Organic Spices Market

GMI Research analysis indicates that the Organic Spices Market is slated to register a CAGR of 7.3% over the forecast period, till 2029.

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Key Drivers

The organic spices market is expected to witness strong demand during the forecast period due to the increasing awareness associated with the harmful effects of pesticides, chemicals, and additives. Some other factors driving the growth of the market include the fundamental change in food consumption trends and the growing popularity of ethnic and exotic food. Moreover, the rising consumption of convenience foods such as snacks, soups, frozen and bakery products, and the innovation of new flavors in the convenience food segment are enhancing the product demand.

Another factor that is surging the demand for organic spices include the rising popularity of global and multi-cuisine. Increasing customer preference for ready-to-use spices to save time while cooking without compromising the flavor is further increasing demand for spices in powdered form. The growing importance of authentic flavors with a fusion of ethnic ingredients is boosting the growth of the market in the upcoming years. Spices have several health benefits, coupled with their ability to add authentic taste and flavor to food. Organic spices, such as ginger and turmeric, have antioxidant properties. Turmeric helps cure various health conditions, including Alzheimer’s disease, joint pains, and cancer. The antiseptic properties of cumin seeds help bolster the immune system. Furthermore, consumer awareness associated with these advantages is projected to propel the product demand in the upcoming years. The organic spices market is witnessing strong growth due to the increasing demand for spicy food.

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Product – Segment Analysis

Based on the product, the market is segmented into whole, powder, and chopped/crushed. The powder segment is expected to dominate the market during the forecast period. The rising demand for ready to use products due to the growing hectic lifestyle is anticipated to surge the demand of the market. Increasing disposable income of the customers is also projected to fuel the consumption of convenience spices in the upcoming years. Moreover, the whole segment is also expected to grow at a higher CAGR during the forecast period. This is mainly due to the growing awareness related to the health benefits of using numerous spices in raw form.

Application – Segment Analysis

Based on the Application, the market is segmented into commercial and household. The commercial segment is projected to dominate the market during the forecast period due to rising consumer demand from restaurants, food processing units, and food joints, among others. Growing consumption of fast foods and dine-outs in emerging countries from the Asia-Pacific, including India, Bangladesh, and China, is further propelling the segment growth. Furthermore, the household sector is anticipated to grow at a higher CAGR during the forecast period owing to the increasing awareness related to the health benefits of home cooked food and usage of organic spices.

Distribution Channel – Segment Analysis

Based on the distribution channel, the market is segmented into supermarkets/ hypermarkets, convenience stores, and online. The supermarkets/ hypermarkets segment is expected to dominate the market during the forecast period due to the growing consumer preference for buying spices from the market. The easy availability of the various product is further boosting the growth of this segment in the upcoming years.

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Regional – Segment Analysis

Based on the region, the Asia-Pacific region is expected to grow at a higher CAGR during the forecast period. This is mainly due to the rising consumption of flavored and ethnic organic spices driven by the drastically changing food trends and the existence of large multicultural groups in developing countries such as India and China. Furthermore, the launch of the new and exotic flavors, increasing consumer disposable income, and acceptance of innovative flavors supports the growth of the regional demand.

Top Market Players

Various notable players operating in the market include Yogi Botanicals, Live Organic, Starwest Botanicals, Salzhäus´l Himalaya-Kristallsalz GmbH, McCormick & Company, Inc., Rocky Mountain Soap., Rapid Organic Pvt. Ltd., Organic Spices Inc., Frontier Co-op., Spice Chain Corporation, and Tierra Farm, among others. 

Key Developments:

• • In 2019, Tierra Farm successfully acquired “Señor Sabor.” The company emphasized on offering organic spices, which eventually help Tierra Farm to launch an extension of products under their spice offerings.

Segments covered in the Report:

The global organic spices market has been segmented on the basis of product, application, distribution channel, and regions. Based on product, the market is segmented into whole, powder, and chopped/crushed. Based on application, the market is segmented into commercial and household. Based on distribution channel, the market is segmented into supermarkets/ hypermarkets, convenience store, and online. 

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Key questions answered in this research report:

• • At what pace is global organic spices market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in organic spices market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global organic spices market?
  • What is the Global Organic Spices Market Size in 2021?
  • Which product generated maximum revenues in 2021and identify the most promising product during the forecast period?
  • What are the various application areas of global organic spices market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Organic Spices Market by Product

• • Whole
  • Powder
  • Chopped/Crushed

Global Organic Spices Market by Application

• • Commercial
  • Household

Global Organic Spices Market by Distribution Channel

• • Supermarkets/ Hypermarkets
  • Convenience Store
  • Online

Global Organic Spices Market by Region

• • North America Organic Spices Market (Option 1: As a part of the free 25% customization)
    • By Product
    • By Application
    • By Distribution Channel
    • US Market All-Up
    • Canada Market All-Up
  • Europe Organic Spices Market (Option 2: As a part of the free 25% customization)
    • By Product
    • By Application
    • By Distribution Channel
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Organic Spices Market (Option 3: As a part of the free 25% customization)
    • By Product
    • By Application
    • By Distribution Channel
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Organic Spices Market (Option 4: As a part of the free 25% customization)
    • By Product
    • By Application
    • By Distribution Channel
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Market Name (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Yogi Botanicals
  • Live Organic
  • Starwest Botanicals
  • Salzhäus´l Himalaya-Kristallsalz GmbH
  • McCormick & Company, Inc.
  • Rocky Mountain Soap.
  • Rapid Organic Pvt. Ltd.
  • Organic Spices Inc.
  • Frontier Co-op.
  • Spice Chain Corporation
  • Tierra Farm