International

Global organic spices market expected to reach $1.104 billion by 2022

Spices & Additives

The global organic spices market is expected to rise at a compound annual growth rate (CAGR) of 6.37% to 1.104 billion dollars by the end of 2022, according to Market Research Future's (MRFR) latest report Cooked Research Report on Global Organic Spices Market Trends & Forecast 2016 to 2022.

Posted on Sep 11 ,10:00

Global organic spices market expected to reach $1.104 billion by 2022

 

According to MRFR, there has been a strong demand for organic spices in the last few years and it's projected to reach 9,134 kilo tons by 2022, with a CAGR of 6.37% between 2016 and 2022. The global market for organic spices is likely to be driven in the following years by the convenience foods and beverages.

The major producers of spices in the world are India, China, Africa and the Middle East. The report shows that spice exports are considerably contributing to the gross incomes of these countries.

"Organic spices are generally sold at premium spices and also in greater demand which can further enhance export revenues in major spice producing countries. Organic farming mechanism starts at grass root level conserving the generative and renewing capacity of the soil, plant nutrition, and soil management, yields nutritious food rich in vitality which has resistance to diseases. Food safety, flavors, medicinal properties and health benefits are driving the organic spices market."

Strong demand for organic spices comes from Europe, USA, Japan and Australia.


The report identifies as key players on the global organic spices market the following companies: Frontier Natural Products, Rapid Organic, SOAP, Simply Organic, Earthen Delight, Yogi Botanicals Pvt Ltd, Live Organics Pvt Ltd, The Spice Hunter, Inc. and Starwest Botanicals Inc. "The Global Organic Spices Market is dominated by the tier 1 manufacturers operating in the market, these players account for more than half of the revenue of global Organic Spices market." 

 

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