Global Perspective: Dried Herbs Market Insights (2023-2029)

Dried Herbs Market is expected to be worth $4.90 billion by 2022. During the forecast period, the market is expected to grow at a CAGR of 6.1%, reaching a value of US$ 7.41 billion by 2029.

 

Dried Herbs Market Overview:

The Dried Herbs Market is a dynamic and ever-evolving sector that plays a crucial role in the global fashion industry. Comprising a diverse range of products such as jewelry, handbags, scarves, hats, and more, Dried Herbs serve as essential elements in enhancing and completing an individual's personal style. The market is driven by shifting consumer preferences, fashion trends, and cultural influences, creating a landscape that is constantly adapting to the latest styles. With the rise of e-commerce and digital platforms, consumers now have easier access to a wide array of Dried Herbs from both established brands and emerging designers. Sustainability and ethical considerations are also becoming increasingly important, influencing purchasing decisions and driving the industry towards more responsible and eco-friendly practices. As the Dried Herbs market continues to expand globally, it remains a vibrant and competitive arena where innovation, creativity, and consumer consciousness converge.

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Dried Herbs Market Scope:                                                                                                                                                              

The Dried Herbs market exhibits a broad and diverse scope, encompassing an extensive array of products that contribute to individual style and self-expression. This dynamic market includes but is not limited to items such as jewelry, handbags, scarves, hats, and eyewear, catering to a wide-ranging consumer base with varied tastes and preferences. Geographically, the scope of the Dried Herbs market extends globally, transcending cultural boundaries and reflecting a convergence of trends from different regions. The advent of digital platforms and e-commerce has further broadened the market's reach, providing consumers with convenient access to a vast array of options from both established and emerging designers. Additionally, the market scope is evolving in response to a growing emphasis on sustainability and ethical practices, with consumers increasingly seeking eco-friendly and responsibly produced accessories. In essence, the Dried Herbs market's scope is expansive, reflecting the ever-changing landscape of fashion and consumer demand for innovative, inclusive, and conscious choices.

Dried Herbs Market Segmentation: 
 
The market is divided into two segments based on form: whole herbs and powdered herbs. By 2029, the Whole Herbs category is anticipated to account for 62.5% of the market in terms of revenue. The entire herb is kept in alcohol or similar solvent, either dried and pulverized or handled. For hundreds of years, entire herbs have been used in many civilizations because they contain all the elements of the plant. One of the main factors propelling the segment's growth is the fact that modern medicine relies heavily on the usage of entire herbs.
 
The market is divided into Organic and Conventional segments by nature. By 2029, organic is predicted to account for 72% of the market in terms of revenue. Organic herbs could expand at the fastest rate due to the rising demand for organic products. 7.5% of Europe's total agricultural land is used for organic farming, according to Eurostat. The whole organic sector in Europe keeps expanding. In 2018, there were roughly 13.4 million hectares of organic land. Furthermore, according to The World Counts, the largest growth in recent years is expected in the global sales of organic food goods.
 
The market is divided into Oregano, Rosemary, Sage, Savoury, Mint, Thyme, and Bay Leaves segments based on Product Type. By 2029, the Bay Leaves segment is anticipated to have the most revenue market share. Vitamin A, vitamin B6, and vitamin C are abundant in bay leaf. A strong immune system is known to be supported and maintained by each of these vitamins. Tea made with bay leaves helps soothe upset tummies. Additionally, the tea has a strong scent, which helps relieve stuffy noses and sinus congestion.
 
The market is divided into two segments based on End-User: Business to Business (B2B) and Business to Customers (B2C). By 2029, it is anticipated that the Business to Business (B2B) category will have the largest revenue market share. The industries in this segment—baked goods, snacks, beverages, pharmaceuticals, seasoning and sauces, cosmetics, and personal care—will propel the dried herbs market as a whole during the projected timeframe.

The market is divided into three segments based on drying methods: air drying, vacuum drying, and microwave drying. By 2029, it is anticipated that the Air Drying category would have the most revenue market share. Sage, oregano, rosemary, and bay leaves are examples of harder herbs that work well when dried by air. This is probably the most efficient and least expensive way to dry.
 
1. Dried Herbs Market Size, by Nature (2022-2029)
• Organic
• Conventional
2. Dried Herbs Market Size, by Form (2022-2029)
• Whole Herbs
• Powdered Herbs
3. Dried Herbs Market Size, by Product Type (2022-2029)
• Oregano
• Rosemary
• Sage
• Savoury
• Mint
• Thyme
• Bay Leaves
Dried Herbs Market Size, by End-User (2022-2029)
• Business to Business (B2B)
• Business to Customers (B2C)
5. Dried Herbs Market Size, by Drying Method (2022-2029)
• Air Drying
• Vacuum Drying
• Microwave Drying
 
Dried Herbs Market Key Players: The key players are

1. The Kraft Heinz Company
2. McCormick Company, Inc.
3. Robertet SA
4. Firmenich S A
5. Döhler GmbH
6. Pacific Botanicals
7. Mountain Rose Herbs
8. Van Drunen Farms
9. British Pepper Spice company
10. Takasago International corporation
11. Archer Daniels Midland Company
12. Synthite Industries Ltd
13. International Taste Solutions Ltd
14. Cherry Valley Organics
15. Catz International B.V.

 

 

Regional Analysis:

The Dried Herbs market prediction research is created after a thorough examination of many geographical areas, including Asia-Pacific, Europe, North America, and the rest of the globe. North America has the greatest power over the Dried Herbs market share and will continue to be a major shareholder in the global Dried Herbs market.

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COVID-19 Impact Analysis on Dried Herbs Market: The COVID-19 impact on the Dried Herbs market is also included in the report

Key Questions Answered in the Dried Herbs Market Report are:

  • What will be the CAGR of the Dried Herbs market during the forecast period?
  • Which segment emerged as the leading segment in the Dried Herbs market?
  • Which are the prominent players in the Dried Herbs market?

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