Market Overview:
The global medicinal spices market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for natural and organic products, rising awareness about the health benefits of medicinal spices, and growing popularity of Ayurveda and other traditional medicines. The global medicinal spices market is segmented on the basis of type, form, application, and region. On the basis of type, it is divided into turmeric, chili pepper, black pepper cumin seed garlic ginger cloves cinnamon nutmeg etc. Among these types, turmeric accounts for a major share in terms of revenue in 2017 owing to its various health benefits such as anti-inflammatory properties and antioxidant effects. In terms of form, it is classified into whole ground/powder crushed/chopped minced flakes etc., with ground/powder form accounting for a majority share in 2017 due to ease-of-use and convenience offered by them. By application area; anti-flatulent (digestive problems), antiemetic (motion sickness), antioxidant (cancer prevention), diuretic (increases urine output), antimicrobial (kills or inhibits growths microorganisms) antibacterial(kills bacteria) antispasmodic(relieves muscle spasms) are some key applications areas where medicinal spices are used extensively across different regions worldwide .
Product Definition:
A spice is a dried seed, fruit, root, bark or other plant part used as a seasoning in food. Spices are distinguished from herbs, which are the leaves of plants used for flavoring. Many spices have nutritional value and some are essential to human health. Medicinal spices have long been used to treat various medical conditions. Some spices are also effective against certain types of bacteria and viruses.
by Type:
By product type, it's usage.
The global aromatic herbs & plants market is expected to witness significant growth over the forecast period. Increasing demand for natural products coupled with rising awareness among consumers regarding the health benefits of such products is anticipated to drive the overall market. Furthermore, increasing utilization of herbal medicines owing to their high efficacy and lesser side effects as compared to synthetic drugs is also expected fuel industry expansion over the next few years.
Turmeric:
Turmeric is a spice and herb that has been used for thousands of years in South East Asian countries like Thailand, Malaysia, Indonesia as well as India. It’s main active ingredient is called curcumin which has anti-inflammatory properties. Turmeric also contains other ingredients like potassium, iron, calcium magnesium and vitamin B1 which makes it an excellent medicinal spices to use against inflammation related diseases.
Application Insights:
The anti-flatulent application segment led the global market in 2017. Medicinal spices are used for treating gas and stomach related disorders. Turmeric is a well-established medicinal spice that has been used for flatulence since ages. However, recent studies have indicated that turmeric may be useful in preventing rather than treating gas and stomach related disorders. Cumin, cinnamon, black pepper, garlic and ginger are other popular medicinal spices that are widely used for treating flatulence as well as intestinal worms in India and China respectively due to their anti-gas properties (Lal et al., 2016).
The diuretic property of these spices is another major driving factor responsible for their increased demand globally. Ginger is one such spice with high diuretic potential; it can increase urine output by more than 30%.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period on account of increasing consumption in food and beverage, pharmaceuticals, nutraceuticals, and cosmetics applications. Factors such as high population growth coupled with rising disposable income levels are anticipated to fuel demand for medicinal spices in Asia Pacific during the forecast period.
The Middle East & Africa is expected to be one of the fastest-growing regional markets from 2018 to 2030 owing to rapid urbanization along with growing consumer awareness regarding health benefits associated with these products especially among consumers aged 25 years and above which indicates higher adoption rates over time.
Growth Factors:
- Increasing demand for natural and organic products: The global medicinal spices market is expected to grow at a CAGR of 6.5% during the forecast period. This can be attributed to the increasing demand for natural and organic products, which are perceived as healthier alternatives to conventional products.
- Rising awareness about the health benefits of medicinal spices: There is a growing awareness among consumers about the health benefits of using medicinal spices, which is driving their demand worldwide.
- Growing popularity of Ayurveda and other traditional medicines: The popularity of Ayurveda and other traditional medicines is contributing significantly to the growth of the global medicinal spices market. These therapies use various types of herbs and spices for treatment, which has led to an increase in their demand in recent years.
