Global spices and herbs extracts Market Threats, Analysis, Key Players, Growth, and Forecast 2026

Global spice and herbs extracts market to witness high revenue from Asia Pacific region during forecast period

Herbal extracts are substances obtained by extracting herbs such as dry leaves, stems or flowers from plants. Whereas spices extracts are obtained by dry aromatic and pungent ingredients in form of seeds, fruits, roots, barks or vegetable substance. The process includes extracting a part of raw material by using solvent such as water or ethanol. Extract can be in tincture or in powder form. Spice and herbs extracts are used in food, beverages, medicine and also for adding flavors, colors and to preserve food.

Major factors driving growth of the global spice and herbs extracts market include increasing demand for convenience food and increasing international cuisines in various countries. In addition, rising awareness about medicinal properties of herbs and spice extracts coupled with their usage in innovative food recipes are further driving growth of the global spice and herbs extracts market. Moreover, due to globalization and increasing tourism activities, there is rise in demand for ethnic food which in turn is boosting demand for spice and herbs extracts in various regions and this trend is expected to grow exponentially during the forecast period.

Major restraining factor hampering growth of the global spice and herbs extracts market is inefficient processing techniques and infrastructure. In addition, availability of substitutes and adulteration, varying prices of spice and herbs, geopolitical issues, and unfavorable climatic conditions in some regions are restraining growth of the global market. However, rising demand for flavor variation in food products is expected to open new and promising opportunities for major players in the market.

On basis of type, the global spice and herbs extracts market is segmented into celery, cumin, chili, coriander, cardamom, oregano, pepper, basil, ginger, thyme, and others. Of these, chili and pepper segment is expected to register a CAGR of XX% during the forecast period. On basis of product type, the global spice and herbs extracts market is segmented into essential oils, seasonings, blends, and others. On basis of application, the global spice and herbs extracts market is segmented into food, beverage, and medicine. The food segment is further sub-segmented into dairy, dressings and marinades, meat and poultry, snacks, and others. The beverages segment is further sub-segmented into soft drinks, tea and herbal drinks, alcoholic beverages, and others. On basis of region, the global spice and herbs extracts market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

North America has the largest market in terms of revenue generation owing to rising convenience food and street food culture. Followed by Europe. Among other regions, Asia Pacific is expected to witness highest growth during the forecast period owing to suitable climatic conditions to cultivate spice and herbs, high consumption by locals, and presence of major suppliers from economies such as India, China etc.

Top players profiled in the global spice and herbs extracts market report: 

 	
Döhler GmbH
 	
Synthite Industries Ltd.
 	
Kalsec Inc.
 	
Naturex SA
 	
Alkaloids Corporation
 	
Organic Herb Inc.
 	
Plant Extracts International Inc.
 	
Lehmann & Voss & Co. KG

Segmentation on basis of type:

 	
Celery
 	
Cumin
 	
Chili
 	
Coriander
 	
Cardamom
 	
Oregano
 	
Pepper
 	
Basil
 	
Ginger
 	
Thyme
 	
Others

Segmentation on basis of product type:

 	
Essential oils
 	
Seasonings
 	
Blends
 	
Others

Segmentation on basis of application:

 	
Food
 	
Dairy
 	
Dressings and marinades
 	
Meat and poultry
 	
Snacks
 	
Others
 	
Beverages
 	
Soft drinks
 	
Tea and herbal drinks
 	
Alcoholic beverages
 	
Others
 	
Medicine

Region-wise segmentation:

 	
North America
 	
Europe
 	
Asia Pacific
 	
Latin America
 	
Middle East & Africa

Report Structure:

In the first section of the report we offer a table of content, followed by a list of figures. The next section offers a definition and brief explanation of the various products and segmentation of the target market, along with a list of acronyms and sources used to gather and analyze data and information.

The third section of the report entails a brief list of drivers, restraints, opportunities, and threats (DROTs) in the target market. The report also offers insights on various trends in regions, countries, and markets as per segmentation, as well as insights and crucial information obtained from various sources including primary and secondary, annual reports, the Internet and others.

The final section comprises detailed profiles of key players in the target market and a SWOT analysis of each company, apart from strategies, acquisitions and mergers.

Objective of Report:

Sections of the report are created and designed specifically to offer readers a clear, clean, and insights into historical, estimated, and revenue (US$ Mn/Bn) estimation and projection, Compounded Annual Growth Rate (CAGR %), and volume in measure as applicable to the target product/market. We offer illustrations, charts, tables, and figures to support our findings and analysis, in addition to key finding for markets in regions and countries.

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