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Global Fresh Herbs Market Research Report Forecast till 2025
Global Fresh Herbs Market is anticipated to expand with USD 1,183.2 Million from 2018 to 2025 at a CAGR of 3.9% during the assessment period. Fresh herbs are becoming the most common ingredient of many dishes it has been added as a flavoring agent for delicious taste. These herbs are distributed in include whole packed, cut packed, and potted forms; some of the most popular herbs are basil, chives, coriander, parsley, mint, and thyme. The increasing demand for organic fresh herbs, increasing adoption of packaged fresh herbs, and growing preferences for cross-cultural cuisines are expected to boost the growth of the global fresh herbs market in the coming years.
The global fresh herbs market has evaluated to grow with the highest rate over the last few years and it is estimated to grow with a rapid pace owing to rising migrant population in North American and European countries such as the US, Germany, Russia, the UK, France, and Canada. This increasing immigrant population prefers cuisines of their native lands, leads to the rising popularity of cross-culture cuisines globally. Additionally, the rising demand for organic fresh herbs is evaluated to create attractive growth opportunities for many major market players. Moreover, explosive commodities prices are expected to be the major restraining factor of the growth of the global fresh herbs market during the study period.
Market Segmentation
Global Fresh Herbs Market has been segregated based on the Type, Category, Distribution Channel, and Region.
Based on the type segment, the global fresh herbs market has been segregated into basil, chives, coriander, parsley, mint, Salicornia, and others. Basil led the market with an approximately 20% contribution in 2018. Based on the category segment, the global market has been divided into conventional and organic. In 2018, the conventional segment led the global market and is expected to command during the forecast period. By the distribution channel category, the market has been bifurcated into foodservice and food retail. The food retail segment is accounted for to exhibit a CAGR of 4.2% during the research period of 2019 to 2025.
Regional Analysis
The region-specific analysis of the Global Fresh Herbs Market has been segregated as North America, Europe, Asia-Pacific, and the rest of the world.
In 2018, Asia-Pacific contributed the largest market share of the global fresh herbs market owing to the largest herb producing field. The regional market is accounted to reach by USD 356.19 million from 2018 to 2025. China contributes the highest country-level market of the Asia-Pacific and global fresh herbs market. Europe is evaluated to register the significant CAGR during the review period due to the growing demand for fresh eatable herbs in the region, especially in Northern Europe.
Major Players
The Key Players in the Global Fresh Herbs Market include Spisa Group (Sweden), Vitacress (UK), Van Vugt Kruiden (Netherlands), Rocket Farms (US), Nomad Foods (UK), Pacific Botanicals (US), Shenandoah Growers, Inc. (the US), Langmead Herbs (UK), Organic Herb Trading Company (UK), and Al-Hanin Herbs (Egypt).
COVID 19 Impacts
We are continuously tracking the impact of COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations and many other useful insights.
Market Overview
Global Fresh Herbs Market is anticipated to expand with USD 1,183.2 Million from 2018 to 2025 at a CAGR of 3.9% during the assessment period. Fresh herbs are becoming the most common ingredient of many dishes it has been added as a flavoring agent for delicious taste. These herbs are distributed in include whole packed, cut packed, and potted forms; some of the most popular herbs are basil, chives, coriander, parsley, mint, and thyme. The increasing demand for organic fresh herbs, increasing adoption of packaged fresh herbs, and growing preferences for cross-cultural cuisines are expected to boost the growth of the global fresh herbs market in the coming years.
The global fresh herbs market has evaluated to grow with the highest rate over the last few years and it is estimated to grow with a rapid pace owing to rising migrant population in North American and European countries such as the US, Germany, Russia, the UK, France, and Canada. This increasing immigrant population prefers cuisines of their native lands, leads to the rising popularity of cross-culture cuisines globally. Additionally, the rising demand for organic fresh herbs is evaluated to create attractive growth opportunities for many major market players. Moreover, explosive commodities prices are expected to be the major restraining factor of the growth of the global fresh herbs market during the study period.
Market Segmentation
Global Fresh Herbs Market has been segregated based on the Type, Category, Distribution Channel, and Region.
Based on the type segment, the global fresh herbs market has been segregated into basil, chives, coriander, parsley, mint, Salicornia, and others. Basil led the market with an approximately 20% contribution in 2018. Based on the category segment, the global market has been divided into conventional and organic. In 2018, the conventional segment led the global market and is expected to command during the forecast period. By the distribution channel category, the market has been bifurcated into foodservice and food retail. The food retail segment is accounted for to exhibit a CAGR of 4.2% during the research period of 2019 to 2025.
Regional Analysis
The region-specific analysis of the Global Fresh Herbs Market has been segregated as North America, Europe, Asia-Pacific, and the rest of the world.
In 2018, Asia-Pacific contributed the largest market share of the global fresh herbs market owing to the largest herb producing field. The regional market is accounted to reach by USD 356.19 million from 2018 to 2025. China contributes the highest country-level market of the Asia-Pacific and global fresh herbs market. Europe is evaluated to register the significant CAGR during the review period due to the growing demand for fresh eatable herbs in the region, especially in Northern Europe.
Major Players
The Key Players in the Global Fresh Herbs Market include Spisa Group (Sweden), Vitacress (UK), Van Vugt Kruiden (Netherlands), Rocket Farms (US), Nomad Foods (UK), Pacific Botanicals (US), Shenandoah Growers, Inc. (the US), Langmead Herbs (UK), Organic Herb Trading Company (UK), and Al-Hanin Herbs (Egypt).
COVID 19 Impacts
We are continuously tracking the impact of COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations and many other useful insights.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
