Asia-Pacific Spice and Herb Extracts Market 2017-2022: Increased Availabilty of International Cuisines in the Major Economies - Research and Markets

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02 Jun, 2017, 17:00 GMT

DUBLIN, June 2, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Asia-Pacific Spice and Herb Extracts Market - Growth, Trends, and Forecasts (2017 - 2022)" report to their offering.

In the Asia-Pacific region, the market for spice and herb extracts is thriving due to strong local demand. These extracts are relevant as food preservatives or shelf-life extension ingredients due to the tropical climate in most of the countries in the region.

The key drivers leading to the growth of the spice and herb extract markets are the increased availability of international cuisines in the major economies, shifting consumer focus towards natural products and increasing demand for convenience foods. Many companies, like Doehler, are focusing on natural herb & spice extracts as they are becoming popular in every segment of the food and beverage industry and offer plenty of scope for new and attractive taste creations.

The spice and herb extract market is segmented by type, product type, and application. By type, spice and herb extracts are further segmented into celery, cumin, chili, coriander, cardamom, oregano, pepper, basil, ginger, thyme and other types of extracts. By product type, the market is sub-segmented into essential oils, seasonings, blends and others type of spice and herb extract based products. The major demand is for chilly and pepper extracts, which are mostly used in convenience and street foods.

Spice and herb extracts have their applications in the food, beverage and pharmaceutical industries. In the food segment, they are used in dairy, dressings and marinades, meat and poultry, snacks and others. In beverages, they are used in soft drinks, tea and herbal drinks, alcoholic beverages, and other applications. For example, herbal extracts are added to lassi, an Indian curd-based drink that is sold worldwide.

Market Dynamics

Drivers

  • Increased Availabilty of International Cuisines in the Major Economies.
  • Shifting Consumer Focus Towards Natural Products
  • Increasing Demand for Convenience Foods

Restraints

  • Inconsistencies in the Prices of Spices and Herbs
  • Availability of Substitute Products

Opportunities

  • Positive Prospects for Small and Medium-Sized Exporters by Adopting Sustainability Measures
  • Increasing Demand for Flavor Variation in the Food Products
  • Growing Number of Aging Population

Some of the major players capturing the spice and herb extract market include

  • Döhler GmbH
  • Synthite Industries Ltd.
  • Kalsec® Inc.
  • Naturex SA

Key Topics Covered:

1. Introduction

2. Research Approach & Methodology

3. Key Findings

4. Market Dynamics

5. Porter's Five Force Analysis

6. Market Segmentation

7. Competitive Landscape

8. Company Profiles

9. Appendix

Companies Mentioned

  • Arjuna Natural Extracts Limited
  • Bio-gen Extracts Pvt. Ltd.
  • Cosmark Pty Ltd.
  • Döhler GmbH
  • K.Patel Phyto Extractions Pvt. Ltd.
  • Kalsec® Inc.
  • Kangcare Bioindustry Co.,Ltd.
  • Kuber Impex Limited
  • Langdon Ingredients
  • Lehmann & Voss & Co.
  • McCormick & Company, Inc.
  • Nantong Sihai Plant Extracts Co., Ltd.
  • Nutra Green Biotechnology Co.,Ltd
  • Organic Herb Inc
  • Plant Extracts International Inc.
  • Sigma-Aldrich Corporation
  • Synthite Industries Ltd.
  • The Herbal Extract Company of Australia
  • Vidya Herbs Pvt Ltd
  • Xena Bio Herbals

For more information about this report visit http://www.researchandmarkets.com/research/9lqklc/asiapacific

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