The "Global Organic Spices Market 2019-2028" report has been added to ResearchAndMarkets.com's offering.
The publisher predicts that the global market for organic spices would witness a CAGR of 9.26% over the forecast period 2019-2028.
The preference for spicy food products, the growth in demand for organic products, and the surge in demand for processed food are primarily driving the growth of this market. Moreover, the surging demand for clean-labeled food products and the increasing rate of internet penetration are creating new opportunities for market growth.
However, the high pricing of organic food products, low product penetration in untapped markets, and the adulteration of these products are restraining the growth of the organic spices market. Furthermore, the uncertainty of climate in various spice-producing countries is challenging the growth of this market.
The global organic spices market encompasses the Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa.
The Asia-Pacific holds the largest share in the global market. China is the largest market in the region, followed by India. The APAC has a favorable climate for the growth of various spices. Thus, it produces the best quality spices, which attracts major players to the regional market. The highest demand for spices is observed in the UK, the US, Germany, and the UAE, and a good amount of these products are exported to these regions. Among spices, there is an increasing demand for the organic variety.
The notable players in this market are Frontier Co-op, Pacific Spice Company Inc, Olam International, Goya Foods Inc, Organic Spices Inc, Ramon Sabater SAU (Sabater Spices), UK Blending Ltd, Daarnhouwer & Co, Bart Ingredients, Ako GmbH, Live Organic, SunOpta, Husarich GmbH, The JR Watkins Co, and Spice Chain Corporation.
Established in 1963, Bart Ingredients supplies food products and ingredients. The company serves customers across the world. It is a subsidiary of the Germany-based company Fuchs Gewrze. Bart Ingredients produces and supplies spices to specialty retail customers, wholesalers, and the food processing & catering industry. Its products include cumin, coriander, cardamom, pepper, and salt.
Key Topics Covered
1. Global Organic Spices Market Summary
2. Industry Outlook
2.1. Market Definition
2.2. Key Insights
2.2.1. Asia-Pacific Holds the Largest Market Share
2.2.2. Cinnamon is the Fastest-Growing Product Type
2.2.3. Turmeric Holds the Largest Market Share
2.3. Evolution & Transition of Organic Spices
2.4. Parent Market Analysis: Organic Food
2.5. Porter's Five Force Analysis
2.6. Value Chain Analysis
2.7. Market Attractiveness Index
2.8. Vendor Scorecard
2.9. Regulatory Framework
2.10. Market Drivers
2.10.1. Growing Demand for Organic Products
2.10.2. Preference for Spicy Food Products
2.10.3. Surge in Demand for Processed Food
2.11. Market Restraints
2.11.1. High Price of Products
2.11.2. Low Product Penetration in Untapped Market
2.11.3. Adulteration of Products
2.12. Market Opportunities
2.12.1. Surge in Demand for Clean-Labelled Food Products
2.12.2. Increase in Rate of Internet Penetration
2.13. Market Challenges
2.13.1. Uncertain Climate in Various Spice-Producing Countries
3. Global Organic Spices Market Outlook - by Distribution Channel
4. Global Organic Spices Market Outlook - by Form
5. Global Organic Spices Market Outlook - by Product Type
6. Global Organic Spices Market - Regional Outlook
6.1. North America
6.4. Latin America
6.5. Middle East and Africa
7. Competitive Landscape
7.1. AKO GmbH
7.2. Daarnhouwer & Co.
7.3. Husarich GmbH
7.4. Organic Spices Inc.
7.5. Pacific Spice Company Inc.
7.6. Ramon Sabater Sau (Sabater Spices)
7.7. Spice Chain Corporation
7.9. The JR Watkins Co.
7.10. UK Blending Ltd.
7.11. Olam International
7.12. Bart Ingredients
7.13. Frontier Co-Op
7.14. Live Organic
7.15. Goya Foods Inc.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20200812005323/en/
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