LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global organic spices market report until 2021. This research report also lists five other prominent vendors that are expected to impact the market during the forecast period.
The demand for turmeric, especially organic turmeric, and certain other spices has increased rapidly. This is due to increased awareness about the several health benefits of organic turmeric. Organic turmeric is found to be more healthy and rich in taste than regular turmeric. Same is the case for organic ginger, which is also reporting a high demand.
Competitive vendor landscape
The market for organic spices is still in its niche stage. There are just a few global and regional players of organic spices. Hence, there is still an enormous market potential for new entrants. New product innovations can establish a distinguished image in the market. ORGANIC SPICES and other big spice brands are focusing on increasing healthy competition by incorporating latest technology (such as, steam treatment) to produce premium quality products. This helps in maintaining the quality, food safety, and organic standards. Such practices help retain good customer base. Other vendors are trying to increase their global presence by different strategies.
Manjunath Reddy, an industry expert at Technavio for research on food, says, “Most of the vendors are into direct export business, there is an alternate option of operating through an overseas subsidiary or partnering with an overseas vendor. This option will decrease the production cost incurred and successfully bring down the cost of organic spices, which is a major concern for certain economies. In this way, the market and consumer base for the organic spices will achieve tremendous growth.”
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Top five organic spices market vendors
Earthen Delight is one of the leading producers of organic foods. It exports its products to many countries in Asia and Europe. The company offers a range of organic pulses, essential oils, spices, herbs, oilseeds. The company uses ancient techniques along with latest inventions and developments in organic farming. The company is certified by National Organic Program (NOP) that is accredited by the USDA.
Frontier Natural Products
Frontier Natural Products offers different products like herbs, teas, spices, seasonings, dried vegetables, cooking and baking ingredients, and others. The company focuses on providing premium natural products to its customers. Most of its products are sold through specialty stores and natural care product stores. It also sells products through online channels.
ORGANIC SPICES is one of the largest manufacturers of organic spices, herbs, oleoresins, extracts, and other organic products. The company specializes in steam and dry heat treatments of spices. The company has a consumer brand named SPICELY whose products are sold in different mega stores such as, Whole Foods. The company deals in the organic food, pharmaceutical, aromatherapy, cosmetics businesses.
Rapid Organic produces organic spices, organic pulses, organic cereals, organic medicinal herbs, organic dry fruits, organic edible oils, organic sugar, organic jaggery, and several other organic products. The company has direct contracts with farmers who deliver authentic organic raw materials. The company maintains strong relations with its suppliers, farmers, and customers to keep the value chain intact.
Sapthsathi Organic Agriculture Project (S.O.A.P.)
SOAP is basically an export-oriented firm of organic products. The company not just manufactures but also produces and trades organic products in bulk quantities. The company aims at producing premium quality products that are in accordance with the standards set up by international and national food safety regulatory bodies. The company focuses on incorporating the latest modern practices to improve its production yield.
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