MarketResearch.biz, in its upcoming report titled, “Global Spice and Herbs Extracts Market Trends, Applications, Analysis, Growth, and Forecast to 2027”, offers in-depth insights, revenue details, and other vital information regarding the global spice and herbs extracts market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report also offers insightful and detailed information regarding the various key players operating in the global spice and herbs extracts market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global spice and herbs extracts market is segmented on basis of type, product type, application, and region.
Herbal extracts are obtained from leaves, stems, and flowers of herbs. Spice extracts are aromatic and pungent ingredients obtained from seeds, fruits, roots, barks, and vegetables. The process includes extracting a part of raw materials by using solvent such as water or ethanol. Extracts can be in tincture or powder forms. Spice and herbs extracts are used in foods, beverages, medicines, and also for imparting flavors, colors, and to preserve food products.
Major factors driving growth of the global spice and herbs extracts market include increasing demand for convenience food and increasing availability and growing popularity of international cuisines in various countries. In addition, rising awareness about medicinal properties of herbs and spice extracts coupled with their usage in innovative food recipes are further driving growth of the global spice and herbs extracts market. Furthermore, due to globalization and increasing tourism activities, demand for ethnic food has been increasing, which is in turn boosting demand for spice and herbs extracts in various regions, and this trend is expected to continue during the forecast period.
Inefficient processing techniques, and lack of essential infrastructure are major restraining factors for growth of the global market. In addition, adulteration of spices and herbs extracts, availability of substitutes by local market players, and unfavorable climatic conditions in some regions are expected to challenge growth of the global market. However, rising demand for variations in flavored food products is expected to create new and promising opportunities for major players in the global market.
North America market accounts for largest revenue share owing to rising trend of preference for convenience foods and growing popularity of street food culture, followed by Europe. The market in Asia Pacific is expected to witness highest revenue growth during the forecast period owing to suitable climatic conditions to cultivate spice and herbs, high consumption by locals, and presence of major suppliers from countries such as India, China etc.
Global Spices and Herbs Extracts Market Segmentation:
Segmentation on basis of type:
Segmentation on basis of product type:
Segmentation on basis of application:
Segmentation on basis of region:
Middle East & Africa
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Synthite Industries Ltd.
Organic Herb Inc.
Plant Extracts International Inc.
Lehmann & Voss & Co. KG