Market Overview
The fresh herbs market is predicted to register a CAGR of 3.9% during the 2018 to 2025 forecast period. A market research report predicts a US$1,183.2 million valuation of the market by 2025. The growth is anticipated to be supported by the rising popularity of cross-cultural cuisines. Based on the report, the growing preference for packaged fresh herbs will drive growth in the market in the coming years till 2025. However, volatile commodities prices will negatively affect the fresh herbs market’s growth. Fluctuations in the prices of the products are anticipated to be another factor which could turn out to be a threat to companies during 2018 to 2025. The market report based on primary and secondary data reveals that distribution channel, type, and category segments will witness a healthy growth till 2025. While the growing demand for organic fresh herbs will support the market during the forecast period and the growth of the foodservice industry will also help the market globally, the growth could be affected by the growing preference of consumers towards alternative solutions which could hinder business activities. Supply chain related constraints are also expected to be responsible for stalled market growth till 2025.
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Market Segmentation
The fresh herbs market is categorized into smaller segments such as distribution channel, type, and category in order to analyze the market. The distribution channel, type, and category segments are then categorized further. The distribution channel segment is categorized into foodservice and food retail. Analysts have studied these sub segments. Based on category, the global market is further segmented into basil, chives, coriander, mint, parsley, Salicornia, and others. Based on the study of these segments, analysts have shared market forecasts. On the basis of type, the market is segmented into smaller segments including conventional and organic.
Growing concerns regarding the cost will drive growth in the market during the forecast period 2018 to 2025. Across all the segments including distribution channel, type, and category, the global market for fresh herbs will witness a healthy growth. However, factors such as the growing penetration of alternatives in the market could become a threat to the market’s growth. Economic activities surrounding the fresh herbs sector will also get benefitted from the high cost associated with products. Businesses across fresh herbs have been thoroughly studied and analyzed by fresh herbs industry’s expert researchers. Findings have been published in the fresh herbs market research report with forecasts till 2025.
Regional Overview
The fresh herbs market, apart from the product and service related segments, is spread across the world. The regional markets of fresh herbs covered in the report are North America, Europe, Asia-Pacific, the Middle East and Africa as well as the rest of the world. Supply chain related constraints are set to be a key growth factor for businesses active in the fresh herbs space. The market across North America is segmented into the United States, Mexico, Canada, and others. Regional markets in the fresh herbs sector across the European market are segmented into Germany, Italy, the United Kingdom, and France. The market in the APAC region is segmented into India, China, Japan, and others. Fresh herbs based businesses across the world will be supported by the growing demand for innovative products during the forecast period 2018 to 2025. However, the growth could be hindered by the low demand from developing countries. The market is also segmented into the Middle East and Africa regions among others.
Competitive Landscape
Fresh herbs based companies have been studied and profiled in the market research report. The fresh herbs market along with its segments and key players has been studied. Fresh herbs business analysis is done to identify competitors and their strategies. The global fresh herbs market research report covers core values, strengths and other key factors about fresh herbs related companies. Competitors to help comprehend their mission, vision, core values, niche market, strengths, and weaknesses. Favorable policies across regional markets is set to help the market during the forecast period 2018 to 2025. The market is anticipated to reach a higher valuation of US$1,183.2 million with a CAGR of 3.9%. However, the fluctuating raw material prices will prove to be affecting the fresh herbs market growth.
Industry News
Tim West well and Sebastian Pole formed Pukka Herbs Ltd in 2001. Pukka's health and wellbeing philosophy revolves around benefiting humans, animals, and the environment, with 100 percent certified, sustainable, and responsibly produced products. This is in direct alignment with Unilever's own clean living strategy. The innovative British company has a revenue of more than £30 million and is rising at a rate of about 30%. It is now increasingly expanding in Europe and the United States. Pukka is the fastest growing global organic tea firm, as per Euromonitor 2016. The herbal, fruit, and green tea industry is currently worth €1.6 billion, and recent projections show that it will continue to rise in value globally throughout the future.
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