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Global Spice & Herb Extracts Market (2021-2026) by Product, Application, Type and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

  • ID: 5503428
  • Report
  • October 2021
  • Region: Global
  • 169 Pages
  • Infogence Global Research
UP TO OFF until Jun 30th 2022

FEATURED COMPANIES

  • Ajinomoto Co. Inc.
  • Dohler GmbH
  • Givaudan
  • Kerry Group Plc
  • Naturex
  • Paprika Oleo’s India Ltd.
The Global Spice & Herb Extracts Market is estimated to be USD 311. 75 Mn in 2021 and is expected to reach USD 439.29 Mn by 2026, growing at a CAGR of 7.1%.



Market Dynamics

Herbal extracts are extracted from herbal seeds, stems and flowers. Spice extracts are sweet and pungent additives from stems, nuts, berries, barks, and vegetables. Extracts of spices and herbs are used in foods & beverages, medicines, as well as to convey flavors, colors and preserve food products. Factors like increasing demand for convenience food and the growing popularity of international cuisine in various countries are drivers for the market. In contrast, inefficient methods for proper storage acts as a restraint to the market.

Rising awareness of the medicinal properties of herbs & spice extracts provides a great opportunity for the growth of the market through lack of infrastructure for production and shipment poses a challenge to it.

Market Segmentation

The Global Spice & Herb Extracts Market is Segmented further based on Product, Application, Type and Geography.

By Product, the market is classified into Basil, Cardamom, Celery, Chilli, Coriander, Cumin, Ginger, Oregano, Pepper, Thyme, Cinnamon, and Other. Amongst all segments, the Cumin segment is expected to grow at the highest CAGR.

By Application, the market is classified into Food Applications, Beverage Applications, and Medicines. Amongst all, the Food Applications segment is expected to contribute the highest growth.

By Type, the market is classified into Essential Oils, Liquid Blends, Spice Seasoning & Blends. Amongst all, the Spice Seasoning & Blends segment is expected to contribute the highest growth.

By Geography, Europe is projected to lead the market.

Recent Developments

1. India’s spice export to China slows down after Galwan row - 28th June 2020
2. Kainos Capital to sell Olde Thompson to Olam Food Ingredients - 28th April 2021

Company Profiles

Some of the companies covered in this report All-Season Herbs, Ajinomoto Co. Inc., Paprika Oleo’s India Ltd., Kalsec Inc., Dohler GmbH, Givaudan, Kerry Group plc., etc.

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Spice & Herb Extracts Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Spice & Herb Extracts Market

What is the estimated value of the Global Spice & Herb Extracts Market?

The Global Spice & Herb Extracts Market was estimated to be valued at $311.8 Million in 2021.

What is the growth rate of the Global Spice & Herb Extracts Market?

The growth rate of the Global Spice & Herb Extracts Market is 7.1%, with an estimated value of $439.3 Million by 2026.

What is the forecasted size of the Global Spice & Herb Extracts Market?

The Global Spice & Herb Extracts Market is estimated to be worth $439.3 Million by 2026.

Who are the key companies in the Global Spice & Herb Extracts Market?

Key companies in the Global Spice & Herb Extracts Market include All, Season Herbs, Ajinomoto Co. Inc., Paprika Oleo’s India Ltd., Kalsec Inc., Dohler GmbH, Givaudan, Kerry Group Plc and Sensient Technologies Corporation.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Ajinomoto Co. Inc.
  • Dohler GmbH
  • Givaudan
  • Kerry Group Plc
  • Naturex
  • Paprika Oleo’s India Ltd.

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 IGR Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Increasing Demand for Convenience Food
4.1.2 The Growing Popularity of International Cuisine in Various Countries
4.2 Restraints
4.2.1 Inefficient Methods for Proper Storage
4.3 Opportunities
4.3.1 The Rising Awareness of Medicinal Properties of Herbs & Spice Extracts
4.4 Challenges
4.4.1 Lack of Infrastructure for Production and Shipment
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Spice & Herb Extracts Market, By Product
6.1 Introduction
6.2 Basil
6.3 Cardamom
6.4 Celery
6.5 Chilli
6.6 Coriander
6.7 Cumin
6.8 Ginger
6.9 Oregano
6.10 Pepper
6.11 Thyme
6.12 Cinnamon
6.13 Other
7 Global Spice & Herb Extracts Market, By Application
7.1 Introduction
7.2 Food Application
7.2.1 Dairy
7.2.2 Meat and Poultry
7.2.3 Dressings, Marinades, Soups and Sauces
7.2.4 Snacks and Convenience Food
7.2.5 Other Food Applications
7.3 Beverage Applications
7.3.1 Tea and Herbal Drinks
7.3.2 Alcoholic Beverages
7.3.3 Soft Drinks
7.4 Medicines
8 Global Spice & Herb Extracts Market, By Type
8.1 Introduction
8.2 Essential Oils
8.3 Liquid Blends
8.4 Spice Seasoning & Blends
9 Global Spice & Herb Extracts Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 South America
9.3.1 Brazil
9.3.2 Argentina
9.3.3 Chile
9.3.4 Colombia
9.4 Europe
9.4.1 UK
9.4.2 France
9.4.3 Germany
9.4.4 Italy
9.4.5 Spain
9.4.6 Netherlands
9.4.7 Sweden
9.4.8 Russia
9.4.9 Rest of Europe
9.5 Asia-Pacific
9.5.1 China
9.5.2 Japan
9.5.3 India
9.5.4 Indonesia
9.5.5 Malaysia
9.5.6 South Korea
9.5.7 Australia
9.5.8 Sri Lanka
9.5.9 Thailand
9.5.10 Rest of APAC
9.6 Middle-East and Africa
9.6.1 Qatar
9.6.2 Saudi Arabia
9.6.3 South Africa
9.6.4 United Arab Emirates
10 Competitive Landscape
10.1 IGR Competitive Quadrant
10.2 Market Share Analysis
10.3 Strategic Initiatives
10.3.1 M&A and Investments
10.3.2 Partnerships and Collaborations
10.3.3 Product Developments and Improvements
11 Company Profiles
11.1 All-Season Herbs
11.2 Ajinomoto Co. Inc.
11.3 Paprika Oleo’s India Ltd.
11.4 Kalsec Inc.
11.5 Dohler GmbH
11.6 Givaudan
11.7 Kerry Group Plc
11.8 International Flavors & Fragrances Inc
11.9 Sensient Technologies Corporation
11.10 Naturex
11.11 SHS Group
11.12 Olam International
11.13 Vdflavours
11.14 Firmenich SA
11.15 Takasago International Corporation
11.16 Symrise
11.17 McCormick & Company
12 Appendix
12.1 Questionnaire
Note: Product cover images may vary from those shown
  • All-Season Herbs
  • Ajinomoto Co. Inc.
  • Paprika Oleo’s India Ltd.
  • Kalsec Inc.
  • Dohler GmbH
  • Givaudan
  • Kerry Group Plc
  • International Flavors & Fragrances Inc
  • Sensient Technologies Corporation
  • Naturex
  • SHS Group
  • Olam International
  • Vdflavours
  • Firmenich SA
  • Takasago International Corporation
  • Symrise
  • McCormick & Company
Note: Product cover images may vary from those shown