According to future market insights research, the global herb & spice extracts market is anticipated to thrive at an average CAGR of 3.5% during the projected period. The market value is projected to increase from USD 16.7 billion in 2023 to USD 23.6 billion by 2033.
Attributes | Details |
---|---|
Market Size Value in 2023 | USD 16.7 billion |
Market Forecast Value in 2033 | USD 23.6 billion |
Global Growth Rate (2023 to 2033) | 3.5% CAGR |
Forecast Period | 2023 to 2033 |
Market Share of India in South Asia | 31% |
Wide use of spices and herbs powder extract, along with new extraction techniques for a lesser amount of waste raw material, is helping the herb and spice extracts market.
Herbal extracts are made from the seeds, stems, and flowers of herbs. Spice extracts come from stems, nuts, berries, barks, and vegetables and are sweet and pungent. Spice and herb extracts have been used to impart tastes, colors, and preservation of consumer goods in foods, beverages, and pharmaceuticals. The varied industry, along with new applications of these, are fueling the sales of herb & spice extracts.
As per FMI - Demand for organic spices and herbs is being driven by increased interest in unusual flavors and growing healthcare consciousness among customers. Millennials are particularly interested in the many flavors and cuisine that reflect regional differences in culture.
Global study on the herb & spice extracts market explains that multiple health advantages, like decreasing blood sugar levels, enhancing brain function, increasing immunity, possessing anti-inflammatory characteristics, and many more, are provided by spices and herbs to consumers.
In addition, spices and herbs extracts are a great source of important nutrients, making them an important food component for making a variety of foods that taste delicious and are good for you. These natural ingredients also give the food its scent, flavor, and color, which will drive the market for the forecast period, expanding the herb & spice extract market size.
Herb & spice extracts market outlook explains that spices and seasonings are packed with a variety of medicinal and physiological advantages. Spices make food flavor and taste better and impact human health in a variety of ways. Most spices include antiviral and antibacterial effects, as well as traces of vital nutrients.
Numerous health advantages of spices include their strong antioxidant content, ability to lower blood sugar and prevent diabetes, and enhancement of both skin and cognitive function, fueling the demand for herb & spice extracts.
Allicin, a potent chemical found in garlic, reduces the risk of heart illness and inhibits the development of cancer cells. Due to rising consumer knowledge of the health advantages of herbs and spices extract, the industry has seen a surge in the use of spices. These spices are used by several healthy food producers in this area to present and create goods that promote health and draw in the area's nutrition consumers. Let’s look at some of the major factors that need to be highlighted:
Medicinal Effects
Herb & spice extracts market survey suggests that a big number of herbs are used as medicines or are processed to be used as medicine. Characterization of herbs also involves their medicinal application. Approximately 350,000 higher plants are estimated to exist on our planet and related to this number, we could say that only a few medicinal plants were studied scientifically. The extract and essential oils extracted from these plants are further used in chronic diseases and their prevention. The medicinal use of these herbs and spice extracts fuels the market growth.
Food Research and Development
Research teams at biomedical research labs study to evaluate health conditions, toxicity, and other diseases and their side effects on the food processed with the applications of these herb and spice extracts. Herb and spice extracts are also used in packaged food to enhance the flavor. Before adding these herbs and spices to the food, the herbs & spices are processed, distilled, and extracted through multiple temperatures for its wider food applications.
New Extraction Technology
FMI explains that the revolutionary trend of introducing steam distillation for extracting essential oils from herbs and spices is finding its space in the manufacturing units. The process can be explained with hot steam flowing through the raw ingredient, opening cavities that hold oil inside. The steam’s temperature can be manually adjusted for various herbs and spices. For example, lavender oil can be extracted through the same steam distillation process without thermal damage.
Herb & spice extracts demand analysis explains that the market offers a lot of trade potential, especially for small-scale farmers in places like the United States, where spices and herb extracts are in high demand. Small-scale farmers produce a substantial share of the extracts marketed in local and export markets, and worldwide commerce generates billions of dollars in revenue. Hot and spicy food consumption has surged recently, and Americans are increasingly seeking bolder ethnic flavors.
Spices and herb extracts are utilized in the food and beverage industry for a variety of applications, particularly in bakeries. The demand for organic spice/herb extracts has increased in the United States, as has the desire for organic food. This expands the herb & spice extracts market size.
Consumers are growing a desire for new and unusual spices and flavors as Western foods become more accessible and mainstream. The rise in popularity of Western food can be attributed to the growing diverse population and the increasing number of individuals going to foreign locations.
