DRIED HERBS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The global dried herbs market is estimated to be valued at USD 3.81 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031. The global dried herbs market has been witnessing significant growth in the past few years. Dried herbs are those herbs or spices that are dehydrated to preserve their flavor, texture, and nutrients. They are widely used across various food applications such as soups, sauces, snacks, and ready-to-eat meals. The benefits of dried herbs such as longer shelf life and convenience in transportation and storage have increased their demand globally, thereby driving the market growth. Moreover, the rising awareness about the nutritional value and medicinal properties of dried herbs among consumers is further augmenting the adoption of dried herbs in various culinary dishes and health supplements.

 Market Dynamics:

The global dried herbs market is expected to witness steady growth attributed to factors such as increasing health consciousness among consumers, surging demand for convenience foods, and growing preference for organic and natural food ingredients. However, the market growth is likely to be restricted by volatile supply and pricing of dried herbs along with narrow margins and highly fragmented supplier market. On the flip side, the growing popularity of exotic herbs and innovations in dried herb products are expected to pave new opportunities in the coming years.

 Key Features of the Study:

• This report provides an in-depth analysis of the global dried herbs market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global dried herbs market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include 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, Kräuter 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
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global dried herbs market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global dried herbs market

Detailed Segmentation-

• By Product Type:
• • Oregano
  • Rosemary
  • Sage
  • Savory
  • Mint
  • Thyme
  • Bay Leaves
  • Others
• By Nature:
• • Organic
  • Conventional
• By Application:
• • Food and Beverage
  • Pharmaceuticals
  • Cosmetics and Personal Care
  • Others
• By Distribution Channel:
• • B2B
  • B2C
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • 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
  • Kräuter 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
  • Saipro Biotech Private Limited