Due to the increasing demand of natural flavoring agent the market is growing at an incremental pace of development on the global stage. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Organic Spices Market Analysis Research Report- Forecast to 2024 that the Organic Spices market will demonstrate an exceptional CAGR.
The world demand for organically produced foods is growing rapidly in developed countries like Europe, U.S., Japan and Australia which is influencing higher demand for organic spices. Spices are essential part of foods and beverages. Consumers are preferring organic spices over ordinary spices as part of their healthy diet. Many convenience food manufacturing companies have started using organic spices in their food to provide value addition and to make product differentiation from their competitors. This factor is playing key role to drive sales of organic spices. Increasing consumer demand for healthy and organic foods is convincing more retailers to add organic food to their mix.
Increasing importance of spices for various flavors in foods and medicinal properties has resulted in higher demand for spices. On the other hand, rising awareness for food safety related to pesticide residues in spices and related health hazards has triggered higher demand or organic spices. Demand for organic foods has been slower due to reluctance among farmers to shift from traditional methods of farming to organic farming. Change in food trends and adoption of various international food forms encouraging spices consumption in raw form further encourages demand for organic spices
Due to complex certification process, the product launch in the Organic Spices Market Analysis has been limited. During the period 2010-2016, two companies have launched their products with one product each by Frontier Natural Products and Starwest botanicals Inc. Major companies are investing into R&D in the organic spices market to sustain competitive advantage. Efforts have been taken to develop the necessary infrastructure for continued growth in the market. Among the major players in the market, Frontier Natural Products, Rapid Organic and Simply Organic have invested considerably in the organic spices market.
The leading market players in the global Organic Spices Market Analysis primarily are Organic Spices (U.S.), Frontier Natural Products (Norway), Rapid Organic (India), SOAP (Sapthsathi Organic Agriculture Project) (India), Simply Organic (Norway), Earthen Delight (India), Yogi Botanicals Pvt Ltd (India), Live Organics Pvt Ltd (India), The Spice Hunter, Inc. (U.S.) And Starwest botanicals Inc. (U.S.)
Global Organic Spices Market Analysis has been divided into type, function, form, application and region.
On The Basis Of Type: Turmeric, Chili, Pepper, Cumin, Garlic, Ginger, Clove, Cinnamon, Nutmeg, Saffron and Others
On The Basis Of Function: Flavor, Color, and Preservative
On The Basis Of Form: Seeds, Whole, Ground/Powder, Crushed/Chopped, Roots, Minced, Flakes
On The Basis Of Application: Culinary, Meat & Poultry Products, Sauces and Dips, Snacks & Convenience Foods, Soups and Noodles
On The Basis Of Region: North America, Europe, Asia Pacific and ROW.
Asia-Pacific region is estimated to dominate the market with 81% in the year 2016 followed by North America with 9% share. 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. India is the major producer, consumer, and exporter of spices in the world. India has wide variety of spices due to different agro-climatic conditions and soil types. Hence, India remains prime focus for organic spices market due to huge potential for both supply and demand. Vietnam, Indonesia, Spain and China are among the other top emerging markets for organic spices