The Asia Pacific Organic Spices Market would witness market growth of 6.37% CAGR during the forecast period (2019-2025).
Spices are used in various types of food products as a flavoring agent, coloring agent, or as a preservative. Cardamom, clove, cumin, black pepper, coriander seeds, mustard seeds, fenugreek, turmeric, and saffron are some of the spices in the global market that are experiencing significant growth. Asia-Pacific region has experienced a greater consumption rate for these spices due to the region's increased demand and spicy food preference. For various kinds of spices, Asia-Pacific is also the primary producer and exporter. It is anticipated that higher price margins and variable trade laws will hamper the development of the worldwide organic spice industry. Higher manufacturing costs and logistics costs lead to a greater organic spice price range compared to standard spices. However, in the organic spices market forecasts, the increase in the level of organic food consumption as well as the increase in disposable income provide a profitable opportunity.
Based on Product Type, the market is segmented into Chilli, Ginger, Turmeric, Clove, Pepper, Cinnamon, Nutmeg and Mustard Seeds and Others. Based on Form, the market is segmented into Powder, Granular, Extract and Raw. Based on Distribution Channel, the market is segmented into Offline and Online. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include McCormick and Company, Inc., Organic Spices, Inc., UK Blending Ltd., Pacific Spice Company, Inc., Ramon Sabater S.A.U., SunOpta, Inc., Spice Chain Corporation, Monterey Bay Spice Company, Sensient Technologies Corporation and Unilever PLC.
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Companies Profiled
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