Coriander Produce Market - Forecast(2024 - 2030)

Coriander Produce Market Overview

Coriander Produce Market Size is estimated to reach $4.1 billion by 2027. Furthermore, it is poised to grow at a CAGR of 10.1% over the forecast period of 2022-2027. Coriander is a spice produced from the round, tan-colored seeds of the coriander plant known as Coriandrum sativum, which is a member of the Apiaceae family. Coriander leaves or Cilantro are mostly used in the food preparation of products like salads, soups and meals like curries and masalas. It is also useful in treating nausea, diarrhea, intestinal gas, constipation and irritable bowel syndrome (IBS). It is very low in Saturated Fat and Cholesterol. It is also a good source of Dietary Fiber, Niacin, Vitamin B6, Phosphorus, Zinc and Selenium, and a very good source of Vitamin A, Vitamin C, Vitamin K, and Thiamin, Riboflavin, Folate, Calcium, Iron, Magnesium, Potassium, Copper and Manganese. Coriander has antioxidant, antidiabetic, hepatoprotective, antibacterial, antifungal properties and volatile compounds, flavonoid and isocoumarins like 2-decenoic acid, E-11-tetradecenoic acid and capric acid. Such components play important role in the medicinal use of coriander. Typical Coriander Produce industry applications are observed in confectionery and pharmaceutical industry. Dry seeds of coriander include essential oils and oil which are utilized in confectionary and pharmaceutical industry.

It is also employed in the cosmetic industry owing to its anti-inflammatory, anti-bacterial and anti-fungal properties which are driving the market growth. The use of Apiaceae family products like coriander in food, medicine and cosmetics attracts global market companies as a result of its functional properties and they develop various products to meet customer needs. This helps to drive the growth of the Coriander Produce Market over the forecast period of 2022-2027. This represents the Coriander Produce Industry Outlook.

Coriander Produce Market Report Coverage

The “Coriander Produce Market Report - Forecast (2022-2027)" by Industry ARC, covers an in-depth analysis of the following segments in the Coriander Produce Market.

Key Takeaways

• Geographically, Asia-Pacific Coriander Produce Market held a dominant market share in the year 2021, owing to the presence of a world-leading producer country like India in the region and a large number of the area under cultivation.
• The Coriander Produce Market is predicted to increase owing to the increasing demand by European and American countries. In 2020, the world exports of "Seeds of coriander" exceeded $196 million according to external trade statistics of 79 countries. However, strict regulation on the production and supply of coriander along with the risk of infection by consuming raw unprocessed leaves of coriander may limit market growth over the forecast period 2022-2027.
• A detailed analysis of strengths, weaknesses, opportunities and threats will be provided in the Coriander Produce Market Report.

Coriander Produce Market Segment Analysis - By Form

Coriander Produce Market based on the form can be further segmented into Leaves, Stems, Seed, Powder, Paste and Extract. The Powder segment held a dominant Coriander Produce market share in the year 2021 owing to its growing applications in various cuisines attributed to the inclusion of a good amount of dietary fibers. Coriander is mostly used in Mexican and Indian Cuisine and in culinary applications. Spice rubs, marinades, chilies, sauces, soups and curries all include coriander. Coriander powder is one of the principal constituents used in spices. Major key market players like Tata Sampann, Lauva Natural, Catch and others marketed coriander powder in different packet sizes and in an affordable price range for customers. Such factors are further propelling the growth of the Powder segment. 

Furthermore, the Seed segment is estimated to grow with the fastest CAGR rate of 12.7% over the forecast period. Coriander seed is a mostly traded commodity than other forms of coriander in the market. It is easy to pack and store for a long time with a better shelf life which is an important factor for long-distance transportation. Such increasing demand for coriander seeds is further fuelling the growth of the Seed segment.

Coriander Produce Market Segment Analysis - By Application

Coriander Produce Market based on application can be further segmented into Food, Bakery, Medicine and Cosmetics. The Medicine segment held a dominant Coriander Produce market share in the year 2021. It is attributed to anti-inflammatory, anti-oxidants and anti-bacterial properties which are useful in various medicines. According to a study published in NCBI, rats with obesity and high blood sugar found that a single dose of coriander seed extract (9.1 mg per pound of body weight or 20 mg per kg) decreased blood sugar by 4 mmol/L in 6 hours, similar to the effects of the blood sugar medication glibenclamide. Coriander has high anti-oxidant compounds such as terpinene, selenium, quercetin and tocopherols, which have anticancer, immune-boosting and neuroprotective effects, according to test-tube and animal studies. Coriander protects one's heart by lowering blood pressure and LDL (bad) cholesterol while increasing HDL (good) cholesterol. A diet high in spices appears to be linked to a lower risk of heart disease. Such medicinal properties are further propelling the growth of this segment.

