Global Dried Herbs Market is expected to grow at a CAGR of 6.1%, reaching a value of US$ 6.59 billion by 2030.
Dried Herbs Market Overview:
Dried herbs are food constituents administered to extend their shelf life and decrease the prospect of contamination decomposition. Fresh herbs are dried using specific methods based on the needs of the ingredient and the consumer to reduce moisture content. Herbs are shrubberies with a wide range of uses and assistances in various industrial submissions. On the other hand, fresh herbs are preserved and more susceptible to bacteria and fungus. As a result, these herbs are dried to shelter the versatile plants. Dried herbs are bent by removing the water from fresh herbs consuming drying techniques such as air drying, microwave drying, and vacuum drying.
Dried Herbs Market Report Scope and Segmentation | |
|---|---|
| ATTRIBUTES | DETAILS |
| ESTIMATED YEAR | 2022 |
| BASE YEAR | 2021 |
| FORECAST YEAR | 2030 |
| HISTORICAL YEAR | 2017-2021 |
| UNIT | Value (USD Million/Billion) |
| BY REGION | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
Dried Herbs Market Dynamics:
One of the major factors driving the growth of the dried herbs market is the increase in response to processed foods and convenience foods around the world. The increasing consumer inclination for traditional medicines, which have scarcer side effects than other types of remedies when taken for a longer period, as well as the amplified shelf life of herbs due to drying dispensation, are fuelling the market growth. Consumers are currently obligated to choose ready to eat meals or other ready-to-eat food substances due to the difficult work culture and busy existence. Customers can appreciate tasty and flavorful foods that necessitate less time to prepare with the help of dried herbs.
The cumulative demand for processed foods such as snacks, pickles, beverages, and others has stemmed from an increase in demand for market share due to the enriched flavour of these dried herbs. Dried herbs are gladly obtainable in a variety of retail formats which is another major factor for fuelling the growth of the market. Lower cost fresh herbal substitutes are expected to hamper the market growth. Herbs that gradually reinstate the proper function of the body and upsurge health and vitality are known as alternative medicines. As puzzling as this may sound, pharmacology does not fully understand their mode of action on the body. Their implausible value as medicines, on the other hand, cannot be excessive.
These alternatives of herbs are restraining the growth of the market.Rising Demand for Natural Flavorings Provides a Significant Opportunity for the market. Hotels and restaurants, as well as the food processing industry, have continued reliant on synthetic ingredients to flavour their assistances. Inducing diverse aromas and colours in food products increases their consumer appeal, and hotels and restaurants frequently use these artificial flavours to improve their offerings. However, as consumer awareness of organic and clean label products has grown, food companies have been forced to remove harmful synthetic ingredients from their products and replace them with natural substitutes. The growing clean label and organic trends are having a noteworthy impact on a variety of industries in the food and beverage sector which is creating a lucrative growth opportunity for the market.
Dried Herbs Market Segment Analysis:
By Form, the market is segmented into Whole Herbs and Powdered Herbs. The Whole Herbs segment is expected to hold 62.5% of the overall market share in terms of revenue by 2027. The Whole herb, either dried and summarised or handled are preserved in alcohol or another solvent. Many cultures have used whole herbs for hundreds of years because they encompass all of the plant’s constituents. The use of whole herbs was the substance of modern medicine which is a major reason for driving the growth of the segment.
By Nature, the market is segmented into Organic and Conventional. Organic is expected to hold 72% of the overall market share in terms of revenue by 2027. Because of the growing demand for organic products, organic herbs are possible to be the fastest-growing segment. According to Eurostat, organic agriculture accounts for 7.5% of total agricultural land in Europe. In Europe, the entire organic area endures growing. Organic land covered about 13.4 million hectares in 2018. Additionally, The World Counts assessments that global sales of organic food items have the fastest growth shortly.
By Product Type, the market is segmented into Oregano, Rosemary, Sage, Savoury, Mint, Thyme and Bay Leaves. The Bay Leaves segment is expected to hold the highest market share in terms of revenue by 2027. Bay leaf is high in vitamin A, vitamin B6, and vitamin C. All of these vitamins are known to support and maintain a healthy immune system. Bay leaf tea can help appease upset stomachs. The tea is also very aromatic, which can aid in the relief of sinus compression or a stuffy nose.
By End-User, the market is segmented into Business to Business (B2B) and Business to Customers (B2C). The Business to Business (B2B) segment is expected to hold the highest market share in terms of revenue by 2027. This segment includes Bakery, Snacks, Beverages, Pharmaceuticals, Seasoning & Sauces, Cosmetics & Personal Care industries to drive the overall dried herbs market in the forecast period. By Drying Method, the market is segmented into Air Drying, Vacuum Drying and Microwave Drying. The Air Drying segment is expected to hold the highest market share in terms of revenue by 2027. Air drying herbs is a good substitute for small amounts of tougher herbs like sage, oregano, rosemary, and bay leaves. This is most possibly the inexpensive and most well-organized method of drying herbs.
Dried Herbs Market Scope:
| Global Dried Herbs Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2021 | Forecast Period: | 2022-2030 |
| Historical Data: | 2017 to 2021 | Market Size in 2021: | US $ 4.62 Bn. |
| Forecast Period 2022 to 2027 CAGR: | 6.1% | Market Size in 2027: | US $ 6.59 Bn. |
| Segments Covered: | by Form | • Whole Herbs • Powdered Herbs | |
| by Nature | • Organic • Conventional | ||
| by Product Type | • Oregano • Rosemary • Sage • Savoury • Mint • Thyme • Bay Leaves | ||
| by Drying Method | • Air Drying • Vacuum Drying • Microwave Drying | ||
| by End-User | • Business to Business (B2B) Bakery Snacks Beverages Pharmaceuticals Seasoning & Sauces Cosmetics & Personal Care • Business to Customers (B2C) | ||
Dried Herbs Market Key Players
• The Kraft Heinz Company • McCormick & Company, Inc. • Robertet SA • Firmenich S A • Döhler GmbH • Pacific Botanicals • Mountain Rose Herbs • Van Drunen Farms • British Pepper & Spice company • Takasago International corporation • Archer Daniels Midland Company • Synthite Industries Ltd • International Taste Solutions Ltd • Cherry Valley Organics • Catz International B.V.
Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Italy
- France
- UK
- Spain
- Poland
- Russia
- The Netherlands
- Norway
- Czech Republic
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Malaysia
- Thailand
- Singapore
- Australia & New Zealand
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Colombia
- Rest of South America
- The Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Northern Africa
- Rest of MEA