The global market for Medicinal Spices is expected to grow at a significant CAGR during the forecast period (2021-2027). Medicinal spices are medicinal solutions that employ plant components and are made up of a variety of plant parts such as flowers, roots, seeds, leaves, oil, and bark. This has been used as a cure for numerous illnesses since ancient times. Medicinal spices are now available in the form of powders, capsules, pills, and syrups, as well as plant extracts, due to the new creative technologies.

The global medicinal spices market is being driven by rising customer demand for traditional medicines and the fact that they have fewer adverse effects when compared to other types of medications when used for a longer period. The global medicinal spices market is influenced by increased use of these medicines in the form of cosmeceuticals, health supplements, nutritive jams, medicinal tea, and other products, as well as the high use of medicinal spices in a wide range of applications and an increase in the number of research and development activities.

Seasonings and spices have a variety of health and therapeutic properties. Spices enhance the taste and flavour of meals while also benefiting human health in a variety of ways. The bulk of the spices have antiviral and antibacterial capabilities, as well as trace amounts of vitamins and minerals. Spices provide a wide range of health advantages, including high antioxidant value, blood sugar and diabetes decrease, and skin and brain health enhancement. Garlic has a strong chemical called allicin that helps to prevent heart disease and cancer cell development. These factors are expected to drive market growth during the forecast period.

Furthermore, the surge in the popularity of cumin that aids in weight reduction has coincided with the rise in the diabetic population. It is beneficial in lowering cholesterol levels in the blood. Due to increased consumer knowledge of the health advantages of herbs/spices, the market for spices has seen an increase in consumption driving the market growth globally.

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered 

o By Type 

o By Form 

o By Medicinal Properties 

• Regions Covered

o North America

o Europe

o Asia-Pacific

o Rest of the world

• Competitive Landscape: Able Agro International (India), SOAP (Sapthsathi Medicinal Agriculture Project) (India), Frontier Natural Products Co-op (U.S), Sun Impex (Netherland), Earthen Delight (India).

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominates the market in base year?
• Which segment and region will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Medicinal Spices Market by Segments

By Type

• Turmeric
• Chilli
• Pepper
• Cumin
• Garlic
• Ginger
• Clove
• Cinnamon
• Nutmeg

By Form  

• Seeds
• Whole
• Ground/Powder
• Crushed/Chopped
• Roots
• Minced
• Flakes

By Medicinal Properties

• Anti-Flatulent
• Anti-Emetic
• Diuretic
• Anti-Microbial
• Anti-Bacterial
• Antispasmodic

Global Medicinal Spices Market by Region