Ethnic spice blends are predicted to meet the growing need for a diversified mix of herbs and spices, which is mostly due to the growing popularity of ethnic cuisines and nutritious foods, as well as the increased consumption of convenience, processed, and ready-to-eat dishes. In addition, most new goods on the market are marketed as "street food" in order to appeal to a wider range of customers.
Germany's spice and herbs extract industry is driven by shifting customers' personal tastes, healthy living practices, and ease. Another emerging trend is a preference for Asian cuisines, which include Japanese and Chinese. Allspice and peppers are the most popular spices in Germany, whereas oregano and thyme are the most popular herbs. Germany is well-known as a global trading hub for herbal extracts and spices, both in terms of importing from countries that produce and trading among its members as well as other countries.
Spices and herb extracts are utilized for a variety of applications in the food and beverage industry, particularly in bakeries, and Brazil dominates the market in South America. The organic food industry in South America has developed in tandem with the demand for organic spice/herb extracts, strengthening the market analyzed in the region. Furthermore, as Asian cuisines become more popular in Brazil, the country imports spices and herb extracts from Asia-Pacific countries such as India, China, Vietnam, and others.
Over the last decade, the food & service industry has grown dramatically. A variety of factors influence consumer preferences, including their hectic lifestyles and the rising working population. Spice Extracts is the most profitable segment, with a present market share of 47 percent and a projected market share of 57 percent in the forecasted time.
Over the projected period, increased demand for spices in food and beverages, seasonings, and condiments is expected to drive segmental growth. This has opened new possibilities for food and ingredient producers to use Spices and herbs extracts as flexible food ingredients because they can be utilized in several recipes, pushing the sales of herb & spice extracts.
For the millennial populace, herbs and spices have been utilized to maintain and enhance human beauty. Spices and herbs have traditionally been related to Indian and Chinese cuisines for several purposes. Turmeric and sandalwood have been utilized for skin care and also for smells by women in these locations.
As purchasers aspire for a desirable and trendy look, cosmetics and personal care expenditure is increasing. Cosmetics manufacturers, cosmetic ODMs, and contract manufacturers use organic ingredients to deliver benefits to consumers while avoiding side effects. Herbs and spices are in high demand as natural compounds.
With the advent of the coronavirus epidemic, the marketplace for spices and herbs has seen a sharp increase, and some specific spices intended to boost immunity, such as ginger, garlic, and turmeric, have seen a phenomenal response from consumers worldwide.
Since regions like Europe rely heavily on trade from emerging economies, supply chain risk previously persisted. However, the risk is less of an issue now because Europe is among the top destinations for herbal remedies, spices, and seasonings, as well as other products with a well-known value and local demand. This fuels the sales of herb & spice extracts in the region.
The pandemic's global reach would significantly influence agriculture products, and moving forward, most of the food and beverage industry will see a sharp increase in raw material costs. This would impact the purchasing power.
Herb and spice extract manufacturers prioritize research and development projects in order to provide clients with new and improved goods. Companies form collaborations with other manufacturers in order to develop potential products that will suit the needs of their customers.
Manufacturers are also making significant investments in sophisticated manufacturing technology to boost process efficiency while lowering manufacturing costs and time. Market players are also using backward integration to purchase raw materials from manufacturers.
Synthite Industries Ltd., for example, has incorporated Farmtech, a backward-integrated raw-materials sustainable project, to work directly with farmers and maintain the quality of fresh ingredients, pushing the sales of herb & spice extracts.
Key Players:
The growing agro-industry has held growth prospects for the market. This scenario has made the startup landscape extend its boundaries. New companies work for multiple extractions technology such as steam distillation, infusion, digestion, and percolation.
Startups are also reaching consumers through increased awareness and familiarity, forming multiple strategies for enhancing the eating patterns of end users. Let’s look at some of the major startup plans that have developed in the market ecosystem:
With the rise of multiple diseases, the conventional herbal method for relief is being used. The taste and odor are what drive the sales of beverages and food items. Though healthfulness, convenience, and sustainability are the major driving force for the herbs and spice extracts. Food products use it for nutrients and taste enhancements, while pharmaceuticals use its oil extracts to prevent and cure multiple diseases. Food producers and manufacturers are extending their nutritional benefits to consumers who cook food at home and prefer healthy eating.
The best quality extracts are obtained with the pinch of innovation and technology. Steam distillation is used for the isolation of antimicrobial and antioxidant compounds from herbs and spices. For example, clove, rosemary, and thyme hold these compounds that can be extracted further for industrial applications.
Product Development:
Herb & spice extracts market outlook explains that from diluting the ingredient to solubilizing it, the raw material's natural flavor can be obtained and further used to enhance the product development procedure. This happens as new components get added to the product, helping it grow and reach the masses easily.
