Europe Spice and Herb Extracts Market

Europe Spice and Herb Extracts Market

  • FB-2104
  • 4.7 Rating
  • 314 Pages
  • Upcoming
  • 57 Reviews
  • PDF Excel PPT
Anuradha

Author :

Anuradha B. More

Vaibhav

Fact-checked by :

Vaibhav Chandola

Aman

Editor :

Aman Singh

The Europe spice and herb extracts market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 6.7% during 2023–2031. The growth of the market is attributed to the growing demand for spices and herbs in recent years in Europe.

Spice and herb extracts are mixed with other ingredients to enhance flavor of food products. These extracts are a mixture of herbs and alcohol that are dissolved in water. The solid matter is removed from the dried or fresh herbs, leaving the oils blended with the alcohol. Spice and herbal extract are the result of this extraction procedure.

Europe Spice and Herb Extracts Market Outlook

Spice and herb extract are made up of the volatile essential oil and non-volatile resinous portion, which contains the flavor components and colors, and reflects the essence of the spice. Spice and herb extracts can be used in place of spice powder in food and taste formulations without affecting the flavor.

Europe Spice and Herb Extracts Market Trends, Drivers, Restraints, and Opportunities:

  • Healthy living, interest for multi-cuisine food products, and convenience have contributed to the growth of the market.

  • Rising inclination of food and beverage manufacturers toward natural flavoring agents form synthetic agents is driving the market growth.

  • Consumers are buying products from exporters who adhere to European Union legal standards. The market is threatened by changing commodity prices and the availability of substitute items, which can hamper the market.

  • Lack of indigenous production has resulted into the imports, which can create opportunities for new players in the market.

Scope of Europe Spice and Herb Extracts Market Report

The report on the Europe spice and herb extracts market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Europe Spice and Herb Extracts - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Products (Celery, Cumin, Chili, Coriander, Cardamom, Oregano, Pepper, Basil, Ginger, Thyme, and Others), Applications (Food Applications [Dairy, Dressings, Soups & Sauces, Meat & Poultry, Snacks & Convenience Food and Others] Beverage Applications [Soft Drinks, Tea & Herbal Drinks and Alcoholic Beverages] and Pharmaceuticals)

Geographical scope

The UK, Germany, France, Italy, Spain, and Rest of Europe

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Kalsec; Kerry Group; McCormick; and Dohler Synthite

Europe Spice and Herb Extracts Market Segment Insights

Pepper segment is expected anticipated to constitute a key market share

Based on products, the market is divided into celery, cumin, chili, coriander, cardamom, oregano, pepper, basil, ginger, thyme, and others. The pepper segment is expected to anticipated to constitute a key market share during the forecast period. Pepper is the most preferred herb extract in Europe. It holds approximately 28% of the market share. However, the chili segment is anticipated to hold a significant share of the market in the coming years. The amount of fresh chili peppers imported into Europe from developing nations has increased at a healthy rate.

Europe Spice and Herb Extracts Market Products

Dairy segment is expected to grow at a rapid pace

Based on applications the Europe spice and herb extracts market is divided into food applications, beverage applications, and pharmaceuticals. The food applications segment is further segmented into dairy, dressings, soups & sauces, meat & poultry, snacks & convenience food and others. The dairy segment is anticipated to grow at a rapid pace during the forecast period due to rising consumption of dairy products to fulfill the protein requirement of the body.

On the other hand, the beverage application segment is further divided into soft drinks, tea & herbal drinks, and alcoholic beverages.
The tea segment is anticipated to grow at a healthy rate during the forecast period. Growing awareness regarding advantages of tea such as the ability to boost the immune system, strengthen bones and teeth, and lower the risk of cardiovascular illnesses is expected to grow the market segment. The pharmaceuticals segment is anticipated to grow at a robust rate during the forecast period. Natural ingredients such as natural oils and chemical compounds are present in the spice and herbal extract, which has been used widely by various pharmaceutical companies across the country.

Germany is anticipated to constitute a considerable market share

In terms of geography, the Europe spice and herb extracts are classified as the UK, Germany, France, Italy, Spain, and Rest of Europe. Germany is expected to constitute around 25% of the market share. The spices and herbs extract market in Germany is being driven by changing consumer taste preferences and healthy living practices. However, rising preference for Asian cuisines including Chinese, Continental, and Japanese is anticipated to fuel the country’s market growth.

Segments

The Europe spice and herb extracts market has been segmented on the basis of

Products

  • Celery
  • Cumin & Chili
  • Coriander
  • Cardamom
  • Oregano
  • Pepper
  • Basil
  • Ginger
  • Thyme

Applications

  • Food Applications
    • Dairy
    • Dressings
    • Soups & Sauces
    • Meat & Poultry
    • Snacks & Convenience Food
  • Beverage Applications
    • Soft Drinks
    • Tea & Herbal Drinks
    • Alcoholic Beverages
  • Pharmaceuticals

Geography

  • The UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe

Key Players

  • Kalsec
  • Kerry Group
  • McCormick
  • Dohler Synthite

Competitive Landscape

Key players competing in the Europe spice and herb extracts market are Kalsec; Kerry Group; McCormick; and Dohler Synthite.

Companies are adopting strategies such as acquisitions, expansions, and capacity expansion to expand their market share.

Europe Spice and Herb Extracts Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Spice and Herb Extracts 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. Spice and Herb Extracts Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Spice and Herb Extracts Market - Supply Chain
  4.5. Global Spice and Herb Extracts Market Forecast
     4.5.1. Spice and Herb Extracts Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Spice and Herb Extracts Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Spice and Herb Extracts Market Absolute $ Opportunity
5. Global Spice and Herb Extracts Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Spice and Herb Extracts Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Spice and Herb Extracts Demand Share Forecast, 2019-2026
6. North America Spice and Herb Extracts Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Spice and Herb Extracts Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Spice and Herb Extracts Demand Share Forecast, 2019-2026
7. Latin America Spice and Herb Extracts Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Spice and Herb Extracts Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Spice and Herb Extracts Demand Share Forecast, 2019-2026
8. Europe Spice and Herb Extracts Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Spice and Herb Extracts Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Spice and Herb Extracts Demand Share Forecast, 2019-2026
9. Asia Pacific Spice and Herb Extracts 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
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Spice and Herb Extracts Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Spice and Herb Extracts Demand Share Forecast, 2019-2026
10. Middle East & Africa Spice and Herb Extracts 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. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Spice and Herb Extracts Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Spice and Herb Extracts Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Spice and Herb Extracts Market: Market Share Analysis
  11.2. Spice and Herb Extracts Distributors and Customers
  11.3. Spice and Herb Extracts Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Kalsec Kerry Group McCormick Dohler Synthite

Purchase Premium Report