Dried Herbs Market to Develop New Growth Story 2024 - 2031 | Mevive International, All-Season Herbs Pvt. Ltd.

Market Overview:

The global dried herbs market is estimated to be valued at USD 3.81 Bn in 2024 and is expected to reach USD 5.65 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031.

Market Dynamics:

The dried herbs market is expected to grow owing to the growing popularity of convenience foods and ready-to-eat meals among consumers. Dried herbs are increasingly being used in packaged food products due to their long shelf life and ability to impart flavor without adding much moisture. Additionally, the rising demand for organic and natural food ingredients is also expected to support the demand for dried herbs over the forecast period. While dehydrated herbs preserve much of the nutritional value of fresh herbs, some studies have indicated a reduction in antioxidants in dried forms. This is prompting manufacturers to develop innovative drying techniques to minimize nutrient loss in dried herbs.

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1 Growing demand for convenience food is driving the dried herbs market

The fast paced lifestyle has increased the demand for convenience food products that can be prepared quickly. Dried herbs are increasingly being used as ingredients in convenience foods such as ready to eat meals, soups and snacks due to their long shelf life and convenience of use. Dried herbs do not need preservation and can be directly added to recipes. The on-the-go consumption trend has boosted the sales of packaged convenience food products that use dried herbs. Moreover, dried herbs are also seeing more use in home cooking for their ease of storage and use. The demand for less preparation and cooking time among consumers is a major factor that is propelling the growth of the dried herbs market.

2 Increasing health consciousness is augmenting the dried herbs market

People are becoming more health conscious and looking to add superfoods and herbs in their daily diet to obtain maximum nutrients. Dried herbs are rich sources of vitamins, minerals, antioxidants and other phytochemicals that are beneficial for health and wellbeing. Many dried herbs are widely known for their medicinal properties and health benefits. For instance, turmeric contains curcumin which has anti-inflammatory and antioxidant effects. Similarly basil, rosemary, oregano and thyme are excellent sources of antioxidants. The shift in consumer preferences towards healthy and nutritious food products is driving the demand for dried herbs immensely. Food companies are also incorporating dried herbs in various food products to market them as nutritious and healthy options. This growing health and wellness trend is propelling the growth of the dried herbs market.

3 Volatility in supply of fresh herbs is hampering the dried herbs market

Fresh herbs have a short shelf life and their availability depends on seasons and geographic locations. There is fluctuation and uncertainty in the supply of fresh herbs throughout the year. On the other hand, dried herbs have a much longer shelf life of 6-12 months and their supply remains consistent. However, the drying process reduces some nutrients in herbs. Some consumers still prefer the taste and aroma of fresh herbs. The unstable and seasonal supply of fresh herbs is the key challenge faced by the dried herbs market. It creates inconsistencies in the supply chain from farmers to food companies. Volatility in fresh herbs supply is limiting the growth potential of dried herbs market to some extent.

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Top Companies Featured in This Report:

★ Mevive International
★ All-Season Herbs Pvt. Ltd.
★ British Pepper & Spice Company
★ McCormick and Company Inc.
★ DF World of Spices GmbH
★ Koninklijke Euroma BV
★ Paulig Group
★ Olam International
★ Kräuter Mix GmbH
★ RAMÓN SABATER S.A.U.
★ Naturalin
★ Husarich GmbH
★ Royal Spices
★ Elite Spice
★ U.S. Spice Mills Inc.
★ Verstegen Spices & Sauces B.V.
★ Aum Agri Freeze Foods
★ Aadhunik Ayurveda
★ Flex Foods
★ Saipro Biotech Private Limited

Market Segmentation:

By Product Type:

★ By Product Type: Oregano, Rosemary, Sage, Savory, Mint, Thyme, Bay Leaves, and Others
★ By Nature: Organic and Conventional

By Applications:

★ By Application: Food and Beverage, Pharmaceuticals, Cosmetics and Personal Care, and Others

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Key Inquiries Addressed in this Report include:

What was the size of the Dried Herbs Market in 2024, and what is the projected value by 2031?
What is the present global market landscape for the Dried Herbs Market?
What strategies offer optimal opportunities for growth maximization in the business?
What recent trends are shaping the Dried Herbs Market?
How does the market share of Dried Herbs Market revenue, sales, and size vary across specific geographical regions?
Who are the prominent industry players in the Dried Herbs Market?
Which segment of the Dried Herbs Market is experiencing heightened demand?
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.

In summary, whether you're engaged in manufacturing, distribution, or investment within the Dried Herbs sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.

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Author Bio:

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.

(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)

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