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Global Spice and herbs extracts Market: Trends and Forecast -2023

Global Spice and Herbs Extracts Market: Trends and Forecasts up to 2023

INFINIUM GLOBAL RESEARCH

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Global Spice and herbs extracts Market: Trends and Forecast -2023

INTRODUCTION

REPORT DESCRIPTION The global food and beverage industry is witnessing rapid changes in eating preferences among consumers and the demand for botanical flavors is on the rise at rapid pace. Spice and herbs extracts, especially, are among the most demanded extracts to add flavors and innovate recipes in food and beverages applications. Although, the global spice and herbs market has experienced steady but sluggish growth in the world market, spice extracts and herbs extracts have seen an upward demand in the world market. This is mainly due to continuous developments in the recipes and beverage flavors. Several large players, including Doehler are now emphasizing products herbs and spice extracts to meet the rising demands by industry worldwide. Innovative tastes play a crucial role to position the food and beverage products among the consumers. Spice and herbs extracts are widely used to give food and beverages unique aroma and flavor these days. Infinium Global Research predicts the global spice and herbs extracts market to grow at a CAGR more than 8% over the period of 2017 – 2023. This report estimates the market size of Spice and herbs extracts in terms of both value (USD million) and volume of consumption (kilotons) over the period of 2015 to 2023. The year 2015 is considered to be a base year, and 2017 to 2023 is considered to be a forecast period. Moreover, the market sizes for Spice and herbs extracts in numerous applications is estimated both in terms of value and volume. This market research study provides detailed qualitative and quantitative analysis of the global Spice and herbs extracts market. Additionally, the report provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of Spice and herbs extracts. The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific, Latin America and Rest of the World (RoW). The market size and forecasts are also given for these regions. Countries with major market volumes and revenues are covered for each of the region

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Global Spice and herbs extracts Market: Trends and Forecast -2023

Furthermore, this report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of Spice and herbs extracts market. Moreover, the study highlights current market trends and provides forecast from 2015 to 2023. We also have highlighted future trends in the global Spice and herbs extracts market that will impact the demand during the forecast period. The IGR- Growth Matrix analysis provided in this report highlights key investing markets in the world. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly. SEGMENTATION AND RE SEARCH SCOPE

SPICE AND HERBS EXTRACTS MARKET SEGMENTATION Polyurethane dispersions Market Types • Water-based polyurethane dispersions • Solvent-based polyurethane dispersions

Region

Application • Natural leather finishing • Textile furnishing • Synthetic leather production • Others (coatings and adhesives)

• • • • •

North America Europe Asia Pacific Latin America RoW

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Global Spice and herbs extracts Market: Trends and Forecast -2023

RESEARCH METHODOLOGY METHODOLOGY

Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the Spice and herbs extracts market, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market. Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days.

RESEARCH METHODOLOGY: AN OUTLINE • Primary sources of the information and data include • Industry Experts/ consultants Primary Research

• Top level executives in the key market players • Subject matter experts • Academicians and research scholars • Secondary sources of the information and data include • Company annual reports

Secondary

research

• Government/institutional publications • Trade and associations’ journals

• Databases • Websites and publications by research agencies • Others

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Global Spice and herbs extracts Market: Trends and Forecast -2023

DATA COLLECTION MATR IX :

RESEARCH METHODOLOGY: DATA COLLECTION MATRIX

Demand Side analysis

Global market size (Consumption)

Supply Side Analysis

Production +Import -Export

Data collection matrix explains the triangulation of the data collected to arrive at the market size of the global Spice and herbs extracts market. The supply side analysis considers the production of Spice and herbs extracts. The supply side analysis also takes into consideration the suppliers of raw materials, the manufacturers and other stakeholders involved into supply of the Spice and herbs extracts. The demand side analysis considers the applications areas of the Spice and herbs extracts market. In this approach the various industry players are considered. The application areas provide the data of consumption of Spice and herbs extracts in the regional as well as global markets. Moreover, this approach helps analyze the future trends and the market size of the global as well as regional Spice and herbs extracts market. In order to arrive at the market size as well as to validate the data findings from supply and demand side analyses the import, export and production data are considered. The consumption in the global, regional as well as country markets is estimated using the following formula Consumption= (Production + Import) – Export 5

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Global Spice and herbs extracts Market: Trends and Forecast -2023

RESEARCH APPROACHES- BOTTOM UP

Arriving at global

market size Market share of key players Bottom-Up Approach

Key Market

Players Arriving at

regional/country market size

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• Accumulation of the country level market size (value and volume) • Regional market size of Polyurethane dispersions and its

applications

• Segment revenue of the key players

• Country level market size by product types and applications (Value and volume)

• Identifying key players in the Polyurethane dispersions market

• Accumulation of the regional/country market size (value and volume) • Global market size of product types and applications

© Infinium Global Research


Global Spice and herbs extracts Market: Trends and Forecast -2023

RESEARCH APPROACHES- TOP-DOWN • Global Market Size of Spice and herbs extracts Market Global market

• % breakdown by market segments by product types and applications Market Segments

Top- Down Approach Determine the regional market size

Country Level market sizing

• Regional market size of the Spice and herbs extracts market (Value and Volume) • Regional market size of product types and applications

• Country level market size of the Spice and herbs extracts market in every region (Value and Volume) • Country level market size of product types and applications in every region

The study on global Spice and herbs extracts market provides deep insights into the trends and opportunities in the market for the forecast period 2017 to 2023. Moreover, the market estimates are provided in terms of revenue in USD million and volume in Kilo tons. Furthermore, the research covers the analysis of the various segments in the global Spice and herbs extracts market. The estimates in the global Spice and herbs extracts market are based on both bottom-up and top-down approaches. In the bottom-up approach the revenues of the key players are determined and added to arrive at country or regional markets size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of Spice and herbs extracts market. In the top-down approach the global market size is estimated based on the secondary research and historic data. Using this approach the regional market size is obtained by splitting the global number by percentage share of each region such as North America, Europe, Asia Pacific, Latin America and RoW.

