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Europe Spice and Herb Extracts Market Size (2024 - 2029)

The European spice and herb extracts market is experiencing significant growth, driven by increasing demand for organic and chemical-free products, as well as trends towards healthy living and new culinary experiences. This expansion is further supported by the use of organic herbs and spices for product differentiation by food processors. The market's size is influenced by Europe's reliance on imports from countries like Kuwait, China, Indonesia, and India, with the Netherlands serving as a key hub for these imports. Additionally, there is a growing focus on local products, which contributes to the market's development.

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Market Size of Europe Spice and Herb Extracts Industry

Europe Spice and Herb Extracts Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.70 %
Market Concentration Low

Major Players

Europe Spice and Herb Extracts Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe Spices and Herbs Extracts Market Analysis

The European spice and herb extracts market is projected to register a CAGR of 6.7% during the forecast period.

The demand for spices and herbs in Europe has been growing immensely over the years. This high growth rate can be attributed to trends such as healthy living, an interest in new tastes, and convenience. The growing popularity of organic spices among European customers due to their chemical- and pesticide-free properties, as well as European spice and herb extract, are expected to drive growth during the forecast period.However, the majority of European food processors utilize organic herbs and spices for the sole objective of product differentiation, which in turn boosts the European spice and herb extract market.

Europe relies primarily on imports from spice-extracting countries such as Kuwait, China, Indonesia, and India. Traditionally, the Netherlands has played a significant role in international trade as a leading importer of spices from developing countries. The Netherlands Ministry of Foreign Affairs reports that Dutch spice and herb imports accounted for 14% of total European imports in 2021, growing at an annual rate of 7.3% since 2017. Moreover, consumers and domestic business operators are concentrating more on benefiting the industry by raising local products and increasing the growth of the European spice and herb extract market.

Europe Spices and Herbs Extracts Industry Segmentation

Spice and herb extracts derive from natural or organic flavor sources in the plant. Europe's spice and herb extracts market is segmented by source type, application, and geography. Based on the source type, the market is segmented into celery, cumin, chili, coriander, cardamom, oregano, pepper, basil, ginger, thyme, cinnamon, and others. Others include vanilla, orange, lemon, citrus, and resinoids. Based on the application, the market is segmented into food, beverages, and pharmaceuticals. The food segment is further segmented into dairy, dressings, soups, and sauces; meat and poultry; snacks and convenience foods; and others. The beverage segment is further segmented into soft drinks, tea and herbal drinks, and alcoholic beverages. Based on geography, the market is segmented into the United Kingdom, France, Germany, Italy, Russia, Spain, and the rest of Europe. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).

Source Type
Celery
Cumin
Chili
Coriander
Cardamom
Oregano
Pepper
Basil
Ginger
Thyme
Cinnamon
Other Source Types
Application
Food
Dairy
Dressings, Soups and Sauces
Meat and Poultry
Snacks and Convenience Food
Other Applications
Beverage
Soft Drinks
Tea and Herbal Drinks
Alcoholic Beverages
Pharmaceuticals
Geography
United Kingdom
France
Germany
Italy
Russia
Spain
Rest of Europe
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Europe Spice and Herb Extracts Market Size Summary

The European spice and herb extracts market is experiencing significant growth, driven by increasing consumer demand for healthy living, new flavors, and convenience. The trend towards organic spices, valued for their natural and chemical-free properties, is particularly strong among European consumers. This demand is further bolstered by the food and beverage industry's shift towards natural flavoring agents, as well as the rising popularity of Asian cuisines. Despite limited local production, Europe relies heavily on imports from countries like China, India, and Indonesia, with the Netherlands playing a crucial role in international trade. The market is characterized by a fragmented landscape with both international and local players, who are actively engaging in strategies such as acquisitions, expansions, and new product launches to capture market share.

Germany stands out as a key player in the European spice and herb extract market, being the largest importer within the European Union. The country's demand is fueled by changing consumer preferences for natural and organic flavoring agents, as well as a growing interest in Asian cuisines. The market's growth is supported by inter-European trading and the willingness of German consumers to invest in health-conscious food products. Major companies in the sector, such as Kalsec Inc., Kerry Group PLC, and Olam International, are leveraging advanced distribution networks and investing in research and development to maintain their competitive edge. Recent developments, including new product launches and strategic partnerships, highlight the dynamic nature of the market and the ongoing efforts to meet evolving consumer demands.

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Europe Spice and Herb Extracts Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Source Type

      1. 2.1.1 Celery

      2. 2.1.2 Cumin

      3. 2.1.3 Chili

      4. 2.1.4 Coriander

      5. 2.1.5 Cardamom

      6. 2.1.6 Oregano

      7. 2.1.7 Pepper

      8. 2.1.8 Basil

      9. 2.1.9 Ginger

      10. 2.1.10 Thyme

      11. 2.1.11 Cinnamon

      12. 2.1.12 Other Source Types

    2. 2.2 Application

      1. 2.2.1 Food

        1. 2.2.1.1 Dairy

        2. 2.2.1.2 Dressings, Soups and Sauces

        3. 2.2.1.3 Meat and Poultry

        4. 2.2.1.4 Snacks and Convenience Food

        5. 2.2.1.5 Other Applications

      2. 2.2.2 Beverage

        1. 2.2.2.1 Soft Drinks

        2. 2.2.2.2 Tea and Herbal Drinks

        3. 2.2.2.3 Alcoholic Beverages

      3. 2.2.3 Pharmaceuticals

    3. 2.3 Geography

      1. 2.3.1 United Kingdom

      2. 2.3.2 France

      3. 2.3.3 Germany

      4. 2.3.4 Italy

      5. 2.3.5 Russia

      6. 2.3.6 Spain

      7. 2.3.7 Rest of Europe

Europe Spice and Herb Extracts Market Size FAQs

The Europe Spice and Herb Extracts Market is projected to register a CAGR of 6.70% during the forecast period (2024-2029)

D脰Hler Group Se, Olam International, Sensient Technologies Corporation, Kerry Group PLC and Kalsec Inc. are the major companies operating in the Europe Spice and Herb Extracts Market.

European Spices and Herbs Extracts Market Report Snapshots

European Spices and Herbs Extracts Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)