Food products without any essential oil and flavor create and vicious circle for the vendor as the demand for these products keeps on reducing. While spice and herb extracts and flavors deliver odor and taste components in versatile forms and for a variety of purposes. It fuels the demand for herb & spice extracts.
Report Attributes | Details |
---|---|
Current Total Market Size (2023) | USD 16.7 billion |
Projected Market Size (2033) | USD 23.6 billion |
CAGR (2023 to 2033) | 3.5% |
Base Year for Estimation | 2023 |
Historical Period | 2018 to 2022 |
Projections Period | 2023 to 2033 |
Market Analysis Parameters | Revenue in USD billion/Volume in kilotons |
By Product Type | Herbs, Spices, Paprika, Cumin |
By End Use | Food, Beverages, Food Service, Retail |
By Form | Flakes, Paste, Powder & Granules, Whole/Fresh |
By Sales Channel | Direct, Indirect |
By Nature | Conventional, Natural, Non-GMO, Organic, Vegan |
Regions Covered | North America, Latin America, Europe, East Asia, South Asia, Oceania, MEA |
Countries Covered | United States, Japan, Germany, India, United Kingdom, France, Italy, Brazil, Canada, South Korea, Australia, Spain, Netherlands, Saudi Arabia, Switzerland |
Key Players | Givaudan SA, Kerry Group Plc., Synthite Industries Ltd. |
Additional Attributes | Dollar sales by value, market share analysis by region, country-wise analysis |
Customization and Pricing | Available upon request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2033
Table 2: Global Market Volume (MT) Forecast by Region, 2017 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Product Type, 2017 to 2033
Table 4: Global Market Volume (MT) Forecast by Product Type, 2017 to 2033
Table 5: Global Market Value (US$ Million) Forecast by End Use, 2017 to 2033
Table 6: Global Market Volume (MT) Forecast by End Use, 2017 to 2033
Table 7: Global Market Value (US$ Million) Forecast by Form, 2017 to 2033
Table 8: Global Market Volume (MT) Forecast by Form, 2017 to 2033
Table 9: Global Market Value (US$ Million) Forecast by Sales Channel, 2017 to 2033
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Table 11: Global Market Value (US$ Million) Forecast by Nature, 2017 to 2033
Table 12: Global Market Volume (MT) Forecast by Nature, 2017 to 2033
Table 13: North America Market Value (US$ Million) Forecast by Country, 2017 to 2033
Table 14: North America Market Volume (MT) Forecast by Country, 2017 to 2033
Table 15: North America Market Value (US$ Million) Forecast by Product Type, 2017 to 2033
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Table 17: North America Market Value (US$ Million) Forecast by End Use, 2017 to 2033
Table 18: North America Market Volume (MT) Forecast by End Use, 2017 to 2033
Table 19: North America Market Value (US$ Million) Forecast by Form, 2017 to 2033
Table 20: North America Market Volume (MT) Forecast by Form, 2017 to 2033
Table 21: North America Market Value (US$ Million) Forecast by Sales Channel, 2017 to 2033
Table 22: North America Market Volume (MT) Forecast by Sales Channel, 2017 to 2033
Table 23: North America Market Value (US$ Million) Forecast by Nature, 2017 to 2033
Table 24: North America Market Volume (MT) Forecast by Nature, 2017 to 2033
Table 25: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2033
Table 26: Latin America Market Volume (MT) Forecast by Country, 2017 to 2033
Table 27: Latin America Market Value (US$ Million) Forecast by Product Type, 2017 to 2033
Table 28: Latin America Market Volume (MT) Forecast by Product Type, 2017 to 2033
Table 29: Latin America Market Value (US$ Million) Forecast by End Use, 2017 to 2033
Table 30: Latin America Market Volume (MT) Forecast by End Use, 2017 to 2033
Table 31: Latin America Market Value (US$ Million) Forecast by Form, 2017 to 2033
Table 32: Latin America Market Volume (MT) Forecast by Form, 2017 to 2033
Table 33: Latin America Market Value (US$ Million) Forecast by Sales Channel, 2017 to 2033
Table 34: Latin America Market Volume (MT) Forecast by Sales Channel, 2017 to 2033
Table 35: Latin America Market Value (US$ Million) Forecast by Nature, 2017 to 2033
Table 36: Latin America Market Volume (MT) Forecast by Nature, 2017 to 2033
Table 37: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2033
Table 38: Europe Market Volume (MT) Forecast by Country, 2017 to 2033
Table 39: Europe Market Value (US$ Million) Forecast by Product Type, 2017 to 2033
Table 40: Europe Market Volume (MT) Forecast by Product Type, 2017 to 2033
Table 41: Europe Market Value (US$ Million) Forecast by End Use, 2017 to 2033
Table 42: Europe Market Volume (MT) Forecast by End Use, 2017 to 2033
Table 43: Europe Market Value (US$ Million) Forecast by Form, 2017 to 2033
Table 44: Europe Market Volume (MT) Forecast by Form, 2017 to 2033
Table 45: Europe Market Value (US$ Million) Forecast by Sales Channel, 2017 to 2033
Table 46: Europe Market Volume (MT) Forecast by Sales Channel, 2017 to 2033
Table 47: Europe Market Value (US$ Million) Forecast by Nature, 2017 to 2033
