Market Overview

Global Spices & Herbs Market Outlook 2018-2023: Chili & Pepper Leads the Market - ResearchAndMarkets.com

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The "Global
Spices and Herbs market - Growth, Trends, and Forecast (2018 - 2023)"

report has been added to ResearchAndMarkets.com's
offering.

Globally, the spice and herb extracts market is expected to register a
CAGR of 7.1% from 2018 to 2023. This market was estimated to be valued
at USD 6.91 billion in 2017.

International Cuisine to Drive the Herb & Spice Market

The key drivers leading to the growth of the spice and herb extract
markets are the increased availability of international cuisines in the
major economies, shifting consumer focus towards natural products,
increasing demand for convenience foods and rising preference for
botanical flavors among consumers.

Many companies, like Doehler, are focusing on natural herb & spice
extracts as they are becoming popular in every segment of the food and
beverage industry and offer plenty of scope for new and attractive taste
creations.

The inconsistencies in the prices and high cost of production are
primary challenges hampering the growth of the market.

There is a significant scope for small and medium-sized exporters in the
herb and spice extract market, especially from those belonging to the
European region, in case they adopt sustainability measures.

There has been an increased focus and investments in the food and
beverage industry, to develop new flavors and aromas using spice and
herb extracts mainly for convenience foods and confectionery segments.

The growing demand for natural preservatives has opened a line of
markets for herb and spice extracts. Many consumers are becoming aware
of the curative properties of herbs and spices extracts. This has led to
the increased market for the use of these spice and herb extracts in the
nutraceuticals and cosmetic industry.

Key Highlights

  • Chili & Pepper Leads the Market
  • Growing Preference for Organic Spices
  • China, India and Vietnam Leading the Supply Side

Key Topics Covered

1. Introduction

2. Market Insights

3. Market Dynamics

4. Market Segmentation

5. Regional Market Analysis

6. Competitive Landscape

7. Company Profiles

  • All-season Herbs Pvt. Ltd.
  • Associated British Foods PLC
  • Bart Ingredients
  • Doehler GmbH
  • DS Group
  • Frontier Co-op
  • Goya Foods Inc.
  • Kraft Heinz Co.
  • McCormick & Company
  • Olam International
  • Sensient Technologies
  • Worle Gruppe

For more information about this report visit https://www.researchandmarkets.com/research/bf33lc/global_spices_and?w=4

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