According to a new report, published by KBV research, 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).
The market has grown significantly due to the globalization of food culture. As consumers become more adventurous in their culinary preferences, there has been a growing appreciation for the flavors and ingredients used in diverse ethnic cuisines. Cumin, with its prominent presence in cuisines ranging from Indian and Mexican to Middle Eastern and North African, has transcended cultural boundaries to become a staple in kitchens globally. This cross-cultural exchange has fueled the demand for cumin and cumin-based products, driving its adoption in mainstream food industry.
The Powder segment led the Global Cumin Ingredient Market, by Type in 2022; thereby, achieving a market value of $1.1 Billion by 2030. Powdered cumin provides greater convenience and ease of use than whole cumin seeds. Its fine texture allows for quick and even flavor distribution, making it ideal for seasoning and flavoring various dishes. Chefs and home cooks appreciate the convenience of powdered cumin, as it eliminates the need for grinding or toasting seeds before use, saving time and effort in meal preparation.
The Dining Room segment is growing at a CAGR of 3.5 % during the forecast period. As more people choose to dine out or order food from restaurants with dining rooms, there is a corresponding increase in demand for ingredients like cumin in the foodservice sector. Restaurants, cafes, and eateries often use cumin in various dishes to enhance flavor profiles and create unique culinary experiences for their patrons. The growing number of dining establishments catering to diverse cuisines, including those that incorporate cumin in their recipes, contributes to the rising demand for cumin in the foodservice industry.
Full Report: https://www.kbvresearch.com/cumin-ingredient-market/
The Asia Pacific region dominated the Global Cumin Ingredient 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. The Europe region is anticipated to grow at a CAGR of 3.3% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 3.8% during (2023 - 2030).
By Type (Volume, Tonnes, USD Billion, 2019-2030)
By Application (Volume, Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Tonnes, USD Billion, 2019-2030)
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