The Dried Herbs Market is estimated to be valued at US$ 5.65 Bn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period from 2024 to 2031. Dried herbs refer to plant material that has had the majority of the original moisture removed from it. They have a concentrated flavor and aroma when compared to fresh herbs. They are commonly used to enhance the flavor and aroma of various food items such as snacks, soups, salads and other savory dishes. The global dried herbs market has been growing steadily due to the rising demand for convenience and longer shelf-life food products. With rising urbanization and changing lifestyles, consumers are increasingly opting for dried herbs as they offer enhanced convenience in terms of storage, transport and use while retaining most of the flavors and nutritional contents of fresh herbs. Furthermore, dried herbs also help in reducing food waste as they can be stored for much longer duration compared to fresh herbs without losing their properties.
Key Takeaways
Key players operating in the Dried Herbs Market include Mevive International, All-Season Herbs Pvt. Ltd., British Pepper & Spice Company, McCormick and Company, Inc., DF World of Spices GmbH, Koninklijke Euroma BV, Paulig Group, Olam International, Kräuter Mix GmbH, RAMÓN SABATER S.A.U., Naturalin, Husarich GmbH, Royal Spices, Elite Spice, U.S. Spice Mills Inc., Verstegen Spices & Sauces B.V., Aum Agri Freeze Foods, Aadhunik Ayurveda, Flex Foods, and Saipro Biotech Private Limited. Mevive, McCormick and Olam account for a major share in the Dried Herbs Market Trends.
The demand for dried herbs is growing significantly across both developed and developing countries with the rising health-consciousness among consumers. Dried herbs are gaining popularity as they are deemed healthier than processed spices and seasonings. Their various health benefits such as antioxidant properties are driving their incorporation in dietary habits.
Major dried herbs producing countries are expanding their production capacities and engagement in exports to cater to the growing global demand. For instance, key dried herbs producers including India, China, Mexico, and Morocco are investing heavily in automation, quality improvement, and capacity expansion of their herbs processing facilities.
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