June 18, 2024
Dried Herbs Market

The Dried Herbs Market is Estimated to Witness High Growth Owing to Rising Culinary Applications

The dried herbs market is an integral part of the food and beverage industry owing to the versatile nature and wide applications of dried herbs. Dried herbs are prepared by removing moisture from fresh herbs to preserve their flavor, color, and nutritional profile for future use. Dried herbs find widespread applications in culinary preparations as seasoning agents for imparting distinct flavors to food. They are also used in herbal teas, dietary supplements, personal care products, and aromatherapy due to their perfumery and therapeutic properties. The growing popularity of international cuisines and rising preference for ready-to-cook meals have significantly boosted dried herbs demand in recent years.

The Global dried herbs market is estimated to be valued at US$ 5.65 Bn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period from 2024 to 2031.

Key Takeaways

Key players operating in the dried herbs are Mevive International, All-Season Herbs Pvt. Ltd., British Pepper & Spice Company, McCormick and Company, Inc., DF World of Spices GmbH, Koninklijke Euroma BV, Paulig Group, Olam International, Kr&aum;uter Mix GmbH, RAMÓN SABATER S.A.U., Naturalin, Husarich GmbH, Royal Spices, Elite Spice, U.S. Spice Mills Inc., Verstegen Spices & Sauces B.V., Aum Agri Freeze Foods, Aadhunik Ayurveda, Flex Foods, and Saipro Biotech Private Limited. The key players are focusing on leveraging opportunities posed by growing demand for processed and convenience food items in developing countries.

The rising adoption of vegan and flexitarian diets provides significant opportunities for Dried Herbs Market Trends manufacturers. As consumers are gravitating towards plant-based foods, dried herbs that impart savory flavors will gain importance as an indispensable ingredient. Additionally, the increasing use of dried herbs as functional food ingredients for perceived health benefits will further support market gains.

Globally, the dried herbs market continues to grow driven by rising consumption in developing Asian, African, and Latin American countries. Manufacturers are expanding their distribution networks in emerging markets to tap increasing demand from price-sensitive consumers in these regions. Innovative packaging solutions and availability of product variants through e-commerce platforms will aid market access in rural areas.

Market Drivers

The key driver for the dried herbs market growth is the increasing demand from the food processing industry. Dried herbs are widely used as natural flavoring and preservative agents in packaged food products. With rising health consciousness and clean label trends, dried herbs demand is expected to see further impetus as a healthy and minimally processed ingredients. Rapid urbanization, hectic lifestyles, and growing demand for convenience food will also support dried herbs consumption from food manufacturers over the forecast period.

PEST Analysis

Political: Dried herb industry is regulated by various food safety acts and standards set by regulatory bodies like FDA. Any changes in these regulations can impact the market.

Economic: Rising disposable incomes and growing health consciousness is driving the demand for dried herbs globally. However, economic slowdowns can negatively impact the market.

Social: Changing lifestyles and preferences towards organic and natural products is increasing the adoption of dried herbs in food recipes. Rising health trends also boost the demand.

Technological: Advanced drying and processing methods help producers offer herbs in different formats and packaging which attracts newer customers. Automation in production cuts down costs.

North America dominates the global market in terms of value, with the US being the major consumer. Europe is also a significant regional market supported by high health awareness.

The Asia Pacific market is projected to be the fastest growing regional market during the forecast period. Rising working populations and increased demand for convenience foods are fueling market growth in countries like India and China. Growing promotional activities by key players also support market expansion.

1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it