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Global Spice and herbs extracts Market: Trends and Forecast -2023

GLOBAL SPICE AND HERBS EXTRACTS MARKET HIGHLIGHTS, (USD MILLION) The global Spice and herbs extracts market is expected to grow at a CAGR of 8.0% between 2017 and 2023 in terms of value. Globally, the spice and herbs extracts market is expected to be driven by factors such as growing number of innovative product launches, growing number of consumer eating out, wide range of applications of spices and herbs extracts and rising preference for botanical flavors among consumers. However, inconsistencies in the prices of spices and herbs and high cost of production are primary challenges hampering the growth of this market over the forecast period. North America dominates the world spice and herbs extracts market in terms of dollar share, while Asia Pacific is the largest market in terms of volume. Asia-Pacific is the largest revenue generating segment it is mainly driven by large scale production and consumption of Spice and herbs extracts in developing countries India and China. Europe is the second biggest market for Spice and herbs extracts market followed by North America. They are expected to witness moderate growth due to saturation of end use industries. Some of the key players in the global Spice and herbs GLOBAL SPICE AND HERBS EXTRACTS MARKET, CAGR (VOLUME) GROWTH BY REGIONS (2015 – 2023)

xx.x xx.x xx.x

xx.x xx.x 2015

2015

2021

CAGR: X.X%

2021

xx.x

CAGR: X.X% 2015

2021

CAGR: X.X%

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Global Spice and herbs extracts Market: Trends and Forecast -2023

The Asia-Pacific region is expected to grow at the highest CAGR of x.x % over the forecast period. The market volume of Asia-Pacific Spice and herbs extracts market was XX.X kilo tons in 2015 and it is projected to reach XX.X kilo tons in 2023. Among the geographies, Asia-Pacific dominates the global Spice and herbs extracts market in terms of volume of consumption.

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Global Spice and herbs extracts Market: Trends and Forecast -2023

MARKET OVERVIEW AND COMPETITIVENESS DRO ANALYSIS DRO stands for drivers, restraints and opportunities. The DRO analysis involves, identifying the factors that are likely to have impact on the global Spice and herbs extracts market. It covers analysis of short term and long term impact of drivers and restraints. Through this analysis both short term and long term opportunities are identified. These opportunities present the investment options and new markets for the market players in the Spice and herbs extracts market. Drivers refer to the factors that are expected to drive or boost the market size or demand for Spice and herbs extracts. The analysis involves identification of both demand side and supply side factors that drive the demand as well as environmental factor that favor the market conditions for growth of Spice and herbs extracts market both in short run and long run. IGR- GROWTH MATRIX ANALYSIS Growth matrix developed by Infinium Global Research, also known as IGR-Growth Matrix helps understand the market situation of the business segments. It helps identify the most attractive segment for the investment purpose and helps the companies to make better decisions in strategy making. The IGR- Growth Matrix presents the zones that define the position of the product segment and application segment based on the market size, growth anticipated and the growth factors & historic growth. Following are the zones that IGR- Growth Matrix considers  Risky Zone: Low market size and low growth rate. Investment in this segment is risky  Retention Zone: High market size and low growth rate, the companies operating in this segment should retain their investments in this segment. Companies may focus on extensive marketing and advertisements  Consolidation zone: High growth rate and high market size, the companies operating in the segments that have high market size and high growth should focus on consolidating their market position in these segment. Mergers and 10

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Global Spice and herbs extracts Market: Trends and Forecast -2023

acquisitions, extensive marketing programs, and new product developments can be used as marketing strategies to consolidate the market in these segments.  Opportunity Zone: High growth low market size  Safe Zone: Moderate growth and moderate market size.

IGR- GROWTH MATRIX ANALYSIS Growth Rate

High

Consolidation zone

Opportunity zone

Low Risky zone

Retention zone High

Low North America

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Europe

Asia-Pacific

Market Size

Rest of the World

© Infinium Global Research


Global Spice and herbs extracts Market: Trends and Forecast -2023

NORTH AMERICA SPICE AND HERBS EXTRACTS MARKET BY PRODUCT, 2015 - 2023 (USD MILLION) By geography revenue

2017

2023

Browse Detailed Description and Company Mentioned in this Report @ https://www.infiniumglobalresearch.com/food-beverage/global-spice-herbsextracts-market

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Global Spice and Herbs Extracts Market: Trends and Forecasts up to 2023  

The global food and beverage industry is witnessing rapid changes in eating preferences among consumers and the demand for botanical flavors...

Global Spice and Herbs Extracts Market: Trends and Forecasts up to 2023  

The global food and beverage industry is witnessing rapid changes in eating preferences among consumers and the demand for botanical flavors...

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