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:

The global Dried Herbs market has experienced notable growth and evolution in recent years, driven by factors such as increasing consumer demand for diverse and flavorful cuisines, as well as the growing awareness of the health benefits associated with Dried Herbs consumption. Dried Herbs, derived from the dried berries of the Piper nigrum plant, has long been a staple in kitchens worldwide, appreciated for its distinctive pungent flavor and aromatic qualities. The market's dynamism is also attributed to the spice's versatile applications, ranging from culinary uses to its incorporation in traditional medicine practices. As a result, the Dried Herbs market has witnessed a surge in both production and consumption, with key players in the industry constantly innovating to meet the evolving preferences of consumers. Additionally, the global trade of Dried Herbs has been on the rise, facilitated by the ease of transportation and the spice's integration into various international cuisines, contributing to the spice's enduring popularity on a global scale.

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Dried Herbs Market Scope:

The Dried Herbs market exhibits a broad scope and promising potential, propelled by diverse factors influencing its dynamics. The demand for Dried Herbs continues to surge due to its integral role in enhancing the flavor profile of a wide array of dishes across various cuisines globally. Furthermore, the increasing awareness among consumers regarding the health benefits associated with Dried Herbs, such as its antioxidant and anti-inflammatory properties, contributes to its expanding market scope. The versatility of Dried Herbs in both culinary and medicinal applications positions it as a sought-after commodity in the food and healthcare industries. Moreover, the market scope is accentuated by the evolving trends in the food sector, where consumers are increasingly seeking natural and authentic flavors, thereby driving the demand for high-quality Dried Herbs. As the spice continues to transcend geographical boundaries, the Dried Herbs market's scope is set to grow, presenting opportunities for market players to explore innovative products and cater to the ever-changing preferences of consumers.

 

Dried Herbs Market Segmentation:

The market is divided into two segments based on form: whole herbs and powdered herbs. By 2029, the Whole Herbs category is anticipated to account for 62.5% of the market in terms of revenue. The entire herb is preserved in alcohol or another solvent, either dried and pulverized or handled. For hundreds of years, whole herbs have been used in many cultures because they contain all the constituents of the plant. One of the main factors propelling the segment's growth is the fact that modern medicine relies heavily on the use of whole herbs.

The market is divided into Organic and Conventional segments by nature. By 2029, organic is predicted to account for 72% of the market in terms of revenue. Organic herbs could grow at the fastest rate due to the rising demand for organic products. 7.5% of Europe's total agricultural land is used for organic farming, according to Eurostat. The whole organic sector in Europe keeps expanding. In 2018, there were roughly 13.4 million hectares of organic land. Furthermore, according to The World Counts, the fastest growth in recent years is expected in the global sales of organic food items.

The market is divided into Oregano, Rosemary, Sage, Savoury, Mint, Thyme, and Bay Leaves segments based on Product Type. By 2029, the Bay Leaves segment is anticipated to have the largest revenue market share. Vitamin A, vitamin B6, and vitamin C are abundant in bay leaf. A strong immune system is known to be supported and maintained by each of these vitamins. Tea made with bay leaves helps soothe upset stomachs. Additionally, the tea has a strong aroma, which helps relieve stuffy noses and sinus congestion.

The market is divided into two segments based on End-User: Business to Business (B2B) and Business to Customers (B2C). By 2029, it is anticipated that the Business to Business (B2B) segment will have the largest revenue market share. The industries in this segment—baked goods, snacks, beverages, pharmaceuticals, seasoning and sauces, cosmetics, and personal care—will propel the dried herbs market as a whole during the projected period.

The market is divided into three segments based on drying methods: air drying, vacuum drying, and microwave drying. By 2029, it is anticipated that the Air Drying category will have the largest revenue market share. Sage, oregano, rosemary, and bay leaves are examples of tougher herbs that work well when dried by air. This is arguably the most efficient and least expensive way to dry herbs.

1. Dried Herbs Market Size, by Nature (2022-2029)
• Organic
• Conventional
2. Dried Herbs Market Size, by Form (2022-2029)
• Whole Herbs
• Powdered Herbs
3. Dried Herbs Market Size, by Product Type (2022-2029)
• Oregano
• Rosemary
• Sage
• Savoury
• Mint
• Thyme
• Bay Leaves
Dried Herbs Market Size, by End-User (2022-2029)
• Business to Business (B2B)
• Business to Customers (B2C)
5. Dried Herbs Market Size, by Drying Method (2022-2029)
• Air Drying
• Vacuum Drying
• Microwave Drying

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Dried Herbs Market Key Players: The key players are

1. The Kraft Heinz Company
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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Dried Herbs Market Regional Analysis:

The Dried Herbs market prediction research is created after a thorough examination of many geographical areas, including Asia-Pacific, Europe, North America, and the rest of the globe. North America has the greatest power over the Dried Herbs market share and will continue to be a major shareholder in the global Dried Herbs market.

COVID-19 Impact Analysis on Dried Herbs Market: The COVID-19 impact on the Dried Herbs market is also included in the report

Key Questions Answered in the Dried Herbs Market Report are:

  • What will be the CAGR of the Dried Herbs market during the forecast period?
  • Which segment emerged as the leading segment in the Dried Herbs market?
  • Which are the prominent players in the Dried Herbs market?

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