The dried herbs market encompasses a variety of herbs and plant materials that are dried for preservation. Popular dried herbs include oregano, parsley, basil, garlic powder, onion flakes and others. They enhance flavor, aroma and taste in many dishes. Dried herbs are usually sold in powdered or crushed form for easy use in cooking. They provide bursts of fresh herb flavors without the need to chop fresh herbs. Dried herbs have an extended shelf life compared to fresh herbs. Their convenience of use and long shelf life have increased their adoption in home cooking as well as commercial food production.
The Global Dried Herbs Market is estimated to be valued at US$ 5.65 Bn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the dried herbs market are Mevive International, All-Season Herbs Pvt. Ltd., British Pepper & Spice Company, McCormick and Company, Inc., DF World of Spices GmbH, Koninklijke Euroma BV, Paulig Group, Olam International, Kräuter Mix GmbH, RAMÓN SABATER S.A.U., Naturalin, Husarich GmbH, Royal Spices, Elite Spice, U.S. Spice Mills Inc., Verstegen Spices & Sauces B.V., Aum Agri Freeze Foods, Aadhunik Ayurveda, Flex Foods, and Saipro Biotech Private Limited. Growing demand for authentic ethnic cuisines and natural ingredients in food propels the market. Advancements in drying technologies have enhanced the Dried Herbs Market Trends preservation capabilities and delivery of vibrant herb flavors.
Market trends
There is a rising demand for organic dried herbs as consumers focus on clean label products. Various herbs are now marketed in innovative packaging formats with easy-open caps and pour spouts for convenience. Blends of dried herbs are also gaining popularity as they make dishes more flavorsome with just one ingredient.
Market Opportunities
The market has an opportunity to expand in Asia Pacific and Middle East regions owing to increasing spending capacities and evolving food habits. Launching heritage herb varieties can capture novel demand. Developing multifunctional herb blends with health-promoting properties will attract health-conscious consumers.
Impact of COVID-19 on Dried Herbs Market
The COVID-19 pandemic has impacted the growth of the dried herbs market. During the lockdowns imposed globally, the demand and sales of dried herbs increased significantly as people were cooking more at home. The pandemic led to disruptions in the supply chain and logistics initially. Transportation restrictions and lack of workforce impacted harvesting and processing of dried herbs. This led to short-term shortages and increased the prices of dried herbs in the beginning of 2020.
However, as lockdowns eased, companies adapted their operations and supply chains to the new normal. They focused on restoring harvests, improving local sourcing, and streamlining distribution networks. The demand further increased as consumers became more health-conscious and looked for immunity-boosting foods like dried herbs. Companies also expanded their e-commerce platforms to cater to the growing online demand. They ensured stable supplies and competitive pricing to tap into the rising health trends. The pandemic has accelerated the already growing demand for dried herbs and boosted the market in the long run. Companies will need to strengthen their supply chain resilience and focus on innovative product offerings to leverage post-COVID opportunities.
Europe is the largest regional market for dried herbs, accounting for over 30% of the global value share. Countries like Germany, Italy, France and the UK are among the major consumers given the popularity of herbs in local cuisines. North America ranks second, driven by increased awareness about the health benefits of herbs and changing consumer preferences towards natural ingredients. The Asia Pacific region is poised to be the fastest-growing market for dried herbs over the forecast period, supported by rising incomes, expansion of online retail, and growing health consciousness in countries like India and China.
The dried herbs market in India has seen exponential growth in recent years. Changing lifestyles, growing availability through modern trade channels, and increasing focus on local and organic products have boosted demand. Emerging cuisines incorporating herbs and government initiatives to promote cultivation are driving further market penetration. Companies are investing heavily in this high-potential market to cater to evolving consumers and capitalize on opportunities in natural seasonings and wellness segments.