Table 48: Europe Market Volume (MT) Forecast by Nature, 2017 to 2033
Table 49: East Asia Market Value (US$ Million) Forecast by Country, 2017 to 2033
Table 50: East Asia Market Volume (MT) Forecast by Country, 2017 to 2033
Table 51: East Asia Market Value (US$ Million) Forecast by Product Type, 2017 to 2033
Table 52: East Asia Market Volume (MT) Forecast by Product Type, 2017 to 2033
Table 53: East Asia Market Value (US$ Million) Forecast by End Use, 2017 to 2033
Table 54: East Asia Market Volume (MT) Forecast by End Use, 2017 to 2033
Table 55: East Asia Market Value (US$ Million) Forecast by Form, 2017 to 2033
Table 56: East Asia Market Volume (MT) Forecast by Form, 2017 to 2033
Table 57: East Asia Market Value (US$ Million) Forecast by Sales Channel, 2017 to 2033
Table 58: East Asia Market Volume (MT) Forecast by Sales Channel, 2017 to 2033
Table 59: East Asia Market Value (US$ Million) Forecast by Nature, 2017 to 2033
Table 60: East Asia Market Volume (MT) Forecast by Nature, 2017 to 2033
Table 61: South Asia Market Value (US$ Million) Forecast by Country, 2017 to 2033
Table 62: South Asia Market Volume (MT) Forecast by Country, 2017 to 2033
Table 63: South Asia Market Value (US$ Million) Forecast by Product Type, 2017 to 2033
Table 64: South Asia Market Volume (MT) Forecast by Product Type, 2017 to 2033
Table 65: South Asia Market Value (US$ Million) Forecast by End Use, 2017 to 2033
Table 66: South Asia Market Volume (MT) Forecast by End Use, 2017 to 2033
Table 67: South Asia Market Value (US$ Million) Forecast by Form, 2017 to 2033
Table 68: South Asia Market Volume (MT) Forecast by Form, 2017 to 2033
Table 69: South Asia Market Value (US$ Million) Forecast by Sales Channel, 2017 to 2033
Table 70: South Asia Market Volume (MT) Forecast by Sales Channel, 2017 to 2033
Table 71: South Asia Market Value (US$ Million) Forecast by Nature, 2017 to 2033
Table 72: South Asia Market Volume (MT) Forecast by Nature, 2017 to 2033
Table 73: Oceania Market Value (US$ Million) Forecast by Country, 2017 to 2033
Table 74: Oceania Market Volume (MT) Forecast by Country, 2017 to 2033
Table 75: Oceania Market Value (US$ Million) Forecast by Product Type, 2017 to 2033
Table 76: Oceania Market Volume (MT) Forecast by Product Type, 2017 to 2033
Table 77: Oceania Market Value (US$ Million) Forecast by End Use, 2017 to 2033
Table 78: Oceania Market Volume (MT) Forecast by End Use, 2017 to 2033
Table 79: Oceania Market Value (US$ Million) Forecast by Form, 2017 to 2033
Table 80: Oceania Market Volume (MT) Forecast by Form, 2017 to 2033
Table 81: Oceania Market Value (US$ Million) Forecast by Sales Channel, 2017 to 2033
Table 82: Oceania Market Volume (MT) Forecast by Sales Channel, 2017 to 2033
Table 83: Oceania Market Value (US$ Million) Forecast by Nature, 2017 to 2033
Table 84: Oceania Market Volume (MT) Forecast by Nature, 2017 to 2033
Table 85: MEA Market Value (US$ Million) Forecast by Country, 2017 to 2033
Table 86: MEA Market Volume (MT) Forecast by Country, 2017 to 2033
Table 87: MEA Market Value (US$ Million) Forecast by Product Type, 2017 to 2033
Table 88: MEA Market Volume (MT) Forecast by Product Type, 2017 to 2033
Table 89: MEA Market Value (US$ Million) Forecast by End Use, 2017 to 2033
Table 90: MEA Market Volume (MT) Forecast by End Use, 2017 to 2033
Table 91: MEA Market Value (US$ Million) Forecast by Form, 2017 to 2033
Table 92: MEA Market Volume (MT) Forecast by Form, 2017 to 2033
Table 93: MEA Market Value (US$ Million) Forecast by Sales Channel, 2017 to 2033
Table 94: MEA Market Volume (MT) Forecast by Sales Channel, 2017 to 2033
Table 95: MEA Market Value (US$ Million) Forecast by Nature, 2017 to 2033
Table 96: MEA Market Volume (MT) Forecast by Nature, 2017 to 2033
Figure 1: Global Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by End Use, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Form, 2023 to 2033
Figure 4: Global Market Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 5: Global Market Value (US$ Million) by Nature, 2023 to 2033
Figure 6: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 7: Global Market Value (US$ Million) Analysis by Region, 2017 to 2033
Figure 8: Global Market Volume (MT) Analysis by Region, 2017 to 2033
Figure 9: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 10: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 11: Global Market Value (US$ Million) Analysis by Product Type, 2017 to 2033
Figure 12: Global Market Volume (MT) Analysis by Product Type, 2017 to 2033
Figure 13: Global Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 14: Global Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 15: Global Market Value (US$ Million) Analysis by End Use, 2017 to 2033
Figure 16: Global Market Volume (MT) Analysis by End Use, 2017 to 2033
Figure 17: Global Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 18: Global Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 19: Global Market Value (US$ Million) Analysis by Form, 2017 to 2033
