Consumers have gained a greater appetite for the Herb and Spice Processing industry's products over the past five years. While many of the industry's products are staple items, consumers have demonstrated an inclination to experiment more with their food. The introduction of popular TV shows and a general consumer willingness to produce higher quality food has driven the industry's revenue growth. However, the presence of large-scale supermarkets with strong market power has driven down prices and kept revenue growth in check. Industry revenue is forecast to be worth $218.1 million in 2014-15, following compound annual growth of 2.0% over the past five years.
Industry operators process and package herbs and spices for use in food production, hospitality and home cooking. The industry does not include fresh herbs and spices.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.