Fresh Herbs Market Research Report - Global Forecast till 2030

Global Fresh Herbs Market Research Report Information By Type (Basil, Chives, Coriander, Parsley, Mint, Salicornia and others), By Category (Conventional and Organic), By Distribution Channel (Foodservice and Food Retail) - Forecast till 2030

ID: MRFR/F-B & N/7317-CR | 122 Pages | Author: Snehal Singh | February 2021         

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Fresh Herbs Market Overview


Fresh Herbs Market has perceived sustained progress over the last few years and is anticipated to develop by USD 1,679.5 Million from 2022-2030 at a CAGR of 4.15%. Using fresh herbs as flavoring agents in a series of cooking arrangements is important in improving the total food flavor. The standard variations of herbs like mint, parsley, coriander, basil, and chives, are used as dish enhancers in various cuisines globally. Herbs with aromatic or sweet-smelling features are used to add flavor to food, combined into fragrances, and even used as a component of natural medicines.


Although the fresh herbs market is minor compared to fruit and vegetables, it is a business established significantly over the past few decades. The pandemic had been severe, and the international market for fresh herbs was extremely affected. The mainstream of the fresh herbs traded in the universal market goes directly to cafes, and with the shutting down of restaurants due to the nationwide lockdowns, the total market for herbs has come to a halt. It is evaluated that it could take a while for the fresh herbs market to improve after the worldwide pandemic.


The increase in demand for cuisine from various regions has augmented owing to globalization, which is projected to encourage the share of fresh herbs market in the predicted period. The emerging claim trends noted internationally for fresh herbs packaged are projected to donate to emerging fresh herbs and spices at farmers' markets in the upcoming times. The rapid growth of the food service business enhanced by eating out than at home is projected to excite the fresh herbs market in the prediction period.


COVID-19 Analysis


Even though the fresh herbs market is very small when compared to that of fruit and vegetables, it is an industry that has developed appreciably over the past few years. The COVID-19 pandemic's influence had been harsh, and the global market for fresh herbs had been deeply affected. The majority of the fresh herbs sold in the worldwide market go straight to restaurants, and with the shutting of restaurants owing to the national lockdowns, the entire market for herbs has come to a standstill. It is estimated to take a while for the fresh herbs market to recover after the global situation changes.


Market Dynamics


Drivers



  • Rising Popularity Of Cross-Cultural Cuisines


The surge in demand for cuisine from different regions has increased due to globalization, and this is estimated to promote the fresh herbs market share in the forecast period.



  • Growing Preference For Packaged Fresh Herbs


The developing demand trends noted globally for fresh herbs packaged are estimated to contribute to developing fresh herbs and spices at farmers' market in the coming period.



  • Growth Of The Foodservice Industry


The fast development of the foodservice industry fuelled by eating out rather than at home is estimated to stimulate the fresh herbs market in the forecast period.


Opportunities



  • Demand For Organic Fresh Herbs


The call for organic produce has risen globally due to increased consumer understanding, and this is predicted to benefit the fresh herb companies in the coming years.


Challenges



  • Volatile Commodities Prices


As is the case with fresh produce, the process for growing fresh herbs is hugely at the mercy of nature and distribution chains, which lead to fluctuations in the prices of the products.


Segment Overview


Based On Type


The basil segment is primed to control the dominated fresh herbs market with a share of nearly 20% in the forecast period.


By Category


The conventional segment is predicted to control the leading segment during the forecast period.


Based On The Distribution Channel


The retail food segment is anticipated to record the uppermost CAGR of 4.2% throughout the forecast period.


Regional Analysis



  • Asia Pacific To Hold Controlling Stance In Global Market


The highest herb yielding countries are clustered in Asia and Europe's regions. The Asia Pacific established itself as the largest herb-producing region in 2021, with huge amounts of fresh herbs being exported to the regional markets of North America and the Middle East. Generally, herb production is very volatile and is primarily affected by environmental influences, such as floods, rainfall, and droughts, making a gap in need and supply, heading to price variations. Thus, instabilities in fresh herbs' prices are anticipated to confine the market's development throughout the forecast period. The Asia Pacific region is anticipated to increase earnings to USD 356.19 million from 2022 to 2030. China is an important country-level market, contributing to the Asia Pacific fresh herbs market's growth.



  • Europe To Show Robust Progress


Europe is anticipated to record the uppermost CAGR throughout the forecast period due to the intensifying demand for fresh culinary herbs in the region, particularly in Northern Europe.


Competitive Landscape


The renowned players in the fresh herbs market are



  • Spisa Group (Sweden),

  • Vitacress (UK),

  • Van Vugt Kruiden (Netherlands),

  • Rocket Farms (US),

  • Nomad Foods (UK),

  • Pacific Botanicals (US),

  • Shenandoah Growers, Inc. (the US),

  • Langmead Herbs (UK),

  • Organic Herb Trading Company (UK),

  • Al-Hanin Herbs (Egypt)


Recent Developments


In 2021 Grow Up FARM, a Danish-based budding company, has announced a new product called Eat-Grow-Repeat, which contains small pea plants cultured in hemp in a bag. 


Report Analysis


By Type



  • Basil

  • Chives

  • Coriander

  • Parsley

  • Mint

  • Salicornia

  • Others


By Category



  • Conventional

  • Organic


By Distribution Channel



  • Foodservice

  • Food Retail



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 1,679.5 Million
  CAGR   4.15%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Category, Distribution Channel, and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Spisa Group (Sweden),, Vitacress (UK), Van Vugt Kruiden (Netherlands), Rocket Farms (US), Nomad Foods (UK), Pacific Botanicals (US), Shenandoah Growers, Inc. (the US), Langmead Herbs (UK), Organic Herb Trading Company (UK), Al-Hanin Herbs (Egypt)
  Key Market Opportunities   Demand For Organic Fresh Herbs
  Key Market Drivers

  • Rising Popularity Of Cross-Cultural Cuisines.
  • Growing Preference For Packaged Fresh Herbs.
  • Growth Of The Foodservice Industry


  • Frequently Asked Questions (FAQ) :

    The fresh herbs market is growing at a CAGR of 4.15% over the forecast period.

    Spisa Group (Sweden), Vitacress (UK), Van Vugt Kruiden (Netherlands), Rocket Farms (US), Nomad Foods (UK), Pacific Botanicals (US), Shenandoah Growers, Inc. (the US), Langmead Herbs (UK), Organic Herb Trading Company (UK), Al-Hanin Herbs (Egypt) are some of the top players in the global fresh herbs market.

    Asia Pacific holds the largest share in the global fresh herbs market.

    Fresh herbs market is estimated to reach a valuation of approx. USD 1,679.5 million by the end of 2030.

    Key Questions Answered

    • ✅ Global Market Outlook
    • ✅ In-depth analysis of global and regional trends
    • ✅ Analyze and identify the major players in the market, their market share, key developments, etc.
    • ✅ To understand the capability of the major players based on products offered, financials, and strategies.
    • ✅ Identify disrupting products, companies, and trends.
    • ✅ To identify opportunities in the market.
    • ✅ Analyze the key challenges in the market.
    • ✅ Analyze the regional penetration of players, products, and services in the market.
    • ✅ Comparison of major playersโ€™ financial performance.
    • ✅ Evaluate strategies adopted by major players.
    • ✅ Recommendations
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