Figure 20: Global Market Volume (MT) Analysis by Form, 2017 to 2033
Figure 21: Global Market Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 22: Global Market Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 23: Global Market Value (US$ Million) Analysis by Sales Channel, 2017 to 2033
Figure 24: Global Market Volume (MT) Analysis by Sales Channel, 2017 to 2033
Figure 25: Global Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 26: Global Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 27: Global Market Value (US$ Million) Analysis by Nature, 2017 to 2033
Figure 28: Global Market Volume (MT) Analysis by Nature, 2017 to 2033
Figure 29: Global Market Value Share (%) and BPS Analysis by Nature, 2023 to 2033
Figure 30: Global Market Y-o-Y Growth (%) Projections by Nature, 2023 to 2033
Figure 31: Global Market Attractiveness by Product Type, 2023 to 2033
Figure 32: Global Market Attractiveness by End Use, 2023 to 2033
Figure 33: Global Market Attractiveness by Form, 2023 to 2033
Figure 34: Global Market Attractiveness by Sales Channel, 2023 to 2033
Figure 35: Global Market Attractiveness by Nature, 2023 to 2033
Figure 36: Global Market Attractiveness by Region, 2023 to 2033
Figure 37: North America Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 38: North America Market Value (US$ Million) by End Use, 2023 to 2033
Figure 39: North America Market Value (US$ Million) by Form, 2023 to 2033
Figure 40: North America Market Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 41: North America Market Value (US$ Million) by Nature, 2023 to 2033
Figure 42: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 43: North America Market Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 44: North America Market Volume (MT) Analysis by Country, 2017 to 2033
Figure 45: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 46: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 47: North America Market Value (US$ Million) Analysis by Product Type, 2017 to 2033
Figure 48: North America Market Volume (MT) Analysis by Product Type, 2017 to 2033
Figure 49: North America Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 50: North America Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 51: North America Market Value (US$ Million) Analysis by End Use, 2017 to 2033
Figure 52: North America Market Volume (MT) Analysis by End Use, 2017 to 2033
Figure 53: North America Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 54: North America Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 55: North America Market Value (US$ Million) Analysis by Form, 2017 to 2033
Figure 56: North America Market Volume (MT) Analysis by Form, 2017 to 2033
Figure 57: North America Market Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 58: North America Market Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 59: North America Market Value (US$ Million) Analysis by Sales Channel, 2017 to 2033
Figure 60: North America Market Volume (MT) Analysis by Sales Channel, 2017 to 2033
Figure 61: North America Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 62: North America Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 63: North America Market Value (US$ Million) Analysis by Nature, 2017 to 2033
Figure 64: North America Market Volume (MT) Analysis by Nature, 2017 to 2033
Figure 65: North America Market Value Share (%) and BPS Analysis by Nature, 2023 to 2033
Figure 66: North America Market Y-o-Y Growth (%) Projections by Nature, 2023 to 2033
Figure 67: North America Market Attractiveness by Product Type, 2023 to 2033
Figure 68: North America Market Attractiveness by End Use, 2023 to 2033
Figure 69: North America Market Attractiveness by Form, 2023 to 2033
Figure 70: North America Market Attractiveness by Sales Channel, 2023 to 2033
Figure 71: North America Market Attractiveness by Nature, 2023 to 2033
Figure 72: North America Market Attractiveness by Country, 2023 to 2033
Figure 73: Latin America Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 74: Latin America Market Value (US$ Million) by End Use, 2023 to 2033
Figure 75: Latin America Market Value (US$ Million) by Form, 2023 to 2033
Figure 76: Latin America Market Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 77: Latin America Market Value (US$ Million) by Nature, 2023 to 2033
Figure 78: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 79: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 80: Latin America Market Volume (MT) Analysis by Country, 2017 to 2033
Figure 81: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 82: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 83: Latin America Market Value (US$ Million) Analysis by Product Type, 2017 to 2033
Figure 84: Latin America Market Volume (MT) Analysis by Product Type, 2017 to 2033
Figure 85: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 86: Latin America Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 87: Latin America Market Value (US$ Million) Analysis by End Use, 2017 to 2033
