The Organic Spice Market was valued at USD 322.9 Mn in 2021. The market is projected to grow USD 440.05 Mn in 2028, at a CAGR of 4.52% forecast period 2021 to 2028.
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Organically grown spices are fresher than the ones that get produced with the help of chemicals and pesticides. These spices have very less or no amount of preservatives in their content. So, they are always better for your health and also taste delicious when cooked. One of the main reasons to switch to organic spices is the fact that it does not use any synthetic chemicals and pesticides for the cultivation process at all, and instead substitutes it with organic manure and biofertilizers.
Key Players-
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Olam Food Ingredients has made a strategic move by partnership with Agri-Neo to provide organically pasteurized dried onions to expand its product line with the help of pasteurization technology.
Olam Food Ingredients has acquired Olde Thompson to strengthen the product portfolio and expansion of private label capabilities across the OFI portfolio.
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Sensient Technologies Corporation has acquired New Mexico Chili Products Inc., to expand the business and robust the logistics and supply chain.
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