Organic Spice Market size was valued at 340.38 Million in 2023, and is projected to reach $ 491.87 Million by 2030, registering a CAGR of 5.4% from 2023 to 2030.
All organic spices are just dried fruits, seeds, barks, leaves, and roots that are used medicinally and, most notably, to enhance the flavor, color, and perfume of food while it is being cooked. India is the country that first introduced spices to the world market, which tends to accelerate market expansion in the Asia Pacific area. A variety of spices can be found in powder, whole, and chopped forms. Chili powder, cumin, coriander, cinnamon, cardamom, ginger, and turmeric are the most often used spices.
In the global spice market, black pepper holds the highest share and is widely utilized internationally. The market for organic spices is expected to develop over the projected period since spices are now widely utilized for health benefits rather than only taste and flavor. Turmeric, for example, has both internal and external uses. It lowers blood glucose levels to manage diabetes and lessens consequences like ulcers, wounds, kidney damage, and skin issues.
Spices are employed in a variety of culinary products as preservatives, coloring agents, and flavorings. Some of the spices that are seeing significant increases in the global market are cardamom, clove, black pepper, cumin, coriander seeds, mustard seeds, fenugreek, turmeric, and saffron. Due to the growing demand and taste for spicy food in the Asia-Pacific area, there has been a higher rate of consumption of these spices in the region. Asia-Pacific is the primary producer and exporter of many spices.
Customers are actively looking for food goods that they believe to be healthier and more natural as they become more health conscious. Numerous organic spices are recognized to offer a range of nutritional advantages, such as anti-inflammatory and antioxidant characteristics. Because of these health advantages, consumers are adding more organic spices to their diets for taste and wellness. Customers choose products made with sustainable and eco-friendly methods because they care about the environment more. The use of synthetic chemical-free organic farming practices is thought to be more sustainable, which has raised demand for organic spices.
Encapsulation has advanced to the point where it is now used in nearly every area of the food and beverage business. There has also been evidence of a comparable application pattern in the market. Spice varieties in encapsulated formats are available from a few of the major manufacturers in the taste and fragrance sector. A novel technique for processing turmeric and paprika spices has been developed by Taste Tech, a UK-based company. By extracting and encasing the oleoresins and essential oils of spices in an invisible layer of solidified vegetable oil, a process known as controlled-release encapsulation produces a powder that is easy to handle and flows freely. When compared to original and untreated spices, the company says the flavor and coloring effects are boosted. Consequently, the increased use of food encapsulation creates opportunities for the market for spices and seasonings to expand rapidly in terms of value sales throughout the projection period.
Global Organic Spice Market, Segmentation
The Organic Spice Market is segmented based on product type, application, form, distribution channel, and region.
Product Type:
Curcumin, a substance with possible health advantages including anti-inflammatory and antioxidant qualities, is found in turmeric. Demand for organic turmeric has increased as a result of growing public knowledge of these health advantages. Several international cuisines, particularly those from South Asia and the Middle East, include turmeric as a main ingredient. Due to its adaptability, it is a well-liked option for customers wishing to improve the taste and hue of their food. Traditional medicine has always used turmeric, especially Ayurvedic treatment. Organic Turmeric has become more and more popular due to people's growing interest in complementary medicine and natural therapies. Customers are searching for alternatives to traditional spices due to the growing emphasis on natural and organic products. Turmeric that is cultivated organically fits in with this trend because it doesn't use artificial chemicals or pesticides. Numerous functional food and beverage products, such as lattes, teas, and health supplements, now contain turmeric. The market presence of turmeric has increased due to its variety of goods.
Form:
Products that are powdered are frequently adaptable and have multiple uses. They may be simpler to create for various objectives, which would increase their appeal to a wider range of people. Compared to some other forms, such as liquids, powders often have a longer shelf life and can be more stable. Both producers and customers may benefit from this. Powders are easier to carry and store since they are frequently lighter and more compact than liquids. This can be especially crucial for goods that must be transported across large distances. It may be simpler to adjust the dosage or concentration of powders. The flexibility to adjust the product's strength or dosage may be valued by customers. Producers could save money if powder manufacturing procedures are more efficient. This effectiveness may support a more aggressive pricing strategy.
Region:
With the favorable climates that are ideal for growing spices, a long history of conventional farming methods that adhere to organic principles, a wealth of culinary traditions that fuel demand, and rising public awareness of environmental and health concerns worldwide, the Asia Pacific region is expected to dominate the market for organic spices. Significant spice-exporting nations like Vietnam and India are also boosting the market in the area.
Some of The Leading/Active Market Players Are-
- Frontier Co-op (US)
- Organic Spices Inc. (US)
- Earthly Delights (US)
- The Spice Hunter (US)
- Greenfields (UK)
- McCormick & Company, Inc. (US)
- Organic Products India (India)
- BiovaGaya Biotech Pvt Ltd (India)
- Organic Gemini (US)
- Organic Spices (India), and Other Active Players
Key Industry Developments
- In October 2023, Leading supplier of organic spices, Frontier Natural Products added a new brand of organic turmeric that is sourced directly from Indian farmers, adding to its already extensive product line. The goal of this action is to meet the rising demand for traceability and ethical sourcing.
- In September 2023, A range of certified organic spice blends is set to be launched by McAvoy Foods, a prominent spice distributor, in collaboration with Organic Spices Inc. This partnership satisfies home cooks' growing need for convenience and flavor discovery.
Key Findings of the Study
- The market for organic spices was valued at $340.38 million globally in 2023 and is expected to grow at a compound annual growth rate of 5.4% to reach $491.87 million by 2030.
- India's historical contribution to the production of spices propels the expansion of the Asia Pacific market.
- Technological advancements like encapsulation enhance flavor and coloring effects, creating market opportunities.
