The nutmeg market is forecasted to grow by USD 617.26 mn during 2023-2028, accelerating at a CAGR of 5.82% during the forecast period. The report on the nutmeg market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for nutmeg essential oil, growing interest in ethnic and international cooking, and practicing sustainable sourcing in nutmeg industry.
Technavio's nutmeg market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
4.88%
CAGR
5.82%
Incremental Value
$617.26mn
By Application
Food industry
Pharmaceutical and cosmetic industry
By Distribution Channel
Offline
Online
By Geographical Landscape
APAC
North America
Europe
South America
Middle East and Africa
This study identifies the growing awareness of medical uses of nutmeg as one of the prime reasons driving the nutmeg market growth during the next few years. Also, growth in e-commerce sector and increasing strategic acquisitions among major players will lead to sizable demand in the market.
The report on the nutmeg market covers the following areas:
Nutmeg market sizing
Nutmeg market forecast
Nutmeg market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading nutmeg market vendors that include Aayurmed Organic Herbals LLP, AOS Products Pvt. Ltd., Blossom Kochhar Beauty Products Pvt. Ltd., BMV Fragrances Pvt. Ltd., Earthon Products Pvt Ltd, Eastmade Spices and Herbs Pvt. Ltd., Ernesto Ventos SA, Fruitomans, Keya Foods, McCormick and Co. Inc., Meraki Essentials, Nat Habit, NATURALIS, P. C. Kannan and Co., Plant Lipids, Punnathanam Nutmeg, ROYAL SPICES, Shyam Dhani Industries Pvt Ltd., Sri Dhanalakshmi Industries, and Olam Group Ltd.. Also, the nutmeg market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
4 Historic Market Size
4.1 Global nutmeg market 2018 - 2022
4.2 Application Segment Analysis 2018 - 2022
4.3 Distribution Channel Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Application
6.1 Market segments
6.2 Comparison by Application
6.3 Food industry - Market size and forecast 2023-2028
6.4 Pharmaceutical and cosmetic industry - Market size and forecast 2023-2028
6.5 Market opportunity by Application
7 Market Segmentation by Distribution Channel
7.1 Market segments
7.2 Comparison by Distribution Channel
7.3 Offline - Market size and forecast 2023-2028
7.4 Online - Market size and forecast 2023-2028
7.5 Market opportunity by Distribution Channel
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
9.4 North America - Market size and forecast 2023-2028
9.5 Europe - Market size and forecast 2023-2028
9.6 South America - Market size and forecast 2023-2028
9.7 Middle East and Africa - Market size and forecast 2023-2028
9.8 US - Market size and forecast 2023-2028
9.9 India - Market size and forecast 2023-2028
9.10 Indonesia - Market size and forecast 2023-2028