But herbs are not only produced for culinary use; they are also cultivated and used for medicinal purposes. Moreover, herbs are often included in the manufacture of perfumes, cosmetics and even dyes, to name a few. The popularity of herbs has increased globally and is expected to continue this upward trend in future.
Herbs for culinary use are sold fresh and processed. Herbs are also sold as live plants for home gardeners who favour the garden-to-table trend. This article focuses on fresh and processed herbs for culinary use.
Global market growth
The global seasonings and spices market, which includes herbs, is expected to reach $20,46 billion by 2025, according to a 2019 report by Grand View Research. This represents a compound annual growth rate (CAGR) of 3,9% for the forecast period.
The global demand for herbs is expected to reach $6,75 billion by 2025.
The report highlights several drivers behind the growth of this segment, among others that the taste preference of consumers is changing to include authentic cuisines and this, along with rising disposable income and a large supply, ensures that market growth keeps escalating.
You can read up to 3 premium stories before you subscribe to Magzter GOLD
Log in, if you are already a subscriber
Get unlimited access to thousands of curated premium stories and 5,000+ magazines
READ THE ENTIRE ISSUE