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Home>Top 5 Vendors in the Global Organic Spices Market | Technavio

Top 5 Vendors in the Global Organic Spices Market | Technavio

Top 5 Vendors in the Global Organic Spices Market | Technavio

10/06/2017

Top 5 Vendors in the Global Organic Spices Market | Technavio

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.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171005005953/en/

Technavio has published a new report on the global organic spices market from 2017-2021. (Graphic: B ...

Technavio has published a new report on the global organic spices market from 2017-2021. (Graphic: Business Wire)

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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