Africa Spice and Herb Extracts Market Size

Statistics for the 2023 & 2024 Africa Spice and Herb Extracts market size, created by Mordor Intelligence™ Industry Reports. Africa Spice and Herb Extracts size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Africa Spice and Herb Extracts Industry

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Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 3.10 %
Market Concentration High

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Africa Spice and Herb Extracts Market Analysis

Africa spice and herb extracts market is expected to register a CAGR of 3.1% during the forecast period (2020-2025).

  • Rising food applications of spices and herbs in products such as dressings andmarinadesby food manufacturers isboosting the market growth of the ingredients in the region.
  • The market is also driven by factors such as the growing number of innovative product launches, a risingnumber of consumers preferring packaged food products and increased preference for botanical or herbal flavors among consumers.

Africa Spice and Herb Extracts Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)