November 5, 2024
Dried Herbs Market

Dried Herbs Market is rising due to increasing health awareness

With rising health consciousness among consumers globally, dried herbs are gaining popularity owing to their richness in nutrients as well as medicinal properties. Dried herbs offer various health benefits including antimicrobial, antioxidative and anti-inflammatory properties. Some key varieties in demand are garlic, oregano, rosemary, sage and thyme. The dried herbs extracts are used in food processing, pharmaceutical and personal care industries.

Dried Herbs Market Size typically comprise the leaves, flowers, stems or seeds of plants which are dehydrated for preservation. They help enhance flavor and texture in various culinary applications. Compared to fresh herbs, dried herbs have an extended shelf life and can be stored and used throughout the year. They provide concentrated flavoring and are time efficient as no chopping or preparation is required before use. With hectic lifestyles, convenience factor has been a major driver behind demand for dried herbs.

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 and 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 and Sauces B.V., Aum Agri Freeze Foods, Aadhunik Ayurveda, Flex Foods, and Saipro Biotech Private Limited.

Growing health awareness among consumers is fueling demand for dried herbs globally. Consumers are increasingly opting for herbs and spices over processed foods for perceived wellness benefits.

The dried herbs market is expanding globally driven by rising export of dried herbs from producing countries and growing demand in developing nations of Asia Pacific and Middle East & Africa. Ease of incorporating dried herbs in various cuisines across regions has boosted their adoption.

Market Key Trends

One of the major trends in the Dried Herbs Market Size And Trends is the growing popularity of organic and naturally grown herbs. Various companies have started certified organic herb product lines to cater to consumers looking for clean label products free from pesticides and artificial preservatives. Companies are also focusing on developing innovative seasoning blends with dried herbs for convenience cooking applications. Sustainable and eco-friendly packaging is another area garnering attention in the dried herbs industry to appeal to environmentally conscious customers. As health trends like vegetarianism and veganism rise, dried herb producers are positioning their products as meat substitutes and offering diverse plant-based culinary experiences.

Porter’s Analysis

Threat of new entrants: The threat is moderate as the capital requirement for dried herbs production is moderate but the market is fragmented with many regional players. Bargaining power of buyers: The bargaining power is moderate as dried herbs have many substitutes but customers prefer quality and consistency in taste. Bargaining power of suppliers: The bargaining power is low as raw material suppliers have less influence due to availability of substitutes. Threat of new substitutes: The threat is high as fresh herbs and cultured meat can substitute dried herbs in future. Competitive rivalry: Intense due to market fragmentation with many regional players.

Geographical regions

In terms of value, Europe dominates the global dried herbs market holding around 35% share, followed by North America. This is attributed to high demand for dried herbs in culinary applications and food processing industries in countries like Germany, France, Italy and UK.

The Asia Pacific dried herbs market is expected to grow at the fastest CAGR during the forecast period. This is due to rising population, growing health awareness and increasing consumption of convenience and ready-to-eat food products in countries like India and China. Consumption of dried herbs as flavor enhancers and preservatives in East Asian cuisine is also fueling market growth in the region.

*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it

About Author - Priya Pandey
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Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement. LinkedIn ProfileĀ 

 

About Author - Priya Pandey

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement. LinkedIn ProfileĀ   

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