Organic Spices and Herbs Market to Develop Rapidly at CAGR of about 3.72% by 2023 Market Overview: The global market for organic spices and herbs has witnessed continued demand during the last few years and is projected to reach around 3,687 kilo tons by the year 2023, at a CAGR of 3.722% during the forecast period 2017 to 2023. Increase in versatile demand across various food and beverage segments particularly for convenience foods and beverages is likely to drive the global organic spices and herbs market. Asia Pacific region is estimated to dominate the market with more than 75% of market share in the year 2017 due increasing production of organic spices in India, China and Vietnam since last few years. Guatemala and Mexico are major markets for organic spices and herbs in the North and Central American region. Strong potential for production as well as higher consumption favors organic spices and herbs market growth the most among these regions. India is the major producer, consumer and exporter of herbs & spices in the world. India has wide variety of herbs & spices due to different agro-climatic conditions and soil types. Hence, India remains prime focus for organic herbs & spices market due to huge potential for both supply and demand. Vietnam, Indonesia, Spain and Guatemala are among the other top emerging markets for organic herbs & spices. The world demand for organic herbs & spices is growing rapidly especially in developed countries like Spain, U.S., Japan and Australia. Increasing importance of herbs & spices for various flavors in foods and medicinal properties has resulted in higher demand for herbs & spices. On the other hand, rising awareness for food safety related to pesticide residues in herbs & spices and related health hazards has triggered higher demand or organic herbs & 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 herbs & spices consumption in raw form further encourages demand for organic herbs & spices. Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/4175
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