Furthermore, the Food segment is estimated to grow with the fastest CAGR of 11.3% over the forecast period 2022-2027 owing to the increasing use of coriander seed and leaf in the culinary application. It is used in curry powder, curries, sausage, pickles, stew and sauces. The research article published in Research-gate and Food and Dairy science research article of Mansoura university uses coriander seed powder as a substitute for wheat flour to produce Balady Bread. Fresh coriander leaves are mostly used in salads and salad is on 75.84% of the restaurant’s menu as it is a good source of dietary fibers. The increasing popularity and consumption of salads is further fuelling the growth of this segment.

Coriander Produce Market Segment Analysis- By Geography

The Coriander Produce Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America and the Rest of the World. Asia-Pacific Coriander Produce Market held a dominant Coriander Produce market share of 37% in the year 2021. This is owing to the increasing production of coriander in Asia-Pacific countries like India, Indonesia, Bangladesh and China. India is the world's largest producer, consumer and exporter of spices and among all spices, coriander (Coriandrum sativum) seed is one of the most important spices. According to a research paper published in The Economic Affairs, approximately 80% of the world’s total coriander seed is produced in India. In India, it is mostly cultivated in Rajasthan, Madhya Pradesh, Gujrat and Uttar Pradesh. According to Connect – 2 – India, coriander seeds in India are imported from more than 32 countries and in the financial year 2020-2021, around $2.66 million coriander seeds were imported to India from Russian Federation ($2.66 million), Turkey ($0.63 million), the United Kingdom ($0.29 million), Syria ($0.14 million) and Sri Lanka ($0.12 million). These 5 countries in total sold $3.84 million coriander seeds to India. Such factors are further propelling the growth of the Coriander Produce Market in the Asia-Pacific region.

Furthermore, Europe is estimated to grow with the fastest CAGR over the forecast period 2022-2027. This is owing to the growing use of coriander seeds in form of whole, crushed, or ground forms and the use of coriander powder in a variety of spice mixtures. In European cuisine, coriander powder is often used in the production of minced meat mixtures (such as hamburgers and kebab), sausages, sauces, soups and sweet bakery products. Europe’s main importer of coriander seeds, the United Kingdom is an interesting focus market, accounting for approximately 30% of all European imports, as per the Centre for the Promotion of Imports from developing countries (CBI). Germany is an important consumption market, especially the country’s large food processing industry. The Netherlands, France and Austria are other markets with increasing imports and consumption. Also increasing number of Asian people residing in European countries is impelling the use of coriander in food. Such factors are further fuelling the growth of the Coriander Produce Market in the European region.

Coriander Produce Market Drivers

Higher Shelf Life and Easy-to-Store Attributes of Coriander Seeds are Fuelling Market Growth.

Coriander seeds are mostly used for food preparation in many dishes and it has huge demand owing to its medicinal property in the pharmaceuticals and cosmetics industry. Typical Coriander Produce Industry applications are therefore noted in the food, pharmaceuticals and cosmetics industries. Coriander seed is brown in color, granular in shape and 3.5 to 1.5 mm in size. Owing to such attributes, it can be stored in a compact size for a long time period. Coriander seeds are packed in jute or polypropylene bags. Airtight packaging of dried coriander seed increases its shelf life from 2 to 4 years and storing of fresh coriander leaves at 4 degree Celsius increases its shelf life up to 2 to 3 weeks, according to a research article published in the International Journal of Chemical Studies in April 2019. Such high shelf life of coriander seeds secures the Apiaceae family based industry from price fluctuation, or out-of-stock conditions in the market, which helps market players to continue to supply their end product in the market. For instance, in February 2022, McDonald launched the Coriander ice-cream McFlurry brand as Cilantro Sundae in China for $0.99. For the long-term availability of coriander seeds, major market players prefer to store coriander seeds. The higher shelf life and easy-to-store attributes of coriander seeds are therefore fuelling the growth of the Coriander Produce Market during forecast period 2022-2027.

