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Medicinal Spices-Global Market Insights and Sales Trends 2024
Synopsis
A spice is a seed, fruit, root, bark, or other plant substance primarily used for flavoring, coloring or preserving food. Spices are distinguished from herbs, which are the leaves, flowers, or stems of plants used for flavoring or as a garnish. Many spices have antimicrobial properties. Spices are sometimes used in medicine.
The global Medicinal Spices market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Medicinal Spices in various end use industries. The expanding demands from the Anti-Flatulent, Anti-Emetic, Antioxidant and Anti-Microbial, are propelling Medicinal Spices market. Turmeric, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Chili segment is estimated at % CAGR for the next seven-year period.
The global pharmaceutical market is 1475 billion USD in 2022, growing at a CAGR of 5% during the next six years. The pharmaceutical market includes chemical drugs and biological drugs. For biologics is expected to 381 billion USD in 2022. In comparison, the chemical drug market is estimated to increase from 1005 billion in 2018 to 1094 billion U.S. dollars in 2022. The pharmaceutical market factors such as increasing demand for healthcare, technological advancements, and the rising prevalence of chronic diseases, increase in funding from private & government organizations for development of pharmaceutical manufacturing segments and rise in R&D activities for drugs. However, the industry also faces challenges such as stringent regulations, high costs of research and development, and patent expirations. Companies need to continuously innovate and adapt to these challenges to stay competitive in the market and ensure their products reach patients in need. Additionally, the COVID-19 pandemic has highlighted the importance of vaccine development and supply chain management, further emphasizing the need for pharmaceutical companies to be agile and responsive to emerging public health needs.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Source, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Medicinal Spices, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Medicinal Spices market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Medicinal Spices market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Medicinal Spices sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Medicinal Spices covered in this report include Able Agro, SOAP, Frontier Co-Op, Sun Impex, Earthen Delight, Yogi Botanicals and Live Organics, etc.
The global Medicinal Spices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Able Agro
SOAP
Frontier Co-Op
Sun Impex
Earthen Delight
Yogi Botanicals
Live Organics
Global Medicinal Spices market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Medicinal Spices market, Segment by Source:
Turmeric
Chili
Pepper
Cumin
Garlic
Ginger
Clove
Cinnamon
Nutmeg
Global Medicinal Spices market, by Application
Anti-Flatulent
Anti-Emetic
Antioxidant
Anti-Microbial
Anti-Bacterial
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Source, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Medicinal Spices manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Medicinal Spices in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
A spice is a seed, fruit, root, bark, or other plant substance primarily used for flavoring, coloring or preserving food. Spices are distinguished from herbs, which are the leaves, flowers, or stems of plants used for flavoring or as a garnish. Many spices have antimicrobial properties. Spices are sometimes used in medicine.
The global Medicinal Spices market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Medicinal Spices in various end use industries. The expanding demands from the Anti-Flatulent, Anti-Emetic, Antioxidant and Anti-Microbial, are propelling Medicinal Spices market. Turmeric, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Chili segment is estimated at % CAGR for the next seven-year period.
The global pharmaceutical market is 1475 billion USD in 2022, growing at a CAGR of 5% during the next six years. The pharmaceutical market includes chemical drugs and biological drugs. For biologics is expected to 381 billion USD in 2022. In comparison, the chemical drug market is estimated to increase from 1005 billion in 2018 to 1094 billion U.S. dollars in 2022. The pharmaceutical market factors such as increasing demand for healthcare, technological advancements, and the rising prevalence of chronic diseases, increase in funding from private & government organizations for development of pharmaceutical manufacturing segments and rise in R&D activities for drugs. However, the industry also faces challenges such as stringent regulations, high costs of research and development, and patent expirations. Companies need to continuously innovate and adapt to these challenges to stay competitive in the market and ensure their products reach patients in need. Additionally, the COVID-19 pandemic has highlighted the importance of vaccine development and supply chain management, further emphasizing the need for pharmaceutical companies to be agile and responsive to emerging public health needs.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Source, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Medicinal Spices, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Medicinal Spices market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Medicinal Spices market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Medicinal Spices sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Medicinal Spices covered in this report include Able Agro, SOAP, Frontier Co-Op, Sun Impex, Earthen Delight, Yogi Botanicals and Live Organics, etc.
