Spices are known for several health benefits apart from authentic flavor and taste. Organic spices like ginger and turmeric have anti-inflammatory and anti-oxidant properties, making them a favorite of every household. In fact, turmeric also has properties to reduce the effect of diseases like joint pain, Alzheimer’s, and tumors. Now, increasing awareness about such medicinal and health benefits of organic spices is foreseen to boost the demand in the global organic spices market.
The demand in the global market is majorly fueled by increased demand for spicy food. However, the demand for various spices depends on region and countries. But, urbanization and globalization are estimated to overcome their geographical hurdles and give the market a stir for good.
Increased consciousness about the harmful effects of pesticides and chemicals in non-organic spices is foreseen to accelerate the demand in the global organic spices market within the forecast period. In addition, changing food habits, the popularity of different cultures, and the trend of consumption of exotic foods are expected to boost the market growth further. Besides, rising preference for ready-to-use spices is also encouraging the leading players to invest in the market and encash the opportunities for growth.
The global organic spice market is majorly segregated into product type, application, and region. In terms of product, type is divided into mustard seeds, nutmeg, cinnamon, pepper, clove, turmeric, ginger, and others. Based on application, the global organic spice market is classified into indirect and indirect.
On the basis of geography, the Asia Pacific region is estimated to lead the global organic spice market within the forecast period, owning a major market share. This is attributed to the rise in consumption of ethnic and organic flavored spices across the world. In addition, the shift in food habits and more acceptances to multi-cultural cuisines in emerging countries like China and India, where the people of mixed economies reside are also fueling the demand in the regional market. In addition, the launch of new flavors, rising disposable income, and wider acceptance of various tastes are some more factors boosting the demand in the regional market.
After Asia Pacific, the market is led by Europe, registering significant growth in the coming years. This is attributed to new product launches in France and the UK. A well-known market player McCormick expanded its product range of organic spices and herbs in the above-mentioned countries.
The leading players in the global organic spice market are Live Organics, Yogi Botanicals Pvt. Ltd., Starwest Botanicals, Rapid Organic Pvt. Ltd., Rocky Mountain Company, Salzhäusl Himalaya-Kristallsalz GmbH, Earthen Delight, and Organic Spices Inc. Recently, Organic Condiments came up with 32 new organic spices products, expanding its portfolio, known for 100% healthy and natural organic spices and condiments.