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Spice and Herbs Extracts-Global Market Insights and Sales Trends 2025
Synopsis
The market for spice and herb extracts consists of celery, cumin, chili, coriander, cardamom, oregano, pepper, basil, ginger, thyme and other types of herb extracts. They are available in both, tincture and powdered form, and are in high demand for their flavoring, seasoning and aromatic attributes. The spice and herb extract market has a good trade potential, especially for small-scale farmers in regions like Asia-Pacific, where climatic conditions are favorable, and there is a significant local demand for spice and herb extracts. A large proportion of extracts traded in both, local and export markets, are produced by small-scale farmers.
The global Spice and Herbs Extracts 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 Spice and Herbs Extracts in various end use industries. The expanding demands from the Food Applications and Beverages Applications, are propelling Spice and Herbs Extracts market. Essential Oils, 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 Spice Seasonings And Blends 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 Type, 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 Spice and Herbs Extracts, 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 Spice and Herbs Extracts 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 Spice and Herbs Extracts market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Spice and Herbs Extracts 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 Spice and Herbs Extracts covered in this report include Doehler, Universal Oleoresin, McCormick and Company, Sensient Technologies, Kerry Group, Ajinomoto, SHS group, Akay and Paprika Oleo’s, etc.
The global Spice and Herbs Extracts market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Doehler
Universal Oleoresin
McCormick and Company
Sensient Technologies
Kerry Group
Ajinomoto
SHS group
Akay
Paprika Oleo’s
VD Flavours
Global Spice and Herbs Extracts 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 Spice and Herbs Extracts market, Segment by Type:
Essential Oils
Spice Seasonings And Blends
Liquid Blends
Others
Global Spice and Herbs Extracts market, by Application
Food Applications
Beverages Applications
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Spice and Herbs Extracts manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Spice and Herbs Extracts 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.
The market for spice and herb extracts consists of celery, cumin, chili, coriander, cardamom, oregano, pepper, basil, ginger, thyme and other types of herb extracts. They are available in both, tincture and powdered form, and are in high demand for their flavoring, seasoning and aromatic attributes. The spice and herb extract market has a good trade potential, especially for small-scale farmers in regions like Asia-Pacific, where climatic conditions are favorable, and there is a significant local demand for spice and herb extracts. A large proportion of extracts traded in both, local and export markets, are produced by small-scale farmers.
The global Spice and Herbs Extracts 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 Spice and Herbs Extracts in various end use industries. The expanding demands from the Food Applications and Beverages Applications, are propelling Spice and Herbs Extracts market. Essential Oils, 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 Spice Seasonings And Blends 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 Type, 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 Spice and Herbs Extracts, 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 Spice and Herbs Extracts 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 Spice and Herbs Extracts market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Spice and Herbs Extracts 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 Spice and Herbs Extracts covered in this report include Doehler, Universal Oleoresin, McCormick and Company, Sensient Technologies, Kerry Group, Ajinomoto, SHS group, Akay and Paprika Oleo’s, etc.
The global Spice and Herbs Extracts market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Doehler
Universal Oleoresin
McCormick and Company
Sensient Technologies
Kerry Group
Ajinomoto
SHS group
Akay
Paprika Oleo’s
VD Flavours
Global Spice and Herbs Extracts 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 Spice and Herbs Extracts market, Segment by Type:
Essential Oils
Spice Seasonings And Blends
Liquid Blends
Others
Global Spice and Herbs Extracts market, by Application
Food Applications
Beverages Applications
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Spice and Herbs Extracts manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Spice and Herbs Extracts 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 Spice and Herbs Extracts Market Overview
1.1 Spice and Herbs Extracts Product Overview
