Organic Spices Market Overview: Organic Spices Market was worth USD 20 billion in 2018, and it is estimated to reach a valuation of USD 22.98 billion by the end of 2025, expanding at an annual compound rate of 7.5% between 2020 and 2025. The health benefits of various flavors are expected to drive demand for organic flavors in the near future. The rise in demand for organic spices in the food and beverage sector has stimulated the market for organic flavors. Organic Spices Market Growth Drivers: The demand for organically grown spices is expected to increase as awareness of the harmful effects of chemicals, pesticides and additives increases. Other factors, such as changing food consumption trends and the popularity of ethnic and exotic foods, are supposed to drive growth. In addition to innovating new flavors in the prepared foods sector, increased consumption of prepared foods such as soups, snacks, and frozen and baked goods is assumed to boost demand for products. The popularity of multi-cuisine and international dishes is also likely to be a significant factor in driving demand for organic spices. Demand for flavors in powder form is expected to accelerate as customer preference for ready-to-use flavors increases to save time during cooking without compromising taste. The importance of a full flavor incorporating ethnic ingredients is presumed to be a major driving force in the growth of the market in the next eight years. High price margins in importing countries and various trade regulations are deemed to hamper the growth of the organic spice market worldwide. High production and logistics costs result in a higher price range for organic spices than traditional spices. Withdrawal among farmers who convert conventional farming methods to organic farming, slow production in some regions may hinder the market growth.
Organic Spices Market Segmentation Analysis: By Product:
Clove Pepper Ginger Cinnamon Turmeric Mustard Seeds Nutmeg
By Form:
Powder Extract Raw Granular