Market Research Report
Organic Spice Global Market Report 2022
|Organic Spice Global Market Report 2022|
The Business Research Company
Content info: 175 Pages
Delivery time: 2-10 business days
“Organic Spice Global Market Report 2022 ” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global organic spice market.
This report focuses on organic spice market which is experiencing strong growth. The report gives a guide to the organic spice market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Where is the largest and fastest growing market for the organic spice? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Organic Spice market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider organic spice market, and compares it with other markets.
Markets Covered: 1) By Product: Organic Ginger; Organic Turmeric; Organic Clove; Organic Pepper; Organic Cinnamon; Organic Nutmeg; Organic Mustard Seeds; Other Products
2) By Form: Whole; Raw; Powder; Seeds; Other Forms
3) By Applications: Commercial; Household
4) By Distribution Channel: Supermarkets Or Hypermarkets; Convenience Store; Online; Other Distribution Channels
Companies Mentioned: Rapid Organic Pvt. Ltd.; Organic Spices Inc.; Yogi Botanicals International; The Spice Hunter; Frontier Co-op
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Major players in the organic spice market are: Rapid Organic Pvt. Ltd., Organic Spices Inc, Yogi Botanicals International, The Spice Hunter, Frontier Co-op, Live Organics, Starwest Botanicals, Rocky Mountain Spice Company, The Spice House, Spices Inc, UK Blending LTD, The Watkins Company, Spice Chain Corporation, McCormick & Company, and Aryan International.
The global organic spice market is expected to grow from $23.68 billion in 2021 to $26.65 billion in 2022 at a compound annual growth rate (CAGR) of 12.5%. The organic spice market is expected to reach $37.48 billion in 2026 at a CAGR of 8.9%.
The organic spice market consists of sales of organic spices by entities (organizations, sole traders, partnerships) that are grown without chemicals and preservatives and are not fumigated or irradiated. Organic spices do not include synthetic caking agents or chemical additions and are not farmed with pesticides or genetically altered components (GMOs). From seed to plate, they are kept to the highest standards.
The main types of products in organic spices are organic ginger, organic turmeric, organic clove, organic pepper, organic cinnamon, organic nutmeg, organic mustard seeds, and others. The organic ginger spice is used as a healing root in juices or teas, snacks, or even as a condiment in the kitchen. It is grown organically. The various forms include whole, raw, powder, seeds, and others, which are distributed across several channels such as supermarkets and hypermarkets, convenience stores, online, and others. The applications of organic spices are commercial and household.
Asia Pacific was the largest region in the organic spice market in 2021. The regions covered in the organic spice market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The organic spice market research report is one of a series of new reports from The Business Research Company that provides organic spice market statistics, including organic spice industry global market size, regional shares, competitors with an organic spice market share, detailed organic spice market segments, market trends and opportunities, and any further data you may need to thrive in the organic spice industry. This organic spice market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
An increase in demand for organic food products is significantly contributing to the growth of the organic spice market. Organic food is in great demand because people believe that it is healthy and better for immunity. Organic food demand, on the other hand, is expanding at a steady rate, which is giving rise to the demand for organic herbs, spices, and seasonings. For instance, in May 2021, an organic industry survey conducted by Organic Trade Associations (OTA) showed that organic sales (including organic food products) in the United States increased by a record 12.4% to $61.9 billion in 2020. Therefore, the increase in demand for organic food products propelled the growth of the organic spice market.
Product innovations are the key trends gaining popularity in the organic spice market. The major players in the market are developing innovative products for market growth. For instance, in December 2020, ORCO, an India-based natural products manufacturer, launched a new range of organic condiments and spices for its customers across India. The company has launched 32 new products, adding to its vast portfolio of 100% natural, healthy and certified organic condiments and spices. ORCO spices are free of pesticides and other potentially harmful chemicals. To preserve their natural qualities, color, flavor, and scent, they are hand-ground on a hand mill (chakki).
In July 2020, ITC Limited, an India based conglomerate company, acquired Sunrise Foods Private Limited (SFPL) for a deal amount of $287.7 million. The acquisition is expected to enable ITC to ramp up its existing spice portfolio under the Aashirvaad brand. Sunrise Foods Private Limited is an India-based company that specializes in organic spices.
The countries covered in the organic spice market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.