Global Cumin Ingredient - Market Outlook
Cumin is a spice widely used in many different applications of foods and beverages. Cumin has many medicinal properties which are the reason for the high consumption of cumin and cumin ingredient. Cumin Ingredients such as cumin oil and ground cumin are in high demand from different industries due to its multiple beneficial effects. Cumin essential oil is a common ingredient from around the world that can be used to enhance culinary dishes. Cumin oil also provides a fast and easy substitute for ground cumin.
Cumin is an aromatic spice with a sweet fragrance and a slightly acidic and pungent taste consisting of various components, including, p-cymene, perillaldehyde, and various others. The presence of all these chemicals makes cumin oleoresin ideally suited for medical, flavorings, and culinary use. In most curry powders, cumin oleoresin is used to make it an ingredient, other savory spice mixtures, and is used to produce specific beverages.
Increased application food industry is boosting the demand for Cumin ingredient
The rise in demand for a natural ingredient by processed food as well as the foodservice industry has boosted Cumin ingredient market growth.
The key factor driving global market demand for Cumin ingredient is the increasing demand in the food industry for cumin, particularly in Asian and Middle East cuisines as it adds noticeable flavor and strong spicy food taste.
Cumins are one of the most valued spices, well-known for their culinary and medicinal qualities worldwide. Because of its heavy scent, cumin powder & cumin oil is used in cooking
Cumin Oleoresin is a potent aromatic & flavorings agent. Cumin Oleoresin contains the main nutrients that are required for healthy red blood cells, such as iron and copper.
Global Cumin Ingredient Market – Segmentation
Based on nature, the global Cumin ingredient market is segmented as
Based on product type, the global Cumin Ingredient market is segmented as
Based on Application, the global Cumin ingredient market is segmented as
Based on the region, the global Cumin ingredient market is segmented as
Global Cumin Ingredient Market – Key player
Key players of the global Cumin ingredient market are McCormick & Company, Starwest Botanicals, Young Living Essential Oils, d?TERRA, Madagascar Spices Company, Phoenix Herb Company, AOS Product Pvt. Ltd., Essential Oils Company, AASHVI CORPORATION, Ultra International B.V. REVIVE Essential Oils, NOW and others.
COVID-19 Impact on Global Cumin Ingredient Market
In recent years, the demand for Cumin ingredients has seen significant growth and the producer was expecting development northward. The coronavirus pandemic had an adverse effect on all the business across the globe especially the manufacturing industries. The strict lockdown imposed in high potential markets had reduced the demand for culinary products from the foodservice sector.
The manufacturers around the world are working to cope up with the situation by adopting different strategies. The major issue with the manufacturers is the disturbed supply chain which needs to be reshaped. The manufacturers are focusing more on sales through e-commerce to keep connected with the customers.
Post-pandemic sales of the Cumin ingredient market may see positive growth owing to its health benefiting properties.
The pandemic COVID-19 was having a disturbing impact on the global economy. The manufacturers are reshaping the supply chain and are sourcing raw materials from local ingredient manufacturers which are allowing the small scale producers to grow their business.
Global Cumin Ingredient Market - Opportunity
Global demand for cumin ingredients is rising due to increased use of cumin oil and powder in various industries, such as food and pharmaceutical Also, it is used in aromatherapy as a massage oil. Cumin Ingredient manufacturers concentrate on increasing their product ranges across direct channels of sale.
The Asia Pacific market is expected to dominate the global Cumin ingredient market due to the high production of cumin in this region in countries such as India and China. Demand for Cumin ingredient is expected to rise in regions like North America and Western Europe due to its broad application in processed food products.
Cumin ingredient has the main application in the food industry, thus the expanding food processing, as well as foodservice industry all around the world, is boosting the global market.