The Asia Pacific Cumin Ingredient Market would witness market growth of 4.4% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 19,140.86 Tonnes, showcasing a growth of 3.9% (2019-2022).
Cumin is a versatile ingredient that can add depth and richness to various dishes served in a dining room setting. In the context of dining room applications, cumin is commonly used in a wide range of cuisines, including Indian, Middle Eastern, Mexican, and North African. One of the popular dining room applications of cumin is in soups and stews. Its warm and earthy flavor enhances the broth and complements the vegetables, meats, or legumes used in these dishes. Thus, the Dining rooms in China accounted for 3,819.86 tonnes of volume in 2022.
The China market dominated the Asia Pacific Cumin Ingredient Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $167.5 Million by 2030. The India market is registering a CAGR of 4.8% during (2023 - 2030). Additionally, The Japan market would showcase a CAGR of 3.4% during (2023 - 2030).
Essential oil extracted from cumin seeds is valued in the fragrance industry for its warm, spicy aroma. Cumin essential oil is used in perfumes, colognes, and aromatherapy products, adding a distinctive fragrance to personal care and home fragrance formulations. Cumin's rich flavor profile makes it a popular choice for flavor enhancers and seasonings in processed foods, snacks, and condiments.
Cold-pressed cumin seed oil's moisturizing and nourishing qualities make it an essential component in cosmetic and personal care products. It is commonly found in skincare formulations such as lotions, creams, and serums, where it helps hydrate the skin and improve its texture. Cumin essential oil is an aromatic additive in soaps, shampoos, and hair care products, imparting these formulations a warm and spicy fragrance. Its aromatic properties make it popular for natural and botanical-inspired personal care products.
Australia has experienced steady economic growth, leading to rising disposable incomes among consumers. As disposable income levels rise, consumers in Australia exhibit a growing appetite for premium and high-quality food products. Australia's multicultural population and diverse culinary landscape contribute to the popularity of ethnic and global cuisines, which often incorporate cumin as a key spice. Health-conscious consumers in Australia prioritize nutritious and natural ingredients in their diets, seeking out spices like cumin for their potential health benefits. Australia's gourmet and specialty food industry growth presents opportunities for cumin ingredient suppliers to target affluent consumers seeking premium culinary experiences. The Organization for Economic Cooperation and Development (OECD) estimates that Australia's average household net wealth is USD 528,768, higher than the OECD average of USD 323,960. Therefore, due to the above-mentioned factors, the cumin ingredient market will grow significantly in this region.
Free Valuable Insights: The Global Cumin Ingredient Market is Predict to reach $ 1.5 Billion by 2030, at a CAGR of 4.0%
Based on Type, the market is segmented into Powder and Oil. Based on Application, the market is segmented into Dining Room, Barbecue Stand and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
By Type (Volume, Tonnes, USD Billion, 2019-2030)
By Application (Volume, Tonnes, USD Billion, 2019-2030)
By Country (Volume, Tonnes, USD Billion, 2019-2030)
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