Dried Herbs Market is anticipated to show remarkable growth and is expected to reach USD 2.89 billion by 2029
Zion Market Research has published a new report titled “Dried Herbs Market: by Product Type (Oregano, Rosemary, Sage, Mint, Thyme, and Bay Leaves), by Form (Whole Herb and Powdered Herb), By Nature (Organic and Conventional), by Drying Method (Air Drying, Vacuum Drying, and Microwave Drying), and by End-Use (B2B and B2C): Global Industry Perspective, Comprehensive Analysis, and Forecast.
According to the report, the dried herbs market was valued at a USD 1.90 billion in 2021 is expected to reach the value of USD 2.89 billion by 2029, at a CAGR of 5.40 % during the forecast period of 2022–2029
The global dried herbs market has massive opportunities in the upcoming future. In terms of revenue, the market is expected to reach a high CAGR within the forecast period. The increasing interest in international ethnic cuisines combined with the healthy living trend offers opportunities for exporters from developing countries. The global importers are also looking for high-quality and sustainably sourced spices and herbs, which can provide opportunities for suppliers interested in following production and sustainability standards. There has been a growing demand for ethnic spice blends owing to the increasing popularity of ethnic cuisine and healthy foods and the increasing consumption of convenience, processed and ready-to-eat dishes.
Street food markets around the globe, in particular, are inspiring the flavors and recipes of new spice blends, condiments, and sauces. Many new product launches are labeled as “street food” in order to attract consumers. Brands are bringing more spices and herbs varieties to the market. Consumers have become more interested in other cultures, resulting in more and more product launches.
The global dried herbs market based has been classified into oregano, rosemary, sage, mint, thyme, and bay leaves. In terms of revenue, the oregano segment is anticipated to dominate the market share over the forecast timeline. Moreover, the segment is expected to witness a high CAGR owing to its application in the food and beverage industry as a food preservative. Furthermore, it can also be used in dietary supplements as it is a source of calcium, magnesium, vitamin B6 as well as iron. In addition to this, increasing trends of oregano in healthcare as it deals with headaches, arthritis, Alzheimer and many others make the market very promising and potential.
Based on the method of drying, the global dried herbs market is further classified into air drying, vacuum drying, and microwave drying. The air drying segment is expected to account for the largest market share over the horizon, as this technique affected the possibilities of utilizing dried herbs for a longer period when preserved in specific conditions. Owing to increased shelf life, the applications of dried herbs have gained significant attention.
The major players operating in the global dried herbs market are -
- Firmenich SA
- Archer Daniels Midland Company
- McCormick & Company
- Dohler GmbH
- Kraft Heinz Company
- Mountain Rose Herbs
- Pacific Botanicals
- Van Drunen Farms
- Pacific Botanicals
- Catz International B.V
This report segments the global dried herbs market as follows:
Global Dried Herbs Market: Product Type Segment Analysis
- Oregano
- Rosemary
- Sage
- Mint
- Thyme
- Bay Leaves
Global Dried Herbs Market: Form Segment Analysis
- Whole Herb
- Powdered Herb
Global Dried Herbs Market: Nature Segment Analysis
- Organic
- Conventional
Global Dried Herbs Market: Drying Method Segment Analysis
- Air Drying
- Vacuum Drying
- Microwave Drying
Global Dried Herbs Market: End-Use Segment Analysis
- B2B
- B2C
Global Dried Herbs Market: Regional Segment Analysis
- North AmericaU.S.
- EuropeUKFranceGermany
- Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- Middle East and Africa
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