1.2 Spice and Herbs Extracts Market Segment by Type
1.2.1 Essential Oils
1.2.2 Spice Seasonings And Blends
1.2.3 Liquid Blends
1.2.4 Others
1.3 Global Spice and Herbs Extracts Market Size by Type
1.3.1 Global Spice and Herbs Extracts Market Size Overview by Type (2018-2029)
1.3.2 Global Spice and Herbs Extracts Historic Market Size Review by Type (2018-2023)
1.3.3 Global Spice and Herbs Extracts Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Spice and Herbs Extracts Sales Breakdown by Type (2018-2023)
1.4.2 Europe Spice and Herbs Extracts Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Spice and Herbs Extracts Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Spice and Herbs Extracts Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Spice and Herbs Extracts Sales Breakdown by Type (2018-2023)
2 Global Spice and Herbs Extracts Market Competition by Company
2.1 Global Top Players by Spice and Herbs Extracts Sales (2018-2023)
2.2 Global Top Players by Spice and Herbs Extracts Revenue (2018-2023)
2.3 Global Top Players by Spice and Herbs Extracts Price (2018-2023)
2.4 Global Top Manufacturers Spice and Herbs Extracts Manufacturing Base Distribution, Sales Area, Product Type
2.5 Spice and Herbs Extracts Market Competitive Situation and Trends
2.5.1 Spice and Herbs Extracts Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Spice and Herbs Extracts 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 Spice and Herbs Extracts as of 2022)
2.7 Date of Key Manufacturers Enter into Spice and Herbs Extracts Market
2.8 Key Manufacturers Spice and Herbs Extracts Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Spice and Herbs Extracts Status and Outlook by Region
3.1 Global Spice and Herbs Extracts Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Spice and Herbs Extracts Historic Market Size by Region
3.2.1 Global Spice and Herbs Extracts Sales in Volume by Region (2018-2023)
3.2.2 Global Spice and Herbs Extracts Sales in Value by Region (2018-2023)
3.2.3 Global Spice and Herbs Extracts Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Spice and Herbs Extracts Forecasted Market Size by Region
3.3.1 Global Spice and Herbs Extracts Sales in Volume by Region (2024-2029)
3.3.2 Global Spice and Herbs Extracts Sales in Value by Region (2024-2029)
3.3.3 Global Spice and Herbs Extracts Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Spice and Herbs Extracts by Application
4.1 Spice and Herbs Extracts Market Segment by Application
4.1.1 Food Applications
4.1.2 Beverages Applications
4.2 Global Spice and Herbs Extracts Market Size by Application
4.2.1 Global Spice and Herbs Extracts Market Size Overview by Application (2018-2029)
4.2.2 Global Spice and Herbs Extracts Historic Market Size Review by Application (2018-2023)
4.2.3 Global Spice and Herbs Extracts Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Spice and Herbs Extracts Sales Breakdown by Application (2018-2023)
4.3.2 Europe Spice and Herbs Extracts Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Spice and Herbs Extracts Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Spice and Herbs Extracts Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Spice and Herbs Extracts Sales Breakdown by Application (2018-2023)
5 North America Spice and Herbs Extracts by Country
5.1 North America Spice and Herbs Extracts Historic Market Size by Country
5.1.1 North America Spice and Herbs Extracts Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Spice and Herbs Extracts Sales in Volume by Country (2018-2023)
5.1.3 North America Spice and Herbs Extracts Sales in Value by Country (2018-2023)
5.2 North America Spice and Herbs Extracts Forecasted Market Size by Country
5.2.1 North America Spice and Herbs Extracts Sales in Volume by Country (2024-2029)
5.2.2 North America Spice and Herbs Extracts Sales in Value by Country (2024-2029)
6 Europe Spice and Herbs Extracts by Country
6.1 Europe Spice and Herbs Extracts Historic Market Size by Country
6.1.1 Europe Spice and Herbs Extracts Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Spice and Herbs Extracts Sales in Volume by Country (2018-2023)
6.1.3 Europe Spice and Herbs Extracts Sales in Value by Country (2018-2023)
6.2 Europe Spice and Herbs Extracts Forecasted Market Size by Country
6.2.1 Europe Spice and Herbs Extracts Sales in Volume by Country (2024-2029)
6.2.2 Europe Spice and Herbs Extracts Sales in Value by Country (2024-2029)
7 Asia-Pacific Spice and Herbs Extracts by Region
7.1 Asia-Pacific Spice and Herbs Extracts Historic Market Size by Region
7.1.1 Asia-Pacific Spice and Herbs Extracts Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Spice and Herbs Extracts Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Spice and Herbs Extracts Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Spice and Herbs Extracts Forecasted Market Size by Region
7.2.1 Asia-Pacific Spice and Herbs Extracts Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Spice and Herbs Extracts Sales in Value by Region (2024-2029)