- Technological advancements in extraction processes: The technological advancements in extraction processes are helping manufacturers produce high-quality extracts from different types of medicinal plants, thus boosting the growth prospects of this market segmentation.. 5) Expanding applications scope across different industries: Medicinal spice extracts are being increasingly used in a numberof industries such as nutraceuticals, cosmetics & personal care, pharmaceuticals etc., owingto their various therapeutic properties
Scope Of The Report
Report Attributes
Report Details
Report Title
Medicinal Spices Market Research Report
By Type
by Type, Turmeric, Chili, Pepper, Cumin, Garlic, Ginger, Clove, Cinnamon, Nutmeg, by Form, Whole, Ground/Powder, Crushed/Chopped, Minced, Flakes
By Application
Anti-Flatulent, Anti-Emetic, Antioxidant, Diuretic, Anti-Microbial, Anti-Bacterial, Antispasmodic
By Companies
Able Agro, SOAP, Frontier Co-Op, Sun Impex, Earthen Delight, Yogi Botanicals, Live Organics, ...
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Medicinal Spices Market Report Segments:
The global Medicinal Spices market is segmented on the basis of:
Types
by Type, Turmeric, Chili, Pepper, Cumin, Garlic, Ginger, Clove, Cinnamon, Nutmeg, by Form, Whole, Ground/Powder, Crushed/Chopped, Minced, Flakes
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Anti-Flatulent, Anti-Emetic, Antioxidant, Diuretic, Anti-Microbial, Anti-Bacterial, Antispasmodic
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Able Agro
- SOAP
- Frontier Co-Op
- Sun Impex
- Earthen Delight
- Yogi Botanicals
- Live Organics
- ...
Highlights of The Medicinal Spices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- by Type
- Turmeric
- Chili
- Pepper
- Cumin
- Garlic
- Ginger
- Clove
- Cinnamon
- Nutmeg
- by Form
- Whole
- Ground/Powder
- Crushed/Chopped
- Minced
- Flakes
- By Application:
- Anti-Flatulent
- Anti-Emetic
- Antioxidant
- Diuretic
- Anti-Microbial
- Anti-Bacterial
- Antispasmodic
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medicinal Spices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medicinal spices are plants and herbs that have been used for centuries to treat a variety of ailments. These plants and herbs may be used in food, as supplements, or as part of traditional medicine.
Some of the major players in the medicinal spices market are Able Agro, SOAP, Frontier Co-Op, Sun Impex, Earthen Delight, Yogi Botanicals, Live Organics.
The medicinal spices market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Medicinal Spices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Medicinal Spices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Medicinal Spices Market - Supply Chain
4.5. Global Medicinal Spices Market Forecast
4.5.1. Medicinal Spices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Medicinal Spices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Medicinal Spices Market Absolute $ Opportunity
5. Global Medicinal Spices Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Medicinal Spices Market Size and Volume Forecast by Type
5.3.1. by Type
5.3.2. Turmeric
5.3.3. Chili
5.3.4. Pepper
5.3.5. Cumin
5.3.6. Garlic
5.3.7. Ginger
5.3.8. Clove
5.3.9. Cinnamon
5.3.10. Nutmeg
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Medicinal Spices Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Medicinal Spices Market Size and Volume Forecast by Application
6.3.1. Anti-Flatulent
6.3.2. Anti-Emetic
6.3.3. Antioxidant
6.3.4. Diuretic
6.3.5. Anti-Microbial
6.3.6. Anti-Bacterial
6.3.7. Antispasmodic
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Medicinal Spices Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Medicinal Spices Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Medicinal Spices Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Medicinal Spices Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Medicinal Spices Demand Share Forecast, 2019-2029
9. North America Medicinal Spices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Medicinal Spices Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Medicinal Spices Market Size and Volume Forecast by Application
