Organic Spices Market - Forecast(2021 - 2026)
Organic Spices Market Overview Organic Spices Market size is projected to reach $3,858.4 million by 2026, growing at a CAGR of 5.3% over 2021-2026. Herbs and spices are considered organic if they have not been subjected to any chemical treatment . Also, the finished outcome has not been irradiated with gamma rays or anything similar, to kill bacteria or to preserve them from decay. There should not be any wax sprayed on the fruits to maintain its shiny look. Some of the key factors attributed to market expansion include increase in number of health-conscious consumers and rising in awareness regarding the health benefits associated with the consumption of organic spices. Moreover, However, high production and logistics costs coupled with trade regulations for certain specific regions resulting in higher price margins for importing countries are deemed to hamper the organic spices market growth. Furthermore, increasing adoption of organic spices in pharmaceutical industry and rising re...