Organic spice market sees sales skyrocket due to increased global demand for organic spices

North America the organic spice market is expected to reach US$1.7 billion in 2022 and is expected to grow with a CAGR of 2.7% over the forecast period 2032. Major organic spice manufacturers are SunOpta Inc., Organic Spices Inc., Live Organics, Unilever, S&B Foods Inc., DS Group, McCormick & Company, Inc., Monterey Bay Spice Co.

NEWARK, Del., July 15, 2022 /PRNewswire/ — Total sales in the organic species market are expected to account for 6.4% of the global species market in 2022. The global organic spices market is expected to grow at a steady pace. 4.6% CAGRreaching a value of US$9.8 billion in 2022.

Consumer tastes are changing due to changing lifestyles and increasing disposable incomes. The demand for spices is expected to increase in response to increased production and sales of processed food products such as soups, sauces, dressings and condiments. These spices are used to enhance the flavor, taste and color of processed food products.

FMI presents a comparative analysis of market growth rates and development prospects in the global organic spices market. According to Future Market Insights analysis, the demand in the global organic spices market is expected to increase with a robust CAGR of 4.6% during the forecast years 2022-2032.

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Key points to remember

• Lifestyle changes and increase in disposable income are the main factors that are expected to increase the demand for spices leading to increased production.
• The increased demand for processed foods such as salad dressings, sauces, soups and condiments has led to increased demand for spices. Since these spices are used to enhance the flavor, color and taste of foods, they are heavily used in processed food products.
• The demand for spices has steadily increased due to increased awareness and desire for organic products. People are increasingly concerned about food safety and the health risks associated with processed foods, which has led to an increase in the demand for organic spices.
• The consumption of spices is increasingly popular due to a change in culinary tastes. To improve the production volume, farmers are also focusing on new methods of growing herbs and spices.
• Organic products, such as foods, beverages, and even spices, are in high demand all over the world. As a result, organic spice market revenue will not drop during Covid-19.
• Worldwide, india The market share of organic spices is at an all-time high and the whole spice industry has seen phenomenal growth over the past few years.

Competitive landscape

SunOpta Inc., Organic Spices Inc., Live Organics, Unilever, S&B Foods Inc., DS Group, McCormick & Company, Inc., Monterey Bay Spice Co., Yogi Botanicals, The Spice House and Spices Inc., Earthly Delight are some. key companies profiled in the full version of the report.

In order to meet growing demand, the main players in the food industry are increasing their production capacity. Since it is uneconomical for processed food manufacturers to use excess salt and sugar, the use of herbs and spices is increasing, as this reduces costs while improving the taste of the food product. .

Major players operating in the organic spices market are investing in mergers and acquisitions, product innovation and expansion of production capacity to gain a competitive advantage in the market.

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Major players operating in the organic spices market are investing in mergers and acquisitions, product innovation and expansion of production capacity to gain a competitive advantage in the market.

More information on the organic spices market

The presence of a large food and beverage industry in the United States is expected to boost sales of organic spices in the coming years. Total sales in the United States are expected to hold 87% of the North American organic spice market share, with demand growing at a CAGR of 2.8% over the assessment period.

The shift in preference from conventional food products to organic food products will continue to drive sales in the market. According to the Organic Trade Association, in 2019, sales of organic food products in the United States totaled US$50.1 billion. This trend is also expected to continue during the forecast period.

According to IMF, Germany is estimated to hold more than 18.0% of the Europe market share of organic spices in 2022, with sales growing at a CAGR of 2% through 2032.

Although the production of spices in Germany is low, it is one of the first organic spice consuming countries in Europe. The growing emphasis on a healthy lifestyle is driving the demand for organic ingredients.

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India should dominate the South Asia organic spices market, with sales growing at a CAGR of 4%, accounting for 30% of the South Asia market share.

The influence of social media, along with growing awareness of the benefits of organic spices, is encouraging consumers to use organic spices in their daily diet.

Organic Spices Market by Category

By product type:

• Ginger
• Turmeric
• Basil
• Cumin
• Cinnamon
• Clove
• Pepper
• Garlic

By form:

• Powder & Granules
• flakes
• Dough
• Whole/Fresh

By end use:

• Food
• Beverage
• food service
• Detail

By distribution channel:

• Direct
• Indirect
• Hypermarket/Supermarket
• convenience stores
• Traditional grocery stores
• Food and drink Specialty shops

By region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• The Middle East and Africa

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About FMI – Food and Beverage Marketplace

In the latest study, IMF offers a detailed study of the global food and beverage industry for the forecast period 2022-2032. This study also highlights key drivers driving the sales promotion of the Organic Spices market through detailed segmentation. Our research studies serve as a benchmark of market guidelines for leading industry manufacturers, channel partners and government agencies.

Explore IMF’s extensive food and beverage market intelligence landscape coverage

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