Market Size of North America Spice and Herb Extracts Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Spice and Herb Extracts Market Analysis
The North America spice and herb extracts market is expected to register a CAGR of about 7.2% during the forecast period, 2020-2025.
- The market has a good trade potential, especially for small-scale farmers in regions, like the United States and Mexico, where significant local demands exist for spices and herb extracts. A large proportion of extracts traded in, both, local and export markets is produced by small-scale farmers, and the global trade provides multi-billion US dollar earnings.
- The rising awareness among consumers, regarding various health issues, has led to an increasing number of applications of natural spices and herbs extracts. The demand for ready-cooked and easy-to-prepare food is growing in North America, which, in turn, is boosting the market for spices and herbs extract in the region.
