Global Cumin Market Size, Share, Opportunities, And Trends By Type (Whole Cumin Seed, Ground Cumin Seed, Cumin Seed Oil), By Application (Food Industry, Pharmaceutical And Nutraceutical Industry, Cosmetics And Personal Care Industry), And By Geography - Forecasts From 2024 To 2029

Cumin is a type of spice that is made from dried seeds of a member of the parsley family of plants, known as Cuminum cyminum. Cumin is widely known for being a spice that is used in a variety of cuisines, which include Indian, Latin American, Middle Eastern, and North African cuisines. Cumin is known to be available in different forms, which include whole cumin seeds, ground cumin seeds, and cumin oil seeds.  

Introduction:

The global cumin market is expected to witness significant growth during the forecasted period of 2024-2029, due to factors such as the increase in awareness of the benefits of cumin, which is further influenced by the increasing number of health-conscious consumers in the market, and the rising growth of the e-commerce sector worldwide.

Market Drivers:

• Benefits: Cumin is known to provide a wide range of benefits to the human body, ranging from weight loss to blood sugar control. The increase in the number of health-conscious consumers in the market will be expected to drive the global cumin market growth by increasing awareness of the health benefits of cumin for the human body. Cumin is known to improve cholesterol levels from the consumption of 3 grams of cumin powder per day per month.

Cumin is also known to contain antioxidant properties that help protect cells in the human body. These antioxidants help reduce the risk of heart disease and other types of chronic diseases. Therefore, with the increase in the number of health-conscious consumers in the market, the global cumin market is expected to witness a significant increase in growth during the forecasted period.

• Growing e-commerce sector: Cumin is a well-known spice product that is commonly sourced from India. The increasing growth of the e-commerce sector is anticipated to help boost the reach of cumin into international territory, further driving the global cumin market growth during the forecasted period. As per the data in the World Integrated Trade Solution of the World Bank, India accounts for an estimated export of 189,313,000kg, which accounts for an estimated US$493,021.78 thousand in value in 2022.

Furthermore, China, the United States, and the European Union account for the highest cumin seed imports in 2022, accounting for 37,775,900kg, 16,407,300kg, and 9,619,250kg in quantity and US$109,563.90 thousand, US$51,707.14 thousand, and US$36,353.50 thousand in value, respectively.

The rate of imports and exports from the region can be linked to the increase in growth of the e-commerce sector worldwide. For instance, as per retailresearch.org, the combined e-commerce sales in Western Europe accounted for an increase from £152.20 billion in 2015 to £328.91 billion in 2022, which is a substantial growth of 116.1%. When the increase in exports and imports, coupled with the increasing growth of the e-commerce sector, the global cumin market is expected to witness significant growth during the forecasted period of 2024-2029.

Key Players:

• Kore Agro International: This is an Indian, family-owned company and a leader in exports. that is known for exporting, manufacturing, and supplying spices throughout the world. They are known to export a wide variety of spices, which include cumin in whole and ground forms.

Abhyuday Industries: a well-known company that is known for being a manufacturer and exporter of psyllium products, which include cumin products. Abhyuday Industries is also known for having over a lakh square meters of manufacturing and warehouse space for manufacturing and exporting psyllium seeds, husk, powder, and organic psyllium.

Regional Analysis:

The Asia Pacific region is expected to witness significant growth in the cumin market during the forecasted period of 2024-2029. India contributes to the majority of cumin production worldwide. The wide range of benefits that cumin provides makes it an attractive spice product to be added to various food products, further increasing the cumin market growth in the region. The National Research Centre on Seed Spices stated that the total cumin production in India during 2019-20 accounted for an estimated 546,750 tonnes, with a total area of cumin production of 841,940 hectares. Rajasthan and Gujarat contribute to the majority of the cumin production in the country, accounting for an estimated 213,070 tonnes and 331,940 tonnes, respectively, in 2019-20, together contributing around 99% of the overall production of cumin in India. It has also been stated that India accounts for 70% of the cumin production worldwide.

Additionally, the increase in the production of cumin can be observed from the statistics provided by the APEDA. The total cumin production has displayed an increase, reaching 725.42 thousand tonnes in 2021-22. Gujarat and Rajasthan still hold the top position in the production of cumin in the country, accounting for an increase reaching 420.00 thousand tonnes and 303.50 tonnes, respectively, in 2021-22. Gujarat contributes 57.90% of the total cumin production share of the country, whereas Rajasthan contributes 41.84%. The remaining producers of cumin include West Bengal, Madhya Pradesh, Karnataka, Himachal Pradesh, and Uttar Pradesh, contributing to less than 1% of each of the total cumin production in the country.

Furthermore, the increase in the sales of cumin can be linked to the increasing growth of e-commerce in the region. For instance, the India Brand Equity Foundation states that the e-commerce sector in India is expected to grow at a significant pace, expecting to reach US$111 billion by 2024 and US$200 billion by 2026. It has also been stated that India has experienced a gain of 125 million online shoppers in the past three years, which is 2020-2022, and is expected to increase by 80 million by 2025.

Overall, the increase in the e-commerce sector is anticipated to have a significant impact on the growth of the sales of cumin, due to the vast reach of products in the online market, allowing for further increase in the production and sale of cumin products in the market. Therefore, the increasing relevance of global players such as India and the increasing growth of e-commerce in the country contribute to the global cumin market growth during the forecasted period.

Segmentation:

• By Type:
  • Whole Cumin Seed
  • Ground Cumin Seed
  • Cumin Seed Oil
• By Application:
  • Food Industry
  • Pharmaceutical and Nutraceutical Industry
  • Cosmetics and Personal Care Industry
• By Geography:
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others