Caraway
or Persian Cumin seed are one of the most dominant spices used in a
number of savoury dishes. These seeds have strong aroma and are a
member of parsley and umbelliferae family. The plant is prominently
cultivated in Europe, North Africa, and Asia Minor regions. It is
cultivated annually in colder regions and as a biennial in temperate
regions. Caraway seeds contain volatile oil which in turn contains
chemical substances such as limestone, carvone, pinen, thujole and
furfole. Owing to its warm and peppery aroma, caraway seeds finds
wide application across a variegated range of cuisines, especially
European and Mediterranean. Furthermore, Caraway seeds inherent
characteristics makes it an ideal component for manufacturing of some
speciality cosmetic and personal care products also. The global
demand for caraway seeds is anticipated to expand with a decent CAGR
over the forecast period of 2016-2026
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The
prime factor contributing to the growing demand for caraway seeds is
increasing demand for its final end use products, which includes
various F&B and cosmetic products. Moreover, increasing
globalization in food cuisines is another factor responsible for
driving revenues in the global caraway seeds market. Increasing
consumption of breads with spices, especially ryle bread is prominent
factor driving the demand for caraway seeds. A prominent share of
liquors also uses caraway seeds in some form, and amid rising living
standards consumption of liquor is anticipated increase translating
into rising demand for caraway seeds. Increasing demand for caraway
seed supplements such as anise, fennel and cumin, is another major
factor driving the demand for caraway seeds. Furthermore, as the
demand for cosmetics and personal care products increases; caraway
seeds which are often used to impart fragrance components in soaps,
lotions and perfumes are bound to witness increasing demand. Along
with, as the awareness about various health benefits of caraway seeds
increases, it is anticipated a large number of cuisines will
gradually incorporate caraway based ingredients.
The
Global
Caraway Seed Market is segmented into the seven key regions:
North America, Latin America, Western Europe, and Eastern Europe,
Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa
(MEA). The most prominent region in terms of consumption of Caraway
seeds are Asia Pacific and Western Europe. However, rinsing living
standards across Asia Pacific and Latin America, and high penetration
of Mediterranean and European cuisine in India and most other South
East Asian countries is making the APEJ segment to expand the fastest
over the forecast period. The demand for caraway seeds is
significantly high in Middle East and African region, and the region
is anticipated to maintain its dominance throughout the forecast
period. Increasing demand for seasoned food in Latin America is
another prominent factor that will contribute to the rapid growth in
demand for caraway seeds in the Latin American region.
- 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
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