PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1617213
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1617213
According to Stratistics MRC, the Global Cumin Ingredient Market is accounted for $1.46 billion in 2024 and is expected to reach $2.09 billion by 2030 growing at a CAGR of 6.1% during the forecast period. Cumin, a popular spice derived from the dried seeds of the Cuminum cyminum plant, is widely used in cooking for its distinct, earthy, and slightly nutty flavour. It is an important ingredient in many international cuisines, especially in Middle Eastern, Mexican, Indian, and Mediterranean dishes. In addition to its culinary uses, cumin is prized for its possible health advantages, which include promoting immunity, reducing inflammation, and assisting with digestion.
According to a study published in the International Journal of Food Sciences and Nutrition, cumin seeds provide approximately 18-20% protein, which contributes to its nutritional value and health benefits.
Increasing spice demand in international cuisines
Cumin plays a crucial role in traditional cooking across diverse regions such as India, the Middle East, and Latin America. Cumin is becoming a mainstay in many spice blends as consumers embrace international flavors as a result of the evolution of global culinary experiences. Cumin consumption is rising dramatically as a result of this trend toward experimenting with different cuisines, particularly in the Western world. Additionally, the popularity of the spice is not just found in home kitchens; it is also frequently used to improve flavor profiles in the food service and hospitality industries.
Fluctuation of cumin prices
The weather, crop yields, and supply chain interruptions all have a significant impact on cumin prices. Unfavorable weather events, like droughts or floods, can have a big impact on cumin crop production and raise prices. This price volatility can impact both producers and consumers and upset the market's equilibrium. Furthermore, because the market is dependent on particular regions for cumin production, such as Iran, Syria, and India, it is vulnerable to natural disasters and geopolitical unrest, which can exacerbate price volatility.
Growth of clean label and organic products
Demand for natural, organic, and clean-label products is rising as consumers health concerns increase. Since cumin is a natural ingredient with well-established health benefits, it fits in nicely with this trend. Manufacturers who concentrate on organic cumin and clean-label goods can capitalize on the expanding market of consumers who are concerned about their health and the environment, especially in North America and Europe, where there is a sharp increase in demand for organic spices. Moreover, this expanding market could also be served by adding cumin to organic spice blends or health food items.
Geopolitical unrest in important developing areas
The majority of cumin is grown in nations that frequently experience political unrest and conflict, such as Iran, Syria, and India. The cumin supply chain may be disrupted by trade restrictions, civil unrest, and tensions, which could result in price increases, shortages, and uncertain supply. For instance, cumin's production and export have been severely impacted by the ongoing conflicts in Syria, which has limited its supply on the international market. Additionally, these geopolitical risks have the potential to affect market stability by interfering with both international trade and production.
Due to the disruption of the supply chain and its effects on production and distribution, the COVID-19 pandemic had a major effect on the market for cumin ingredients. Due to planting and harvesting delays brought on by lockdowns and restrictions in important cumin-producing regions like India and Iran, cumin production and availability have decreased overall. Cumin's transportation to international markets was hampered by logistical difficulties, labor shortages, and border closures. Furthermore, during the pandemic, consumer demand changed, shifting toward necessities and health-related products, which changed how much cumin and other spices were bought. The demand for cumin in packaged foods and health supplements, however, started to rebound as regulations relaxed and internet sales increased, particularly as consumers shifted to plant-based and immune-boosting foods.
The Whole Cumin Seeds segment is expected to be the largest during the forecast period
The whole cumin seed segment is projected to have the largest market share in the cumin ingredient market. This is because cumin, especially in the food and beverage industry, is most often used in the form of whole cumin seeds. For culinary purposes, whole cumin seeds are preferred over ground or oleoresin forms because they retain their essential oils and flavors longer. Many different cuisines use them, but they are particularly common in Middle Eastern, Indian, and Latin American dishes. Moreover, for optimal flavor, they are ground or roasted at the point of use. In the retail spice market, where consumers favor purchasing whole spices due to their freshness and extended shelf life, whole cumin seeds are also well-liked.
The Nutraceuticals segment is expected to have the highest CAGR during the forecast period
The market for cumin ingredients is anticipated to grow at the highest CAGR in the nutraceuticals segment. Growing consumer demand for dietary supplements and functional foods that provide health advantages beyond basic nourishment is fueling this expansion. Cumin fits in nicely with this trend because of its well-known therapeutic benefits, which include improving metabolism, regulating blood sugar levels, and aiding in digestion. Additionally, the need for natural, plant-based ingredients like cumin in nutraceuticals is growing as consumers grow more health conscious, especially in North America and Europe.
The market for cumin ingredients is anticipated to be dominated by the Asia-Pacific (APAC) region, mainly due to India, the world's largest producer and exporter of cumin. Over 70% of the world's cumin is produced in India, where states like Gujarat and Rajasthan are major producers. The widespread use of cumin in traditional cuisines, especially in Indian, Middle Eastern, and Southeast Asian dishes, contributes to the region's dominance. Furthermore, cumin consumption in the area has increased due to the rising consumer demand for health-related products, such as organic spices and nutraceuticals. Health-conscious consumers and growing knowledge of cumin's functional benefits are also helping the APAC market.
In the market for cumin ingredients, the North American region is anticipated to grow at the highest CAGR. A major factor driving this growth is the rising demand for natural and organic ingredients in foods, drinks, and nutraceuticals. Growing health consciousness among consumers in the United States and Canada has led them to seek out functional foods that offer health benefits like better digestion, metabolism, and immune support-all of which cumin offers. Moreover, the demand for cumin is being driven by the growing popularity of ethnic cuisines, such as Middle Eastern and Indian, in both retail and foodservice channels.
Key players in the market
Some of the key players in Cumin Ingredient market include Young Living Essential Oils LLC, EVEREST Food Products Pvt. Ltd., Aashvi Corporation, Terra Inc, NOW Health Group, Inc., Starwest Botanicals, Inc, Essential Oils Company, Hindustan Mint & Agro Products Pvt. Ltd, McCormick & Company Inc, Bart Ingredients Company Ltd., AOS Products Pvt. Ltd., Phoenix Herb Company, Sauer Brands Inc. and Madagascar Spices Company.
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