Parsley Market Size, Share, Growth, And Industry Analysis, By Type (Fresh Parsley, Dry Parsley), By Application (Online, Offline), Regional Insights, and Forecast To 2032

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Parsley Market Report Overview

The global parsley market size was USD 5.79 billion in 2023 and the market is projected to touch USD 9.05 billion by 2032 at a CAGR of 5.09% during the forecast period.

Parsley is a biennial herb of the Apiaceae family, also known as Petroselinum crispum. It has curly and flat leaves that can be green or white or purple. Parsley, botanically known as Petroselinum crispum, is a species of flowering plant in the Apiacaceae family. He is from Southern Europe and Western Asia.

Increasing awareness of the medicinal benefits of spices and herbs and increasing number of people cooking at home have been cited as factors contributing to the growth of this market. In addition, the market has been boosted by the increasing willingness of buyers to pay higher prices for new and ethnic flavors. Local cuisines have gained international recognition thanks to their flavors, which are also the driving force for growth.

COVID-19 Impact: COVID-19 pandemic posed positive effect on health hence positively affected the market growth

The COVID-19 pandemic has been unprecedented and staggering, with the parsley market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The outbreak of the COVID-19 pandemic forced the governments of several European countries to impose restrictions. The pandemic has had a positive health impact on consumption of health and wellness foods, especially organic herbs (e.g. organic parsley) across the region in 2020 and 2021.

Latest Trends

"Growing demand for parsley oil is supporting the growth of the market "

Due to the favorable environment, the demand for parsley seeds was previously limited mainly to the eastern regions of the world; however, its demand is now increasing in all major regional markets as the demand for organic ingredients increases. Parsley seeds are widely used to extract parsley oil. The growing demand for parsley oil from producers increases the demand for parsley seeds. The growing demand for parsley oil is due to its anti-inflammatory and antimicrobial properties. Increasing research into the medicinal benefits of parsley seeds and oils also increases the growth potential of the industry. The use of permaculture in the production of parsley is an important trend in the market. Permaculture is becoming a popular concept due to its emphasis on sustainable and self-sufficient farming practices. Permaculture is a fundamental concept that can be used to design and manage agricultural practices that can lead to a sustainable future. Herbs such as parsley are suitable plants and ideal for permaculture.

Parsley MarketSegmentation

• By Type

According to type, the market can be segmented into Fresh Parsley, Dry Parsley. Fresh Parsley is anticipated to be the leading segment.

• By Application

Based on application, the market can be divided into Online, Offline. Online will be dominating segment.

Driving Factors

"Growing demand for fresh herbs will significantly boost market growth"

Organic and fresh farming practices are gaining popularity worldwide. That's why many parsley producers are switching to organic farming. With the growing trend of healthy eating, the demand for fresh herbs such as coriander, basil, parsley, chives and mint is increasing. Many consumers have started looking for naturally produced herbs that are not exposed to harmful chemicals and fertilizers. Consuming fresh organic parsley is thought to help reduce the risk of heart disease and other chronic diseases. Therefore, this trend will help the global parsley market to grow in the coming years.

"Improvements in packaging will significantly boost market growth "

Ensuring reliable quality and safety is key for packaged parsley. To increase the marketability of their products, parsley producers have focused on cutting-edge materials and packaging techniques. For example, using a vertical form fill closure (VFFS) to pack parsley reduces overall time and is cost effective. With this technique, various parsley products can be packed in a relatively short time. The cushion packaging provides a clear overview of the product and keeps it fresh. Consumers usually choose these packages for aesthetic reasons only. As a result, this creative packaging increases the visibility of parsley products in retail stores such as supermarkets and hypermarkets and increases parsley sales. This will lead to the global parsley market growth during the forecast period.

Restraining Factors

"Excessive use of fertilizers and pesticides and harmful chemicals restrict the market growth"

Pollution due to excessive use of fertilizers and pesticides is the biggest challenge restraining the growth of the market. Parsley is exposed to chemicals during the production process. These harmful chemicals are absorbed in the parsley leaves and cannot be removed even after washing with water. Due to excessive use of chemicals, the use of parsley in food and beverages may decrease. There are not many organic pesticides available that are safe to use. That is why many producers use inorganic fertilizers. Unhealthy or overfertile soil can also harm the final product. Besides the plant, these chemicals also harm the environment. Every year, much of the parsley produced is wasted due to contamination from the harsh chemicals used to grow it.

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Parsley Market Regional Insights

"Growth of Parsley Seed Industry in the Asia Pacific to Support Global Market Growth "

The Middle East and Africa provide a lucrative market for parsley seeds as the Asia-Pacific parsley market becomes mature. In the coming years, market growth in the Asia Pacific is expected to be stable due to a favorable environment and a thriving agriculture and export sector. The largest contribution was made by Asia Pacific with the largest parsley market share in 2022. The increase in the consumption of spices in the region is also due to the increase in disposable income, the rise of several domestic spices and herb brands, and the rise of marketing and promotional activities. Most spices and herbs are grown in countries such as India, Vietnam, China and Thailand, making the Asia-Pacific region one of the world's largest exporters. The globalization of the market and the phenomenon of migration have contributed to the change in the eating habits of consumers, which has opened up new opportunities for food companies to add different spices to their food.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios. Key industry players in the antacid tablet market have a significant impact on market dynamics. These companies are at the forefront of research and development, consistently introducing innovative formulations and product variations. Their focus on convenience and effectiveness sets industry standards and influences market growth.

List of Top Parsley Companies

• Universal Corp (U.S.)
• McCormick & Co. Inc. (U.S.)
• Frontier Co-op (U.S.)
• Swanson Health Products Inc. (U.S.)
• Badia Spices Inc. (U.S.)
• Schwabe Group (Germany)
• B&G Foods Inc. (U.S.)
• The Kroger Co. (U.S.)
• Camstar Herbs (U.K.)
• AgriFutures Australia (Australia)

Report Coverage

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.