by Dried herbs are dehydrated plants which are used to add flavor, aroma, and color to food products. They are rich in antioxidants and vitamins along with having antimicrobial properties which boost immunity. Dried herbs find extensive usage in cuisines all over the world to enhance taste. They are preferred over fresh herbs due to their longer shelf life, availability throughout the year, and ability to retain nutritional value when stored properly. Some commonly used dried herbs include oregano, basil, sage, rosemary, thyme and mint. Factors such as growing health consciousness, rapid urbanization, and changing lifestyles have increased the demand for convenience foods which uses Dried Herbs Market Demand as a key ingredient.
The global dried herbs market is estimated to be valued at US$ 3.81 Bn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the dried herbs are Mevive International, All-Season Herbs Pvt. Ltd., British Pepper Spice Company, McCormick and Company, Inc., DF World of Spices GmbH, Koninklijke Euroma BV, Paulig Group, Olam International, Kräuter Mix GmbH, RAMÓN SABATER S.A.U., Naturalin, Husarich GmbH, Royal Spices, Elite Spice, U.S. Spice Mills Inc., Verstegen Spices & Sauces B.V., Aum Agri Freeze Foods, Aadhunik Ayurveda, Flex Foods, and Saipro Biotech Private Limited.
The key opportunities in the dried herbs market include expanding applications in culinary preparations, ready-to-cook meals, snacks and other convenience food products. There is huge potential for growth in emerging economies due to rising incomes, rapid urbanization, and changing dietary habits.
Global expansion of the dried herbs market will be driven by growing international trade. Leading producers are focusing on increasing exports to regions with increasing demand such as Asia Pacific and Middle East Africa. Partnerships and mergers & acquisitions will allow companies to establish supply chains and distribution networks in new geographies.
Market Drivers
The main driver for the Dried Herbs Companies is the increasing usage of herbs and spices in the food industry. Dried herbs act as natural preservatives and enhancers of flavor and aroma. They are widely used in seasoning mixes, snack seasonings, soup mixes and other food applications. Rising health awareness is also propelling demand as dried herbs contain antioxidants, vitamins and antimicrobial properties. Factors such as growing demand for convenience foods and changing dietary preferences are expected to support market growth over the forecast period.
PEST Analysis
Political: Regulations around food safety and quality standards impact the dried herbs market. Any changes to such regulations could affect production and trade of dried herbs.
Economic: Factors such as global GDP growth, disposable incomes, and population trends determine the overall demand for dried herbs used in food preparations.
Social: Changing consumer preferences towards natural, organic, and ready-to-use food products influence the demand for dried herbs and herb blends.
Technological: Advances in drying and packaging technologies help herb producers offer products with longer shelf life and freshness. Automation in processing aids higher and more consistent output.
Geographical concentration
Europe accounts for the largest market share in terms of value, driven by robust demand in countries such as Germany, France, Italy, and the UK. Traditional use of dried herbs in regional cuisines and growing popularity of Mediterranean diets contribute to high herb consumption.
Fastest growing region
The Asia Pacific region is expected to witness the fastest growth over the forecast period led by developing countries such as India and China. Rising disposable incomes, western influence on diets, and expanding urban middle class are fueling the demand for dried herbs in processed food, snacks, and home-cooked meals.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
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