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Global Caraway Seed Market: Overview

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

Global Caraway Seed Market: Drivers and Restraints

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.

Global Caraway Seed Market: Segmentation

On the basis of end use,

  • Food
  • Beverages
    • Alcoholic Beverages
    • Non Alcoholic Beverages
  • Cosmetic and Personal Care
  • Pharmaceuticals
  • Others

On the basis of region,

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Japan
  • Middle East and Africa (MEA)

Global Caraway Seed Market: Region Wise Outlook

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.

Global Caraway Seed Market: Key Players

  • 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

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Caraway Seed Market