23-Apr-2020 | Facts and Factors
Findings from Facts and Factors report “Organic Spice Market By Product (Chili, Ginger, Turmeric, Garlic, Coriander/Cilantro, Nutmeg & Mace, and Others), By Form (Powder, Granular, Extract, and Raw), By Function (Flavor, Preservative, and Color), By Application (Culinary, Meat & Poultry Products, Sauces & Dips, Snacks & Convenience Foods, Soups & Noodles, and Ready-To-Eat Meals), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Organic Spice market in 2019 was approximately USD 23.4 Billion. The market is expected to grow at a CAGR of 8% and is anticipated to reach around USD 40 Billion by 2026.
Spice is fundamentally used to add flavoring, color, aroma, therapeutic effects, and also the preservation of the food products. The organic spices are made bacteria-free using advanced technologies. There are different types of organic spices that are often used in food preparation such as chili powder, turmeric, garlic, and others.
Browse the full “Organic Spice Market By Product (Chili, Ginger, Turmeric, Garlic, Coriander/Cilantro, Nutmeg & Mace, and Others), By Form (Powder, Granular, Extract, and Raw), By Function (Flavor, Preservative, and Color), By Application (Culinary, Meat & Poultry Products, Sauces & Dips, Snacks & Convenience Foods, Soups & Noodles, and Ready-To-Eat Meals), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/global-organic-spice-market-by-product-chili-ginger-1026
Market Drivers:
The growing demand for organic spice among the populace to add extra flavor and aroma to their daily preparations is the primary factor boosting the growth of the global Organic Spice market. Growing awareness about the health positives of the natural spice will further stimulate the market during the forecast timeframe. The surging demand for flavoring, preserving, and coloring of food amid the people, hotels & restaurants, and others in the food industry is an added advantage for the Organic Spice market. Apart from this, the high popularity of the exotic and naturally produced spice in the food recipes due to the long-lasting aroma and strong flavors will impact the Organic Spice market growth positively. Additionally, the escalating consumption of meat, savory products, bakery & confectionaries, and convenience foods across the globe attributing to its high preservative properties is expected to augment the global Organic Spice market growth. The therapeutic properties such as improving heart health, balancing metabolism, and detoxification fuel the adoption of spice in various applications. However, the economic fluctuations and lack of advanced farming methods among the farmers is likely to restrain market growth.
Market Segment Dominance:
·Garlic holds the majority of the market share in the Organic Spice market
Garlic is estimated to lead the global Organic Spice market owing to the extensive use of garlic to add extra flavor and aroma to the various dishes. The production of garlic is found to be surging in regions including China, Korea, India, U.S., Spain, and others owing to the preferences for flavored dishes, pickles, and high meat preparations. Moreover, the production of new culinary and savory foods is generating high demand for garlic in the form of garlic salts, garlic cheese croutons, powder, and garlic vinegar, thereby bolstering the global Organic Spice market.
·Culinary exhibits the highest market share in the Organic Spice market
Culinary applications are anticipated to dominate the global Organic Spice market during the forecast period. The significant market share accounts to the high use of chili, garlic, and other Spice in the daily preparations. Furthermore, the increasing demand for these ingredients in the foods owing to their health benefits, such as boosting immunity, and taste enhancement will further strengthen product penetration.
Regional Dominance:
·Asia Pacific is expected to dominate the global Organic Spice market
Asia Pacific Organic Spice market holds the majority of the market share in the global Organic Spice market. The dominance is primarily due to the increasing production of the spice in this region owing to the presence of seasonal variations. Furthermore, the well-established agricultural practices and the existence of resilient product variants help propel the Organic Spice market in the region.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 23.4 Billion |
Projected Market Size in 2026 |
USD 40 Billion |
CAGR Growth Rate |
8% |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Frontier Natural Product Co., Earthen Delight, Rocky Mountain Spice Company, Organic Spice, Rapid Organic, The Spice House, Salzhaus'l Himalaya-Kristallsalz, Sapthsathi Organic Agriculture Project, Simply Organic, Spice, Inc., Live Organics, Starwest botanicals, Inc., Yogi Botanicals, and The Spice Hunter. |
Key Segment |
by Product Type, By Form, By Application, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Key Market Players:
Some of the key market players in the global Organic Spice market include Frontier Natural Product Co., Earthen Delight, Rocky Mountain Spice Company, Organic Spice, Rapid Organic, The Spice House, Salzhaus'l Himalaya-Kristallsalz, Sapthsathi Organic Agriculture Project, Simply Organic, Spice, Inc., Live Organics, Starwest botanicals, Inc., Yogi Botanicals, and The Spice Hunter.
This report segments the global Organic Spice market as follows:
Global Organic Spice Market: Product Segmentation Analysis
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Ginger
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Turmeric
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Chili
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Coriander/Cilantro
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Garlic
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Nutmeg and Mace
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Others
Global Organic Spice Market: Form Segmentation Analysis
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Powder
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Granular
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Extract
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Raw
Global Organic Spice Market: Function Segmentation Analysis
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Color
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Preservative
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Flavor
Global Organic Spice Market: Application Segmentation Analysis
Global Organic Spice Market: Regional Segmentation Analysis
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North America
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Europe
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Germany
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The UK
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France
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Spain
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Italy
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Rest of Europe
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Asia Pacific
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China
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Japan
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India
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South Korea
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Southeast Asia
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Rest of Asia Pacific
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Latin America
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Brazil
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Mexico
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Rest of Latin America
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Middle East & Africa
Rest of Middle East & Africa
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