Dried Herbs Global Market Navigating Trends, Share Report, Growth Drivers, Market Size And Future Outlook 2024-2033 | Firmenich S A, Döhler Group SE, Robertet SA, Avi Naturals, Tenzing Momo

"The new report published by The Business Research Company, titled ""Dried Herbs Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the dried herbs market size has grown strongly in recent years. It will grow from $6.09 billion in 2023 to $6.43 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The dried herbs market size is expected to see strong growth in the next few years. It will grow to $8.32 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.

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Processed Food Preferences Drive The Dried Herbs Market
The increase in consumption of processed food is expected to propel the growth of the dried herbs market going forward. 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. For instance, in April 2021, according to a report published by the Ministry of Commerce & Industry, India's export of processed food products increased by 26.51 % during April-February (2020-21) compared to the same period during the previous year. Furthermore, in the first 11 months of the fiscal year (2020-21), exports of miscellaneous processed items such as Indian snacks, sauces, starch products, and vegetable flours increased by 36%. The total value of processed product exports was INR 437,980 million ($5.5 billion). Therefore, increasing consumption of processed food is expected to boost the demand for dried herbs market during the forecast period.

Strategic Partnerships Redefining The Landscape Of The Dried Herbs Market
Strategic partnerships are the key trend gaining popularity in the dried herbs market. 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.

The dried herbs market covered in this report is segmented -
1) By Product Type: Oregano, Rosemary, Sage, Savory, Mint, Thyme, Bay Leaves
2) By Nature Type: Organic, Conventional
3) By Drying Method Type: Air Drying, Vacuum Drying, Microwave Drying
4) By Form Type: Whole Herbs, Powdered Herbs

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Major companies operating in the dried herbs market report are Archer Daniels Midland Company, Kraft Heinz Company, Pacific Botanicals, McCormick & Company Inc., Firmenich S A, Döhler Group SE, Robertet SA, Alpine Herb Company, Synthite Industries Ltd., Nature's Way Products LLC, Frontier Co-op, Van Drunen Farms Inc., British Pepper & Spice Company Ltd., Star Kay White Inc., Starwest Botanicals Inc., Indiana Botanic Gardens Inc., Oregon's Wild Harvest LLC, Banyan Botanicals LLC, Penzey's Spices LLC, Mountain Rose Herbs Inc., Catz International B.V., Avi Naturals, Monterey Bay Spice Company, Red Moon Herbs Inc., Cherry Valley Organics LLC, Sorich Organics Private Limited, Hamps Bio Private Limited, Maduras Herbals Private Limited, Tenzing Momo, Burlap & Barrel Single Origin Spices Inc.

Contents of the report:
1. Executive Summary
2. Dried Herbs Market Report Structure
3. Dried Herbs Market Trends And Strategies
4. Dried Herbs Market - Macro Economic Scenario
5. Dried Herbs Market Size And Growth
…..
27. Dried Herbs Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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