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Health Benefits of Lycopene
One of the main health benefits of lycopene is its ability to reduce the risk of heart disease. numerous studies have found an association between higher intakes of lycopene-rich foods like tomatoes and lower risks of heart attacks and stroke. This is because lycopene is a powerful antioxidant that helps prevent oxidative damage and inflammation within the arteries and cardiovascular system. Oxidative stress and inflammation are key contributors to the development of atherosclerosis, which leads to heart attacks and strokes. By protecting LDL cholesterol from oxidation, lycopene helps prevent the accumulation of plaque in the arteries.
Research has also linked higher Tomato Lycopene intakes to a reduced risk of several types of cancer. Lycopene is especially protective against prostate cancer, but studies also point to potential benefits for cancers of the stomach, lungs, skin, and cervix. The antioxidant properties of lycopene help neutralize damaging free radicals that can otherwise damage cells and foster the growth and spread of cancerous tumors. Higher lycopene consumption has been associated with lower cancer risks.
Lycopene also exhibits anti-inflammatory properties and may be helpful for reducing inflammation throughout the body, including joint and muscle inflammation. Some research even ties lycopene to a lower risk of Alzheimer’s disease and cognitive decline, likely due to its antioxidant effects on neural health. Overall, lycopene packs a potent punch as an antioxidant supplement in the diet.
Sources and Absorption of Tomato Lycopene
Tomatoes, as well as tomato-based products like tomato sauce, ketchup, and tomato juice, are by far the best dietary sources of lycopene. A medium raw tomato contains about 2.5 mg of lycopene on average. However, lycopene is a fat-soluble nutrient that requires the presence of oils or fats in a meal to be well absorbed by the body. Cooking tomatoes, such as in sauces, or adding tomatoes to dishes containing olive oil or other plant oils, can actually help increase lycopene absorption compared to eating raw tomatoes alone. The heat processing helps break down the plant cell walls in tomatoes and allows lycopene to be more readily incorporated into fatty droplets that can then be absorbed in the gastrointestinal tract. As a result, cooked and processed tomato products often provide more usable lycopene than raw tomatoes do. Watermelon is also a good source, but contains much less lycopene than tomatoes. Supplements provide an easy and concentrated way to increase lycopene intake as well.
Production and Markets for Lycopene-Rich Foods
Taking into consideration the proven health benefits, lycopene-rich foods have grown to become a large and expanding market sector globally. Tomato paste, sauce, juice, and ketchup are huge commercial industries. Tomatoes are one of the most widely grown vegetable crops worldwide as a result. The United States, China, Turkey, India, and Italy are among the leading producers of tomatoes designated for industrial processing into products containing high lycopene levels. These product categories rake in multibillion-dollar annual revenues as more consumers seek convenient, health-promoting foods. Tomatoes’ status as a dietary staple and lycopene powerhouse assure their ongoing commercial success.
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Market Overview for Epoxidized Soybean Oil
Epoxidized soybean oil (ESBO) has seen steady market growth over the past decade as the plastics industry explores bio-based and sustainable alternatives to traditional petroleum-derived plasticizers and polymers. ESBO performs many of the same functions as phthalate plasticizers at a competitive price while offering a natural renewable resource profile.
Applications for ESBO in Plastics
One of the largest applications of ESBO is as a replacement for phthalate plasticizers in vinyl products like flooring, wall coverings and medical devices. The oil helps to improve flexibility and durability in PVC formulations. Epoxidized Soybean Oil is also utilized as a reactive diluent in unsaturated polyester and epoxy resin systems used to make fiberglass composites and coatings. It enhances the physical properties of the final products while reducing reliance on volatile organic compounds. More specialized uses include as a co-plasticizer and stabilizer additive for natural rubber and nitrile products in the automotive and construction industries.
Regulatory Push Driving Adoption
Increasing regulatory restrictions on phthalates in consumer goods and building materials have provided a significant incentive for materials producers to evaluate ESBO and other bio-based alternatives. Phthalates are known endocrine disruptors and several types have been banned from children’s toys and care products in jurisdictions worldwide. Manufacturers seeking to avoid regulatory risk and produce “green” formulations view ESBO favorably as a compliant drop-in replacement. Additional regulatory pressure on emissions from solvent-based products has further boosted demand for ESBO in water-based resin and coating systems.
