Fresh Herbs Market -By Type (Basil, Chives, Coriander, Parsley, Mint, Salicornia and others), By Category (Conventional and Organic), By Distribution Channel (Foodservice and Food Retail) – Industry Forecast 2027
|ID: VPR/F&B/1023||Publishing Year: September 2021||Pages: 105||Format:|
Fresh Herbs Market Overview:
The Fresh Herbs Market is projected to grow from USD 1.35 billion in 2020 to reach USD 2.5 billion by 2027; it is expected to grow at a CAGR of 9.2% from 2020 to 2027.
Fresh Herbs are typically leafy greens that are used as flavouring agents in the kitchen and as garnishes. Herbs such as chives, basil, coriander, parsley, mint, and others are common. Cut packed, whole packed, and potted varieties are available. The popularity of cross-cultural cuisines is growing worldwide, and packaged Fresh Herbs are becoming more popular.
- Spisa Group
- Van VugtKruiden
- Rocket Farms
- Fresh Thyme
- Pacific Botanicals
- Shenandoah Growers, Inc.
- Langmead Herbs
- Herb Pharm
- Al-Hanin Herbs
Despite the fact that the Fresh Herbs Market is minor in comparison to that of fruits and vegetables, it has grown significantly in recent years. The impact of the COVID-19 pandemic was severe, and the global market for Fresh Herbs was severely impacted. The vast majority of Fresh Herbs sold on the global market are sold to restaurants, and with restaurants closing due to national lockdowns, the whole herb economy has come to a halt. After the global scenario changes, it is expected that the Fresh Herbs Market would take some time to recover.
Globalization has raised demand for cuisine from various areas, which is expected to boost the Fresh Herbs Market Share throughout the forecast period.
Global demand trends for Fresh Herbs packaged are expected to contribute to the development of fresh herbs and spices at farmers' markets in the near future.
The fast-growing foodservice business, which is fueled by people eating out rather than at home, is expected to boost the Fresh Herbs Market over the projected period.
Due to improved consumer awareness, the demand for organic products has expanded globally, which is expected to benefit Fresh Herb firms in the next years.
The process of growing Fresh Herbs, like that of fresh fruit, is heavily reliant on nature and distribution systems, resulting in price variations.
The Fresh Herbs Market is divided into three categories: Type, Category, and End-User. Basil, chives, coriander, parsley, Mint, and Others are the several types of Fresh Herbs available. The Fresh Herbs Market is divided into two categories: conventional and organic. The Fresh Herbs Market is divided into two categories based on end-user: foodservice and food retail.
The countries with the highest herb yields are concentrated in Asia and Europe. In 2020, Asia Pacific surpassed North America and the Middle East as the world's largest herb-producing region, with massive volumes of fresh herbs being sent to regional Fresh Herbs Market in North America and the Middle East. In general, herb production is highly volatile and is mostly influenced by environmental factors such as floods, rains, and droughts, resulting in a demand-supply mismatch and resulting in price fluctuations. Instability in the prices of Fresh Herbs is expected to restrain the market's growth throughout the forecast period. Between 2020 and 2027, the Asia Pacific area is expected to earn USD 400 million. China is a significant country-level market that contributes to the growth of the Asia Pacific Fresh Herbs Market.
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