USD 37.53 billion
Organic Spice Market Size, Share, Growth Analysis, By Type(Powdered, granule, extract, and raw spices), By Distribution channel(Supermarkets, online platforms, and specialty stores), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30H2138 |
Region:
Global |
Published Date: March, 2024
Pages:
198
|Tables:
64
|Figures:
75
Organic Spice Market Insights
Global Organic Spice Market size was valued at USD 37.53 billion in 2022 and is poised to grow from USD 40.68 billion in 2023 to USD 77.56 billion by 2031, at a CAGR of 8.4% during the forecast period (2024-2031).
The global organic spice market has witnessed substantial growth due to increasing consumer demand for natural and sustainable food products. Consumers are seeking healthier and chemical-free alternatives, driving the popularity of organic spices. The market is characterized by a wide range of products, including herbs, seeds, and blends, catering to diverse culinary preferences.
Key factors like rising awareness of health benefits, culinary diversity, and environmentally friendly practices contribute to the market's expansion. Asia-Pacific, North America, and Europe are prominent regions for market growth. However, challenges like limited production and higher costs hinder complete market dominance, offering opportunities for innovation and efficient supply chains.
US Organic Spice Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Supermarkets
Fastest Growth
online platforms
Growth Rate
8.4% CAGR
Global organic spice market by region
Country Share for North America (%)
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Organic Spice Market Segmental Analysis
The global organic spice market can be segmented based on application, distribution channel, and region. In terms of applications range from culinary uses to cosmetics and healthcare. Distribution channels encompass supermarkets, online platforms, and specialty stores. Geographically, the market is divided into regions such as North America, Europe, Asia Pacific, and the rest of the world.
Organic Spice Market Analysis By Application
The food and beverage industry remains the largest consumer of organic spices due to the widespread use of spices in culinary applications globally. The demand for exotic and ethnic flavors, as well as the growing interest in organic and natural ingredients, has contributed to the steady growth of this segment.
The health and wellness segment has been one of the fastest-growing areas for organic spices. As consumers become more health-conscious and seek natural alternatives, the demand for organic spices in dietary supplements, herbal teas, and functional foods has been on the rise.
Organic Spice Market Analysis By Distribution Channel
The largest distribution channel for organic spices was likely supermarkets and hypermarkets. These retail giants have a wide presence across various regions and offer a diverse range of products, including organic spices. Consumers often prefer purchasing spices from these stores due to convenience and accessibility.
The fastest-growing segment in the distribution of organic spices is likely online retail. The convenience of shopping from home, the ability to compare products and prices, and the increasing popularity of e-commerce platforms have contributed to the rapid growth of online sales for organic spices. This trend has been further accelerated by the COVID-19 pandemic, as more consumers turned to online shopping for safety reasons.
Global organic spice market by Distribution channel
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Organic Spice Market Regional Insights
The United States has been one of the largest markets for organic spices due to its large population, growing awareness about healthy and organic foods, and an inclination toward ethnic cuisines that heavily use spices.
India, as both a producer and consumer of spices, has shown significant growth potential. With a strong tradition of spice use in its cuisine, India's organic spice market has been gaining momentum both domestically and in export markets. The shift towards organic and sustainable farming practices has contributed to this growth.
Global organic spice market by Region
- Largest
- Fastest
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Organic Spice Market Dynamics
Organic Spice Market Drivers
Increasing Popularity of Healthier Alternatives
- The global organic spice market is driven by increasing consumer demand for natural and healthier food options. As people become more health-conscious and seek products free from synthetic additives, organic spices offer a flavorful and sustainable choice that aligns with these preferences.
Organic Spice Market Restraints
High Production Cost
- Limited agricultural land suitable for organic farming, higher production costs, and potential supply chain challenges are restraining the growth of the global organic spice market. Additionally, stringent organic certification standards and vulnerability to weather fluctuations can pose obstacles to consistent supply and pricing.
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Organic Spice Market Competitive Landscape
The global organic spice market's competitive landscape is characterized by a dynamic interplay of established players and emerging entrants. Key industry participants, such as Frontier Co-op, Simply Organic, and Mountain Rose Herbs, maintain strong market presence through diverse product offerings, robust distribution networks, and adherence to organic certification standards. The market also witnesses innovative startups like Spicely Organics and The Spice House, focusing on unique blends and direct-to-consumer approaches. Increasing consumer demand for natural, sustainable, and ethically sourced products drives competition, prompting players to emphasize quality, traceability, and eco-friendly practices, thus shaping a competitive arena defined by differentiation and ethical values.
Organic Spice Market Top Player’s Company Profiles
- Frontier Co-op (USA)
- Simply Organic (USA)
- Spicely Organics (USA)
- Organic Spices Inc. (USA)
- Starwest Botanicals (USA)
- McCormick & Company, Inc. (USA)
- The Spice Hunter (USA)
- Pacific Spice Company Inc. (USA)
- SunOpta Inc. (Canada)
- Mountain Rose Herbs (USA)
- Biova GMBH (Germany)
- Organic Wise (USA)
- Synthite Industries Ltd. (India)
- Aryan International (India)
- Live Organic (Canada)
- Earthen Delight (India)
- Yogi Botanicals Pvt. Ltd. (India)
- Naturevibe Botanicals (USA)
- Organic Products India (India)
- Sapthsathi Organic Agriculture Project (India)
Organic Spice Market Recent Developments
-
In January 2024, Tata Consumer Products announced that it has signed definitive agreements to acquire up to 100% of the issued equity share capital of Organic India, one of the strongest ‘better for you’ organic brands spanning Food & Beverages and Herbal & Traditional Supplements.
-
In February 2023, Starwest Botanicals, the industry's leading wholesaler of organic, herbs, spices and teas met consumer demands for culinary and wellness botanicals with its latest innovation - Eco-Pouch herbs and spices. The new, smaller pre-packaged line of spices makes for easy grab-n-go purchase and a simple complement to the bulk bin section.
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In December 2022, a new spice blend company, Spicely Organics, expanded through a partnership with Kroger. The maker of certified organic spices, herbs, and seasonings recently launched its new Conscious Cooking line of Sugar- and Salt-Free Spice Rubs, which was available through its latest partnership with Kroger in select retail banners.
Organic Spice Key Market Trends
- The global organic spice market is witnessing several key trends. Consumers' increasing preference for natural and sustainable products has boosted the demand for organic spices, driven by health and environmental consciousness. A rise in culinary exploration and diverse diets has led to a growing interest in unique and authentic flavors, promoting the use of organic spices. Additionally, e-commerce platforms have facilitated easier access to a wide range of organic spices, expanding market reach. As consumers seek transparency, traceability, and certifications, producers are focusing on quality assurance and ethical sourcing. Overall, the market is characterized by a shift towards healthier, flavorful, and ethically produced organic spice products.
Organic Spice Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global organic spice market holds promising future prospects as consumer demand for natural and sustainable products continues to rise. With growing awareness about health benefits and environmental concerns, consumers are increasingly seeking organic spices free from synthetic pesticides and additives. This trend is driving farmers and producers to adopt organic farming practices. Moreover, the food industry's shift towards clean-label ingredients amplifies the demand for organic spices. As these factors converge, the organic spice market is poised for expansion, presenting lucrative opportunities for both producers and retailers to cater to conscientious consumer preferences and capitalize on the market's potential growth.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 37.53 billion |
| Market size value in 2031 | USD 77.56 billion |
| Growth Rate | 8.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Organic Spice Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Organic Spice Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Organic Spice Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Organic Spice Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Organic Spice Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Organic Spice Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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