Caraway Seeds Market Size was valued at USD 2 Billion in 2022. The Caraway Seeds market industry is projected to grow from USD 7.3 Billion in 2023 to USD 10.31 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 20.00% during the forecast period (2023 - 2032). The increasing demand for ethnic and traditional foods is boosting the market. Caraway seeds are known for their potential health benefits, including aiding digestion are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for caraway seeds is being driven by the rising penetration of health benefits. The main factor contributing to the rise in demand for caraway seeds is an increase in the use of its final end-use products. The widespread use of caraway seed in the food and beverage, cosmetic and personal care, and dietary supplement and pharmaceutical industries is expected to keep the market profitable in the coming years. Furthermore, the increased isation of food cuisines is another factor driving the popularity of caraway seed products. Furthermore, the rise in consumption of spiced bread, such as style bread, is a major factor driving the caraway seed market. Thus, driving the Caraway Seeds whole seed market revenue.
In addition, caraway seed is used in both alcoholic and non-alcoholic beverages. Caraway seed oil is used to flavour beverages. Caraway seed demand has increased due to an increase in demand for caraway seed supplements such as fennel, anise, and cumin. Furthermore, the growth of the cosmetic and personal care industry has resulted in the expansion of the caraway seed market. Caraway seed is used to make serums, creams, and lotions in these industries. The fragrance of caraway seed is added to lotions and serums. Furthermore, as people become more aware of the various health benefits of caraway seeds, their consumption rises.
Moreover, Leading market participants have introduced new products containing caraway seeds. Market participants are producing organic caraway seed to cater to health-conscious consumers. Companies are developing new foods and beverages with enhanced flavor by incorporating caraway flavors. For example, the Balaram Mullick & Radharaman Mullick franchise will launch 'Immunity Sandesh' infused with herbs and spices in June 2020. It's a sweet dish with caraway seed and turmeric flavors.
The caraway seeds market segmentation, based on type includes whole seed, and seed Powder. The whole seed segment dominated the market. Whole caraway seeds are more flavorful and aromatic than seed powder. This is because when the seeds are left whole, the essential oils in them are better preserved.
The caraway seeds market segmentation, based on application, includes food, beverages, cosmetic and personal care, pharmaceuticals, others. The food category generated the most income. Caraway seeds can be used in a variety of foods, both savory and sweet. Precisely as a consequence, they are a versatile ingredient that is in high demand among food manufacturers.
Figure 1: Caraway Seeds Market, by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The caraway seeds market segmentation, based on Distribution Channel includes online and offline. The offline segment dominated the market, accounting for rapid growth of market revenue. Offline channels provide consumers with a broader selection of caraway seeds, including various brands, grades, and packaging options.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Caraway Seeds market area will dominate this market, due to the presence of many big market players including Nordic Caraway, Schwartz, and Kalbey India Exim. In addition, the market for caraway seeds in North America is expanding due to the increasing popularity of caraway as a spice. Caraway seeds are used in a variety of dishes, including bread, cakes, and cookies. It is also used to flavour liqueurs and other alcoholic beverages. The market for caraway seeds is expected to expand significantly over the next few years. This expansion is credited to increased demand for caraway seeds from North American consumers. Furthermore, the increasing popularity of caraway as a spice is expected to drive market growth.
Further, the major countries studied in the market report are The US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: CARAWAY SEEDS MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Caraway Seeds market accounts for the second-largest market share due to the european consumers are becoming increasingly aware of the health benefits of caraway seeds. Further, the Germany Caraway Seeds market held the largest market share, and the UK Caraway Seeds market was the fastest growing market in the European region.
The Asia-Pacific Caraway Seeds market is expected to grow at the fastest CAGR from 2023 to 2032. Caraway seed demand is being driven by rising disposable incomes in the Asia-Pacific region, as consumers spend more money on food and beverages. Moreover, China’s Caraway Seeds market held the largest market share, and the Indian Caraway Seeds market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in the caraway seeds market is characterised by a mix of international and regional players. The market is characterized by a diverse set of suppliers, both large and small, who serve various market segments and geographic regions, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Caraway Seeds industry must offer cost-effective seeds.
