Market Research Future (Food and Beverages) Organic Spices and Herbs Market Size, Share, Trend | Page 3

Organic Spices and Herbs Market Research Report- Forecast to 2023
2 Market Overview
The global market for organic spices and herbs has witnessed continued demand during the last few years and is
projected to reach around 3,687 kilo tons by the year 2023, at a CAGR of 3.72% during the forecast period 2017 to
2023. Increase in versatile demand across various food and beverage segments particularly for convenience foods
and beverages is likely to drive the global organic spices and herbs market.
Asia Pacific region is estimated to dominate the market with more than 75% of market share in the year 2017 due
increasing production of organic spices in India, China and Vietnam since last few years. Guatemala and Mexico are
major markets for organic spices and herbs in the North and Central American region. Strong potential for production
as well as higher consumption favors organic spices and herbs market growth the most among these regions.
India is the major producer, consumer and exporter of herbs & spices in the world. India has wide variety of herbs &
spices due to different agro-climatic conditions and soil types. Hence, India remains prime focus for organic herbs &
spices market due to huge potential for both supply and demand. Vietnam, Indonesia, Spain and Guatemala are
among the other top emerging markets for organic herbs & spices. The world demand for organic herbs & spices is
growing rapidly especially in developed countries like Spain, U.S., Japan and Australia.
Intended Audience:







Organic Spices and Herbs Manufacturers
Food and beverage Industry
Agriculture Industry
Pharmaceutical Industry
E-commerce
Retailers and wholesalers
Traders, importers and exporters
Page | 3
Copyright © 2017 Market Research Future.