Press release
Organic Spices Global Market Perused With A CAGR Estimated Over 6.37% By 2022
Market Overview:The global market for organic spices has witnessed continued demand during the last few years and is projected to reach 5,981 kilo tons by 2022, at a CAGR of 4.89% from 2016 to 2022. Increase in versatile demand across various food and beverage segments particularly for convenience foods and beverages is likely to drive the global organic spices market
Asia-Pacific region is estimated to dominate the market with more than 50% in the year 2016 followed by North America. India, China and Vietnam are major organic spice producers in the Asia-Pacific region. Presence of various agro-climatic zones and seasons support various organic spices production in this region. Guatemala and Mexico are major organic spices market in the North-American region. Strong potential of spices production and consumption favors organic spices market growth the most among the various regions in the world.
Based on organic spice type, garlic market share was estimated to more than 50% in the organic spices market followed by chili and ginger in the year 2016. Strong historical usage and recognition as household and basic essential for daily usage has supported increase in use of chilli, garlic and ginger globally.
Based on organic spice function, flavor formed an essential function base for organic spices enabling it to gain maximum share which is estimated more than 75% in the year 2016 followed by color. Spices have been majorly used for flavoring or as a garnish since ancient times. The flavor of a spice is derived in part from compounds (volatile oils) from various parts of plants roots, seeds, bark and other plant parts.
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Major Key Players:
• Yogi Botanicals (India)
• Organic Spices Inc. (U.S.)
• SOAP (Sapthsathi Organic Agriculture Project) (India)
• Frontier Natural Products Co-op (U.S)
• Earthen Delight (India)
• Salzhausl Himalaya Kristalllsaiz (Germany)
• Alemad Herbs (Egypt)
• Sun Impex (Netherland)
• Simply Organic (U.S)
• Live Organics Pvt Ltd (India)
Organic Spices market is dominated by key manufacturers. Many key manufacturers are focusing on R&D activities to increase production of organic spices at large scale efficiently.
Regional Analysis
The Global Organic Spices Market is segmented into North America, Europe, and Asia Pacific along with rest of the world (RoW). Asia-Pacific region is estimated to dominate the market in the year 2016 followed by North America. India, China and Vietnam are major organic spice producers in the Asia-Pacific region. Presence of various agro-climatic zones and seasons support various organic spices production in this region. Guatemala and Mexico are major organic spices market in the North-American region. Strong potential of spices production and consumption favors organic spices market growth the most among the various regions in the world.
Table of Contents:
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Trends
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6 Market Factor Analysis
7 Market-by Type
8 Market-by Function
9 Market -by Form
10 Market- By Application
11 Market -by Region
Continued….
List of Tables
Table 1 Pestle Analysis - U.S.
Table 2 Pestle Analysis- India
Table 3 Pestle Analysis- China
Table 4 Pestle Analysis- Japan
Table 5 Pestle Analysis- Germany
Table 6 Key Suppliers of Raw Materials for Organic Spices Production
Table 7 Global Organic Spices Market, by Type, (2011–2016), USD Million
Continued….
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