Market Scope
Market Research Future (MRFR) presumes that the fresh herbs market will be reaching USD 1,183.2 Million by 2032. During the analysis timeline (2023-2032), the market growth rate will be 16.26%, predicts MRFR. The Fresh Herbs Market Size was valued at USD 142.1 Billion in 2022. The Fresh Herbs market industry is projected to grow from USD 165.2 Billion in 2023
The fresh herbs market trend is experiencing a notable trend towards increased consumer demand for locally sourced, organic, and sustainably grown herbs. As health-conscious consumers prioritize natural flavors and nutrition in their culinary choices, fresh herbs have gained prominence as essential ingredients in various cuisines. This trend is further amplified by the growing interest in home gardening and cooking, as people seek to incorporate fresh herbs into their daily meals. Additionally, the rise of ethnic and international cuisines has spurred the demand for a diverse range of fresh herbs, leading to greater availability and variety in the market. In response, producers and retailers are focusing on improving packaging, distribution, and labeling practices to ensure the freshness and authenticity of their herb offerings, catering to the evolving preferences of today's discerning consumers.
Top Boosters and Key Restraints
Fresh herbs have several health benefits, with a few that help in the prevention of cancer while a others help restrict bacterial growth. Most of the fresh herbs have elements that neutralize carcinogens. Fennel is one of the most commonly preferred herbs among consumers, as it has anti-inflammatory features. Herbs like basil, chives, parsley, coriander, and mint are also very popular due to the several health benefits these possess. Whole packed, potted, and cut packed varieties are abundantly available in the market. The growing appeal of a variety of cross-cultural cuisines and the mounting demand for packaged fresh herbs should elevate the market position in the following years.
Majority of the crop growers constantly seek new methods to bolster profits while diversifying their operations. A mounting number of farmers are working on supplementing their profits by focusing on small-scale acreages of high-value crops like fresh herbs. This scenario is further favored by the dramatic rise in the demand for fresh herbs across the globe. The surge in globalization further fosters the demand for cuisine from different areas, which will ultimately enhance the market size in subsequent years.
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The fast-expanding foodservice business worldwide; fueled by consumers eating out instead of cooking at home, will boost the market demand in the future. In view of the soaring consumer awareness and rising focus on their health, organic products are enjoying massive demand in the market. This will be extremely favorable for the fresh herbs industry in the next several years.
Segmental Review
The type-wise segments in the report are basil, chives, coriander, parsley, mint, salicornia, and more. The highest spot in the market has been taken by the basil segment while chives segment will achieve the fastest growth rate of 4.9% in the future. Chives are extensively used in the preparation of soups, fish, and potatoes, and will continue to enjoy a huge demand over the coming years.
Categories covered in the review study are organic as well as conventional. Despite the conventional herbs segment taking the lead, the fastest growing segment will be organic herbs, thanks to the surging consumer preference for natural food items in Europe as well as North America. Organic food products are known for their ability to enhance immunity levels and are mostly chemical-free.
The major distribution channels in the market include food retail along with foodservice. The biggest segment is foodservice, as the sector is expanding rapidly across the world and generates significant demand for a variety of fresh herbs.
The Fresh Herbs Market report provides a comprehensive analysis of the global fresh herbs industry, offering valuable insights into market trends, growth drivers, challenges, and opportunities. It encompasses a detailed assessment of the market's size, segmentation, and regional dynamics, highlighting the increasing consumer preference for organic and locally sourced herbs. The report also delves into the competitive landscape, profiling key players and their strategies for market dominance. With a focus on emerging trends in culinary and medicinal herb usage, sustainability practices, and the impact of changing dietary preferences, this report serves as an indispensable resource for stakeholders, businesses, and investors seeking to make informed decisions in the ever-evolving fresh herbs market.
Regional Insight
Asia Pacific will clinch the top spot in the years ahead, attaining a valuation of USD 407.9 Billion by 2032, with China standing at the vanguard of the business expansion. Fresh herbs find substantial use in various Southeast Asian dishes and cuisines. In particular, Thailand, Laos, Cambodia, and Vietnam generate considerable demand for leafy fresh herbs. Fresh herbs require effective post-harvest management, and the region’s high fertility rate, rich soil structure, ideal sunlight and temperature encourage the same.
Europe will be recording the fastest advancement rate in the following years, as a result of the heightened demand for fresh culinary herbs that are organic/natural. The fresh herbs experiencing booming sales in the region are mint, basil, and parsley. The popularity of numerous cooking programmes coupled with online cooking tutorials on social media channels adds to the market demand as well.
Top Companies
Vitacress (UK), Nomad Foods (UK), Rocket Farms (US), Organic Herb Trading Company (UK), Pacific Botanicals (US), Spisa Group (Sweden), Langmead Herbs (UK), Al-Hanin Herbs (Egypt), Shenandoah Growers, Inc. (the US), Van Vugt Kruiden (Netherlands), are the major fresh herbs producers in the worldwide market.
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