The “Dried Herbs Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Dried Herbs Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global dried herbs market size was US$ 5.5 billion in 2021. The global dried herbs market is forecast to grow to US$ 9.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2022 to 2030.
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Herbs are plants having a wide range of applications and advantages in a variety of fields. Unlike dried herbs, fresh herbs are perishable and susceptible to bacteria and fungi. Thus, these herbs are dried primarily in order to protect the delicate plants. Air drying, microwave drying, and vacuum drying are the processes used to remove the water from fresh herbs.
Factors Influencing the Market
The medicinal health benefits of dried herbs are primarily driving the growth of the dried herbs market. Furthermore, the growing interest of users in packaged foods and convenience foods will contribute to the growth of the dried herbs market.
The global dried herbs market is also driven by the growing disposable income of consumers. In addition to that, the rapidly growing health food industry will also contribute to the growth of the global dried herbs market during the study period.
The long shelf life of dried herbs is expected to positively fuel the market growth. On the contrary, the high cost of dried herbs may limit the growth of the market during the forecast period.
Regional Analysis
The Asia-Pacific dried herbs market is forecast to record the highest growth rate of all the regions. It is owing to the growing demand for delicacies food across the region. Further, the high production rate of dried herbs in the region, will contribute to the growth of the market. The global dried herbs market will also record a substantial growth rate due to the rising population and increasing awareness related to the health benefits of dried herbs.
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COVID-19 Impact Analysis
Due to the COVID-19 pandemic, the demand for dried herbs increased. Certain herbs are considered efficient to strengthen the immune system, which significantly raised their demands during the pandemic. Oregano, sage, basil, etc., are among the best antiviral herbs aimed at strengthening the immune system. Thus, it has substantially contributed to the growth of the global dried herbs market.
Competitors in the Market
? Van Drunen Farms
? Takasago International corporation
? Synthite Industries Ltd
? Cherry Valley Organics
? The Kraft Heinz Company
? Robertet SA
? McCormick & Company
? Firmenich S A
? Pacific Botanicals
? Other Prominent Players
Market Segmentation
The global dried herbs market segmentation focuses on Product, Form, Nature, Driving Methods, End-Users, and Region.
By Product Type
? Oregano
? Rosemary
? Sage
? Savory
? Mint
? Thyme
? Bay Leaves
By Form
? Whole Herbs
? Powdered Herbs
By Nature
? Organic
? Conventional
By Drying Method
? Air Drying
? Vacuum Drying
? Microwave Drying
By End-User
? B2B
? Industrial
o Bakery
o Snacks
o Beverages
o Salads & Dressings
o Seasoning & Sauces
o Pickles
o Pharmaceuticals
o Cosmetics & Personal Care
o Food Service Providers
? B2C
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By Region
�?� North America
o The U.S.
o Canada
o Mexico
�?� Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
�?� Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
�?� Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
What is the goal of the report?
? The market report presents the estimated size of the market at the end of the forecast period. The report also examines historical and current market sizes.
? During the forecast period, the report analyzes the growth rate, market size, and market valuation.
? The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
? The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance
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