Organic Spices Market Outlook - 2026
The organic spices market size was valued at $272.8 million in 2018 and is expected to reach $406.6 million by 2026, registering a CAGR of 5.1% from 2019 to 2026.
The global organic food & beverages market is expected to be valued at US$80 billion by 2020. Rise in number of health-conscious consumers and increase in awareness regarding the health benefits associated with the consumption of organic spices are the two main factors that drive the growth of the global organic food & beverages market. North America and Europe are the dominant regions in terms of consumption for different types of organic food products. This is attributable to rise in per-capita income and continuous product evolution from the manufacturers’ side, in these regions. Furthermore, some of the food manufacturers have been focusing toward availing its food products in organic form due to rise in preferences for organic products. Spices have been gradually enduring the trend of organic format. They are available in different forms as per consumer preferences, i.e., powder, granular, and liquid, which is further expected to drive the market growth. Some of the non-profit organizations such as IOFAM Organic International, Organic Trade Association, Soil Association, USDA, and National Organic Standard Board inspect the processing and production of organic food products in the global market. These same organizations play a key role in the global organic spices market.
Spices are being used as flavoring agent, coloring agent, or as a preservative in different types of food products. Cardamom, clove, black pepper, cumin, coriander seeds, mustard seeds, fenugreek, turmeric, and saffron are some of the spices that are witnessing considerable growth in the global market. Asia-Pacific region has witnessed higher rate of consumption for these spices, owing to rise in demand and preference for spicy food in the region. Asia-Pacific is also the main producer and exporter for different types of spices.
Higher price margin and varying trade regulations of importing countries are expected to hamper the growth of the global organic spices market. Higher production cost and logistic cost results in higher price range of organic spice as compared to conventional spices. However, rise in rate of organic food consumption as well as rise in disposable income specifically in North America and Europe provide lucrative opportunity in the organic spices market forecast.
Based on product type, organic spices market size is segmented into ginger, turmeric, clove, pepper, cinnamon, nutmeg, mustard seeds, and others. Among these product types, turmeric accounts for the highest market share. The large-scale application of turmeric as a preservative or coloring agent in various cuisines is one of the key factors that drive significant demand for the product in the global market. India, the U.S., and some of the key European countries are the main producers of organic turmeric. Organic turmeric has been enduring demand from both households as well as commercial sectors. In terms of consumption, North America accounts for the highest share in the organic spices market, which is further attributable to the rise in demand for different organic food products.
Based on form, the organic spices market is segmented into powder, granular, extract, and raw. Powder form of organic spices accounts for the highest organic spices market share. This is attributable to the fact that powder form is the most convenient way of using organic spices in the preparation of different food products. As a result, most of the spices manufacturers strategize on availing organic spices in powder forms. Mountain Herbs: organic turmeric powder, Organic Express: organic pepper powder, and Wild Harvest: organic turmeric powder are some of the ideal examples of organic spices in its powder forms, available in the global market.
Based on distribution channel, the organic spices market is segmented into direct and indirect. The distribution through direct channel accounts to higher value share in the global market. Rise in demand organic spices from the food manufacturers as well as the food service sectors has resulted in higher quantity of organic spices being distributed through direct channels. Organic turmeric, organic pepper, and organic ginger are some of the spices that have been enduring higher organic spices market demand from the commercial sectors (food manufacturers and food service sectors).
Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific region accounts for the highest organic spices market share. The Asia-Pacific spices and seasonings market is expected to reach US$3.27 billion by 2021. The rise in preference for different types of regional cuisines such as Chinese food and Thai food, in which spices are one of the key ingredients, boost the demand for various types of spices. Clove, pepper, ginger, nutmeg, and mustard seeds are some of the popular spices gaining traction in the region. Moreover, in the past couple of years, there has been rise in demand for organic food products due to the growth in awareness regarding the health benefits associated with the food product among the consumers. The confluence of these two factors has led to higher demand for organic spices in the Asia-Pacific region.
The key players for organic spices industry profiled in the report include Organic Spices Inc., UK Blending LTD, The Watkins Co., Daarnhouwer & Co, SunOpta Inc, Spice Chain Corporation, Husarich GmbH, Sabater Spices, AKO GmbH, and Pacific Spice Company, Inc.
Key Benefits for Organic Spices Market :
- The report provides an extensive organic spices market analysis of the current and emerging market trends and opportunities.
- The report provides detailed qualitative and quantitative analysis of the current organic spices market trends and future estimations that help evaluate the prevailing organic spices market opportunity.
- A comprehensive analysis of the factors that drive and restrict the organic spices market growth.
- An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The organic spices market report provides extensive qualitative insights on the potential segments or regions exhibiting favorable growth.