Billion Dollar Parsley Market Analysis | APAC to Dominate Market Growth through 2023-2027
Parsley Market is estimated to exhibit growth at a CAGR of 4.84% between 2022 and 2027, followed by revenue growth of USD 1.19 Bn. The increasing prominence of private-label brands, improvements in packaging, and growth of the organized retail sector are generating market growth across the world transforming it into a billion dollar sector.
Technavio has been monitoring the growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
Fastest growing Topography of the Parsley Market
Europe to lead the global Parsley Market: 34% of the growth of the global market during the forecast period will originate from APAC during the forecast period. Europe is another region that will be offering significant growth opportunities as the parsley market is growing moderately, specifically in countries like Germany, the Netherlands, Italy, the UK, and others. The rising use of parsley as a taste and aroma ingredient in varieties of food and beverage products, such as sauces, chutneys, condiments, and seasonings, has increased the consumption of condiments in the region. Our report provides an accurate prediction of the contribution of all the geographic segments to the growth of the parsley market market size.
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When it comes to the competitive analysis of the Parsley Market AgriFutures Australia, Aum Agri Freeze Foods, B and G Foods Inc., Badia Spices Inc., Camstar Herbs Ltd., Frontier Co. op, Geo Fresh Organic, GreenDNA India Pvt. Ltd., Kroger Co., Litehouse Inc., McCormick and Co. Inc., Morton and Bassett, Naturevibe Botanicals, NOMU Brands Pty Ltd., O IJA, Pereg Gourmet Spices, Swanson Health Products Inc., The Pahari Life, The Watkins Co., and Universal Parsley Indonesia are some of the major market participants.
Parsley Market: Key Highlights of the Report for 2023-2027