The global organic spice market is expected to showcase considerable development by 2027 owing to growing consumer awareness regarding the health benefits of natural spices.
Organic spices offer a plethora of health benefits as they are produced with the help of compost or manure, and thus, contain fewer or no pesticides. These spices are abundant in essential nutrients that boost immunity, reduce inflammation, control blood sugar, and improve metabolic health.
According to a 2021 study published in Predictive and Preventive Measures for COVID-19 Pandemic, people are actively shifting towards organic and nutrient-rich food to enhance their immunity amidst the COVID-19 pandemic. As a result, increasing awareness among consumers has accelerated the demand for organic spices, thereby augmenting industry growth.
For comprehensive assessment, the global organic spice market has been segmented based on application, product, and region. From the product perspective, the market has further been divided into nutmeg & mace, chili, coriander/cilantro, ginger, garlic, turmeric, and others.
The ginger sub-segment is slated to be valued at around USD 16.8 billion by the end of 2027. The coriander/cilantro sub-segment is projected to reach a valuation of about USD 2.7 billion by 2027, progressing at a CAGR of more than 7.4% over the forecast period. The nutmeg & mace sub-segment is anticipated to exceed USD 4.4 billion valuation by the end of the review timeline. The others sub-segment is speculated to amass sizable gains by 2027, expanding at almost 8.3% CAGR through the analysis period.
With respect to application, the global organic spice market has been categorized into ready to eat meals, culinary, soups & noodles, meat & poultry products, snacks & convenience foods, sauces & dips, and others.
The meat & poultry products sub-segment is expected to witness robust growth by 2027, registering approximately 8.8% CAGR through the estimated timeframe. The sauces & dips sub-segment is poised to attain more than USD 6.3 billion in revenue by the end of 2027. The soups & noodles sub-segment is foreseen to achieve a significant valuation by 2027, developing at a CAGR of about 8.7% through the assessment period. The others sub-segment is set to be valued at above USD 3.6 billion by the end of 2027.
From the regional point of view, the Latin America organic spice market is estimated to garner revenue of over USD 1.8 billion by the end of 2027. The Middle East & Africa organic spice market is likely to be worth around USD 2.4 billion by 2027, expanding at a CAGR of above 7.8% through the study timeline.