Dried Herbs Market Overview:
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Dried Herbs Market Scope:
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 preserved in alcohol or another solvent, either dried and pulverized or handled. For hundreds of years, whole herbs have been used in many cultures because they contain all the constituents of the plant. One of the main factors propelling the segment's growth is the fact that modern medicine relies heavily on the use of whole 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 grow 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 fastest growth in recent years is expected in the global sales of organic food items.
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 largest 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 stomachs. Additionally, the tea has a strong aroma, 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) segment 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 period.
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 will have the largest revenue market share. Sage, oregano, rosemary, and bay leaves are examples of tougher herbs that work well when dried by air. This is probably the most efficient and least expensive way to dry.
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Dried Herbs Market Key Players:
Secondary research is used to identify market Dried Herbsers, while primary and secondary research is used to establish market revenue. Secondary research comprised a review of the Dried Herbsing manufacturers’ annual and financial reports, whilst primary research included thorough interviews with key opinion Dried Herbsers and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are used to calculate percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then validated using primary sources.
The biggest players in the Dried Herbs market are as follows:
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.
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Dried Herbs Market Regional Analysis:
Individual market influencing components and changes in market legislation that affect current and future market trends are also covered in the Dried Herbs market study’s regional overview. Current and future trends are investigated in order to analyze the overall market potential and find profitable patterns in order to get a more firm footing. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on Dried Herbs Market:
End-user industries where Dried Herbs are utilized saw a decline in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a pause in operations. This resulted in a significant drop in the revenues of enterprises in these industries, as well as in demand for Dried Herbs manufacturers, affecting the Dried Herbs market’s growth in 2020. End-user business demand for Dried Herbs has plummeted as a result of lockdowns and an increase in COVID-19 events throughout the world.
Key Questions Answered in the Dried Herbs Market Report are:
- In 2021, which segment accounted for the most share of the Dried Herbs market?
- What is the competitive landscape of the Dried Herbs market?
- What are the key factors influencing Dried Herbs market growth?
- In the Dried Herbs market, which region has the most market share?
- What will be the CAGR of the Dried Herbs market during the forecast period (2022-2027)?
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