Herb and Spice Extracts Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025

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Herb and Spice Extracts Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025

Status : September, 2021 | Food and Beverages

Report Digest


 

Global Herb and Spice Extract Market: Snapshot

Herb and spice extract tend to impart more desirable flavor components of spices and herbs in packaged foods. Not only this, herb and spice extract offer a more consistent flavor than that offered by fresh or dried herbs for these foods.

Herb and spice extracts are easily miscible. They can blend where plain spices and herbs are unable to, and thus meet the taste expectation of consumers.

Herb and spice extract is obtained by distillation of core ingredients.

Herb and spice extracts are primarily categorized into essential oils and oleoresins. Herb and spice extract in the form of essential oils are mostly obtained in two ways, either by distillation or can be expressed from fruit, seed, root, stem, or leaf of a plant.

Herb and spice extract feature some notable virtues. They capture the complete aroma of herb and spices cast as highly concentrated volatile compounds. However, due to lack of nonvolatile constituents of core ingredients, herb and spice extract lack complete flavor of the same.

The amount of volatile constituent of herbs and spices range from 0.4% to 15%. For example, basil among a range of herb and spices contain a low 0.4% volatile compound element, whereas nutmeg contains the highest 15% of volatile compound constituent to be on the other extreme of the spectrum.

Herb and spice extract can be combined in one or more ways with foods. They concentration of herb and spice extract can be adjusted to solubilize their natural flavor in any food.

Global Herb and Spice Extracts Market: Overview

The rising use of herbs and spices in food and beverages industry is one of the key factors estimated to encourage the growth of the global market throughout the forecast period. The increasing focus on Ayurveda and the increasing awareness regarding its combination and benefits are further estimated to accelerate the growth of the global herbs and spices extracts market in the next few years.

The research report offers a detailed overview of the global herb and spice extracts market. The key segments, region outlook, product portfolio, applications, and the competitive landscape of the global market have been discussed thoroughly in the scope of the research study. In addition to this, a list of the key players that are operating in the global market has been mentioned in the scope of the research study.

Global Herb and Spice Extracts Market: Key Trends

People, across the globe are making use of herbs and spices in their food products, which has accelerated the market growth. The increasing cases of life-threatening diseases, including heart diseases and cancer are advised to make use of particular herbs and spices, thanks to which, the global herbs and spices extracts market is likely to generate promising growth opportunities for the key players operating in the market across the globe.

Global Herb and Spice Extracts Market: Market Potential

Herbs and spices are majorly used in different in food and beverages, personal care, pharmaceuticals, and others. The increasing number of applications and the rising awareness among consumers regarding the benefits of consuming herbs and spices are further projected to accelerate the overall growth of the market in the next few years. The marketing and advertising activities carried by the leading players are projected to accelerate the growth of the global herbs and spices extracts market throughout the forecast period.

Global Herb and Spice Extracts Market: Regional Outlook

The global market for herb and spice extracts market has been classified into North America, Latin America, the Middle East and Africa, Asia Pacific, and Europe. Among these, Asia Pacific is projected to emerge as a leading segment in the next few years. The availability of a large number of herbs and spices, thanks to the predominance of agrarian economy is considered as one of the key factors projected to accelerate the growth of the Asia Pacific herb and spice extracts market throughout the forecast period. Furthermore, Europe is estimated to witness a substantial growth in the next few years, thanks to the rising demand for different types of herbs and spices.

Global Herb and Spice Extracts Market: Competitive Analysis

The global market for herb and spices extracts is projected to witness a high level of competition throughout the forecast period. Some of the key players operating in the herb and spice extracts market across the globe are Dohler GmbH, Symrise AG, Archer Daniels Midland Company, Firmenich S A, Sensient Technologies Corporation, Ajinomoto Co., Inc., Kalsec Inc., Frutarom Industries Ltd., Givaudan SA, Takasago International corporation, McCormick and Company, Inc., British Pepper & Spice Company, Naturex SA, Organic Herb Inc., Olam International, Synthite Industries Ltd., Kerry Group Plc., International Taste Solutions Ltd., Robertet SA, and Foodchem International Corporation.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?