According to the report by Allied Market Research, the global Organic Spices Market garnered $272.8 million in 2018, and is expected to reach $406.6 million by 2026, growing at a CAGR of 5.1% from 2019 to 2026. The research provides a detailed analysis on drivers & opportunities, key segments, major winning strategies, top investment pockets, and competitive intelligence. Increase in number of health-conscious consumers, rise in awareness regarding the health benefits of the consumption of organic spices, and preference for spicy food in some countries drive the growth in the market. However, high margin in prices and variations in trade regulations in importing countries would restrain the growth of the market.
๐ฅ๐ฒ๐พ๐๐ฒ๐๐ ๐ง๐ต๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฃ๐๐ ๐ข๐ณ ๐ง๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.alliedmarketresearch.com/request-sample/5300
Based on product type, the turmeric segment contributed to the major market share in 2018, accounting for more than one-third of the market, and will maintain its lead position during the forecast period. however, the cinnamon segment is expected to grow the fastest CAGR of 7.0% from 2019 to 2026.
๐ ๐ฎ๐ท๐ผ๐ฟ ๐๐ฒ๐ ๐๐ผ๐บ๐ฝ๐ฎ๐ป๐ถ๐ฒ๐ ๐๐ป๐ฐ๐น๐๐ฑ๐ฒ๐ฑ:
Organic Spices Inc.
UK Blending LTD
The Watkins Co.
Daarnhouwer & Co
SunOpta Inc
Spice Chain Corporation
Husarich GmbH
Sabater Spices, AKO GmbH, and Pacific Spice Company, Inc
๐๐๐ ๐ง๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ (๐๐๐ ๐ฃ๐ฎ๐ด๐ฒ๐ ๐ฃ๐๐ ๐๐ถ๐๐ต ๐๐ป๐๐ถ๐ด๐ต๐๐, ๐๐ต๐ฎ๐ฟ๐๐, ๐ง๐ฎ๐ฏ๐น๐ฒ๐, ๐ฎ๐ป๐ฑ ๐๐ถ๐ด๐๐ฟ๐ฒ๐): https://www.alliedmarketresearch.com/checkout-final/b3a9e03bf1a734496ad4195d2a49b360
Spices have been enduring higher demand from the household and commercial sector around the world. It has been used as an effective coloring agent, flavoring agent, or even as a preservative in various cuisines. Asia-Pacific is the largest market for various types of spices due to higher rate of spicy food consumption. Chinese food, Thai food, and Indian cuisine are prepared and served using these spices. Turmeric, chili, pepper, ginger, and coriander seeds are some of the spices gaining higher traction in the Asia-Pacific region. Moreover, over the past couple of years, the Asia-Pacific organic food market has witnessed significant growth in terms of value sales, owing to rise in awareness regarding various health benefits associated with the consumption of organic food products among its consumers. Thus, Asia-Pacific accounts for the highest value share in the global organic spices market.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
Regionally, Asia-Pacific held the highest market share in terms of revenue in 2018, accounting for more than one-third of the total market share. This region would maintain its dominance throughout the forecast period. On the other hand, North America would grow at the highest CAGR of 5.8% from 2019 to 2026.
Varying and stringent trade regulation is one factor that is expected to hamper the organic spices market growth. Most of the foreign countries impose or regularize its trade regulations, which make it difficult to import organic spices for food manufacturer at one point. They even incur various other costs such as higher transportation cost as well as maintenance cost, which makes the organic spices much costlier.
๐ง๐ฎ๐ฏ๐น๐ฒ ๐ข๐ณ ๐๐ผ๐ป๐๐ฒ๐ป๐:
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings
2.1.1. Top impacting factors
2.1.2. Top investment pockets
2.2. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Parent/Peer Market Overview (2016-17)
3.3. Key Forces Shaping Organic Spices Market
3.4. Pricing Analysis
3.4.1. Pricing Analysis of Organic Spices, By Region, 2018& 2025
3.5. Market evolution/ Industry roadmap
3.6. Value Chain Analysis
3.7. Case Study
3.7.1. Case Study on Xiaomi Corporation
3.8. Market dynamics
3.8.1. Drivers
3.8.1.1. Surge in demand for organic products
3.8.1.2. Preference for spicy cuisines
3.8.2. Restraints
3.8.2.1. High marginal price of the product
3.8.2.2. Lower product penetration in untapped market
3.8.3. Opportunities
3.8.3.1. Surge in demand for clean-labelled food products
3.8.3.2. Increase in rate of internet penetration
๐๐จ๐ ๐๐จ๐ง๐ญ๐ข๐ง๐ฎ๐…..
๐๐ป๐พ๐๐ถ๐ฟ๐ฒ ๐๐ฒ๐ณ๐ผ๐ฟ๐ฒ ๐ฃ๐๐ฟ๐ฐ๐ต๐ฎ๐๐ถ๐ป๐ด ๐ง๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.alliedmarketresearch.com/purchase-enquiry/5300
Some of the key non-profit organizations have been taking necessary steps to boost the production of organic spices. For instances, in 2015, the Indian Spices Board started promoting the cultivation and export of organic spices from India with special emphasis on organic production of spices in North Eastern states. The Spices Board provides 50% subsidy for various programs such as support for vermicompost units, establishment of bio-agent production units, organic seed banks (production of organic planting materials/nurseries), organic value addition/processing unit, and organic farm certification assistance.
๐๐ต๐ฒ๐ฐ๐ธ ๐ผ๐๐ ๐บ๐ผ๐ฟ๐ฒ ๐ฟ๐ฒ๐น๐ฎ๐๐ฒ๐ฑ ๐๐๐๐ฑ๐ถ๐ฒ๐ ๐ฝ๐๐ฏ๐น๐ถ๐๐ต๐ฒ๐ฑ ๐ฏ๐ ๐๐ ๐ฅ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต:
Food Ingredients Market – https://www.alliedmarketresearch.com/food-ingredients-market-A11028
India Olive Oil Market – https://www.alliedmarketresearch.com/india-olive-oil-market
Organic Dairy Food and Drinks Market – https://www.alliedmarketresearch.com/organic-dairy-food-and-drinks-market
Organic Snacks Market – https://www.alliedmarketresearch.com/organic-snacks-market
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of โMarket Research Reportsโ and โBusiness Intelligence Solutions.โ AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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