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Asia Pacific Organic Spices Market Forecast 2019-2028

The Asia Pacific organic spices market is evaluated to record a CAGR of 8.20% over the projected period, 2019-2028. The region is witnessing rising demand for spices due to dense population base, the emergence of many domestic brands, and growing promotional activities.

The analysis of the Asia Pacific organic spices market growth represents the market regions of South Korea, China, India, Australia & New Zealand, Thailand, Vietnam, Japan, Indonesia, and the rest of Asia Pacific. Indonesia is one of the major producers and exporters of cloves. Nutmeg and mace are some of the majorly produced spices in Indonesia and exported across the world. One of the original Indonesian spices is turmeric, which has health benefits, along with aiding in the face and skin beauty. Presently, ready-to-eat and ready-to-cook packaged spices are growing in demand in the country. Thailand is rich in herbs and spices, and is known as the land of flavors and spices. Thai cuisine is one of the most flavored foods in the world.
Vietnamese cuisine is considered as one of the healthiest in the world. It emphasizes heavily on fresh ingredients, and herbs and spices are selected carefully for maximum flavor. Vietnam has a favorable climate and location for the cultivation of ginger, pepper, clove, cassia, coriander, among others. In countries like Australia, the soaring popularity of cooking shows and celebrity chefs, rising focus on fresh food consumption, and influence from different cultures and cuisines are the various factors fueling the growth of the Australian spice market. The market is dominated by small scale producers who are trying to develop their product through experimentation by supplying to restaurants, local retailers, and other foodservice sectors.

Some of the eminent players functioning in the market are Olam International Limited, Rapid Organic Pvt. Ltd, Husarich GmbH, Earthen Delight, Live Organics, etc.

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Asia Pacific Organic Spices Market Forecast 2019-2028
Published By :Inkwood Research
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