The global Medicinal Spices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Able Agro
SOAP
Frontier Co-Op
Sun Impex
Earthen Delight
Yogi Botanicals
Live Organics
Global Medicinal Spices market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Medicinal Spices market, Segment by Source:
Turmeric
Chili
Pepper
Cumin
Garlic
Ginger
Clove
Cinnamon
Nutmeg
Global Medicinal Spices market, by Application
Anti-Flatulent
Anti-Emetic
Antioxidant
Anti-Microbial
Anti-Bacterial
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Source, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Medicinal Spices manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Medicinal Spices in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Medicinal Spices Market Overview
1.1 Medicinal Spices Product Overview
1.2 Medicinal Spices Market Segment by Source
1.2.1 Turmeric
1.2.2 Chili
1.2.3 Pepper
1.2.4 Cumin
1.2.5 Garlic
1.2.6 Ginger
1.2.7 Clove
1.2.8 Cinnamon
1.2.9 Nutmeg
1.3 Global Medicinal Spices Market Size by Source
1.3.1 Global Medicinal Spices Market Size Overview by Source (2018-2029)
1.3.2 Global Medicinal Spices Historic Market Size Review by Source (2018-2023)
1.3.3 Global Medicinal Spices Forecasted Market Size by Source (2024-2029)
1.4 Key Regions Market Size Segment by Source
1.4.1 North America Medicinal Spices Sales Breakdown by Source (2018-2023)
1.4.2 Europe Medicinal Spices Sales Breakdown by Source (2018-2023)
1.4.3 Asia-Pacific Medicinal Spices Sales Breakdown by Source (2018-2023)
1.4.4 Latin America Medicinal Spices Sales Breakdown by Source (2018-2023)
1.4.5 Middle East and Africa Medicinal Spices Sales Breakdown by Source (2018-2023)
2 Global Medicinal Spices Market Competition by Company
2.1 Global Top Players by Medicinal Spices Sales (2018-2023)
2.2 Global Top Players by Medicinal Spices Revenue (2018-2023)
2.3 Global Top Players by Medicinal Spices Price (2018-2023)
2.4 Global Top Manufacturers Medicinal Spices Manufacturing Base Distribution, Sales Area, Product Type
2.5 Medicinal Spices Market Competitive Situation and Trends
2.5.1 Medicinal Spices Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Medicinal Spices Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Medicinal Spices as of 2022)
2.7 Date of Key Manufacturers Enter into Medicinal Spices Market
2.8 Key Manufacturers Medicinal Spices Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Medicinal Spices Status and Outlook by Region
3.1 Global Medicinal Spices Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Medicinal Spices Historic Market Size by Region
3.2.1 Global Medicinal Spices Sales in Volume by Region (2018-2023)
3.2.2 Global Medicinal Spices Sales in Value by Region (2018-2023)
3.2.3 Global Medicinal Spices Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Medicinal Spices Forecasted Market Size by Region
3.3.1 Global Medicinal Spices Sales in Volume by Region (2024-2029)
3.3.2 Global Medicinal Spices Sales in Value by Region (2024-2029)
3.3.3 Global Medicinal Spices Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Medicinal Spices by Application
4.1 Medicinal Spices Market Segment by Application
4.1.1 Anti-Flatulent
4.1.2 Anti-Emetic
4.1.3 Antioxidant
4.1.4 Anti-Microbial
4.1.5 Anti-Bacterial
4.1.6 Others
4.2 Global Medicinal Spices Market Size by Application
4.2.1 Global Medicinal Spices Market Size Overview by Application (2018-2029)
4.2.2 Global Medicinal Spices Historic Market Size Review by Application (2018-2023)
4.2.3 Global Medicinal Spices Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Medicinal Spices Sales Breakdown by Application (2018-2023)
4.3.2 Europe Medicinal Spices Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Medicinal Spices Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Medicinal Spices Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Medicinal Spices Sales Breakdown by Application (2018-2023)
5 North America Medicinal Spices by Country
5.1 North America Medicinal Spices Historic Market Size by Country
5.1.1 North America Medicinal Spices Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Medicinal Spices Sales in Volume by Country (2018-2023)
5.1.3 North America Medicinal Spices Sales in Value by Country (2018-2023)
5.2 North America Medicinal Spices Forecasted Market Size by Country
5.2.1 North America Medicinal Spices Sales in Volume by Country (2024-2029)
5.2.2 North America Medicinal Spices Sales in Value by Country (2024-2029)
6 Europe Medicinal Spices by Country
6.1 Europe Medicinal Spices Historic Market Size by Country