Supply and Pricing Outlook
The US remains the dominant producer of epoxidized soybean oil, led by Cargill and Dow Chemical’s biodiesel facilities. However, expanding domestic production in China, India and other Asian markets in recent years has balanced global supply chains. Average ESBO prices over the past five years have fluctuated within a relatively narrow range compared to historical plasticizer feeds tocks like phthalates and adipates, providing cost stability. Supply is expected to keep pace with projected demand growth over the medium term given ample soybean oil availability and additional epoxidation plant capacity coming online.
New Applications on the Horizon
Research continues into utilizing epoxidized soybean oil as a sustainable building block for next-generation polymeric materials. Potential applications under investigation include 100% bio-based epoxy resins for composites and coatings, fatty acid-based polyols for flexible polyurethane foams, and plant-oil polyester thermosets for durable goods manufacturing. These novel “drop-in” materials could significantly broaden ESBO market reach within plastics if commercialized. ESBO is also being evaluated as an emulsifier and stabilizer for waterborne paints and adhesives, benefiting from its surface active properties.
The combination of regulatory and sustainability factors is propelling epoxidized soybean oil to capture a growing share of traditional plasticizer and reactive diluent markets over the coming years. New applications in developmental areas like bio-based polymers also represent opportunities for future volume growth beyond current forecasts. Stable global supply chains ensure ESBO remains cost competitive against alternatives. Overall the outlook is positive as the material enables formulators to respond to demand for eco-friendly plastic solutions without compromising performance or significantly disrupting existing production infrastructure and workflows.
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The abaca fiber or Manila hemp is a soft, lustrous and strong fiber extracted from the abaca plant that finds numerous applications in paper, textile, construction and other industries due to its versatility and durability. Abaca fibers have higher tensile strength than cotton and silk fibers and are an ideal alternative to glass fibers. The abaca fiber is known for its high tear and burst strength making it an essential component in manufacturing ropes, carpets, rugs, currency notes, high-quality handmade papers and reinforcement material in construction. The Global Abaca Fiber Market is estimated to be valued at US$ 1,921.1 Mn in 2024 and is expected to exhibit a CAGR of 14.% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Abaca Fiber Market are Wigglesworth & Co. Limited., M.A.P. Enterprises, Yzen Handicraft Export Trading, Specialty Pulp Manufacturing, Inc. (SPMI), Chandra Prakash & Company, Ching Bee Trading Corporation, Peral Enterprises, Sellinrail International Trading Company, DGL Global Ventures LLC, and Terranova Papers. The rising demand for Abaca Fiber Market Demand from the paper industry is a significant market growth driver. The abaca fiber is used in manufacturing high-quality specialty papers including currency papers. Technological advancement in abaca fiber processing with new developments in extraction and spinning techniques are expanding the market potential of abaca fibers in specialty textiles and technical textiles.
Market Trends
One of the key trends witnessed in the market is growing replacement of synthetic fibers with abaca fibers in various end-use industries. Abaca fibers are increasingly replacing glass fibers in technical textiles and composites due to their high durability and sustainability. Another trend is the increasing application of abaca fibers in 3D printing filaments. Development of specialized abaca fiber-based filaments expand their use in additive manufacturing.
Market Opportunities
Rising application of abaca fibers in green construction is a major market opportunity. Abaca fibers used as reinforcement in cement, concrete help build sustainable and durable infrastructure. Another opportunity lies in leveraging abaca fiber’s low-cost production and processing to manufacture affordable yet high-quality alternative to paper pulp and viscose fibers.
Impact of COVID-19 on Abaca Fiber Market
The COVID-19 pandemic has significantly impacted the Abaca fiber market. With lockdowns imposed worldwide and travel restrictions in place, supply chains were disrupted heavily. As Abaca fibers are primarily exported from the Philippines, transportation of raw materials became challenging. With declining industrial activities, the demand from end use industries like pulp and paper, construction, and handicrafts also reduced sharply. This led to oversupply of Abaca fibers in 2020.
