Report ID: SQMIG30H2138
Report ID:
SQMIG30H2138 |
Region:
Global |
Published Date: March, 2024
Pages:
198
|
Tables:
64 |
Figures:
75
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.
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Report ID: SQMIG30H2138