The caraway seeds market size is expected to see strong growth in the next few years. It will grow to $2.35 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to health-conscious consumption, culinary diversity, growing ethnic food demand, rising vegan and plant-based diets, increasing awareness of digestive benefits. Major trends in the forecast period include culinary diversity, plant-based and vegan diets, health and wellness boom, functional food movement, ethnic and regional cuisine adoption..
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Segmentation & Regional Insights
The caraway seeds market covered in this report is segmented –
1) By Form: Whole Seed, Powder
2) By Sales Channel: Online, Offline
3) By Application: Food, Pharmaceuticals, Beverages, Cosmetics, Other Applications
Europe was the largest region in the caraway seed market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global caraway seeds market during the forecast period. The regions covered in the caraway seeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The expanding opportunities in the bread industry are expected to propel the growth of the caraway seed market. The bread industry refers to the production and sale of bread and other baked goods, including pastries, cakes, and biscuits. The bakery industry, which primarily deals with grain-based food, widely uses caraway seeds to flavor different food items such as rye bread, cakes, biscuits, meat dishes, cheeses, sauerkraut, pickles, and stews. For instance, in January 2023, according to the report published by Agriculture and Agri-Food Canada, a department of the Government of Canada, the value of bread and bakery food products imported by Mexico from around the world in 2021 amounted to $198.5 million, with an accompanying import volume of 72.1 thousand metric tons. The primary suppliers to Mexico were the United States, accounting for 79.2% of the market share ($157.2 million), followed by Canada at 4.7% ($9.4 million). Therefore, the expanding opportunities in the bread industry are driving the growth of the caraway seed market.
Key Industry Players
Major companies operating in the caraway seeds market report are Nordic Caraway, Smj Exports Pvt. Ltd., Lionel Hitchen Limited, Mccormick & Company Inc., Sleaford Quality Foods Ltd., Canadian Exotic Grains Ltd., Aditya Agro Industries, Giza Seeds & Herbs, International Berlik Spices Company Ltd., Delta Spice Egypt, Kingherbs Limited, Satyam Enterprises Pvt. Ltd., Aromas And Flavors International, Bishnoi Trading Corporation, Cropful S.R.O., Arta Group Llc, Midtown Mojo Manufacturers LLC, The Spice Trader, Great American Spice Company, Aos Products Private Limited, Aromaaz International, Aryan International, Cn Lab Canada Asian Group, Dried Food Exporter, Esskay Trading Corporation, Fuyang Bestop Import And Export Ltd., Green Earth Products Pvt. Ltd., Hebei Huayuan Pepper Industry Co. Ltd., Agro Dutch B.V., Badia Spices Inc.
The caraway seeds market report table of contents includes:
1. Executive Summary
2. Caraway Seeds Market Characteristics
3. Caraway Seeds Market Trends And Strategies
4. Caraway Seeds Market – Macro Economic Scenario
5. Global Caraway Seeds Market Size and Growth
…………………………..
31. Global Caraway Seeds Market Competitive Benchmarking
32. Global Caraway Seeds Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Caraway Seeds Market
34. Caraway Seeds Market Future Outlook and Potential Analysis
35. Appendix
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