The Vietnamese Abaca fiber market is poised to be the fastest growing region during the forecast period. With suitable climatic conditions for Abaca cultivation, the government of Vietnam is undertaking various initiatives to promote Abaca farming and increase exports. It has announced incentives and subsidies for farmers as well as trade agreements with major importers like the EU and the US. As a result, Vietnam is rapidly emerging as a key supplier of Abaca fibers to cater to the growing demand from end users globally.
Geographic:
The Philippines accounts for the major share of the Abaca fiber market in terms of value. As the country is the largest producer and exporter of Abaca fibers in the world, it plays a pivotal role in the global supply chain. Abaca plants are extensively cultivated across Leyte, Samar, and other provinces of the Philippines, facilitated by the favorable tropical climate and soil conditions. The country meets over 95% of the global demand for Abaca fibers.
The blood glucose test strip market has witnessed significant growth over the past few years owing to the increasing prevalence of diabetes. Blood glucose test strips are used along with glucose meters to test and monitor blood glucose levels multiple times a day. Advancements in blood glucose strip technology have made self-monitoring of blood glucose more convenient with high precision and accuracy even with minimal blood samples. The strips are available as single-use disposable strips and refill packs. Key factors driving the increased demand for blood glucose test strips include growing geriatric population, obese population, increasing awareness about diabetes self-management and advancements in diabetic care practices.
The Global Blood Glucose Test Strip Market is estimated to be valued at US$ 12.33 Bn in 2024 and is expected to exhibit a CAGR of 7.9% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the blood glucose test strip market are BASF SE, SINOYQX, Puyang Green Yingli New Material Tech Co. Ltd, BEIJING GUOJIAN ANKE, ZHEJIANG LIN’AN YUNQING MELAMINE PLASTIC FOAM CO., PentaClick, Acoufelt, Clark Foam, Reilly Foam Corporation, Soundcoat, Festa. Over the past few years, these players have undertaken various organic and inorganic strategies such as new product launches, partnerships, and expansions to increase their market share and better serve the needs of customers.
The prevalence of diabetes is increasing rapidly across the world. According to CDC, Blood Glucose Test Strip Market Size around 10.5% of the US population has diabetes. Early detection and management of diabetes can help reduce complications. This is expected to drive the demand for blood glucose test strips for self-monitoring of glucose levels.
Technological advancements are being made to blood glucose test strips to improve accuracy, reduce pain, enable alternate site testing such as testing glucose from palms and forearm, integrate strips with smart devices and apps for easy monitoring of results. This is expected to further increase adoption and drive market growth.
Market trends:
Increasing demand for self-monitoring of blood glucose: Convenient and easy to use blood glucose monitoring devices and test strips are witnessing high demand for self-monitoring of blood glucose levels, especially for managing diabetes.
Integration with smart devices and apps: Major players are focusing on integrating blood glucose test strips and meters with smartphones and apps to simplify monitoring and management of glucose levels. Data can be tracked over time for better control.
Market Opportunities:
Emerging markets: Emerging countries are expected to provide high growth opportunities for blood glucose test strips due to increasing diabetes prevalence and growing healthcare expenditures.
Alternative site testing: Advancements towards alternate site testing without needing finger-prick blood samples will drive the market. Testing from palms, forearms etc will increase user convenience and compliance.
Impact of COVID-19 on Blood Glucose Test Strip Market Growth
The outbreak of the COVID-19 pandemic had a profound impact on the blood glucose test strip market. During the initial outbreak and lockdown phases, people with diabetes faced difficulties in regularly monitoring their blood sugar levels and accessing test strips due to supply chain disruptions. The demand for test strips increased sharply as people stockpiled supplies. However, manufacturing and distribution was impacted due to restrictions. This led to shortages of test strips in the initial months, limiting people’s ability to effectively self-manage their condition. With lockdowns and social distancing measures in place, access to healthcare facilities was also limited. People had to rely more on self-testing kits and remote consultation with physicians for treatment management.
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