8 Latin America Spice and Herbs Extracts by Country
8.1 Latin America Spice and Herbs Extracts Historic Market Size by Country
8.1.1 Latin America Spice and Herbs Extracts Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Spice and Herbs Extracts Sales in Volume by Country (2018-2023)
8.1.3 Latin America Spice and Herbs Extracts Sales in Value by Country (2018-2023)
8.2 Latin America Spice and Herbs Extracts Forecasted Market Size by Country
8.2.1 Latin America Spice and Herbs Extracts Sales in Volume by Country (2024-2029)
8.2.2 Latin America Spice and Herbs Extracts Sales in Value by Country (2024-2029)
9 Middle East and Africa Spice and Herbs Extracts by Country
9.1 Middle East and Africa Spice and Herbs Extracts Historic Market Size by Country
9.1.1 Middle East and Africa Spice and Herbs Extracts Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Spice and Herbs Extracts Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Spice and Herbs Extracts Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Spice and Herbs Extracts Forecasted Market Size by Country
9.2.1 Middle East and Africa Spice and Herbs Extracts Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Spice and Herbs Extracts Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Doehler
10.1.1 Doehler Company Information
10.1.2 Doehler Introduction and Business Overview
10.1.3 Doehler Spice and Herbs Extracts Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Doehler Spice and Herbs Extracts Products Offered
10.1.5 Doehler Recent Development
10.2 Universal Oleoresin
10.2.1 Universal Oleoresin Company Information
10.2.2 Universal Oleoresin Introduction and Business Overview
10.2.3 Universal Oleoresin Spice and Herbs Extracts Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Universal Oleoresin Spice and Herbs Extracts Products Offered
10.2.5 Universal Oleoresin Recent Development
10.3 McCormick and Company
10.3.1 McCormick and Company Company Information
10.3.2 McCormick and Company Introduction and Business Overview
10.3.3 McCormick and Company Spice and Herbs Extracts Sales, Revenue and Gross Margin (2018-2023)
10.3.4 McCormick and Company Spice and Herbs Extracts Products Offered
10.3.5 McCormick and Company Recent Development
10.4 Sensient Technologies
10.4.1 Sensient Technologies Company Information
10.4.2 Sensient Technologies Introduction and Business Overview
10.4.3 Sensient Technologies Spice and Herbs Extracts Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Sensient Technologies Spice and Herbs Extracts Products Offered
10.4.5 Sensient Technologies Recent Development
10.5 Kerry Group
10.5.1 Kerry Group Company Information
10.5.2 Kerry Group Introduction and Business Overview
10.5.3 Kerry Group Spice and Herbs Extracts Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Kerry Group Spice and Herbs Extracts Products Offered
10.5.5 Kerry Group Recent Development
10.6 Ajinomoto
10.6.1 Ajinomoto Company Information
10.6.2 Ajinomoto Introduction and Business Overview
10.6.3 Ajinomoto Spice and Herbs Extracts Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Ajinomoto Spice and Herbs Extracts Products Offered
10.6.5 Ajinomoto Recent Development
10.7 SHS group
10.7.1 SHS group Company Information
10.7.2 SHS group Introduction and Business Overview
10.7.3 SHS group Spice and Herbs Extracts Sales, Revenue and Gross Margin (2018-2023)
10.7.4 SHS group Spice and Herbs Extracts Products Offered
10.7.5 SHS group Recent Development
10.8 Akay
10.8.1 Akay Company Information
10.8.2 Akay Introduction and Business Overview
10.8.3 Akay Spice and Herbs Extracts Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Akay Spice and Herbs Extracts Products Offered
10.8.5 Akay Recent Development
10.9 Paprika Oleo’s
10.9.1 Paprika Oleo’s Company Information
10.9.2 Paprika Oleo’s Introduction and Business Overview
10.9.3 Paprika Oleo’s Spice and Herbs Extracts Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Paprika Oleo’s Spice and Herbs Extracts Products Offered
10.9.5 Paprika Oleo’s Recent Development
10.10 VD Flavours
10.10.1 VD Flavours Company Information
10.10.2 VD Flavours Introduction and Business Overview
10.10.3 VD Flavours Spice and Herbs Extracts Sales, Revenue and Gross Margin (2018-2023)
10.10.4 VD Flavours Spice and Herbs Extracts Products Offered
10.10.5 VD Flavours Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Spice and Herbs Extracts 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 Spice and Herbs Extracts Industrial Chain Analysis
11.4 Spice and Herbs Extracts Market Dynamics
11.4.1 Spice and Herbs Extracts Industry Trends
11.4.2 Spice and Herbs Extracts Market Drivers
11.4.3 Spice and Herbs Extracts Market Challenges
11.4.4 Spice and Herbs Extracts Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Spice and Herbs Extracts Distributors
12.3 Spice and Herbs Extracts 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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