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Global Organic Spices Market Size, Share and Global Outlook 2022-2030

09-22-2022 07:42 AM CET | Energy & Environment

Press release from: Inkwood Research

ORGANIC SPICES MARKET

ORGANIC SPICES MARKET

In accordance with the market research report published by Inkwood Research, the Global Organic Spices Market is estimated to showcase a CAGR of 8.51% during the forecasting years of 2019-2028.
"Browse 32 market Data Tables and 39 Figures spread over 143 Pages, along with an in-depth TOC on Global Organic Spices Market Forecast 2019-2028."

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Organic foods are manufactured from products that are grown using organic farming techniques. When everything is driven by modern technology in present times, farmers are going back to age-old practices in agriculture for the greater good of mankind. The soil, seed, water, everything that goes into producing organic food, and the final product are natural and free from pesticides, fertilizers, and chemicals. This has been advocated by health-conscious consumers who are increasingly aware of the harmful effects of chemicals and other additives in food.

Rising Demand for Organic Products Promotes Market Growth
As per the USDA, the global organic food and drinks market was estimated at $90 billion in 2016. North America and Europe are dominating the global market. The health food-sector is a growing market as the industry and consumers focus on healthy food and natural flavors as substitutes for sugar, salt, and artificial products. A rise in awareness about the health benefits associated with the consumption of organic products is steering the demand for these products. Thus, organic spices as an ingredient are in great demand in the food and beverage industry.
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Turmeric Accounts for the Largest Revenue Share in the Product Segment
Turmeric is native to Asia and the most important spice in India. India accounts for nearly 80% of the global production being the leading producer and exporter of turmeric. In India, turmeric is used on a large scale both in the household and commercial sectors. The Indian government is taking various initiatives to improve organic turmeric production. In the international market, the U.S. is experiencing a surge in the consumption of organic turmeric, owing to an increase in consumer preference for natural and plant-based food products. Some of the non-profit organizations have been standardizing rules for the production and maintenance of these products. The IFOAM has established organic processing, production, and trading standards for the organic turmeric segment.

North America is evaluated to record the Highest Growth Rate
The North America region is one of the major market for spices and seasonings, and estimated to witness the highest growth rate during the forecast period. Quality is one of the prerequisites influencing the purchase decisions of the consumers in North America, and there is a growing demand for fair trade labeled products.
The global players in the market have high-brand visibility, have strong competitive strategies, and provide quality products. The global and regional players are trying to maximize the existing supply chain and ensure better product distribution within the global market. The companies are innovating and introducing new and improved spice blends inflaming the competition level among the global players in the market. The market is dominated by renowned world players, including AKO GmbH, Daarnhouwer & Co. B.V., Organic Spices Inc, UK Blending Ltd, among others.

Related Reports:
GLOBAL GLUTEN FREE PASTA MARKET
GLOBAL SAUCES, DRESSINGS & CONDIMENTS MARKET
GLOBAL HALAL FOOD & BEVERAGE MARKET

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