Cumin Ingredient Market

Global Cumin Ingredient Market Size, Share & Trends Analysis Report By Type (Powder and Oil), By Application (Dining Room, Barbecue Stand and Others), By Regional Outlook and Forecast, 2023 - 2030

Report Id: KBV-21342 Publication Date: March-2024 Number of Pages: 219
2022
USD 1.1 Billion
2030
USD 1.5 Billion
CAGR
4.0%
Historical Data
2019 to 2021

Market Report Description

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.

Cumin Ingredient Market Size - Global Opportunities and Trends Analysis Report 2019-2030

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.

Driving and Restraining Factors
Cumin Ingredient Market
  • Rising consumer preference for natural and authentic ingredients
  • Higher level of disposable income
  • E-commerce and direct-to-consumer sales
  • Regulatory compliance and trade barriers
  • High price volatility in cumin ingredient
  • Rising sustainability and ethical sourcing
  • Expansion of foodservice industry growth
  • Adverse impact of environmental sustainability
  • Quality control and contamination risks

By Application Analysis

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.

Cumin Ingredient Market Share and Industry Analysis Report 2022

By Type Analysis

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

By Regional Analysis

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.

Cumin Ingredient Market Report Coverage
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
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Australia, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
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.

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List of Key Companies Profiled

  • 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
  • EVEREST Food Products Pvt. Ltd.

Cumin Ingredient Market Report Segmentation

By Type (Volume, Tonnes, USD Billion, 2019-2030)

  • Powder
  • Oil

By Application (Volume, Tonnes, USD Billion, 2019-2030)

  • Dining Room
  • Barbecue Stand
  • Others

By Geography (Volume, Tonnes, USD Billion, 2019-2030)

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Frequently Asked Questions About This Report

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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