Study Objectives of Organic Spices Market Forecast to 2022

  • Detailed analysis for individual micro and macro markets for organic spices
  • To estimate market size by type, by form by application and region
  • To understand the supply and demand dynamics of organic spices
  • To provide region level market analysis and future outlook for U.S., Europe, China, Japan, and South-East Asia
  • Company profiling of major players & competitive positioning for the organic spices market
  • Value chain analysis and supply chain analysis of organic spices
  • Analysis of historical market trends, and technologies, and current government regulatory requirements related to organic spices market

Market Forecast

The global market for organic spices has witnessed continued demand during the last few years and is projected to reach 5,981 kilo tons by 2022, at a CAGR of 4.89% from 2016 to 2022. Increase in versatile demand across various food and beverage segments particularly for convenience foods and beverages is likely to drive the global organic spices market during forecast period 2016 to 2022

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Key Findings

  • The global organic spices market is projected to USD 1.104 billion by 2022
  • In 2016, chillies among the various organic spices accounted for the highest share

Organic Spices is majorly used for flavor application and is projected to grow at rate of 6.51% during the forecasted period

By Application analysis-

Based on organic spice function, flavor formed an essential function base for organic spices enabling it to gain maximum share in the year 2016 followed by color. Spices have been majorly used for flavoring or as a garnish since ancient times. The flavor of a spice is derived in part from compounds (volatile oils) from various parts of plants roots, seeds, bark and other plant parts. Based on organic spice form, whole form and powdered form held a major share in the organic spices market in the year 2016. Increase in demand for convenience products there is strong potential for powder form growth in the organic spices market. Crushed/chopped/flakes are emerging as new segment especially for bakery and pizza preparations.

Key Players

The leading market players in the global organic spices market primarily are Organic Spices, Frontier Natural Products, Rapid Organic, SOAP, Simply Organic, Earthen Delight, Yogi Botanicals Pvt Ltd, Live Organics Pvt Ltd, The Spice Hunter, Inc. And Starwest botanicals Inc.

 

Competitive analysis-

The major key players in organic spices market are

  • Organic Spices Inc. (U.S.)
  • SOAP (Sapthsathi Organic Agriculture Project) (India)
  • Frontier Natural Products Co-op (U.S)
  • Sun Impex (Netherland)
  • Earthen Delight (India)
  • Salzhausl Himalaya Kristalllsaiz (Germany)
  • Alemad Herbs (Egypt)
  • Simply Organic (U.S)
  • Yogi Botanicals (India)
  • Live Organics Pvt Ltd (India)

Organic Spices market is dominated by key manufacturers. Many key manufacturers are focusing on R&D activities to increase production of organic spices at large scale efficiently.

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Regional Analysis

The global organic spices market is segmented into North America, Europe, and Asia Pacific along with rest of the world (RoW). Asia-Pacific region is estimated to dominate the market in the year 2016 followed by North America. India, China and Vietnam are major organic spice producers in the Asia-Pacific region. Presence of various agro-climatic zones and seasons support various organic spices production in this region. Guatemala and Mexico are major organic spices market in the North-American region. Strong potential of spices production and consumption favors organic spices market growth the most among the various regions in the world.

LIST OF FIGURES

FIGURE 1 RESEARCH METHODOLOGY

FIGURE 2 PRIMARY DATA ANALYSIS APPROACH

FIGURE 3 SECONDARY DATA ANALYSIS APPROACH

FIGURE 4 TREND IN ORGANIC SPICES IMPORTS 2011-15

FIGURE 5 GROWTH RATE IN ORGANIC SPICES IMPORTS 2011-15

FIGURE 6 ORGANIC SPICES IMPORTS MARKET SHARE BY TOP 5 IMPORTERS (2011 VS 2015)

FIGURE 7 TREND IN ORGANIC SPICES EXPORTS 2011-15

FIGURE 8 GROWTH RATE ORGANIC SPICES EXPORTS 2011-15

FIGURE 9 ORGANIC SPICES EXPORTS MARKET SHARE BY TOP 5 EXPORTERS (2011 VS 2015)

FIGURE 10 ORGANIC SPICES PATENT SHARE BY COMPANY

FIGURE 11 ORGANIC SPICES PATENT SHARE BY PRODUCT

FIGURE 12 VALUE CHAIN ANALYSIS

FIGURE 13 COST ANALYSIS: ORGANIC SPICES

CONTINUED…………………………………………………………………

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