mountain Rose Herbs 8. Van Drunen Farms 9. British Pepper & Spice company 10. Takasago International corporation 11. Archer Daniels Midland Company 12. Synthite Industries Ltd 13. International Taste Solutions Ltd 14. Cherry Valley Organics 15. Catz International B.V. Frequently Asked Questions: 1] What segments are covered in the Market report? Ans. The segments covered in the Market report are based on Nature, Form, Product Type, End-User and Drying Method. 2] Which region is expected to hold the highest share in the Market? Ans. The European region is expected to hold the highest share in the Market. 3] What is the market size of the Market by 2030? Ans. The market size of the Market is expected to be 7.86 Bn. by 2030. 4] What is the forecast period for the Market? Ans. The forecast period for the Market is 2024-2030. 5] What was the market size of the market in 2023? Ans. The market size of the market in 2023 was US$ 5.19 Bn.
1. Dried Herbs Market Size: Research Methodology 2. Dried Herbs Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Dried Herbs Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Dried Herbs Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Dried Herbs Market Size Segmentation 4.1. Dried Herbs Market Size, by Nature (2023-2030) • Organic • Conventional 4.2. Dried Herbs Market Size, by Form (2023-2030) • Whole Herbs • Powdered Herbs 4.3. Dried Herbs Market Size, by Product Type (2023-2030) • Oregano • Rosemary • Sage • Savoury • Mint • Thyme • Bay Leaves 4.4. Dried Herbs Market Size, by End-User (2023-2030) • Business to Business (B2B) • Business to Customers (B2C) 4.5. Dried Herbs Market Size, by Drying Method (2023-2030) • Air Drying • Vacuum Drying • Microwave Drying 5. North America Dried Herbs Market (2023-2030) 5.1. Dried Herbs Market Size, by Nature (2023-2030) • Organic • Conventional 5.2. Dried Herbs Market Size, by Form (2023-2030) • Whole Herbs • Powdered Herbs 5.3. Dried Herbs Market Size, by Product Type (2023-2030) • Oregano • Rosemary • Sage • Savoury • Mint • Thyme • Bay Leaves 5.4. Dried Herbs Market Size, by End-User (2023-2030) • Business to Business (B2B) • Business to Customers (B2C) 5.5. Dried Herbs Market Size, by Drying Method (2023-2030) • Air Drying • Vacuum Drying • Microwave Drying 5.6. North America Dried Herbs Market, by Country (2023-2030) • United States • Canada • Mexico 6. European Dried Herbs Market ((2023-2030) 6.1. European Dried Herbs Market, by Nature (2023-2030) 6.2. European Dried Herbs Market, by Form (2023-2030) 6.3. European Dried Herbs Market, by Product Type (2023-2030) 6.4. European Dried Herbs Market, by End-User (2023-2030) 6.5. European Dried Herbs Market, by Drying Method (2023-2030) 6.6. European Dried Herbs Market, by Country (2023-2030) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Dried Herbs Market ((2023-2030) 7.1. Asia Pacific Dried Herbs Market, by Nature (2023-2030) 7.2. Asia Pacific Dried Herbs Market, by Form (2023-2030) 7.3. Asia Pacific Dried Herbs Market, by Product Type (2023-2030) 7.4. Asia Pacific Dried Herbs Market, by End-User (2023-2030) 7.5. Asia Pacific Dried Herbs Market, by Drying Method (2023-2030) 7.6. Asia Pacific Dried Herbs Market, by Country (2023-2030) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Dried Herbs Market ((2023-2030) 8.1. The Middle East and Africa Dried Herbs Market, by Nature (2023-2030) 8.2. The Middle East and Africa Dried Herbs Market, by Form (2023-2030) 8.3. The Middle East and Africa Dried Herbs Market, by Product Type (2023-2030) 8.4. The Middle East and Africa Dried Herbs Market, by End-User (2023-2030) 8.5. The Middle East and Africa Dried Herbs Market, by Drying Method (2023-2030) 8.6. The Middle East and Africa Dried Herbs Market, by Country (2023-2030) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Dried Herbs Market ((2023-2030) 9.1. Latin America Dried Herbs Market, by Nature (2023-2030) 9.2. Latin America Dried Herbs Market, by Form (2023-2030) 9.3. Latin America Dried Herbs Market, by Product Type (2023-2030) 9.4. Latin America Dried Herbs Market, by End-User (2023-2030) 9.5. Latin America Dried Herbs Market, by Drying Method (2023-2030) 9.6. Latin America Dried Herbs Market, by Country (2023-2030) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. The Kraft Heinz Company 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. McCormick & Company, Inc. 10.3. Robertet SA 10.4. Firmenich S A 10.5. Döhler GmbH 10.6. Pacific Botanicals 10.7. Mountain Rose Herbs 10.8. Van Drunen Farms 10.9. British Pepper & Spice company 10.10. Takasago International corporation 10.11. Archer Daniels Midland Company 10.12. Synthite Industries Ltd 10.13. International Taste Solutions Ltd 10.14. Cherry Valley Organics 10.15. Catz International B.V.