9.4.1. Anti-Flatulent
9.4.2. Anti-Emetic
9.4.3. Antioxidant
9.4.4. Diuretic
9.4.5. Anti-Microbial
9.4.6. Anti-Bacterial
9.4.7. Antispasmodic
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Medicinal Spices Market Size and Volume Forecast by Type
9.7.1. by Type
9.7.2. Turmeric
9.7.3. Chili
9.7.4. Pepper
9.7.5. Cumin
9.7.6. Garlic
9.7.7. Ginger
9.7.8. Clove
9.7.9. Cinnamon
9.7.10. Nutmeg
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Medicinal Spices Demand Share Forecast, 2019-2029
10. Latin America Medicinal Spices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Medicinal Spices Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Medicinal Spices Market Size and Volume Forecast by Application
10.4.1. Anti-Flatulent
10.4.2. Anti-Emetic
10.4.3. Antioxidant
10.4.4. Diuretic
10.4.5. Anti-Microbial
10.4.6. Anti-Bacterial
10.4.7. Antispasmodic
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Medicinal Spices Market Size and Volume Forecast by Type
10.7.1. by Type
10.7.2. Turmeric
10.7.3. Chili
10.7.4. Pepper
10.7.5. Cumin
10.7.6. Garlic
10.7.7. Ginger
10.7.8. Clove
10.7.9. Cinnamon
10.7.10. Nutmeg
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Medicinal Spices Demand Share Forecast, 2019-2029
11. Europe Medicinal Spices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Medicinal Spices Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Medicinal Spices Market Size and Volume Forecast by Application
11.4.1. Anti-Flatulent
11.4.2. Anti-Emetic
11.4.3. Antioxidant
11.4.4. Diuretic
11.4.5. Anti-Microbial
11.4.6. Anti-Bacterial
11.4.7. Antispasmodic
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Medicinal Spices Market Size and Volume Forecast by Type
11.7.1. by Type
11.7.2. Turmeric
11.7.3. Chili
11.7.4. Pepper
11.7.5. Cumin
11.7.6. Garlic
11.7.7. Ginger
11.7.8. Clove
11.7.9. Cinnamon
11.7.10. Nutmeg
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Medicinal Spices Demand Share, 2019-2029
12. Asia Pacific Medicinal Spices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Medicinal Spices Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Medicinal Spices Market Size and Volume Forecast by Application
12.4.1. Anti-Flatulent
12.4.2. Anti-Emetic
12.4.3. Antioxidant
12.4.4. Diuretic
12.4.5. Anti-Microbial
12.4.6. Anti-Bacterial
12.4.7. Antispasmodic
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Medicinal Spices Market Size and Volume Forecast by Type
12.7.1. by Type
12.7.2. Turmeric
12.7.3. Chili
12.7.4. Pepper
12.7.5. Cumin
12.7.6. Garlic
12.7.7. Ginger
12.7.8. Clove
12.7.9. Cinnamon
12.7.10. Nutmeg
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Medicinal Spices Demand Share, 2019-2029
13. Middle East & Africa Medicinal Spices Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Medicinal Spices Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Medicinal Spices Market Size and Volume Forecast by Application
13.4.1. Anti-Flatulent
13.4.2. Anti-Emetic
13.4.3. Antioxidant
13.4.4. Diuretic
13.4.5. Anti-Microbial
13.4.6. Anti-Bacterial
13.4.7. Antispasmodic
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Medicinal Spices Market Size and Volume Forecast by Type
13.7.1. by Type
13.7.2. Turmeric
13.7.3. Chili
13.7.4. Pepper
13.7.5. Cumin
13.7.6. Garlic
13.7.7. Ginger
13.7.8. Clove
13.7.9. Cinnamon
13.7.10. Nutmeg
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Medicinal Spices Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Medicinal Spices Market: Market Share Analysis
14.2. Medicinal Spices Distributors and Customers
14.3. Medicinal Spices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Able Agro
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SOAP
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Frontier Co-Op
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sun Impex
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Earthen Delight
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Yogi Botanicals
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Live Organics
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ...
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
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