6.1.1 Europe Medicinal Spices Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Medicinal Spices Sales in Volume by Country (2018-2023)
6.1.3 Europe Medicinal Spices Sales in Value by Country (2018-2023)
6.2 Europe Medicinal Spices Forecasted Market Size by Country
6.2.1 Europe Medicinal Spices Sales in Volume by Country (2024-2029)
6.2.2 Europe Medicinal Spices Sales in Value by Country (2024-2029)
7 Asia-Pacific Medicinal Spices by Region
7.1 Asia-Pacific Medicinal Spices Historic Market Size by Region
7.1.1 Asia-Pacific Medicinal Spices Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Medicinal Spices Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Medicinal Spices Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Medicinal Spices Forecasted Market Size by Region
7.2.1 Asia-Pacific Medicinal Spices Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Medicinal Spices Sales in Value by Region (2024-2029)
8 Latin America Medicinal Spices by Country
8.1 Latin America Medicinal Spices Historic Market Size by Country
8.1.1 Latin America Medicinal Spices Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Medicinal Spices Sales in Volume by Country (2018-2023)
8.1.3 Latin America Medicinal Spices Sales in Value by Country (2018-2023)
8.2 Latin America Medicinal Spices Forecasted Market Size by Country
8.2.1 Latin America Medicinal Spices Sales in Volume by Country (2024-2029)
8.2.2 Latin America Medicinal Spices Sales in Value by Country (2024-2029)
9 Middle East and Africa Medicinal Spices by Country
9.1 Middle East and Africa Medicinal Spices Historic Market Size by Country
9.1.1 Middle East and Africa Medicinal Spices Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Medicinal Spices Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Medicinal Spices Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Medicinal Spices Forecasted Market Size by Country
9.2.1 Middle East and Africa Medicinal Spices Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Medicinal Spices Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Able Agro
10.1.1 Able Agro Company Information
10.1.2 Able Agro Introduction and Business Overview
10.1.3 Able Agro Medicinal Spices Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Able Agro Medicinal Spices Products Offered
10.1.5 Able Agro Recent Development
10.2 SOAP
10.2.1 SOAP Company Information
10.2.2 SOAP Introduction and Business Overview
10.2.3 SOAP Medicinal Spices Sales, Revenue and Gross Margin (2018-2023)
10.2.4 SOAP Medicinal Spices Products Offered
10.2.5 SOAP Recent Development
10.3 Frontier Co-Op
10.3.1 Frontier Co-Op Company Information
10.3.2 Frontier Co-Op Introduction and Business Overview
10.3.3 Frontier Co-Op Medicinal Spices Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Frontier Co-Op Medicinal Spices Products Offered
10.3.5 Frontier Co-Op Recent Development
10.4 Sun Impex
10.4.1 Sun Impex Company Information
10.4.2 Sun Impex Introduction and Business Overview
10.4.3 Sun Impex Medicinal Spices Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Sun Impex Medicinal Spices Products Offered
10.4.5 Sun Impex Recent Development
10.5 Earthen Delight
10.5.1 Earthen Delight Company Information
10.5.2 Earthen Delight Introduction and Business Overview
10.5.3 Earthen Delight Medicinal Spices Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Earthen Delight Medicinal Spices Products Offered
10.5.5 Earthen Delight Recent Development
10.6 Yogi Botanicals
10.6.1 Yogi Botanicals Company Information
10.6.2 Yogi Botanicals Introduction and Business Overview
10.6.3 Yogi Botanicals Medicinal Spices Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Yogi Botanicals Medicinal Spices Products Offered
10.6.5 Yogi Botanicals Recent Development
10.7 Live Organics
10.7.1 Live Organics Company Information
10.7.2 Live Organics Introduction and Business Overview
10.7.3 Live Organics Medicinal Spices Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Live Organics Medicinal Spices Products Offered
10.7.5 Live Organics Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Medicinal Spices Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Medicinal Spices Industrial Chain Analysis
11.4 Medicinal Spices Market Dynamics
11.4.1 Medicinal Spices Industry Trends
11.4.2 Medicinal Spices Market Drivers
11.4.3 Medicinal Spices Market Challenges
11.4.4 Medicinal Spices Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Medicinal Spices Distributors
12.3 Medicinal Spices Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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