About Cumin Powder
Cumin is a flowering plant which comes from family Apiaceae. Its seeds are dried and used in various cuisines in ground form or whole. The powder form of cumin is obtained by dry roasting cumin seeds in a grinder. It is most consumed in South Asia and Middle East. It has strong earthy and slightly spicy flavor. Cumin has various health benefits as it promotes digestion, rich in source of iron, help in diabetes, improve blood cholesterol and helps in weight loss. Therefore, these health benefits are increasing the demand of cumin powder which is fueling the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.6% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that India Vendors will contribute the maximum growth to Global Cumin Powder market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Virdhara International (India), Vitagreen Products (India), Rohini Agro Industries (India), OJYA (India), Connoils (United States), Kore Agro (India), Ashapurna Spices (India) and Adya group (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Cumin Powder market by and Region.
On the basis of geography, the market of Cumin Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Packaging size, the sub-segment i.e. 25g will boost the Cumin Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Cumin seed type, the sub-segment i.e. Black cumin will boost the Cumin Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Purity, the sub-segment i.e. 98% will boost the Cumin Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution channel, the sub-segment i.e. Online will boost the Cumin Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Inclination of Consumers towards the Health Consciousness
Market Growth Drivers:
Health Benefits of Cumin Powder Such as Digestion is Fueling the Market and Wide Use of Cumin in Indian Recipes
Challenges:
Limited Usage in Other Regions Such as United States and Europe
Restraints:
Lack of Awareness among the Consumers
Opportunities:
Increasing Popularity of Indian Cuisines across the World is Boosting the Market
Market Leaders and their expansionary development strategies
In April 2023, The McCormick brand is announced an expansion of its partnership with Tabitha Brown, introducing five new salt-free, vegan seasoning products to grocery stores in the U.S. These products, co-created with Tabitha Brown, include: McCormick Like Sweet Like Smoky All Purpose Seasoning, McCormick Burger Bliss Seasoning Mix, McCormick Very Good Garlic All Purpose Seasoning, McCormick Sauté Sensation Seasoning Mix, and McCormick Taco Tantalizer Seasoning Mix.
In April 2023, The Kraft Heinz Company has announced the launch of Just Spices in the U.S. market, just one year after the company completed its acquisition of a majority stake in the business.
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.