Figure 88: Latin America Market Volume (MT) Analysis by End Use, 2017 to 2033
Figure 89: Latin America Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 90: Latin America Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 91: Latin America Market Value (US$ Million) Analysis by Form, 2017 to 2033
Figure 92: Latin America Market Volume (MT) Analysis by Form, 2017 to 2033
Figure 93: Latin America Market Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 94: Latin America Market Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 95: Latin America Market Value (US$ Million) Analysis by Sales Channel, 2017 to 2033
Figure 96: Latin America Market Volume (MT) Analysis by Sales Channel, 2017 to 2033
Figure 97: Latin America Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 98: Latin America Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 99: Latin America Market Value (US$ Million) Analysis by Nature, 2017 to 2033
Figure 100: Latin America Market Volume (MT) Analysis by Nature, 2017 to 2033
Figure 101: Latin America Market Value Share (%) and BPS Analysis by Nature, 2023 to 2033
Figure 102: Latin America Market Y-o-Y Growth (%) Projections by Nature, 2023 to 2033
Figure 103: Latin America Market Attractiveness by Product Type, 2023 to 2033
Figure 104: Latin America Market Attractiveness by End Use, 2023 to 2033
Figure 105: Latin America Market Attractiveness by Form, 2023 to 2033
Figure 106: Latin America Market Attractiveness by Sales Channel, 2023 to 2033
Figure 107: Latin America Market Attractiveness by Nature, 2023 to 2033
Figure 108: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 109: Europe Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 110: Europe Market Value (US$ Million) by End Use, 2023 to 2033
Figure 111: Europe Market Value (US$ Million) by Form, 2023 to 2033
Figure 112: Europe Market Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 113: Europe Market Value (US$ Million) by Nature, 2023 to 2033
Figure 114: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 115: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 116: Europe Market Volume (MT) Analysis by Country, 2017 to 2033
Figure 117: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 118: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 119: Europe Market Value (US$ Million) Analysis by Product Type, 2017 to 2033
Figure 120: Europe Market Volume (MT) Analysis by Product Type, 2017 to 2033
Figure 121: Europe Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 122: Europe Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 123: Europe Market Value (US$ Million) Analysis by End Use, 2017 to 2033
Figure 124: Europe Market Volume (MT) Analysis by End Use, 2017 to 2033
Figure 125: Europe Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 126: Europe Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 127: Europe Market Value (US$ Million) Analysis by Form, 2017 to 2033
Figure 128: Europe Market Volume (MT) Analysis by Form, 2017 to 2033
Figure 129: Europe Market Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 130: Europe Market Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 131: Europe Market Value (US$ Million) Analysis by Sales Channel, 2017 to 2033
Figure 132: Europe Market Volume (MT) Analysis by Sales Channel, 2017 to 2033
Figure 133: Europe Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 134: Europe Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 135: Europe Market Value (US$ Million) Analysis by Nature, 2017 to 2033
Figure 136: Europe Market Volume (MT) Analysis by Nature, 2017 to 2033
Figure 137: Europe Market Value Share (%) and BPS Analysis by Nature, 2023 to 2033
Figure 138: Europe Market Y-o-Y Growth (%) Projections by Nature, 2023 to 2033
Figure 139: Europe Market Attractiveness by Product Type, 2023 to 2033
Figure 140: Europe Market Attractiveness by End Use, 2023 to 2033
Figure 141: Europe Market Attractiveness by Form, 2023 to 2033
Figure 142: Europe Market Attractiveness by Sales Channel, 2023 to 2033
Figure 143: Europe Market Attractiveness by Nature, 2023 to 2033
Figure 144: Europe Market Attractiveness by Country, 2023 to 2033
Figure 145: East Asia Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 146: East Asia Market Value (US$ Million) by End Use, 2023 to 2033
Figure 147: East Asia Market Value (US$ Million) by Form, 2023 to 2033
Figure 148: East Asia Market Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 149: East Asia Market Value (US$ Million) by Nature, 2023 to 2033
Figure 150: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 151: East Asia Market Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 152: East Asia Market Volume (MT) Analysis by Country, 2017 to 2033
Figure 153: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 154: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 155: East Asia Market Value (US$ Million) Analysis by Product Type, 2017 to 2033
