Caraway Seeds Global Market Report 2024

The caraway seeds market has grown strongly in recent years. It will grow from $1.68 billion in 2023 to $1.79 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The observed growth during the historic period can be attributed to several factors. These include the preservation and evolution of cultural culinary traditions, the recognition and utilization of the medicinal and health benefits associated with caraway seeds, the integration of these seeds into ethnic cuisines, the rise of artisanal food production methods, and the widespread adoption of global culinary practices incorporating caraway seeds into various dishes. These combined elements contributed to the expansion and popularity of caraway seeds within the food industry.

The caraway seeds market 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%. Anticipated growth in the forecast period is expected to stem from various factors, notably the increasing focus on health-conscious consumption patterns among consumers, the growing culinary diversity in food preferences, heightened demand for ethnic foods, the rising popularity of vegan and plant-based diets, and the increasing awareness regarding the digestive benefits associated with caraway seeds.

The expanding landscape within the bread industry is set to drive the growth of the caraway seed market. The bread industry encompasses the manufacturing and distribution of baked goods such as bread, pastries, cakes, and biscuits. Caraway seeds, widely employed in the bakery sector, add flavor to various food items such as rye bread, cakes, biscuits, meats, cheeses, sauerkraut, pickles, and stews. Notably, Agriculture and Agri-Food Canada's report in January 2023 revealed Mexico's import value of bread and bakery products at $198.5 million in 2021, with an import volume of 72.1 thousand metric tons. This import was largely sourced from the United States, holding a 79.2% market share ($157.2 million), followed by Canada at 4.7% ($9.4 million). Hence, the burgeoning opportunities in the bread industry are propelling the caraway seed market's growth.

The upsurge in diabetes prevalence is anticipated to fuel the expansion of the caraway seed market. Diabetes, a chronic metabolic condition, impacts blood glucose levels and poses severe health risks. Caraway seeds have shown potential in regulating blood sugar levels and enhancing insulin sensitivity, offering benefits to individuals with diabetes. As per the International Diabetes Federation (IDF) data in December 2021, approximately 537 million adults grappled with diabetes in 2021, with projections of an increase to 643 million by 2030 and 783 million by 2045. This escalating prevalence is driving the growth of the caraway seed market.

The rising demand for organic food products is poised to steer the growth of the caraway seed market. Caraway seeds, known for their distinctive flavor and potential health benefits, have gained popularity in various organic food items. In May 2021, the U.S. organic food market witnessed unprecedented growth, reaching a record $61.9 billion in sales, marking a 12.4% surge compared to the previous year. Organic food sales surged by 12.8% to $56.4 billion, accounting for nearly 6% of total food sales in the United States. This substantial shift in consumer preferences toward organic and natural food products is fueling the caraway seed market's growth.

Key companies in the caraway seeds market are introducing new products such as Mediterranean roasted garlic and spicy harissa, aiming to bolster market profitability. These flavor variations are incorporated into dips, aligning with the diverse Mediterranean-inspired culinary preferences. For instance, Sabra Dipping LLC, a US-based Middle Eastern food manufacturer, launched Mediterranean roasted garlic and spicy harissa, available in select Midwest stores and nationally through Amazon Fresh. Harissa, a chili pepper paste, features roasted red peppers, garlic paste, caraway seeds, coriander seeds, cumin, and olive oil, offering a smoky flavor.

In August 2021, Incline Equity Partners, a US-based private equity firm, completed the acquisition of Starwest Botanicals. This strategic acquisition is aimed at enhancing Starwest Botanicals' growth trajectory by implementing technology and infrastructure upgrades to bolster operational efficiency. By expanding their portfolio of organic and conventional herbs, spices, teas, and other natural products, Starwest Botanicals aims to improve production and distribution capabilities. Specializing in herbs, spices, and natural products, including organic caraway seeds, Starwest Botanicals is positioned for strategic growth.

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.

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. The countries covered in the caraway seeds market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Caraway seeds are primarily categorized into whole seeds and powder forms. Whole seeds, produced by the Carum carvi herb, possess small, round, or oval shapes and are esteemed for their flavor-enhancing properties. They are distributed through both online and offline sales channels, catering to diverse applications across food, pharmaceuticals, beverages, cosmetics, and various other industries. Their versatility allows for widespread utilization across multiple sectors.

The caraway seeds market research report provides caraway seeds market statistics, including caraway seeds industry global market size, regional shares, competitors with a caraway seeds market share, detailed caraway seeds market segments, market trends and opportunities, and any further data you may need to thrive in the caraway seeds industry. This caraway seeds market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The caraway seeds market includes sales of caraway powder and caraway oil. The values in this market are based on the goods sold by the creators of the products, either directly to end customers or to other entities such as downstream manufacturers, wholesalers, distributors, and retailers. The value of goods sold includes related services sold by the creators of the products.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.