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 Report Overview:
The Dried Herbs Market Research Report provides a comprehensive overview of the market, including its current state, definitions, classifications, applications, industry chain structure, and key players. The report also includes unbiased professional commentary on the present market scenario, market performance, production and consumption rates, demand and supply ratios, and income generation over the forecast period. In addition, the report provides information on the leading businesses functioning in the Dried Herbs industry, their strategic ambitions, and company growth strategies.The report also evaluates mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand promotions, and product launches in the Dried Herbs market.
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Dried Herbs Market Scope:
Maximize Market Research's Dried Herbs Market Report provides a comprehensive analysis of the market, using a dynamic research methodology. The report covers major growth drivers, market dynamics, challenges, and scope, as well as PESTLE, Porter, and SWOT analyses. It also includes information on the latest developments and technologies in the global Dried Herbs market.
The report provides detailed information on the global Dried Herbs market, including market shares, supply chain analysis, and key success factors. It also includes the opinions of industry experts from top leading organizations in the global Dried Herbs market.
The report covers the following historical years (2017-2021), base year (2022) and forecast period (2023-2029).
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 kept in alcohol or similar solvent, either dried and pulverized or handled. For hundreds of years, entire herbs have been used in many civilizations because they contain all the elements of the plant. One of the main factors propelling the segment's growth is the fact that modern medicine relies heavily on the usage of entire 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 expand 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 largest growth in recent years is expected in the global sales of organic food goods.
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 most 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 tummies. Additionally, the tea has a strong scent, 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) category 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 timeframe.
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 would have the most revenue market share. Sage, oregano, rosemary, and bay leaves are examples of harder herbs that work well when dried by air. This is probably the most efficient and least expensive way to dry.
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:
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 report provides the statistical market growth data for every influencing economy in the global Dried Herbs market. The various countries like North America, Asia-Pacific, Europe, Latin America, and MEA are considered while preparing report. All the emerging trends with population growth along with government strategies and regulations are covered in the report. The final conclusion part of regional insights consists, of all economies’ in the market influencing data in the form of historical as well as forecasted period.
Key Questions answered in the Dried Herbs Market Report are:
- 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:
- Past Market Size and Competitive Landscape (2017 to 2022)
- Past Pricing and price curve by region (2017 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segments and sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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