About Cumin Ingredient
Cumin ingredients are spicy in nature. They are originated Cuminum cyminum plant. It is native to Asia, Africa, and Europe. Cumin used in processing’s to provide flavours and aroma to the food. It is widely consumed in the form of whole dried seeds or as ground powder. It is known as essential spice ingredient in Indian and Persian cuisines. It is majorly used in a variety of rice dishes, stews, soups, breads, pickles, barbecue sauces, and chili con carne recipes. In addition, it includes taste components and pigments. Increasing food & beverage industry and growing awareness regarding medicinal use of cumin ingredients has impacted on the demand in positive manner.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market of cumin ingredients is expected to grow with rising demand from food and beverage processing’s markets. Several companies are operating in the market to provide cumin ingredients for number of end use industries in bulk quantities. The market is highly fragmented with the presence of number of market players. They are taking certain strategic initiatives with new entrants to expand their existing portfolio. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Cumin Ingredient 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.
Dohler GmbH (Germany), Marshall Ingredients (United States), McCormick & Company, Inc (United States), Givaudan (Switzerland), Lionel Hitchen (United Kingdom), Olam International (Singapore), Bharat Agro Industries (India), Organic Spices Inc (United States), Kore Agro (India) and Moonlite Foods Inc (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Cumin Ingredient market by Type (Black Cumin, Bitter Cumin, White Cumin and Green Cumin), Application (Food Products, Nutraceuticals, Medicinal Processing’s and Others) and Region.
On the basis of geography, the market of Cumin Ingredient 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). Asia Pacific region held largest market share in the year 2022. If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Cumin Ingredient market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Type, the sub-segment i.e. Bags {Gunny, PP} will boost the Cumin Ingredient market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Popularity of Dietary Supplements and Nutraceuticals
Market Growth Drivers:
Rising Demand Spices as Food Additives in Food and Beverages Industry and Increasing Preference for Cumin Ingredients in Nutraceuticals Products
Challenges:
Issue Related to Supply Chain Logistics in Global Trading owing to Covid Pandemic
Restraints:
Adverse Climatic Condition may Impact on Cumin Production
Opportunities:
Rising Preference of Cumin ingredientsin Pharmaceutical Industry owing to Medicinal properties has Created Growth Opportunities and Growing Inclination for Spices Extracts over Synthetic Additives
Market Leaders and their expansionary development strategies
In July 2023, Döhler, a global producer, marketer and provider of technology-driven natural ingredients, ingredient systems and integrated solutions announced the acquisition of SVZ, subject to regulatory approval. This strengthens Döhler's portfolio of natural red fruit and vegetable ingredients and its global market presence, expanding the operations in the USA and Japan.
In November 2023, Dohler, The private label food and beverage industry in North America is experiencing drastic change and Döhler is committed to being a part of that change by providing natural ingredients driven by our global legacy of complete solutions.
Key Target Audience
Cumin Ingredients Manufacturers, Cumin Ingredients Suppliers/Distributor, Raw Material Suppliers, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
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.