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In-Depth Analysis of the Dried Herbs Market: Growth Opportunities, Key Trends, and Forecast 2025-2034
What industry-specific factors are fueling the growth of the dried herbs market?The surge in processed food consumption is anticipated to fuel the expansion of the dried herbs market in the future. Economic growth leading to an increase in disposable income has resulted in a higher demand for processed foods. The trend of consuming processed foods, especially prevalent among the urban and younger generation, is due to the lack of time for home cooking. Dried herbs, along with other ingredients used in processed foods, not only add flavor and color but also reduce cooking time. This leads to a rising demand for dried herbs from food processing companies. For example, the USDA Foreign Agricultural Service, an office under the US government, reported in November 2023 that export markets for processed food products rose from $772.91 million in 2021,to $913.52 million in 2022. Therefore, the escalating consumption of processed food is predicted to stimulate the demand for the dried herbs market in the forthcoming period.
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What Is the projected market size and growth rate for the dried herbs market?
In recent times, the market size for dried herbs has seen a robust growth. Currently valued at $6.43 billion in 2024, it's projected to appreciate to $6.79 billion in 2025, with a compound annual growth rate (CAGR) of 5.6%. This upsurge in the historical interval is linked to factors such as traditional herbal medicine, culinary traditions, preservation and flavoring, global trade routes, and conventional culinary and medicinal wisdom.
The market size for dried herbs is expected to take a strong forward stride in the coming years, reaching a forecasted value of $8.96 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.2%. This anticipated expansion during the forecast period can be credited to various factors, including sustainability and organic farming methods, advancements in packaging and showing off the product, a worldwide blend in cooking styles, shifts in dietary behaviors, and expansion in online retail and e-commerce. Noteworthy trends for the forecast period comprise of technological progress in drying processes, enhanced culinary explorations, a surge in demand for organic options, trends in home gardening and daytime, as well as innovative packaging to maintain freshness.
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What new trends are reshaping the dried herbs market and its opportunities?
Leading corporations in the dried herb industry are honing their efforts on improving home cooking and grilling practices in order to create new products and broaden their market reach. For example, Simply Organic, a US-based spice and herb brand, introduced New Dry Rubs, Marinade Mixes, and Finishing Salts in March 2023. These were specifically designed to enrich cooking and grilling experiences at home. This novel line comprises of four globally influenced dry rubs and marinade mixes, along with three finishing salts inspired by professional chefs.
What major market segments define the scope and growth of the dried herbs market?
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
Subsegments:
1) By Oregano: Whole Oregano Leaves, Ground Oregano
2) By Rosemary: Whole Rosemary Leaves, Ground Rosemary
3) By Sage: Whole Sage Leaves, Ground Sage
4) By Savory: Summer Savory, Winter Savory
5) By Mint: Dried Mint Leaves, Ground Mint
6) By Thyme: Whole Thyme Leaves, Ground Thyme
7) By Bay Leaves: Whole Bay Leaves, Crushed Bay Leaves
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Which region dominates the dried herbs market?
Western Europe was the largest region in the dried herbs market in 2024, and it is expected to be the fastest-growing region in the forecast period. The regions covered in the dried herbs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the dried herbs industry growth?
Major companies operating in the dried herbs market include Archer Daniels Midland Company, Kraft Heinz Company, Pacific Botanicals, McCormick & Company Inc., Döhler Group SE, 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., 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, Burlap & Barrel Single Origin Spices Inc.
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What Is Covered In The Dried Herbs Global Market Report?
•Market Size Forecast: Examine the dried herbs market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the dried herbs market for a structured understanding.
•Key Players Overview: Analyze major players in the dried herbs market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the dried herbs market.
•Segment Contributions: Evaluate how different segments drive overall growth in the dried herbs market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the dried herbs market.
•Industry Challenges: Identify potential risks and obstacles affecting the dried herbs market.
•Competitive Landscape: Review strategic developments in the dried herbs market, including expansions, agreements, and new product launches.
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