Press release
Leading Companies Solidifying Their Presence in the Dried Herbs Market
The dried herbs market is gaining significant traction as consumers increasingly seek natural and organic seasoning options. With evolving food trends and heightened interest in convenience and health, this sector is set for robust expansion in the coming years. Let's explore the projected market size, key players, emerging trends, and various market segments to understand the future landscape of dried herbs.Projected Growth and Market Size of the Dried Herbs Industry
The dried herbs market is anticipated to grow steadily, reaching a valuation of $9.51 billion by 2030. This increase corresponds to a compound annual growth rate (CAGR) of 7.3%. Several factors are driving this growth, including a growing preference for natural seasoning alternatives, higher demand for organic herb products, the rise in consumption of convenience foods, and increased investments in food ingredient processing. Additionally, a stronger emphasis on traceable and sustainable sourcing of herbs contributes to the market's upward trajectory. Key trends shaping this growth period include the rising popularity of natural flavoring agents, a surge in organic and clean-label herb adoption, expanded use of dried herbs in ready-to-cook meal preparations, advancements in drying technologies, and greater attention to preserving aroma and flavor.
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Leading Companies Making an Impact in the Dried Herbs Market
The dried herbs sector is home to numerous prominent players that shape the market landscape. Notable companies 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, and Burlap & Barrel Single Origin Spices Inc.
Significant Industry Moves Bolstering Market Positions
In a notable development in July 2024, Haudecoeur, a France-based ethnic food firm, acquired Cepasco, a France-based wholesale grocer, for an undisclosed sum. This strategic acquisition aims to strengthen Haudecoeur's foothold in the competitive herbs and spices market by broadening its product portfolio to serve diverse customer groups more effectively.
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Innovative Trends Transforming the Dried Herbs Landscape
Market leaders in dried herbs are increasingly focusing on product innovation, notably developing devices such as dry herb vaporizers. These devices are designed to vaporize dry herbs like tobacco or cannabis* without combustion, heating the material at lower temperatures to release active compounds safely. For example, in August 2023, AUXO, a Colombia-based global vaporization technology leader, launched the 'Celsius' vaporizer. This flagship 2-in-1 device supports both dry herbs and concentrates, delivering exceptional vapor quality within seconds. Its compact design features a 360-degree rotatable mouthpiece and a unique airflow window that ensures even heat distribution. The Celsius vaporizer utilizes triple heating technology to unlock the full spectrum of aromas and flavors in just six seconds, enhancing user experience.
Detailed Segmentation Within the Dried Herbs Market
The dried herbs market is categorized into several key segments for a comprehensive analysis:
1) By Product Type: Oregano, Rosemary, Sage, Savory, Mint, Thyme, Bay Leaves
2) By Nature: Organic, Conventional
3) By Drying Method: Air Drying, Vacuum Drying, Microwave Drying
4) By Form: Whole Herbs, Powdered Herbs
Further subsegments include:
- Oregano: Whole Oregano Leaves, Ground Oregano
- Rosemary: Whole Rosemary Leaves, Ground Rosemary
- Sage: Whole Sage Leaves, Ground Sage
- Savory: Summer Savory, Winter Savory
- Mint: Dried Mint Leaves, Ground Mint
- Thyme: Whole Thyme Leaves, Ground Thyme
- Bay Leaves: Whole Bay Leaves, Crushed Bay Leaves
This segmentation helps in understanding the preferences and demands across different product types, forms, and processing methods within the dried herbs market.
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