Organic Spices Market Size & Share - Industry Trend and Forecast 2019 – 2026

Posted by facto on November 21st, 2019

Facto Market Insights has carefully uploaded a smart research report titled Organic Spices Market Size & Share - Industry Trend and Forecast 2019 – 2026, to its broad online database. The concerned market is discoursed based on a variety of market influential factors such as drivers, opportunities and restraints. This study tends to inform the readers about the current as well as future market scenarios extending up to the period until forecast period limit; 2026. The research study examines the Organic Spices on the basis of a number of criteria, such as the product type, application, and its geographical presence.

The global organic spices market was valued at 2.8 million in 2018 and is projected to reach 6.6 million by 2026, growing at a CAGR of 5.1% from 2019 to 2026.

Chinese and Thai cuisines have been gaining popularity in some of the major countries around the globe. These cuisines are being prepared using spices, which act as coloring or flavoring agent. On the other hand, the demand for organic food products or ingredients has been increasing significantly around the globe. Therefore, these factors are expected to fuel the growth of the organic spices market.

Furthermore, over the past of couple of years, there has been rise in awareness regarding the benefits of clean label food products among the consumers. Therefore, the consumers seek visibility on food products that they consume. This in turn provides lucrative opportunity for the market in the food & beverages industry.

However, higher price margins and stringent trade regulations adopted by importing countries are expected to hamper the growth of the organic spice market. Organic spice prices are usually higher by 60% compared to its conventional spices, which makes it costlier for both household and commercial sectors. 

Some of the key non-profit organizations have been taking necessary steps to boost the production of organic spices. For instances, in 2015, the Indian Spices Board started promoting the cultivation and export of organic spices from India with special emphasis on organic production of spices in North Eastern states. The Spices Board provides 50% subsidy for various programs such as support for vermicompost units, establishment of bio-agent production units, organic seed banks (production of organic planting materials/nurseries), organic value addition/processing unit, and organic farm certification assistance.

The global organic spices market is segmented based on product type, form, distribution channel, and region. Based on product type, the global organic spices market is segmented into ginger, turmeric, clove, pepper, cinnamon, nutmeg, mustard seeds, and others. Among these product types, turmeric accounts to higher value share due to its large-scale application in various cuisines

KEY BENEFITS FOR STAKEHOLDERS

• The report provides an extensive analysis of the current and emerging market trends and opportunities in the global organic spices market.
  • The report provides detailed qualitative and quantitative analysis of current trends and future estimations that help evaluate the prevailing market opportunities.
  • A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
  • An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
  • The report provides extensive qualitative insights on the potential segments or regions exhibiting favorable growth.

By Product Type

• Ginger
  • Turmeric
  • Clove
  • Pepper
  • Cinnamon
  • Nutmeg
  • Mustard Seeds
  • Others

By Form

• Powder
  • Granular
  • Extract
  • Raw

By Distribution Channel 

• Direct
  • Indirect 

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