Description
Global Dried Herbs Market to surpass USD 9.82 billion by 2030 from USD 5.38 billion in 2020 at a CAGR of 5.6 % in the coming years, i.e., 2021-30. This growth is anticipated due increasing mergers and acquisitions across various sectors which will create a worldwide demand for Dried Herbs.
Product overview
Herbs are plants that have a wide range of uses and benefits in a variety of industries. Fresh herbs, on the other hand, are perishable and prone to bacteria and fungi. As a result, these herbs are dried to avoid causing harm to the flexible plants. Drying techniques such as air drying, microwave drying, and vacuum drying remove the water from fresh herbs, resulting in dried herbs. Many herbs taste better after being dried because the flavor is concentrated. Dried herbs have a wide range of uses in both the B2B and B2C markets. In the B2B market, dried herbs are widely used in food processing, cosmetics formulations, and medical remedies.
Market Highlights
Global Dried Herbs market is expected to project a notable CAGR of 5.6% in 2030.
The increasing demand for packaged foods and convenience foods, the longer shelf life of dried herbs, the disposable incomes of customers, the health benefits associated with dried herbs, and developments in the health food sector are all driving the growth of the dried herbs market.
Global Dried Herbs Market: Segments
Oregano segment to grow with the highest CAGR during 2020-30
Global Dried Herbs market is segmented by type into oregano, rosemary, sage, mint, thyme, and bay leaves. Oregano’s segment held the largest market share in the year 2020 due to its use as a food preservative in the food and beverage industry. It can also be used in dietary supplements because it is high in calcium, magnesium, vitamin B6, and iron. Furthermore, the growing use of oregano in healthcare, where it is used to treat headaches, arthritis, Alzheimer’s disease, and other ailments, is bolstering the growth of the segment.
Organic segment to grow with the highest CAGR during 2020-30
Global Dried Herbs market is divided by nature into organic and conventional. Over the forecast period, the organic segment is projected to expand at the fastest pace as a result of increased customer awareness regarding the negative effects of artificial flavors. Furthermore, organic dried herbs are widely used in shakes, herbal teas, and smoothies, which is expected to boost the segment’s development over the coming years.
B2B segment to grow with the highest CAGR during 2020-30
Global Dried Herbs market is segmented by end-use into B2B and B2C. B2B segment held the largest market share in the year 2020. During the forecast period, it is predicted to be the largest and fastest-growing market. Dried herbs are used in a variety of industries, including the food manufacturing, cosmetic, and healthcare industries, among others. The growth of the B2B segment is aided by these verticals.
Market Dynamics
Drivers
Medicinal Health Benefits of Dried Herbs and Surging Demand from End Users
The growing interest in packaged foods and convenience foods, the longer timeline of practical usability of dried herbs, and the dispensable income of consumers are some of the major drivers for the growth of the dried herbs market. Furthermore, the medicinal benefits of dried herbs, as well as advances in the health food industry, would boost demand for dried herbs during the forecast era.
Increased Demand for Packaged Foods and Longer Shelf Life
Furthermore, the cosmetics and pharmaceutical industries are providing opportunities to the dried herbs market to expand. Furthermore, dried herbs are used to describe a few therapeutic remedies due to their health benefits, which is driving up demand. In addition, the key consumer growth factor is increased demand for packaged foods and convenience foods, coupled with a longer shelf life of dried herbs.
Restraint
Competition from Local Manufacturers and High Costs Associated with Market
Competition from local manufacturers as well as high raw material and manufacturing costs are the market’s stumbling block.
Global Dried Herbs Market: Key players
Van Drunen Farms
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Takasago International corporation
Synthite Industries Ltd
Cherry Valley Organics
The Kraft Heinz Company
Robertet SA
McCormick & Company
Firmenich S A
Pacific Botanicals
Other Prominent Players
Global Dried Herbs Market: Regions
Global Dried Herbs market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global Dried Herbs in Asia Pacific held the largest market share in the year 2020 because of the rising demand for delicacies food in the region and the growing production rate of dried herbs. Due to a strong distribution channel for the food and beverage industry, the North American region is expected to expand rapidly over the forecast period.
Global Dried Herbs Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Dried Herbs Market report also contains analysis on:
Dried Herbs Market Segments:
By Type
Oregano
Rosemary
Sage
Mint
Thyme
Bay Leaves
By Nature
Organic
Conventional
By End-Use
B2B
B2C
Dried Herbs Market Dynamics
Dried Herbs Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Dried Herbs Market Report Scope and Segmentation
Frequently Asked Questions
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