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  • Organic spice market

Organic Spice Market Size, Share, and COVID-19 Impact Analysis, By Type (Ginger, Turmeric, Chili, Clove, Pepper, Cinnamon, Nutmeg, Mustard Seeds, Others), By Application (Meat & Poultry, Bakery & Confectionary, Frozen Food, Snacks & Convenience Food, Others), By Distribution Channel (Supermarkets or Hypermarkets, Convenience Stores, Online), and by Region Analysis and Forecast 2022-2028

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Market Perspective

The global Organic Spice Market was valued at USD 322.9 Mn in 2021. The market is projected to grow USD 440.05 million by 2028, at a CAGR of 4.52%. The market is witnessing the increasing awareness of health-conscious consumers and high demand for organic products.

The expansion of the worldwide organic food and beverage industry is fueled by an increase in the number of health-conscious customers and increased knowledge of the health advantages connected with the consumption of organic spices. In terms of consumption of various sorts of organic food items, Asia Pacific and North America are the leading regions of the organic spice market.

organic spices market report

The usage of spices to provide sweeteners, flavor enhancers, aroma, preservation, and food colorants are the major factors for spice manufacturers. It is available in different forms such as powdered, extracted, granular, and raw. Additionally, few manufacturers are focusing on the customer preference for the demand for organic products which is expected to drive the organic spice market growth.

Increasing populations across the world have created a demand for spice consumption in the market. The growing number of Asian immigrants in North America is influencing local food dishes. In North America, a growing number of Indian and Chinese restaurants are serving ethnic cuisines with a variety of ingredients, boosting the usage of spices in varied cuisines. Adding herbs and spices to dairy recipes has both nutritional and therapeutic benefits.

On a global basis, the food sector is continually developing, creating several prospects for spice suppliers. Increasing promotional activities by major organic spice manufacturers throughout the world on social media, television, newspapers, and other platforms are likely to propel the organic spice market forward in the future years.

COVID-19 ANALYSIS

The Covid-19 epidemic impacted the market’s distribution, supply chain & logistics, and manufacturing. The outbreak of Covid-19 has forced governments around the world to deploy severe rules such as lockdowns, temporary shutdowns, and social distancing, causing disruption in the production of raw materials and in turn increased cost of raw materials. However, food products were considered a basic necessity by governments allowing spices to be easily available. Furthermore, growing consumer concern related to health is driving the demand for organic and natural spices owing to their immunity-boosting abilities is likely to drive the organic spice market.

Organic Spice Market

LATEST TREND

Rising Acceptance of Herbal Spices-Based Therapeutics

The demand for herb-based decoction for treating viral symptoms is the major trend propelling the global organic spice market. A decoction was majorly used during the COVID-19 epidemic as it provides immune regulation and fever reduction across consumers. The extracts of spices like black pepper, cinnamon, cloves, and nutmeg are natural preventive components for several diseases and act as an antioxidant in body cells.

DRIVING FACTORS

Increase in Number of Health Consciousness Among Individuals

Rising health consciousness among individuals and increasing awareness of various health benefits powered by spices are driving the global organic spice market. Organic spices have the capability to tackle various allergic symptoms including improving immunity, preventing allergies and nasal congestion, being anti-inflammatory, detoxification, improving heart health, and others. These are major factors expected to propel the global organic spice market.

Rising Demand for Natural and Organic Ingredients in the FMCG Industry

Organic spice places a strong prominence on consumer health, environmental conservation, and animal welfare in organic food production. Consumers are increasingly more sensitive about how food quality & preparation, and are willing to pay a premium price for something they believe is healthy. With the coronavirus outbreak, there is a lot of emphasis on supporting local brands. Furthermore, due to the growing demand for organic components in the food sector around the world, spice manufacturers would pay particular attention to organic spices.

RESTRAINTS

Concerns Pertaining to the High Cost of Organic Spices may Hinder the Market Growth

Organic spices are more expensive than traditional spices and are anticipated to restrict the growth of the global organic spice market during the forecast period. Organic spices have a higher manufacturing cost and require more upkeep which has resulted in increasing prices of it. Nonetheless, rising consumer preference for good eating habits resulted in increased consumer expenditure on healthy foods boosting the organic spice market growth.

SEGMENTATION

The global organic spice market is segmented by Type (Ginger, Turmeric, Chili, Clove, Pepper, Cinnamon, Nutmeg, Mustard Seeds, Others), by Application (Meat & Poultry, Bakery & Confectionary, Frozen Food, Snacks & Convenience Food, Others), by Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online) and Region. Based on the type, the market is categorized into Ginger, Turmeric, Chili, Clove, Pepper, Cinnamon, Nutmeg, Mustard Seeds, and Others. Based on application, the market is categorized into Meat & Poultry, Bakery & Confectionary, Frozen Food, Snacks & Convenience Food, Others. Based on distribution channel, the market is categorized into Supermarkets/Hypermarkets, Convenience Stores, Online. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, South America, Middle East and Africa.

Type Insights

Based on the type segment, the global organic spice market is categorized into Ginger, Turmeric, Chili, Clove, Pepper, Cinnamon, Nutmeg, Mustard Seeds, and Others. The pepper segment has dominated the market share in 2020 owing to the growing awareness associated with the major health benefits. Huge demand across food and beverage manufacturers is creating the demand for pepper which is driving the global market. 

