Fresh Herbs Market size is set to grow by USD 1,794.28 million from 2022 to 2027, the growing popularity of fresh herbs boosts the market growth

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01 Jun, 2023, 17:45 ET

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NEW YORK, June 1, 2023 /PRNewswire/ -- The global fresh herbs market size is estimated to grow by USD 1,794.28 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 4.32%. The growth momentum will progress during the forecast period. APAC is estimated to account for 42% of the global market during the forecast period. The regional growth can be attributed partly to a growing interest in natural and traditional remedies and a growing awareness of the health benefits of herbs. Furthermore, countries such as China, India, and Japan have established systems of traditional medicine that rely heavily on the use of herbs. Additionally, the demand for herbs is driven by the growing popularity of natural and organic products along with traditional medicines. Hence, such factors drive regional growth in APAC for fresh herbs during the forecast period.

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What's New?

Fresh Herbs Market - Segmentation AssessmentSegment OverviewTechnavio has segmented the market based on type (basil, chives, parsley and oregano, and others), product type (conventional and organic), and geography (APAC, Europe, North America, Middle East and Africa, and South America).

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Fresh Herbs Market – Market DynamicsKey factor driving market growth

Leading trends influencing the market

Major challenges hindering the market growth

Insights on Market Drivers, trends, & Challenges, historical period(2017 to 2021), and forecast period(2023 to 2027)- Request a sample report!

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Fresh Herbs Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.32%

Market growth 2023-2027

USD 1,794.28 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.1

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 42%

Key countries

US, China, India, Germany, and UK, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Blue Hills and Co., Coolibah Herbs, Fresh Leaf Ltd., Green Earth Fresh Produce (P) Ltd. , Hermitage Produce, Herrmann herbs, Holla-Fresh Pty Ltd., Langmead Group, Living Herbs LLC, Maglio Companies, Nisarg Nirman Agro, Organic Herb Trading Ltd., Pacific Botanicals, RAR Sociedade de Controle Holding SA, Rocket Farms Inc., Shreenath Agro Tech Pvt. Ltd., Soli Organic Inc., Spisa Holding AB, Van Vugt Herbs BV, and AGROMEDITERRANEA HORTOFRUTICOLA SLU

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Type

7 Market Segmentation by Product Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com

SOURCE Technavio