Figure 156: East Asia Market Volume (MT) Analysis by Product Type, 2017 to 2033
Figure 157: East Asia Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 158: East Asia Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 159: East Asia Market Value (US$ Million) Analysis by End Use, 2017 to 2033
Figure 160: East Asia Market Volume (MT) Analysis by End Use, 2017 to 2033
Figure 161: East Asia Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 162: East Asia Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 163: East Asia Market Value (US$ Million) Analysis by Form, 2017 to 2033
Figure 164: East Asia Market Volume (MT) Analysis by Form, 2017 to 2033
Figure 165: East Asia Market Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 166: East Asia Market Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 167: East Asia Market Value (US$ Million) Analysis by Sales Channel, 2017 to 2033
Figure 168: East Asia Market Volume (MT) Analysis by Sales Channel, 2017 to 2033
Figure 169: East Asia Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 170: East Asia Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 171: East Asia Market Value (US$ Million) Analysis by Nature, 2017 to 2033
Figure 172: East Asia Market Volume (MT) Analysis by Nature, 2017 to 2033
Figure 173: East Asia Market Value Share (%) and BPS Analysis by Nature, 2023 to 2033
Figure 174: East Asia Market Y-o-Y Growth (%) Projections by Nature, 2023 to 2033
Figure 175: East Asia Market Attractiveness by Product Type, 2023 to 2033
Figure 176: East Asia Market Attractiveness by End Use, 2023 to 2033
Figure 177: East Asia Market Attractiveness by Form, 2023 to 2033
Figure 178: East Asia Market Attractiveness by Sales Channel, 2023 to 2033
Figure 179: East Asia Market Attractiveness by Nature, 2023 to 2033
Figure 180: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 181: South Asia Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 182: South Asia Market Value (US$ Million) by End Use, 2023 to 2033
Figure 183: South Asia Market Value (US$ Million) by Form, 2023 to 2033
Figure 184: South Asia Market Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 185: South Asia Market Value (US$ Million) by Nature, 2023 to 2033
Figure 186: South Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 187: South Asia Market Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 188: South Asia Market Volume (MT) Analysis by Country, 2017 to 2033
Figure 189: South Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 190: South Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 191: South Asia Market Value (US$ Million) Analysis by Product Type, 2017 to 2033
Figure 192: South Asia Market Volume (MT) Analysis by Product Type, 2017 to 2033
Figure 193: South Asia Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 194: South Asia Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 195: South Asia Market Value (US$ Million) Analysis by End Use, 2017 to 2033
Figure 196: South Asia Market Volume (MT) Analysis by End Use, 2017 to 2033
Figure 197: South Asia Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 198: South Asia Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 199: South Asia Market Value (US$ Million) Analysis by Form, 2017 to 2033
Figure 200: South Asia Market Volume (MT) Analysis by Form, 2017 to 2033
Figure 201: South Asia Market Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 202: South Asia Market Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 203: South Asia Market Value (US$ Million) Analysis by Sales Channel, 2017 to 2033
Figure 204: South Asia Market Volume (MT) Analysis by Sales Channel, 2017 to 2033
Figure 205: South Asia Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 206: South Asia Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 207: South Asia Market Value (US$ Million) Analysis by Nature, 2017 to 2033
Figure 208: South Asia Market Volume (MT) Analysis by Nature, 2017 to 2033
Figure 209: South Asia Market Value Share (%) and BPS Analysis by Nature, 2023 to 2033
Figure 210: South Asia Market Y-o-Y Growth (%) Projections by Nature, 2023 to 2033
Figure 211: South Asia Market Attractiveness by Product Type, 2023 to 2033
Figure 212: South Asia Market Attractiveness by End Use, 2023 to 2033
Figure 213: South Asia Market Attractiveness by Form, 2023 to 2033
Figure 214: South Asia Market Attractiveness by Sales Channel, 2023 to 2033
Figure 215: South Asia Market Attractiveness by Nature, 2023 to 2033
Figure 216: South Asia Market Attractiveness by Country, 2023 to 2033
Figure 217: Oceania Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 218: Oceania Market Value (US$ Million) by End Use, 2023 to 2033
Figure 219: Oceania Market Value (US$ Million) by Form, 2023 to 2033
Figure 220: Oceania Market Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 221: Oceania Market Value (US$ Million) by Nature, 2023 to 2033
Figure 222: Oceania Market Value (US$ Million) by Country, 2023 to 2033
