Caraway Seeds Market: Global Industry Analysis and Forecast (2023-2029)

The Caraway Seeds Market is expected to reach US$ 1842.81 Mn., with a CAGR of 7.2% for the period 2022-2029, thanks to increased use of caraway seeds in the pharmaceutical industry.
Caraway Seeds Market Definition:
Caraway seeds, also known as meridian fennel or Persian cumin, are used to flavour food and produce oil. These seeds come from Apiaceae or Umbelliferae biennial plants that are endemic to Europe, North America, and Western Asia. Caraway seeds have a peculiar flavour that is both pungent and sweet. Furthermore, the seeds are high in antioxidants, minerals, dietary fibers, and vitamins, all of which are necessary for human health. Caraway seeds are readily accessible in whole or powdered powder form and are utilized in a variety of industries including baking, food processing, medicines, and cosmetics.To know about the Research Methodology :- Request Free Sample Report
Caraway Seeds Market Dynamics:
The global market is now being driven by rising consumer awareness of the multiple benefits of caraway seeds in improving digestion, boosting metabolism, reducing inflammation, and strengthening immunity, among other things. Furthermore, increased demand for caraway seeds as a flavouring component in various ready-to-eat snacks, bakery goods, sauces, and other products is being driven by significant growth in the food processing industry. Aside from that, the increased use of caraway seeds in the pharmaceutical industry, owing to the presence of vital antioxidants such as carotene, lutein, zeaxanthin, cryptoxanthin, and others, is boosting the market growth.

Caraway seeds are also used to treat fungal infections, eye difficulties, rheumatism, toothaches, bloating, and other ailments, thus they are in high demand. Furthermore, the growing personal care industry is stimulating the use of caraway seeds-based essential oils to give scent to lotions, soaps, and perfumes, among other products. Aside from that, the rise of vegan and animal cruelty-free cosmetics is driving up demand for caraway seeds, which may be used to reduce wrinkles, lighten scars, regenerate skin cells, and cure wounded skin, among other things.

On the other hand, the availability of substitutes is expected to stifle demand for a caraway seed and limit the global market growth.
Caraway Seeds Market Segmentation:
The Caraway Seeds market is segmented into Form, Application, and End-user.

Based on the Form segment: The Caraway Seeds market is further sub-segmented into whole seed and powder. Among these, the powder form segment held the largest market share of the global market by 2022. This is mainly because of its various application such as baking, cheese, rye bread, cake, stew, and goulash, and it's also used as a component in a medical powder that helps with flatulence and gastrointestinal symptoms. As seeds, they're utilized in pickles, soups, and salads, and they're mostly employed in cooking as a condiment and flavouring basis. In addition, these are used in seasonal dishes.

Based on the Application segment: The Caraway Seeds market is further sub-segmented into Mouthwash, Savory Dishes, Soups, Sauerkraut, Pickles, and Salads. With their use in savoury foods, baked pastries, and spices, the food & beverage industry has seen substantial growth. In the future, the spice & seasoning industry is expected to grow at a CAGR of more than 5%.

Colds and congestion are commonly treated with it in the pharmaceutical sector. Fungus infections, candela infections, eye infections, rheumatism, toothaches, and digestive disorders such as bloating, loss of appetite, and minor stomach and bowel contractions have all boosted product demand. Their oil can be used for wrinkle reduction, scar lightening, skin cell regeneration, and the treatment of inflamed and wounded skin.
Caraway Seeds Market Regional Insights:
Thanks to increased demand for caraway seed in the pharmaceutical and food industries, the European caraway seed market is expected to provide a considerable proportion of revenue to the global market. Also, rising awareness of caraway seeds among the health-conscious population is likely to contribute to the global market's revenue growth. Due to the rising demand for condiments and spices in various culinary products, the Asia Pacific market is expected to rise significantly. Rapid urbanization, high disposable income, and the existence of significant caraway seed producers are expected to fuel the global market's revenue growth in the Asia Pacific.

The objective of the report is to present a comprehensive analysis of the global Caraway Seeds to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Caraway Seeds dynamics, structure by analyzing the market segments and project the Caraway Seeds size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Caraway Seeds make the report investor’s guide.
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Global Caraway Seeds Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 1132.46 Mn.


Forecast Period 2023 to 2029 CAGR:
7.2%
Market Size in 2029:
US $ 1842.81 Mn.


 Segments Covered:
by Form
• Whole seed
• Powder


by Application
• Mouthwash
• Savory Dishes
• Soups
• Sauerkraut
• Pickles
• Salads


by End User
• Food & Beverage
• Pharmaceutical
• Cosmetic & Personal Care
• Others



Caraway Seeds Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Caraway Seeds Market, Key Players 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
Frequently Asked Questions:
1. Which region has the largest share in Caraway Seeds Market?
Ans: Europe held the largest share in 2022.

2. What is the growth rate of the Caraway Seeds Market?
Ans: The Caraway Seeds Market is growing at a CAGR of 7.2% during the forecasting period 2023-2029.

3. What segments are covered in Caraway Seeds market?
Ans: Caraway Seeds Market is segmented into Form, Application, End-user, and Region.

4. Who are the key players in Caraway Seeds market?
Ans: The important key players in the Caraway Seeds 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, and Canadian Exotic Grains.

5. What is the study period of this market?
Ans: The Caraway Seeds Market is studied from 2022 to 2029.