Asia Pacific Spice & Herb Extracts Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.89 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia Pacific Spice & Herb Extracts Market Analysis
The Asia-Pacific spice and herb extracts market is anticipated to register a CAGR of 6.89%, over the forecast period, 2020 - 2025.
- The market for spice and herb extracts in this region is thriving due to strong local demand. These extracts are relevant as food preservatives and shelf-life extension ingredients, owing to the tropical climate in most of the countries in the region.
- Many companies, like Dohler, are focusing on natural herb and spice extracts as they are becoming popular in every segment of the food and beverage industry and offer plenty of scope for new and attractive taste creations.
Asia Pacific Spice & Herb Extracts Market Trends
This section covers the major market trends shaping the APAC Spice & Herb Extracts Market according to our research experts:
Rising Demand due to Popularity of Western Cuisine
With western foods becoming increasingly accessible and mainstream, consumers are developing an appetite for new and exciting spices and seasonings. Reasons for this increase in western cuisine include the growing multicultural population and the fact that people are traveling more and more to exotic destinations. As a result, the demand for spices, herbs, and seasonings used in exotic cuisine is also growing. This growing demand for western food in Asia-Pacific had led to significant growth in the Asian region's imports of spices, herbs, and seasonings from developing countries, which, in turn, is boosting the growth of western cuisines in the region.
Growing Demand for Organic Food with Organic Ingredients
The major driving factor of the global spices and seasonings market is the growing middle-class population, increasing awareness among end users regarding health, and increased usage of spices as natural preservatives. Moreover, the rapid increase in demand for healthy and nutrition-rich foods from the health-conscious young population globally has broadened the consumer base of this segment of organic food products.
Asia Pacific Spice & Herb Extracts Industry Overview
The major companies in spices and herbs position their product line through multiple retail channels, convenience stores, and e-commerce channels in the global market as a strategy to directly penetrate the consumer market. Some of the major players in the Asia-Pacific spice and herb extracts market are McCormick & Company Inc., Organic Herb Inc., Nantong Sihai Plant Extracts Co. Ltd, Kalsec Inc., Dohler GmbH, and Langdon Ingredients.
Asia Pacific Spice & Herb Extracts Market Leaders
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McCormick & Company, Inc
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Kerry Group plc
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Nantong Sihai Plant Extracts Co., Ltd.
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Dohler GmbH
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Kalsec Inc.
*Disclaimer: Major Players sorted in no particular order
Asia Pacific Spice & Herb Extracts Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
- 3.1 Market Overview
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Product Type
- 5.1.1 Cinnamon
- 5.1.2 Cumin
- 5.1.3 Chili
- 5.1.4 Coriander
- 5.1.5 Cardamom
- 5.1.6 Oregano
- 5.1.7 Pepper
- 5.1.8 Ginger
- 5.1.9 Other product Types
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5.2 Application
- 5.2.1 Food Applications
- 5.2.2 Beverage Applications
- 5.2.3 Pharmaceuticals
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5.3 Geography
- 5.3.1 China
- 5.3.2 Japan
- 5.3.3 India
- 5.3.4 Australia
- 5.3.5 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 McCormick & Company Inc.
- 6.3.2 Kerry Group plc
- 6.3.3 Nantong Sihai Plant Extracts Co. Ltd
- 6.3.4 Dohler GmbH
- 6.3.5 Langdon Ingredients
- 6.3.6 Organic Herb Inc.
- 6.3.7 Phyto Life Sciences P. Ltd
- 6.3.8 Kalsec Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityAsia Pacific Spice & Herb Extracts Industry Segmentation
The Asia-Pacific spice and herb extracts market is segmented by product type, application, and geography. On the basis of product type, the market is segmented into cinnamon, cumin, chili, coriander, cardamom, oregano, pepper, ginger, other product types. On the basis of application, the market is segmented into food applications, beverage applications, and pharmaceutical applications. On the basis of geography, the report provides an analysis of China, Japan, India, Australia, and Rest of Asia-Pacific.
| Product Type | Cinnamon |
| Cumin | |
| Chili | |
| Coriander | |
| Cardamom | |
| Oregano | |
| Pepper | |
| Ginger | |
| Other product Types | |
| Application | Food Applications |
| Beverage Applications | |
| Pharmaceuticals | |
| Geography | China |
| Japan | |
| India | |
| Australia | |
| Rest of Asia-Pacific |
Asia Pacific Spice & Herb Extracts Market Research FAQs
What is the current Asia-Pacific Spice and Herb Extracts Market size?
The Asia-Pacific Spice and Herb Extracts Market is projected to register a CAGR of 6.89% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Spice and Herb Extracts Market?
McCormick & Company, Inc, Kerry Group plc, Nantong Sihai Plant Extracts Co., Ltd., Dohler GmbH and Kalsec Inc. are the major companies operating in the Asia-Pacific Spice and Herb Extracts Market.
What years does this Asia-Pacific Spice and Herb Extracts Market cover?
The report covers the Asia-Pacific Spice and Herb Extracts Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Spice and Herb Extracts Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia Pacific Spice & Herb Extracts Industry Report
Statistics for the 2024 Asia Pacific Spice & Herb Extracts market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia Pacific Spice & Herb Extracts analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