Application Insights

Based on the application segment, the global organic spice market is categorized into Meat & Poultry, Bakery & Confectionary, Frozen Food, Snacks & Convenience Food, and Others. Snacks & Convenience Food held the largest market share of the global organic spice market attributed to the huge preference for multi-cuisines and international dishes among the millennials. Snacks are the major used eating meal across other applications as it takes less time to prepare.

Frozen foods are anticipated over the next few years due to the changing lifestyles across consumers as well as a labor shortage in the hospitality and industrial sectors are fueling the demand of the global organic spice market.

Distribution Channel Insights

Based on the distribution channel segment, the global organic spice market is categorized into Supermarkets/Hypermarkets, convenience stores, and Online. The Supermarkets/Hypermarkets segment dominated the market share in 2020 owing to the easy availability and consumer preference as they believe to touch and check before buying. The online segment is anticipated over the next few years due to the huge popularity of e-commerce platforms like Amazon, Grofers, BigBasket, Dunzo, etc. The e-commerce sector has achieved huge sales due to the Covid-19 epidemic.

REGIONAL INSIGHTS

Europe region is dominating the global organic spice market share owing to the largest consumption of organic spices around the world. European food manufacturers are heavily investing in R&D and innovative products. The inclination of millennials toward organic food and drinks is driving business growth. Owing to the rising consumption of meat and poultry products is expected to witness significant growth in the global market. For instance, in 2017, McCormick expanded its portfolio of spices and organic herbs in France. and the U.K.

Organic Spice Market by region

Asia Pacific region is anticipated to grow over the next few years owing to the large producer and exporter of different spices in the world. The growing popularity of various types of regional cuisines such as Chinese and Thai cuisines is a key element boosting demand for various spices. Presence of large multicultural groups in emerging countries like India, China, and Japan. Furthermore, there has been an increase in demand for organic food products in recent years as customers have become more aware of the health benefits connected with the food product. The combination of these two reasons has resulted in increased demand for organic spices throughout Asia-Pacific.

Key industry Players

  • Ajinomoto Co., Inc.
  • Olam International Limited
  • Sensient Technologies Corporation
  • UK Blending LTD
  • Organic Spices Inc.
  • The Watkins Co.
  • Akay
  • Frontier Co-op
  • Rocky Mountain Spice Company
  • Sauer Brands
  • McCormick & Company, Inc.
  • Kerry
  • Others

Key Industry Developments

October 2021- Olam Food Ingredients has made a strategic move by a partnership with Agri-Neo to provide organically pasteurized dried onions to expand its product line with the help of pasteurization technology.

April 2021- Olam Food Ingredients has acquired Olde Thompson to strengthen the product portfolio and expansion of private label capabilities across the OFI portfolio.

March 2021- Sensient Technologies Corporation has acquired New Mexico Chili Products Inc., to expand the business and robust the logistics and supply chain.

SEGMENTATION

By Type

  • Ginger
  • Turmeric
  • Chili
  • Clove
  • Pepper
  • Cinnamon
  • Nutmeg
  • Mustard Seeds
  • Others

By Application

  • Meat & Poultry
  • Bakery & Confectionary
  • Frozen Food
  • Snacks & Convenience Food
  • Others

By Distribution Channel

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online

By Region

  • North America- U.S., Mexico, Canada
  • Europe- UK, France, Germany, Italy, Spain, Rest of Europe
  • Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
  • South America- Brazil, Argentina, Colombia, Rest of South America 
  • The Middle East and Africa- GCC, South Africa, Rest of the Middle East & Africa

FAQ

The historic period considered was 2017-2020, the base year – 2021 and the forecasted period is 2022-2030 for study.
Yes, you can submit your customization request by clicking on “Enquire now” or “Speak to our Expert”.
Our analysts have been continuously tracking the market since 2015 and the recent study was published in 2022.
The mixed proportion is 70% Primary Interviews and 30% Secondary Research. The Information gathered through the secondary sources is verified by the primaries conducted through various industry experts. Along with this, the whole data is again re-validated through various primary correspondents in order to achieve an accurate outcome.
Our team of analysts is frequently analyzing the changes in the market. Hence, we update our study on a regular basis and provide the updated report on a quarterly basis.
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Organic Spice Market Size, Share, and COVID-19 Impact Analysis, By Type (Ginger, Turmeric, Chili, Clove, Pepper, Cinnamon, Nutmeg, Mustard Seeds, Others), By Application (Meat & Poultry, Bakery & Confectionary, Frozen Food, Snacks & Convenience Food, Others), By Distribution Channel (Supermarkets or Hypermarkets, Convenience Stores, Online), and by Region Analysis and Forecast 2022-2028
Publisher: Kings Research   |   Date: 2022-05-24  |   No. Of Pages: 140
Send Your Query
Organic Spice Market Size, Share, and COVID-19 Impact Analysis, By Type (Ginger, Turmeric, Chili, Clove, Pepper, Cinnamon, Nutmeg, Mustard Seeds, Others), By Application (Meat & Poultry, Bakery & Confectionary, Frozen Food, Snacks & Convenience Food, Others), By Distribution Channel (Supermarkets or Hypermarkets, Convenience Stores, Online), and by Region Analysis and Forecast 2022-2028
Publisher: Kings Research   |   Date: 2022-05-24  |   No. Of Pages: 140
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