Figure 223: Oceania Market Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 224: Oceania Market Volume (MT) Analysis by Country, 2017 to 2033
Figure 225: Oceania Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 226: Oceania Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 227: Oceania Market Value (US$ Million) Analysis by Product Type, 2017 to 2033
Figure 228: Oceania Market Volume (MT) Analysis by Product Type, 2017 to 2033
Figure 229: Oceania Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 230: Oceania Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 231: Oceania Market Value (US$ Million) Analysis by End Use, 2017 to 2033
Figure 232: Oceania Market Volume (MT) Analysis by End Use, 2017 to 2033
Figure 233: Oceania Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 234: Oceania Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 235: Oceania Market Value (US$ Million) Analysis by Form, 2017 to 2033
Figure 236: Oceania Market Volume (MT) Analysis by Form, 2017 to 2033
Figure 237: Oceania Market Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 238: Oceania Market Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 239: Oceania Market Value (US$ Million) Analysis by Sales Channel, 2017 to 2033
Figure 240: Oceania Market Volume (MT) Analysis by Sales Channel, 2017 to 2033
Figure 241: Oceania Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 242: Oceania Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 243: Oceania Market Value (US$ Million) Analysis by Nature, 2017 to 2033
Figure 244: Oceania Market Volume (MT) Analysis by Nature, 2017 to 2033
Figure 245: Oceania Market Value Share (%) and BPS Analysis by Nature, 2023 to 2033
Figure 246: Oceania Market Y-o-Y Growth (%) Projections by Nature, 2023 to 2033
Figure 247: Oceania Market Attractiveness by Product Type, 2023 to 2033
Figure 248: Oceania Market Attractiveness by End Use, 2023 to 2033
Figure 249: Oceania Market Attractiveness by Form, 2023 to 2033
Figure 250: Oceania Market Attractiveness by Sales Channel, 2023 to 2033
Figure 251: Oceania Market Attractiveness by Nature, 2023 to 2033
Figure 252: Oceania Market Attractiveness by Country, 2023 to 2033
Figure 253: MEA Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 254: MEA Market Value (US$ Million) by End Use, 2023 to 2033
Figure 255: MEA Market Value (US$ Million) by Form, 2023 to 2033
Figure 256: MEA Market Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 257: MEA Market Value (US$ Million) by Nature, 2023 to 2033
Figure 258: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 259: MEA Market Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 260: MEA Market Volume (MT) Analysis by Country, 2017 to 2033
Figure 261: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 262: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 263: MEA Market Value (US$ Million) Analysis by Product Type, 2017 to 2033
Figure 264: MEA Market Volume (MT) Analysis by Product Type, 2017 to 2033
Figure 265: MEA Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 266: MEA Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 267: MEA Market Value (US$ Million) Analysis by End Use, 2017 to 2033
Figure 268: MEA Market Volume (MT) Analysis by End Use, 2017 to 2033
Figure 269: MEA Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 270: MEA Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 271: MEA Market Value (US$ Million) Analysis by Form, 2017 to 2033
Figure 272: MEA Market Volume (MT) Analysis by Form, 2017 to 2033
Figure 273: MEA Market Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 274: MEA Market Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 275: MEA Market Value (US$ Million) Analysis by Sales Channel, 2017 to 2033
Figure 276: MEA Market Volume (MT) Analysis by Sales Channel, 2017 to 2033
Figure 277: MEA Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 278: MEA Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 279: MEA Market Value (US$ Million) Analysis by Nature, 2017 to 2033
Figure 280: MEA Market Volume (MT) Analysis by Nature, 2017 to 2033
Figure 281: MEA Market Value Share (%) and BPS Analysis by Nature, 2023 to 2033
Figure 282: MEA Market Y-o-Y Growth (%) Projections by Nature, 2023 to 2033
Figure 283: MEA Market Attractiveness by Product Type, 2023 to 2033
Figure 284: MEA Market Attractiveness by End Use, 2023 to 2033
Figure 285: MEA Market Attractiveness by Form, 2023 to 2033
Figure 286: MEA Market Attractiveness by Sales Channel, 2023 to 2033
Figure 287: MEA Market Attractiveness by Nature, 2023 to 2033
Figure 288: MEA Market Attractiveness by Country, 2023 to 2033
The market crossed USD 16.7 billion in 2022.
The market is projected to reach a market valuation of USD 23.6 billion by 2032 end.
The market is expected to advance at a CAGR of 3.5% through 2032.
Givaudan SA, Fermanich SA, and Kerry Group Plc. Are key players in the market.
The rising demand for powder forms of spice and herb extract is in high demand.
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