Market Trends of Asia-Pacific Spice and Herb Extracts Industry
This section covers the major market trends shaping the APAC Spice & Herb Extracts Market according to our research experts:
Rising Demand due to Popularity of Western Cuisine
With western foods becoming increasingly accessible and mainstream, consumers are developing an appetite for new and exciting spices and seasonings. Reasons for this increase in western cuisine include the growing multicultural population and the fact that people are traveling more and more to exotic destinations. As a result, the demand for spices, herbs, and seasonings used in exotic cuisine is also growing. This growing demand for western food in Asia-Pacific had led to significant growth in the Asian region's imports of spices, herbs, and seasonings from developing countries, which, in turn, is boosting the growth of western cuisines in the region.
Growing Demand for Organic Food with Organic Ingredients
The major driving factor of the global spices and seasonings market is the growing middle-class population, increasing awareness among end users regarding health, and increased usage of spices as natural preservatives. Moreover, the rapid increase in demand for healthy and nutrition-rich foods from the health-conscious young population globally has broadened the consumer base of this segment of organic food products.
