Dried Herbs Market Growth, Size, Share, Trends, Industry Analysis And Global Forecast 2023-2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Dried Herbs Global Market Report 2023 identifies the increasing consumption of processed food as the major driver for the dried herbs market's growth in the forecast period. The rising disposable income due to economic growth has led to increased demand for processed foods. This consumption habit of processed foods in urban and young population have entered due to a lack of time for domestic cooking. Processed foods use dried herbs and other ingredients for flavoring or coloring to reduce the cooking times, leading to increasing demand for dried herbs by food processing companies.

The global dried herbs market size grew from $5.8 billion in 2022 to $6.17 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global dried herbs is expected to grow to $7.93 billion in 2027 at a CAGR of 6.5%.

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Major competitors in the dried herbs market are McCormick & Company, Inc., Döhler, Pacific Botanicals, Mountain Rose Herbs, Van Drunen Farms, British Pepper & Spice Co. Ltd.

A key trend in the dried herbs market includes Strategic partnerships. Companies operating in the dried herb market are partnering with relevant companies to leverage each other's resources to develop new products and expand their presence into new markets. For instance, in February 2021, Feyecon Development & Implementation B.V , a Netherland-based company operating in providing an innovative solution for drying food products partnered with VNK BV , and developed herb flavor powders from waste materials on the base of green CO2 technology. VNK BV is a Netherlands-based company operating in drying leaf herbs and herbal roots.

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The dried herbs market is segmented -
•By Product Type: Oregano, Rosemary, Sage, Savoury, Mint, Thyme, Bay Leaves
•By Nature Type: Organic, Conventional
•By Drying Method Type: Air Drying, Vacuum Drying, Microwave Drying
•By Form Type: Whole Herbs, Powdered Herbs
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the dried herbs market.

The Business Research Company's "Global Dried Herbs Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Dried Herbs Market Include:
1. Dried Herbs Market Executive Summary
2. Dried Herbs Market Segments
3. Dried Herbs Market Size And Dried Herbs Market Growth Rate
4. Key Dried Herbs Market Trends
5. Major Dried Herbs Market Drivers
……
25. Key Mergers And Acquisitions In The Dried Herbs Market
26. Top Dried Herbs Companies
27. Dried Herbs Market Opportunities And Strategies
28. Dried Herbs Market, Conclusions And Recommendations
29. Appendix

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