Organic Spices Market
The Organic Spices Market is presumed to witness an annual growth of 4.8% over the forecast period. The growing number of health-conscious consumers and increasing awareness about the benefits of organic species will drive the market growth.
Organic Spices Market Dynamics
The organic spices market is projected to grow at a faster rate over the coming years because of the growing awareness concerned with the negative impacts of chemicals, additives, and pesticides. The remarkable changes in food consumption trends and increasing prominence of exotic food are some other factors propelling the market growth. The global organic spices market forecast projects that the growing prominence of global and multi-cuisine, rising preference for convenient spices to save time while cooking are other factors propelling the market growth. Spices offer several health benefits, such as authentic flavour and taste. Organic spices, such as ginger and turmeric, have antioxidant properties. Turmeric helps in healing health conditions, including joint pains, Alzheimer’s disease, and cancer.
Moreover, the growing consumption of ready to eat food items such as soups, snacks, and bakery products and the invention of latest flavors in the ready to eat food segment have elevated the organic spices market size.
The commercial segment is expected to lead the market over the forecast period. The growing demand for spices from restaurants, food processing units, and food ventures will bolster the market growth. Also, the increasing trend of fast food and dining out in Asia-Pacific nation, including India, Bangladesh, and China, has fuelled the organic spices market share. Furthermore, the household sector is projected to witness a higher CAGR during the forecast period owing to the rising recognition towards the health benefits of home cooked food and usage of organic spices.
Organic Spices Market by Product
Organic Spices Market by Application
Organic Spices Market by Distribution Channel
- Supermarkets/ Hypermarkets
- Convenience Store
Organic Spices Market by Region:
- Asia Pacific
- Rest of APAC
- North America
- United States of America
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
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