Global Dried Herbs Market is expected to be worth $4.90 billion by 2022. During the forecast period, the market is expected to grow at a CAGR of 6.1%, reaching a value of US$ 7.41 billion by 2029.
Dried Herbs Market Overview:
Maximise Market Research’s study on the Dried Herbs Market provides a thorough examination of the market, covering its industrial environment, main players, evolving trends, and regional insights. The results are presented in a logical and understandable way, and the report is based on both primary and secondary research.
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Dried Herbs Market Scope:
The Dried Herbs Market is well covered by MMR’s study, which also identifies the top international players in the market according to variables like volume, value, market share, tactics, and industry growth. It is anticipated that the research will assist firms in strengthening their position in the industry and provide strategies for both new and established market entrants. Together with segmentation by type and end users, the research provides market revenue by area and country.
Dried Herbs Market Segmentation:
By Form, the market is segmented into Whole Herbs and Powdered Herbs. The Whole Herbs segment is expected to hold 62.5% of the overall market share in terms of revenue by 2029. The Whole herb, either dried and summarised or handled are preserved in alcohol or another solvent. Many cultures have used whole herbs for hundreds of years because they encompass all of the plant’s constituents. The use of whole herbs was the substance of modern medicine which is a major reason for driving the growth of the segment.
By Nature, the market is segmented into Organic and Conventional. Organic is expected to hold 72% of the overall market share in terms of revenue by 2029. Because of the growing demand for organic products, organic herbs are possible to be the fastest-growing segment. According to Eurostat, organic agriculture accounts for 7.5% of total agricultural land in Europe. In Europe, the entire organic area endures growing. Organic land covered about 13.4 million hectares in 2018. Additionally, The World Counts assessments that global sales of organic food items have the fastest growth shortly.
By Product Type, the market is segmented into Oregano, Rosemary, Sage, Savoury, Mint, Thyme and Bay Leaves. The Bay Leaves segment is expected to hold the highest market share in terms of revenue by 2029. Bay leaf is high in vitamin A, vitamin B6, and vitamin C. All of these vitamins are known to support and maintain a healthy immune system. Bay leaf tea can help appease upset stomachs. The tea is also very aromatic, which can aid in the relief of sinus compression or a stuffy nose.
By End-User, the market is segmented into Business to Business (B2B) and Business to Customers (B2C). The Business to Business (B2B) segment is expected to hold the highest market share in terms of revenue by 2029. This segment includes Bakery, Snacks, Beverages, Pharmaceuticals, Seasoning & Sauces, Cosmetics & Personal Care industries to drive the overall dried herbs market in the forecast period.
By Drying Method, the market is segmented into Air Drying, Vacuum Drying and Microwave Drying. The Air Drying segment is expected to hold the highest market share in terms of revenue by 2029. Air drying herbs is a good substitute for small amounts of tougher herbs like sage, oregano, rosemary, and bay leaves. This is most possibly the inexpensive and most well-organized method of drying herbs.
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Dried Herbs Market Key Players:
2. McCormick & Company, Inc.
3. Robertet SA
4. Firmenich S A
5. Döhler GmbH
6. Pacific Botanicals
7. Mountain Rose Herbs
8. Van Drunen Farms
9. British Pepper & Spice company
10. Takasago International corporation
11. Archer Daniels Midland Company
12. Synthite Industries Ltd
13. International Taste Solutions Ltd
14. Cherry Valley Organics
15. Catz International B.V.
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Regional Analysis:
The study focuses on North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa as the five key regions for the plastic punnets market. The bulk of the world’s consumption of plastic punnets is attributed to these regions.
Key Questions answered in the Dried Herbs Market are:
- What is Dried Herbs Market?
- What is the forecast period of the Dried Herbs Market?
- What is the competitive scenario of the Dried Herbs Market?
- Which region held the largest market share in the Dried Herbs Market?
- What are the opportunities for the Dried Herbs Market?
- What are the restraining factors in the Dried Herbs Market?
- Who are the key players of the Dried Herbs Market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Dried Herbs Market
- Landscape- Leading key players and other prominent key players.
- Price Trends
- Key Opinion Leaders Offerings
- Government Initiatives
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