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Organic Spices Market Key Players are Organic Spices Inc., SunOpta Inc, Husarich GmbH, Sabater Spices, AKO GmbH

06-08-2020 07:37 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Organic Spices Market

Organic Spices Market

The organic spices market size was valued at $272.8 million in 2018 and is expected to reach $406.6 million by 2026, registering a CAGR of 5.1% from 2019 to 2026.

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The global organic food & beverages market is expected to be valued at US$80 billion by 2020. Rise in number of health-conscious consumers and increase in awareness regarding the health benefits associated with the consumption of organic spices are the two main factors that drive the growth of the global organic food & beverages market. North America and Europe are the dominant regions in terms of consumption for different types of organic food products. This is attributable to rise in per-capita income and continuous product evolution from the manufacturersโ€™ side, in these regions. Furthermore, some of the food manufacturers have been focusing toward availing its food products in organic form due to rise in preferences for organic products. Spices have been gradually enduring the trend of organic format. They are available in different forms as per consumer preferences, i.e., powder, granular, and liquid, which is further expected to drive the market growth. Some of the non-profit organizations such as IOFAM Organic International, Organic Trade Association, Soil Association, USDA, and National Organic Standard Board inspect the processing and production of organic food products in the global market. These same organizations play a key role in the global organic spices market.

The organic spices companies have been making the most out of online platform. With rise in rate of internet penetration, companies have been stressing on key social media marketing activities.

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The key players profiled for organic spices industry in the report include Organic Spices Inc., UK Blending LTD, The Watkins Co., Daarnhouwer & Co, SunOpta Inc, Spice Chain Corporation, Husarich GmbH, Sabater Spices, AKO GmbH, and Pacific Spice Company, Inc.

Key Findings of the Organic Spices Market :

In 2018, based on product type, the turmeric segment accounted for around 34.8% organic spices market share, growing at a CAGR of 4.9% from 2019 to 2026.
In 2018, based on form, the powder segment accounted for 32.3% share of the organic spices market and is expected to growth at the highest CAGR of 4.7%.
In 2018, based on region, Asia-Pacific accounted for a prominent market share and is anticipated to grow at a CAGR of 4.7% throughout the forecast period.

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