The global organic spice market is anticipated to grow at a significant CAGR of 5.2% during the forecast period. The rising awareness among consumers about a healthy diet is expected to drive the organic spice market. Organic spices assist in fighting various diseases and contribute towards a better lifestyle. Organic spices add more nutrients than non-organic ingredients. These spices are produced with the help of natural compost due to which these are more nutritious and better for health and help to tackle various diseases including cancer, digestive problems birth defects, and more. Further, various initiatives are being taken to promote the organic spices market. For instance, in March 2021, a new brand was launched for organic food to bring healthy food practices. The brand was named as 1Organic, which closely worked with farmers and women to make them aware of the benefits of organic produce. Organic provides products including pulses, millets, spices, grains, and others.
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Impact of COVID-19 Pandemic on Global Organic Spice Market
The COVID-19 pandemic has spread to almost every country globally. It resulted in stringent lockdown due to which there was a disturbance in production and supply chain. The lockdown imposed various restrictions on transportation and businesses, however, food products were declared as essential commodities due to which there was relaxation in transportation and distribution of such products. Further, demand for organic spices increased during COVID-19 due to increased concern of consumers towards health as the COVID-19 cases were increasing gradually. Organic spices help in boosting immunity due to which there was a shift in consumer preference towards organic spices during COVID-19.
Segmental Outlook
The global organic spice market is segmented based on the product, form, application, and distribution channel. Based on the product, the market is sub-segmented into chili, ginger, turmeric, garlic, coriander, black pepper, nutmeg & mace, and others. Among these, black pepper is expected to hold a larger share in the organic spice market due to its distinctive and sharp flavor. Based on the form, the market is sub-segmented into powder, granular, extract, and raw spices. Based on the application, the market is sub-segmented into culinary, meat & poultry products, sauces & dips, snacks & convenience foods, soups & noodles, and others. Based on the distribution channel, the market is sub-segmented into supermarkets/hypermarkets, convenience stores, and online channels.
by Product (Chili, Ginger, Turmeric, Garlic, Coriander, Black Pepper, Nutmeg & Mace, and Others),
by Form (Powder, Granular, Extract, and Raw Spices),
by Application (Culinary, Meat & Poultry Products, Sauces & Dips, Snacks & Convenience Foods, Soups & Noodles, and Others),
by Distribution Channel (Supermarkets/Hypermarkets, Convenience Store, and Online Channel)
Market Players Outlook
The major companies serving the global organic spice market include Earth Root Spices and Herbs LLP., Frontier Co-op., Live Organics Pvt.Ltd, Organic Spices Inc., Rapid Organic Pvt. Ltd., Rocky Mountain Spice Co., Spice Hunter, SpicesInc.com., Starwest Botanicals, The Spice House, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, RAPS GmbH & Co. acquired a major share in Biova GmbH in January 2021. The company focused on strategic acquisition to expand its portfolio in organic spices to meet the increasing demand for sustainable and healthy products.
The Report Covers
Market value data analysis of 2021 and forecast to 2028.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global organic spice market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.
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