Global Nutmeg Industry Report: Analysis and Forecast 2022-2027
Global Nutmeg Industry Report: Analysis and Forecast 2022-2027 Nutmeg Industry Report by Regional Category Spend, Price Analysis, Key Demand and Price Indicators, and Best Buying Practices The global nutmeg market reached a value of about 130 thousand tonnes in 2021. The industry is further expected to grow at a CAGR of about 6% in the forecast period of 2022-2027 to reach a value of around 180 thousand tonnes by 2027. The prices of nutmeg in 2021-2022 are expected to be affected as the price of nutmeg and mace has risen significantly due to a scarcity of the product on the market, including several other difficulties that have encouraged farmers to expect higher prices. The key demand indicator in the industry report is the highest category spender by region - Asia Pacific. Nutmeg: Industry Definition and Segmentation Scope Nutmeg is the seed or ground spice of several Myristica species. Myristica fragrans (fragrant nutmeg or true nutmeg) is a dark-leaved evergreen tree used t...