Organic Spice Market size was valued at US$ 34.63 Bn. in 2021 and the total revenue is expected to grow at 8.4% through 2021 to 2027, reaching nearly US$ 56.19 Bn.
Organic Spice Market Overview:The organic spice market was valued at USD 31.95 billion in 2020, and it is estimated to grow at a CAGR of over 8% between 2021 and 2027. Growing socioeconomic development, which improves product affordability for consumers, increased health awareness, and government actions to support organic food will all have a beneficial impact on market expansion. Furthermore, since the Covid-19, customers have understood that organic spices help to combat diseases and health problems by increasing immunity. Cumin, turmeric, garlic, ginger, and even saffron are all excellent spices for boosting immunity. Rising consumer awareness of the importance of eating a healthy diet will now be a major factor driving market share. To know about the Research Methodology :- Request Free Sample Report The COVID-19 epidemic has had an impact on the market's overall supply, distribution, and manufacturing of food products. The outbreak of covid-19 has caused governments around the world to enforce severe rules and a temporary closure of ports and business units, causing a disruption in raw material production and supply, as well as an increase in raw material costs. However, because food products were labelled an important commodity by governments, transportation and import/export restrictions on vital goods were eased, allowing organic spice to be more widely available. Furthermore, rising consumer concern about health as a result of rising COVID-19 instances is driving demand for organic and natural goods with immunity-boosting qualities, propelling the organic spice market statistics over the forecast period.
Organic Spice Market Dynamics:Previously, only normal spices were in demand; however, as consumers' health consciousness has grown, demand for organic spices has soared, propelling the worldwide organic spices market to new heights. Organic spice makers frequently obtain several certifications in order to demonstrate to their customers that their organic spices are of the highest quality. Farmers and NGOs are encouraged to adopt organic farming by various boards and organizations, which leads to an increase in the market for organic spices. Due to rising consumer desire for the quality of the product they consume, exotic cuisines are becoming more popular, which supports the use of organic spices. Higher pricing margins and various trade rules in importing nations are expected to stifle the worldwide organic spice market's expansion. Organic spices have a greater price range than conventional spices due to increased production and logistic costs. Despite this, the surge in organic food consumption and disposable income, particularly in North America and Europe, presents a lucrative opportunity in the organic spices market prediction.
Organic Spice Market Segment Analysis:Based on Product type, The market for Organic Spices is segment into ginger, turmeric, clove, pepper, cinnamon, nutmeg, mustard seeds, and other organic spices. Turmeric has the largest market share among these product types. One of the primary elements driving substantial demand for turmeric in the global market is its widespread use as a preservative or coloring agent in various cuisines. Organic turmeric is mostly produced in India, the United States, and a few significant European countries. Organic turmeric is in high demand from both the domestic and commercial sectors. North America has the largest share of the organic spices market in terms of consumption, which is due to an increase in demand for various organic food products. Based on Form type, the market for Organic Spices is segmented into Powdered, granule, extract, and raw spices. Organic spices in powder form account for the largest share of the market. This is due to the fact that employing organic spices in powder form is the most convenient approach to prepare various culinary products. As a result, most spice makers plan to make organic spices available in powder form. Mountain Herbs: organic turmeric powder, Organic Express: organic pepper powder, and Wild Harvest: organic turmeric powder are some of the best powdered organic spices on the market. Based on Distribution Channel, the market for Organic Spices is segmented into Direct and Indirect distribution channels. In the worldwide market, direct channel distribution accounts for a bigger value share. Because of the increased demand for organic spices from food manufacturers and food service providers, more organic spices are being marketed through direct channels. Organic turmeric, organic pepper, and organic ginger are some of the spices that have seen an increase in commercial demand for organic spices (food manufacturers and food service sectors).
Organic Spice Market Regional Insights:By 2027, the Asia Pacific organic spice market is expected to reach USD 25.11 billion. Over the forecast period, the increasing food industry in Asia Pacific may fuel demand for organic spice. The existence of numerous agro-climatic zones and seasonal fluctuations will help to support organic spice production in Asia Pacific. Furthermore, the Asia Pacific region has long-established agricultural techniques for organic spice growing, which has a beneficial impact on the region's market growth. Furthermore, as consumers' disposable income rises and their lifestyles change in the region, demand for organic and natural ingredients in daily diets is expected to rise, supporting the regional market size. In Asia Pacific, India dominates the global spice trade, although China is also a major exporter of seasonings and spices. As a result, the industry dynamics in Asia Pacific should be driven by these well-established spices markets in the next years. Europe also holds a good market share in organic spices market after Asia Pacific region, because traditional spices that are sterilized with dangerous chemicals are banned in Europe, there has been an increase in the use of organic products in the region. The objective of the report is to present a comprehensive analysis of the Organic Spice 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 report also helps in understanding the Organic Spice market dynamics, structure by analyzing the market segments and project the Organic Spice market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Organic Spice market make the report investor’s guide.
