Overview
For the last several years, the Fresh Herbs Market Size has seen continuous improvement and is projected to grow by US$1,183.2 million at a CAGR of 3.9% from 2018 to 2025. This study provides a comprehensive understanding of the current situation of the widespread fresh herb market and provides a historic spectrum of possible trends of the leading factors of the global fresh herb market, including demand, sales, output, foreign investment activities, trading volume parameters and the fiscal situation of the producers. An objective mixture of primary and secondary data, including feedback from leading industry stakeholders, was used to carry out this research. In addition to an overview of the market leaders, the report provides a detailed market and distribution landscape.
Market Segmentation
This study offers detailed import and export data with an emphasis on some firms (both distributors and suppliers), local consumers and overseas consumers in terms of units and price breakdowns. For further studies and analysis, the global market for fresh herbs has been segmented based on type by basil, salicornia chives, parsley, coriander, mint, and others.
Based on category the market is further segmented into conventional and organic categories. The global market for fresh herbs is also segmented into foodservice and food retail based on distribution channels.
The market is also segmented based on regions where active market players are present and conduct business operations. With a share of nearly 20% in 2018, basil sub segment dominated the global fresh herb market, the report confirms. In 2018, the conventional segment held the largest market and its lead is expected to be sustained throughout the forecast period 2018 - 2025. During the 2019 to 2025 forecast period, the food retail segment is estimated to record the highest growth rate (CAGR) of 4.2%.
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Regional Overview
Asia-Pacific, Europe, North America, and the rest of the world have been listed as the key regional markets for fresh herbs. In 2018, Asia-Pacific led the global demand for fresh herbs. From 2018 to 2025, the region is projected to expand by US$356,19 million. China is a major market at the regional level, leading to the development of the Asia-Pacific and global markets for fresh herbs. Due to the increasing demand for fresh edible herbs in the region, especially in Northern Europe, the European fresh herbs market is expected to register the highest compound annual growth rate during the forecast period 2019-2025. The North American market for fresh herbs has been further segmented into US, Canada, and Mexico. The European market for fresh herbs is classified as the UK, Spain, France, Italy, Germany, and the rest of Europe. In Asia-Pacific region, country level markets including India, Australia and New Zealand, Japan, China, and others have been analyzed and listed in the global fresh herbs market research report.
Competitive Landscape
Excessive demand for herbs such as holy basil, cilantro, bay leaf, and has resulted from the increasing influence of Asian food in North America And Europe. The inclusion of cross-cultural cooking styles and dietary practices is therefore a big boost to the expansion of the worldwide market for fresh herbs. Demand for imported fresh herbs are attributed to the growth of the retail market and the growing customer appetite for shopping trips in supermarket chains, department stores and online marketplaces.
Industry News
A supplier of natural and value-added fresh fruit and vegetables, Organto Foods Inc. today entered into an agreement of purchase of 100% of the shares outstanding of a privately operated Dutch company, Fresh Organic Choice BV. The latter is a supplier of a broad variety of fresh cut organic herbs across the year, sold under the label Fresh Organic Choice, with distribution across Europe.
