Market Overview
The global Organic Spices Market Revenue is expected to exhibit a CAGR of 4.89% over the forecast period from 2016 to 2022, according to the latest research report from Market Research Future (MRFR). The global Organic Spices Market Revenue is expected to rise to a total volume of 5,981 kilotons by 2022, according to the report.
The global Organic Spices Market Revenue is mainly driven by the growing demand for spices in Western countries and the increasing interest in organic cultivation of produce, including spices. Spices have been traditionally cultivated in Southeast Asia as well as Central America, with Europe and North America traditionally accounting for a tiny share in the global market. However, with the increased availability of spices overseas, the demand for organic spices has grown rapidly in Western countries. It is important to keep spices fresh during their transportation, as the whole essence of spices lies in them remaining fresh. The growing use of modern storage and refrigeration techniques has led to growing demand from the global market, as an increasing number of consumers in Western countries have shown a liking to spices.
While spices are not traditionally a major part of European and North American cuisine, the increasing popularity of Asian and Mexican cuisines in these regions is also responsible for the growing demand from the global Organic Spices Market Revenue. Many Western consumers have also become avid home chefs in recent years, leading to a stable rise in the global Organic Spices Market Revenue. The increasing interest among European and North American consumers in organic farming is also likely to be a major driver for the global Organic Spices Market Revenue over the forecast period.
Key Players
Leading players in the global Organic Spices Market Revenue include Organic Spices, Rapid Organic, Simply Organic, Yogi Botanicals Pvt. Ltd., The Spice Hunter Inc., Starwest Botanicals Inc., Live Organics Pvt. Ltd., Earthen Delight, SOAP, and Frontier Natural Products.
Market Segmentation:
The global market is segmented on the basis of type, function, form, application, and region.
The global Organic Spices Market Revenue is segmented on the basis of type into chili, turmeric, pepper, cumin, garlic, clove, ginger, nutmeg, cinnamon, and saffron. Garlic dominates the global organic spice market due to its widespread popularity and wide-ranging functionality. The garlic segment accounted for a share of more than 50% in the global market in 2016.
By function, the global market is segmented into flavor, color, and preservative. Flavor function dominates the global market, accounting for more than 75% of the global market in 2016, and is likely to remain the dominant segment over the forecast period as well.
By application, the global Organic Spices Market Revenue is segmented into culinary, soups and noodles, snacks and convenience foods, meat and poultry products, and sauces and dips. Culinary application of organic spices is likely to dominate the global market over the forecast period.
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Regional Analysis
The global market is dominated by Asia Pacific due to the robust spice production in Southeast Asian countries. Countries such as China, India, Vietnam, and Indonesia are among the leading spice producers in the world and are likely to retain their positions over the forecast period due to the longstanding traditions of spice cultivation in these countries. Spices grow best in tropical climates, leading to Southeast Asian countries emerging as the leaders in global spice production. Central American countries such as Guatemala are also major producers of organic spices.
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