Organic Spice Market Scope: Inquiry Before Buying
Organic Spice Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2027 Historical Data: 2017 to 2021 Market Size in 2021: US $ 34.63 Bn. Forecast Period 2022 to 2027 CAGR: 8.4 % Market Size in 2027: US $ 56.19 Bn. Segments Covered: by Product Type • Ginger • Turmeric • Clove • Pepper • Cinnamon • Nutmeg • Mustard seeds • Other by Form Type • Powdered • Granule • Extract • Raw spices by Distribution Channel • Direct • Indirect
Organic Spice Market, by Region• North America • Europe • Asia Pacific • Middle East and Africa • South America
Organic Spice Market Key Players• Yogi Botanicals Pvt. Ltd (India) • Live Organics (India) • Starwest Botanicals (U.S.) • Salzhäusl Himalaya-Kristall salz GmbH (Germany) • Rocky Mountain Company (Canada) • Rapid Organic Pvt. Ltd. (India) • Organic Spices Inc. (U.S.) • Earthen Delight (India) • The Spice Hunter (U.S.) • Frontier Natural Products Corporation (U.S.) Frequently Asked Questions: 1. What is the forecast period considered for the Organic Spice market report? Ans. The forecast period for the Organic Spice market is 2022-2027. 2. What are the segments covered in the Global Organic Spice Market Report? Ans. Product type, Form type, Distribution channels and Regions. 3. What is the compound annual growth rate (CAGR) of the Organic Spice market for the forecast period? Ans. 8.4%. 4. Which is the dominating segment by Form type in the Organic Spice market? Ans. Powdered Organic Spices. 5. Which country is expected to hold the largest share in Organic Spice market? Ans. India.
1. Organic Spice Market: Research Methodology 2. Organic Spice Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Organic Spice Market 2.1.2. Summary 2.1.3. Key Findings 2.1.4. Recommendations for Investors 2.1.5. Recommendations for Market Leaders 2.1.6. Recommendations for New Market Entry 3. Organic Spice Market: 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 3.3. M&A by region 3.4. Key Developments by Companies 3.5. Market Drivers 3.6. Market Restraints 3.7. Market Opportunities 3.8. Market Challenges 3.9. Market Dynamics 3.10. PORTERS Five Forces Analysis 3.11. PESTLE 3.12. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.13. COVID-19 Impact 4. Organic Spice Market Segmentation 4.1. Organic Spice Market, by Product Type (2022-2027) • Ginger • Turmeric • Clove • Pepper • Cinnamon • Nutmeg • Mustard seeds • Other 4.2. Organic Spice Market, by Form Type (2022-2027) • Powdered • Granule • Extract • Raw spices 4.3. Organic Spice Market, by Distribution channel (2022-2027) • Direct • Indirect 5. North America Organic Spice Market (2022-2027) 5.1. North America Organic Spice Market, by Product Type (2022-2027) • Ginger • Turmeric • Clove • Pepper • Cinnamon • Nutmeg • Mustard seeds • Other 5.2. North America Organic Spice Market, by Form Type (2022-2027) • Powdered • Granule • Extract • Raw spices 5.3. North America Organic Spice Market, by Distribution channel (2022-2027) • Direct • Indirect 5.4. North America Organic Spice Market, by Country (2022-2027) • US • Canada • Mexico 6. European Organic Spice Market (2022-2027) 6.1. European Organic Spice Market, by Product Type (2022-2027) 6.2. European Organic Spice Market, by Form Type (2022-2027) 6.3. European Organic Spice Market, by Distribution channel (2022-2027) 6.4. European Organic Spice Market, by Country (2022-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Organic Spice Market (2022-2027) 7.1. Asia Pacific Organic Spice Market, by Product Type (2022-2027) 7.2. Asia Pacific Organic Spice Market, by Form Type (2022-2027) 7.3. Asia Pacific Organic Spice Market, by Distribution channel (2022-2027) 7.4. Asia Pacific Organic Spice Market, by Country (2022-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Organic Spice Market (2022-2027) 8.1. Middle East and Africa Organic Spice Market, by Product Type (2022-2027) 8.2. Middle East and Africa Organic Spice Market, by Form Type (2022-2027) 8.3. Middle East and Africa Organic Spice Market, by Distribution channel (2022-2027) 8.4. Middle East and Africa Organic Spice Market, by Country (2022-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Organic Spice Market (2022-2027) 9.1. South America Organic Spice Market, by Product Type (2022-2027) 9.2. South America Organic Spice Market, by Form Type (2022-2027) 9.3. South America Organic Spice Market, by Distribution channel (2022-2027) 9.4. South America Organic Spice Market, by Country (2022-2027) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Yogi Botanicals Pvt. Ltd (India) 10.1.1. 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. Live Organics (India) 10.3. Starwest Botanicals (U.S.) 10.4. Salzhäusl Himalaya-Kristall salz GmbH (Germany) 10.5. Rocky Mountain Company (Canada) 10.6. Rapid Organic Pvt. Ltd. (India) 10.7. Organic Spices Inc. (U.S.) 10.8. Earthen Delight (India) 10.9. The Spice Hunter (U.S.) 10.10. Frontier Natural Products Corporation (U.S.)