The Increasing Asian Population Across the World is Driving the Market.

Asian people are spread across the globe and it is increasing continuously. As per the research article by Pew Research Center in April 2021, a record 22 million Asian Americans trace their roots to more than 20 countries in East and Southeast Asia and the Indian subcontinent. Asian population in the U.S. nearly doubled between 2000 and 2019 and is projected to surpass 46 million by 2060. Such an increasing number of Asian-origin people increase the demand for Asian cuisine and food. Coriander seeds are a portion of the spice blend utilized in curry, thanks to its taste. It is also utilized in different additional food like soups, salads and protein. Additional applications include pickled mushrooms, bread, sauces and liqueurs. Crushed coriander is also utilized in sweets and gingerbread spices. A vital Coriander Produce Industry application is definitely recognized in preparation of Asian Cuisine in the food industry worldwide. The Chinese American, Restaurant Association estimates that nearly 45,000 Chinese restaurants operated in the United States in January 2022. The increasing Asian population across the world is therefore driving the Coriander Produce Market during the forecast period 2022-2027. 

Coriander Produce Market Challenges

A High Chance of Infection and Strict Regulatory Guidelines may Hinder the Market Growth

According to Colorado Integrated Food Safety Center for Excellence, between 2000 and 2020, at least 43 cilantro-associated outbreaks were reported to CDC’s (Centers For Disease Control And Administration) National Outbreak Reporting System (NORS), causing 970 illnesses, 75 hospitalizations and no deaths. Implicated pathogens have included Salmonella, Shiga-toxin-producing Escherichia coli, Shigella, norovirus and Cyclospora cayetanensis. To prevent food contamination from coriander, Good Agricultural Practices (GAPs), Good Manufacturing Practices (GMPs), Good Handling Practices (GHPs), Sanitation Standard Operating Procedures (SSOPs) and the United States Food and Drug Administration's "Guide to Minimize Microbial Food Safety Hazards of Fresh-cut Fruits and Vegetables" were used. Such strict regulations and high chances of infections limits coriander market growth. Further, coriander contains Selenium which can be toxic and therefore there is a recommended upper limit is 400mcg/day, therefore, impeding the market growth. These issues are restraining the growth of the Coriander Produce Market.

Coriander Produce Industry Outlook

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Coriander Produce Market. The top 10 companies in the Coriander Produce Market are:

1. Olam Food Ingredient
2. Tyson Foods, Inc
3. Shan Foods Limited
4. B&G Foods
5. Mahashian Di Hatti Private Limited
6. Weber-Stephen Products
7. Badia Spices
8. Empresas Tajín
9. Tony Chachere's
10. The Watkins Company

Recent Developments

• In May 2022, B&G Foods Inc. announced the acquisition of the frozen vegetable manufacturing operations of Growers Express, LLC. Growers Express is an industry innovator which manufactures, produces, packages and sells frozen vegetable products, primarily Green Giant® Riced Veggies and Green Giant Veggie Spirals®. The purchased assets include inventory, equipment, a sublease for a portion of a manufacturing facility in Yuma, Arizona and a lease for a warehouse facility in San Luis, Arizona.
• In April 2022, Tyson Foods’ announced that six of its plants accomplished Zero Waste to Landfill (ZWTL) Gold level validation. Tyson Foods’ facilities were recognized for reducing the production of all by-products like animal fats, hides and inedible proteins and reusing or recycling the remaining by-products to support conservation and efficiency. By accomplishing this zero-waste vision, facilities will decrease or remove their reliance on landfills to assist in saving costs.
• In April 2021, Olam Food Ingredients (“OFI”) gained a leading US private label spices and seasonings maker Olde Thompson at an EV of US$950 million by way of its completely owned subsidiary Olam Holdings Inc. This gain strengthens OFI’s growth strategy of being a global leader in supplying sustainable, natural, value-added food and beverage constituents and solutions so that consumers can enjoy the healthy and tasty products that they admire. This gain will be transformative for OFI’s spices business, which is an attractive and burgeoning portion of OFI’s complete portfolio. This concludes the Coriander Produce Industry Outlook.

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