Global dried herbs market is expected to register a steady CAGR of 4.90% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the growth in adoption rate of herbal products and herbal medicines.
This dried herbs report understand the market important and its need in today’s competitive world so the report helps in the best possible way to make the business successful. The dried herbs report provides market overview which includes scope & product overview, classification of the market by size, share and type. It offers key raw materials analysis, Price trend of key Raw materials, key suppliers of raw materials and manufacturing process analysis. It identifies developments, market shares and strategies employed by the major market players. Pin point and estimate vital and diverse type under growth for the dried herbs market.
Key Market Competitors:
Few of the major competitors currently working in the global dried herbs market are McCormick & Company, Inc.; Döhler; Pacific Botanicals; MOUNTAIN ROSE HERBS; Van Drunen Farms; British Pepper & Spice Co Ltd; Synthite Industries Ltd.; ITS Taste; Cherry Valley Organics; Catz International; The Spice House; Vardhaman Exotic Herbs & Spices; Euroma; Sorich Organics Private Limited; Holyland Marketing Private Limited, Hamps Bio Private Limited among others.
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Global dried herbs market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of dried herbs market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Increasing focus of manufacturers to provide consumers with organic dried herbs due to the growing preference for adopting natural, organic food ingredients is expected to boost the growth of the market
Enhancement of shelf life of herbs due to drying processing is also expected to boost the growth of the market
Easy-to-use and consume products demand has increased due to changes in lifestyles of consumers can act as a market driver
Growing innovations in technology and product offerings can boost the growth of the market
Availability of lower-cost fresh herbs alternatives is expected to restrict the growth of the market
Concerns regarding contamination of spices & herbs with adulterants and other chemical substances to increase their consumption life is expected to hinder the growth of the market
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market drivers and restraints analysis along with the analysis of the market structure
Segmentation: Global Dried Herbs Market
By Product Type
By Drying Method
Salads & Dressings
Seasoning & Sauces
Cosmetics & Personal Care
Food Service Providers
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of Middle East and Africa
Key Developments in the Market:
In February 2018, Euroma announced that they had acquired Intertaste after they had received the approval from the “Authority for Consumers & Markets (ACM)”. This acquisition of business operations of spices and herbs will help Euroma become an established leader for the products in the European market. The combined employees of the company are expected to increase the total workforce to around five hundred employees which is expected to increase the overall capacity and production capabilities
In April 2016, McCormick & Company, Inc. announced that they had acquired Botanical Food Company, Pty Ltd for USD 114 million. This acquisition includes the business brand of Gourmet Garden which deals in sale of chilled packaged herbs with the company exporting its products to around fifteen countries. The inclusion of Gourmet Garden’s products and operational assets will help complement the existing offerings of McCormick & Company, Inc. enhancing their global presence
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