The global market for organic spices has witnessed continued demand during the last few years and is projected to reach 9,134 kilo tons by 2022, at a CAGR of 6.37% 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 during forecast period 2016 to 2022
Competitive Analysis-
The major Key Players in Organic Spices Market are • Simply Organic (U.S) • 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) • Live Organics Pvt Ltd (India)
Based on organic spice function, flavor formed an essential function base for organic spices enabling it to gain maximum share 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. Based on organic spice form, whole form and powdered form held a major share in the organic spices market in the year 2016. Increase in demand for convenience products there is strong potential for powder form growth in the organic spices market. Crushed/chopped/flakes are emerging as new segment especially for bakery and pizza
Regional Analysis
Global Organic Spices Market is segmented into Europe, North America 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.