The growth of e-commerce platforms has enabled companies to reach a wider customer base used by key players in the Caraway Seeds industry to benefit clients and increase the market sector. In recent years, the Caraway Seeds industry has offered some of the most significant advantages to enterprises. Major players in the Caraway Seeds market, including Nordic Caraway, Schwartz (McCormick & Company, Inc), Kalbey India Exim, Bishnoi Trading Corporation, Sleaford Quality Foods Ltd., Kingherbs Limited, Midtown Mojo Manufacturers, The Spice Trader, Satyom Enterprises, Aditya Agro Industries, Great American Spice, Lionel Hitchen Essential oils, Giza Herbs, Canadian Exotic Grains and others, are attempting to increase market demand by investing in research and development operations.
Nordic Caraway is a Finnish company that specializes in the production and exportation of high-quality caraway seeds. The company was founded in 2004 by two caraway seed companies, Trans Farm Oy and Caraway Finland Oy, who shared a common vision of producing and selling caraway seeds from Finland. During that time, Eastern European countries produced the majority of the world's caraway. Nordic Caraway has a network of more than 100 contract farmers in Finland who grow caraway seeds. The company also has its own processing plants that are outfitted with cutting-edge technology to ensure that the seeds are of the highest quality. Nordic Caraway sells caraway seeds in over 40 countries worldwide. The company's main markets are Europe, North America, and Asia. Nordic Caraway is committed to providing its customers with the highest quality caraway seeds. Nordic Caraway is committed to sustainable farming practices.
Kalbey India Exim is a leading exporter of Indian agricultural products such as white rice, wheat grain, maize grain, and caraway seeds. The company has been in business for over 5 years and is headquartered in Raniwara, Rajasthan, India. Kalbey India Exim is well-known for its high-quality products and dedication to customer service. To ensure that its products meet the highest standards, the company employs a team of experienced professionals who collaborate closely with farmers and suppliers. Kalbey India Exim also has a cutting-edge processing facility where its products are cleaned, sorted, and packaged to the highest standards. Kalbey India Exim exports to over 20 countries worldwide, including the Middle East, Africa, and Asia. Customers of the company include food distributors, wholesalers, and retailers.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 2 Billion |
| Market Size 2023 | USD 7.3 Billion |
| Market Size 2032 | USD 10.31 Billion |
| Compound Annual Growth Rate (CAGR) | 20.00% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, and, Distribution Channel |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Nordic Caraway, Schwartz (McCormick & Company, Inc)., Kalbey India Exim, Bishnoi Trading Corporation, Sleaford Quality Foods Ltd. , Kingherbs Limited, Midtown Mojo Manufacturers, The Spice Trader, Satyom Enterprises, Aditya Agro Industries, Great American Spice, Lionel Hitchen Essential oils, Giza Herbs, Canadian Exotic Grains, Others |
| Key Market Opportunities | Increasing awareness of the health benefits of caraway seeds |
| Key Market Dynamics | The growing urbanization trend is leading to an increase in the demand for processed and packaged foods, which often contain caraway seeds. |
Caraway Seeds Market Highlights:
Frequently Asked Questions (FAQ) :
The caraway seeds market size was valued at USD 2 Billion in 2022.
The market is projected to grow at a CAGR of 20.00% during the forecast period, 2023-2032.
North America had the largest share in the market.
The key players in the market are Nordic Caraway, Schwartz (McCormick & Company, Inc)., Kalbey India Exim, Bishnoi Trading Corporation, Sleaford Quality Foods Ltd. , Kingherbs Limited, Midtown Mojo Manufacturers, The Spice Trader, Satyom Enterprises, Aditya Agro Industries, Great American Spice, Lionel Hitchen Essential oils, Giza Herbs, Canadian Exotic Grains, Others.
The whole seed category dominated the market in 2022.
Food & beverages had the largest share in the market.
Research Analyst Harshita post graduate mba in business administration from welingkar institute, mumbai and 5 years of experience in the field of product market research. as a research analyst, i have cross-domain experience in packaging, and industrial automation & equipment. i am currently looking after the research process of packaging, logistics & transportation, and industrial automation & equipment at market research future reports. my responsibilities at the organization involve handling syndicate and custom reports as well as responding to client inquiries, and organize, co-ordinate with a group of 5 to 6 persons to manage all workflows.
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