“Global Cumin Ingredient Market to reach a market value of USD 1.5 Billion by 2030 growing at a CAGR of 4.0%”
The Global Cumin Ingredient Market size is expected to reach $1.5 billion by 2030, rising at a market growth of 4.0% CAGR during the forecast period. In the year 2022, the market attained a volume of 48,649.61 Tonnes experiencing a growth of 3.6% (2019-2022).
North America's multicultural landscape has led to a greater appreciation for diverse cuisines from around the world. Cumin, a staple in cuisines such as Indian, Mexican, Middle Eastern, and North African, has gained traction in North American kitchens as consumers seek authentic and flavorful dishes. Consequently, the North American region would acquire nearly, 20% of the total market share by 2030. Also, Canada is expected to consume a total of 2,558.09 tonnes of this ingredient by 2030. The growing popularity of ethnic foods in North America has contributed to the rising demand for cumin.
Consumers increasingly seek products with transparent and clean ingredient labels, free from artificial additives, preservatives, and synthetic flavors. Cumin is valued not only for its flavor but also for its potential health-promoting properties, including digestive support and antioxidant effects. Therefore, the market is expanding significantly due to the rising consumer preference for natural and authentic ingredients. Additionally, Consumers are frequently more inclined to invest in premium and specialty food items as their disposable income increases. Cumin, with its rich flavor profile and versatility, is often perceived as a premium ingredient, especially when sourced from specific regions known for their superior quality. Higher disposable income consumers are more inclined to buy premium cumin-based items. Thus, because of the higher level of disposable income, the market is anticipated to increase significantly.
However, Compliance with regulatory requirements, including food safety standards, labeling regulations, and import/export restrictions, often entails significant costs for ingredient suppliers. Regulatory compliance and trade barriers can limit the ability of the ingredient suppliers to explore new markets and expand their customer base. Thus, regulatory compliance and trade barriers can slow down the growth of the market.
Based on application, the market is classified into dining room, barbecue stand, and others. The barbecue stand segment acquired a 30% revenue share in the market in 2022. In terms of Volume, barbecue stand segment registered a Volume of 15,937.61 tonnes in 2022.the Barbecue sauces and rubs often incorporate cumin for its aromatic and flavorful profile. Cumin adds a distinctive smoky and savory note to barbecue sauces, enhancing their taste and appeal. The versatility of cumin in barbecue preparations makes it a sought-after ingredient among barbecue enthusiasts and stand operators.
By type, the market is categorized into powder and oil. The oil segment covered a 20% revenue share in the market in 2022. In terms of Volume, the oil segment covered a volume of 7805.3 Tonnes in 2022. Cumin oil is valued for its strong, warm, and spicy aroma, characteristic of the cumin spice. This aromatic profile makes cumin oil a sought-after ingredient in the fragrance industry, where it is used in perfumes, colognes, and aromatherapy products.
Free Valuable Insights: Global Cumin Ingredient Market size to reach USD 1.5 Billion by 2030
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region led the market by generating 45% highest revenue share. Indian cuisine, renowned for its bold flavors and aromatic spices, has profoundly influenced the culinary landscape of the Asia Pacific region. As Indian restaurants and food products gain popularity across Asia Pacific countries, the demand for cumin as a key ingredient in Indian-inspired dishes continues to rise.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 1.1 Billion |
| Market size forecast in 2030 | USD 1.5 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 4.0% from 2023 to 2030 |
| Quantitative Data | Volume in Tonnes, Revenue in USD Billion, and CAGR from 2019 to 2030 |
| Number of Pages | 219 |
| Number of Tables | 490 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Type, Application, Region |
| Country scope |
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| Companies Included | Starwest Botanicals, Inc. (Incline Management, L.P), McCormick & Company, Young Living Essential Oils LLC, Bart Ingredients Company Ltd., AOS Products Pvt. Ltd., The Spice House, Sauer Brands Inc., NOW Health Group, Inc., Hindustan Mint & Agro Products Pvt. Ltd and EVEREST Food Products Pvt. Ltd. |
By Type (Volume, Tonnes, USD Billion, 2019-2030)
By Application (Volume, Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Tonnes, USD Billion, 2019-2030)
The Market size is projected to reach USD $1.5 billion by 2030.
E-commerce and direct-to-consumer sales are driving the Market in coming years, however, Regulatory compliance and trade barriers restraints the growth of the Market.
Starwest Botanicals, Inc. (Incline Management, L.P), McCormick & Company, Young Living Essential Oils LLC, Bart Ingredients Company Ltd., AOS Products Pvt. Ltd., The Spice House, Sauer Brands Inc., NOW Health Group, Inc., Hindustan Mint & Agro Products Pvt. Ltd and EVEREST Food Products Pvt. Ltd.
In the year 2022, the market attained a volume of 48,649.61 Tonnes experiencing a growth of 3.6% (2019-2022).
The Powder segment led the Market, by Type in 2022; thereby, achieving a market value of $1.1 Billion by 2030.
The Asia Pacific region dominated the Market, by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $626.5 Million by 2030.
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