Organic Spices Market

Organic Spices Market Size, value, Growth (2023-2028)

Organic Spices Market size was worth USD 24.88 billion in 2023, and it is estimated to reach a valuation of USD 31.95 billion by 2028, with a CAGR of 5.13 % between 2023 and 2028 

Organic spices use new techniques and remove spices from bacteria to avoid harmful pesticides. It is a combination of healthy and safe foods because organic spices guarantee safety. Organic spices like turmeric, ginger, cloves, and cinnamon also have a variety of health benefits. The antioxidant properties of turmeric and ginger help fight Alzheimer's, cancer, and many other viral illnesses. The antibacterial properties of cloves and cinnamon help treat viral diseases and sore throats. Various types of spices that are frequently used include garlic, turmeric, coriander, chili powder, ginger, and nutmeg, and mace.

REPORT COVERAGE:

Global Organic Spices Market Drivers and Restraints:

The rise in demand for organic spices in the food and beverage sector has stimulated the market for organic flavors.

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. There is expected to be an increase in preferences for chemical-free and healthy products, and high demand for traditional and exotic ethnic food flavors is anticipated to drive growth. In addition, the introduction of authentic spices from top brands is estimated to have a positive impact on global demand. An increase in the number of health-conscious consumers and increasing awareness of the health benefits associated with consuming organic flavors are two key factors driving the growth of the global organic food and beverage sector. North America and Europe are notable regions in terms of the consumption of various types of organic food.

This is due to the increase in per capita income in the area and the continuous evolution of the product by the manufacturer. Additionally, some food manufacturers have a strong preference for organic products and have focused on providing food organically. Spices have gradually resisted the trend organically. They are available in different forms depending on consumer preferences, i.e. powders, granules, and liquids, which are expected to promote market growth further. Increased awareness of the health benefits of naturally produced spices due to therapeutic properties will stimulate demand for products during the outlook period. Spices are mainly used for flavoring, preserving, and coloring food. The most commonly used organic ingredients are turmeric, chili, ginger, garlic, coriander, nutmeg, and mace. The strong individual flavor and food-enriching scent for a wide range of food applications remain crucial drivers of demand. Due to the long-lasting aromatic properties, the popularity of exotic natural ingredients in food preparations has a positive effect on the growth of the organic spice market. Spices are an essential ingredient in a variety of cuisines worldwide due to their decorative and flavoring benefits. These ingredients add a balanced amount to each dish, providing a pleasant aroma, and enriching the quality of food. 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, and slow production in some regions may hinder the market growth.

Global Organic Spices Market Segmentation:

Based on Product:

• Clove    

• Pepper

• Ginger 

• Cinnamon

• Turmeric             

• Mustard Seeds

• Nutmeg              

Based on By Form:                      

• Powder               

• Extract 

• Raw      

• Granular             

Based on Distributional Channel:

• Direct

• Indirect

Powder type is projected to yield USD 12.01 billion by 2025 since these items are user-friendly and time-consuming and ready to cook. Due to an increasingly hectic lifestyle, the high demand for ready-to-use products was expected to drive demand further. Soon, rising consumer disposable income is also projected to improve spice use.

In the foreseen period, whole spices are expected to expand by 5.3 percent. This section contains unprocessed and raw materials such as turmeric, ginger roots, cumin seeds, and black pepper. This category is growing because of the growing awareness of the health benefits of the natural use of different spices. For starters, the raw use of black pepper helps cure digestive problems and strengthens the immune system. In addition, awareness of the antibacterial characteristics of turmeric and other spices is expected to remain a significant driver of the segment's growth. Due to the high demand for food processing units, restaurants, and food joints, the commercial segment held the largest market share in 2018. Increasing consumption of fast food and dining is expected to further drive the segment's growth in developing Asia Pacific countries, including China, India, and Bangladesh. Due to increasing awareness of the health benefits of cooked home food and the consumption of organic spices, the household sector, however, is expected to register the quickest CAGR during the projective period.

Organic Spices Market Regional Insights:

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

 Asia-Pacific organic spices market maintained a share of approximately 35% in 2018, driven by changing food trends and increased consumption of flavored and ethnic organic spices influenced by the existence of large multi-cultural groups in evolving economies countries such as China. Growth is expected to be witnessed due to usage in India.

Also, the introduction of new and exotic flavors is anticipated to increase consumer disposable income, and the acceptance of innovative characters is even foreseen to drive local demand. Asia-Pacific also has a significant share of the global organic flavor market, with substantial production of natural flavors in the region. Furthermore, the growing awareness of organic spices and the high consumption of spices in local cuisine is accelerating the growth of the market. 

The European organic spices market expects a significant increase in spice consumption, especially in Sweden and the UK, with an annual compound rate of over 5.5% over the next seven years. As the preference for natural foods increases, consuming ethical foods will support industrial demand.

The European organic spices market is assumed to grow as European countries' preference for multicultural cuisine increases. The expansion of the conventional retail industry, including supermarket chains, will boost local demand. North America is expected to dominate the world with an organic spice market during the projection period. The United States is suspected to be a significant contributor to the organic spice market in the region. The high demand for organic and natural food ingredients in the US population is primarily driving the growth of the North American organic spices market.

Organic Spices Market Key Players

1. UK Blending LTD                              

2. Organic Spices Inc.                          

3. Daarnhouwer & Co                        

4. Spice Chain Corporation                               

5. The Watkins Co.                              

6. Sabater Spices                  

7. Pacific Spice Company, Inc                          

8. Husarich GmbH                

9. AKO GmbH        

10. SunOpta Inc