Food, Nutrition & Animal Feed Organic Spice Market- PDF

Organic Spice Market share to exceed $ 40 Bn by
2024: Global Market Insights Inc.
The research report Organic Spice Market Size By Product (Chilli, Ginger,
Turmeric, Garlic, Coriander/ Cilantro, Nutmeg & Mace), By Application (Culinary,
Meat & Poultry Products, Sauces & Dips, Snacks & Convenience Foods, Soups
& Noodles, Ready To Eat Meals), Industry Analysis Report, Regional Outlook
(U.S., Canada, Germany, UK, France, Italy, Russia, Sweden, Hungary, China,
India, Japan, South Korea, Australia, Indonesia, Vietnam, Brazil, Mexico,
Argentina, Saudi Arabia, UAE, South Africa, Egypt), Growth Potential, Price
Trends, Competitive Market Share & Forecast, 2018 – 2024 by Global Market
Insights, Inc. says, Global Organic Spice Market size is set to exceed USD 40 Billion
by 2024
Rising awareness among consumers regarding the medicinal properties and health
advantages of natural spices consumption will primarily drive the industry growth.
Shifting preference towards chemical free ingredients owing to their notable health
benefits including anti-inflammation and pain-relieving properties is expected to propel
the Organic Spice Market growth. The increasing preference for international cuisines
and gourmet products have enhanced the natural ingredients demand particularly for
flavoring applications. Since the product is usually sold at premium prices, its demand
can boost the export revenue in the countries with its high production over the coming
years. However, higher price trend and low shelf life may hamper the organic spice
market growth. Global Organic Spice Market size is estimated to exceed USD 40 Bn
by 2024; according to a new research report by Global Market Insights, Inc.
The industry has witnessed huge investments from the government as well as private
investors that paves opportunistic ways for the market participants to increase
profitability. Various countries are making various efforts to increase the consumption
of naturally grown food by expanding land for its cultivation and enabling favorable
regulations. Garlic is expected to showcase dominance in organic spice market,
generating more than 2.5 million tons by 2024. High revenue generation is attributed
to rising demand for flavoring agents in numerous domestic and international dishes
across the globe. Proliferating demand for various applications such as culinary, RTE
and savory foods will further support the industry dominance. Ginger will exhibit over
6% CAGR from 2018 to 2024 owing to its high usage in processed food industry. High
consumer preference due to its indigenous medicinal properties coupled with high
rising demand from numerous variants including ginger bread and premium sauces
will drive the organic spice market growth.
Culinary contributed for dominating share accounting for over 30% of the organic spice
market in 2017. Regular usage of ingredients including garlic, ginger, coriander, and
chilli for preparing numerous cuisines along with their benefits will contribute
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