Organic Spices Market

• Growing demand for organic food to propel market growth

The demand for organic food items has increased significantly in recent years, particularly in developed nations, as a result of rising disposable income and health consciousness worldwide. The usage of chemical pesticides and fertilizers on crops will have negative consequences on the environment and human health, consumers are becoming more aware of this fact. Artificial food coloring, which is frequently found in non-organic spices and can damage consumer health. For instance, in 2020, cooking powder with a high lead content caused more than 560 people to become ill in India.

Lead chromate was used to intensify the golden color of turmeric, while lead oxide was used to give a deep red color to chili powders. On the other hand, while growing or processing organic spices, no such dangerous compounds are used. Thus, this factor is driving the market CAGR for organic spices.

Furthermore, due to the antibacterial qualities and antioxidant content of organic spices, pharmaceutical companies all over the world are spending heavily in these drugs. Active substances like piperine, eugenol, cinnamaldehyde, and lignans are present in the oils and extracts of organic spices like nutmeg, cinnamon, cloves, and black pepper. Similar to this, ingredients like linalool, thymoquinone, curcumin, allicin, and geranial are known to be present in condiments like coriander, black cumin, turmeric, garlic, and ginger. These substances have a reputation for preventing a number of illnesses.

Furthermore, spices and herbs are widely used in Traditional Chinese Medicine and Ayurveda to treat a variety of diseases. A significant element influencing the growth of the organic spice market is the increasing popularity of these medical procedures in Asia and the rising awareness of them in Europe and North America.

However, key trends that are becoming increasingly popular in the organic spice market include product innovations. For market expansion, the top market players are creating cutting-edge items. For instance, ORCO, an Indian maker of natural products, introduced a new line of organic seasonings and spices to its clientele in India in December 2020. The company has added 32 new products to its extensive line of 100% natural, healthful, and organically grown seasonings and condiments. Pesticides and other potentially dangerous substances are not used in ORCO spices.

They are hand-ground on a manual mill to maintain their natural attributes, including color, flavor, and aroma (chakki). Thus, it is anticipated that this aspect will accelerate organic spices market revenue.

The expansion of e-commerce platforms is transforming the Global Global Organic Spices Market Industry. Online shopping provides consumers with greater access to a variety of organic spices, often at competitive prices. This shift is particularly relevant in urban areas, where consumers may prefer the convenience of online purchasing. The rise of digital marketplaces is likely to facilitate the growth of the organic spices sector, as it allows for better product visibility and consumer engagement. Consequently, this trend may contribute to the market's projected growth, enhancing the overall accessibility of organic spices.

The increasing awareness of health and wellness among consumers appears to be a primary driver for the Global Global Organic Spices Market Industry. As individuals seek to enhance their diets with natural and organic products, the demand for organic spices is likely to rise. This trend is reflected in the market's projected value of 0.9 USD Billion in 2024, as consumers prioritize products free from synthetic additives. Furthermore, the shift towards organic consumption suggests that the market could expand significantly, potentially reaching 1.58 USD Billion by 2035, indicating a growing preference for healthier alternatives.

The increasing interest in diverse culinary experiences is driving the Global Global Organic Spices Market Industry. As consumers explore global cuisines, the demand for unique and authentic spices is likely to rise. This trend is evident in the growing popularity of ethnic foods, which often incorporate organic spices. The market's expansion is supported by the notion that consumers are willing to invest in high-quality ingredients to enhance their cooking. This evolving culinary landscape may further stimulate the market, as organic spices become essential components of modern cooking.

Sustainable farming methods are increasingly being adopted within the Global Global Organic Spices Market Industry. These practices not only promote environmental health but also enhance the quality of spices produced. The emphasis on organic farming techniques, such as crop rotation and natural pest control, aligns with consumer preferences for eco-friendly products. As a result, the market may experience a compound annual growth rate of 5.24% from 2025 to 2035. This growth reflects a broader societal shift towards sustainability, which is likely to influence purchasing decisions and drive demand for organic spices.

Government regulations promoting organic farming and production are playing a crucial role in the Global Global Organic Spices Market Industry. Many countries are implementing policies that support organic agriculture, providing incentives for farmers to transition to organic practices. This regulatory framework not only enhances consumer trust in organic products but also encourages market growth. As more farmers adopt organic methods, the supply of organic spices is likely to increase, meeting the rising consumer demand. This supportive environment could significantly impact the market's trajectory in the coming years.

By region, the study provides the market insights for organic spices into North America, Europe, Asia-Pacific and Rest of the World. North America organic spices market accounted for USD 0.4 billion in 2022 with a share of around 45.80% and is expected to exhibit a significant CAGR growth during the study period. The region is anticipated to rise as a result of rising disposable income levels among consumers in developed nations like the United States of America (USA) and Canada, as well as rising consumer awareness of organic spices and their health advantages.

Further, the major countries studied in the market report for organic spices are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3:  ORGANIC SPICES MARKET SHARE BY REGION 2022 (%)Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Europe market of organic spices accounts for the second-largest market share. The expansion is anticipated to be positively impacted by the rising use of authentic flavors and food preparation techniques, particularly for traditional foods from Eastern European nations like Russia and Poland. Further, the UK organic spices market held the largest market share, and the Germany organic spices industry was the fastest growing market in the region.

Asia Pacific organic spices market is expected to grow at the fastest CAGR from 2022 to 2030. The region is anticipated to grow as a result of rising demand for flavored and ethnic organic spices, which is being driven by shifting gastronomic fads and the existence of sizable multicultural populations in developing nations like China and India. Also, the introduction of novel and exotic flavors is anticipated to increase consumer disposable income and stimulate regional demand. Moreover, China organic spice market held the largest market share, and the India organic spices industry was the fastest growing market in the region.

Major market players are spending a lot of money on R&D to increase their product lines, which will help the organic spices market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the organic spices industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

One of the primary business strategies adopted by manufacturers in the  organic spices industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, organic spices industry has provided medicine with some of the most significant benefits.

The organic spices market major player such as McCormick & Company (US), S.O.A.P (India), The Spice Hunter Inc. (US), PDS Organic Spices (India), Farm Boy Company Inc. (Canada), Sun Impex International Foods LLC (UAE), Frontier Co-op (US), Colorado Spice (US), Organic Spices Inc. (US), The Watkins Co. (US), Organic Tattva (India), Blue Dragon Canada Limited (Canada), Primal Palate (US) and SpiceLuxe (US).

An American food firm named McCormick & Company, Incorporated creates, markets, and provides retail establishments, food producers, and foodservice companies with spices, seasoning mixes, condiments, and other flavored items. Based on income, they are the world's largest producer of spices and related food goods, and their products are sold in many nations. McCormick, a Fortune 500 corporation, employs over 14,000 people worldwide. In the third quarter of 2018, the corporate headquarters relocated from Sparks to Hunt Valley, Maryland. In 2021, in the UK and France, McCormick expanded its selection of tastes and natural spices.

ITC Ltd is a multinational with its main office in Kolkata. ITC is present in a variety of sectors, including FMCG, hotels, software, packaging, paperboards, specialty papers, and agro. 13 enterprises across 5 market areas make up the organisation. It exports its goods to 90 different nations. In July 2021, Sunrise Foods Private Limited (SFPL) was purchased by ITC Limited, an Indian multinational corporation, for a price of $287.7 million. It is anticipated that the acquisition will allow ITC to expand its current spice lineup under the Aashirvaad brand.

An organisation founded in India that specialized in organic spices is called Sunrise Foods Private Limited.