pune, India -- (SBWIRE) -- 05/02/2018 -- Market Overview:
Growing demand of natural additives and extracts for application in various industry is driving the market growth globally.
Growing preference of various spices for flavoring in culinary purpose and rising awareness about medicinal properties of spices and their essential oil has resulted in higher demand for spices. On the other hand, increasing attentiveness for food safety associated to pesticide filtrates in spices and related health threats has caused higher demand or organic spices. In African developing countries, demand for organic foods has been affected due to unwillingness among farmers to shift from conventional methods of farming to organic farming. Transformation in food trends and acceptance of various international food cultures encouraging organic spices consumption in dry form further boosts demand for organic spices.
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Global organic spices is mainly controlled by India which is one of the major producers of spices and also holds the major market share in spices globally. Developed agricultural practices and presence of high yielding varieties of spices have reinforced high production of spices in India and thereby supporting higher production and export of organic spices. In European region, Turkey and Spain have observed percentage increase of 26% and 79% in organic and conventional spices exports in last five years. Though, India will continue to play key role in organic spices exports across the globe.
Latest Industry Updates:
Dec 2017 A Indian Company named Manarcadu Social Service Society launches organic, dry fruits brand related to fruits and spices.
Nov 2017 U.S. based leading provider of premium store brand in organic spices and seasonings Red Monkey Foods Acquires San Francisco Salt Company.
Jan 2016 IFC to invest in agri-commodity firm Olam to expand in India, Nigeria. Singapore-based commodities company Olam International Ltd is rising $175 million from International Finance Corp.
Sep 2017 In 2017, India witnessed 35% rise in conventional and organic spices exports. Garlic has showed the maximum growth in terms of volume and value.
Complex certification process is the major restraints for farmers and companies to shift from conventional to organic spices farming. From last few years, few companies from North America have launched their products to tackle competition.
The leading market players in the global organic spices market are Organic Spices, Frontier Natural Products, Rapid Organic, SOAP, Simply Organic, Earthen Delight, Yogi Botanicals Pvt Ltd, Live Organics Pvt Ltd, The Spice Hunter, Inc. and Starwest botanicals Inc among many others.
The global organic spices market has been divided into spices type, form, application and region.
On The Basis Of Spices Type: Chilies, Garlic, Ginger, Turmeric, Cumin, Pepper, Cinnamon, Cloves, Cardamom and Others
On The Basis Of Form: Whole, Powder, Crushed/Chopped, and Others
On The Basis Of Application: Culinary, Meat &Poultry Products, Sauces & dips, Snacks & Convenience Foods, Soups & Noodles, Ready to Eat Meals, Beverages, Personal Care and Others
On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.
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In 2017, Asia-Pacific region is leads the market in terms of both value and volume followed by North America. India, China and Vietnam are major organic spice producers within the Asia-Pacific region. Presence suitable climatic zones and seasons provision helping various organic spices production in the Asia Pacific region. In North America, U.S. and Mexico are emerging as major organic Spices market from last few years. Robust potential of spices production and consumption favors organic spices market growth the foremost among the various regions within the world. Asian countries have wide availability of spices because of absolutely dissimilar agro-climatic conditions and soil varieties and due to these reasons Asian countries will remains prime focus for organic spices market demand. Apart from India and U.S., Vietnam, Indonesia, European nation and China are among the other countries where organic spices market will witness significant growth in upcoming years.