Global Coriander Produce Market is projected to reach the value of $8.85 Billion by 2030

According to the report published by Virtue Market Research, , in 2022, the Global Coriander Produce Market was valued at USD 4.1 Billion and is projected to reach a market size of USD 8.85 Billion by 2030. Over the forecast period of 2023-2030, the market is projected to grow at a CAGR of 10.1%

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The Coriander Produce market has been experiencing steady growth over the years, primarily driven by the increasing demand for fresh herbs and spices in various cuisines around the world. Coriander, also known as cilantro, is a versatile herb widely used in Asian, Middle Eastern, and Latin American dishes for its distinct flavor and aroma. Its popularity in the culinary world has been a key long-term market driver.

However, the outbreak of the COVID-19 pandemic in recent times has had a mixed impact on the Coriander Produce market. On one hand, the closure of restaurants and food service establishments during lockdowns led to a temporary decline in demand for coriander. On the other hand, the surge in home cooking and the growing awareness of the importance of a healthy diet during the pandemic resulted in increased consumption of coriander in household kitchens. As a result, the overall impact of COVID-19 on the market has been somewhat balanced, with shifting consumption patterns and market dynamics.

One of the significant short-term market drivers for coriander produce is the rising consumer inclination towards organic and sustainably sourced products. With an increasing focus on health and environmental sustainability, consumers are seeking products that are free from harmful chemicals and pesticides. This has led to a surge in demand for organic coriander, driving market growth in the short term. As a result, farmers and producers are embracing organic farming practices to cater to this growing demand.

An emerging opportunity in the coriander produce industry lies in the development of value-added products. While fresh coriander remains popular, there is a growing demand for value-added products such as dried coriander leaves, coriander powders, and coriander-infused oils. These products offer convenience to consumers and have an extended shelf life, making them attractive options for both retail and food service sectors.

A notable trend observed in the coriander produce industry is the adoption of sustainable and efficient farming practices. Farmers are increasingly implementing advanced irrigation systems, precision agriculture techniques, and eco-friendly pest management strategies. This not only ensures a higher yield of quality coriander but also contributes to environmental conservation and reduces overall production costs. As sustainability becomes a priority for consumers and businesses alike, this trend is expected to gain further traction in the industry.

Segmentation Analysis:
The global Coriander Produce Market segmentation includes:
By Form: Leaves, Stems, Seed, Powder, Paste, and Extract.

Fresh coriander leaves, also known as cilantro, are widely used in cooking to add a refreshing flavor to dishes. They are commonly used in salads, soups, curries, and as garnish. Coriander stems are often used in cooking, especially in Thai and Vietnamese cuisine, to add a mild coriander flavor to dishes. Coriander seeds are a popular spice and are used whole or ground to enhance the taste of various dishes. They have a warm and citrusy flavor.
Coriander powder is made from ground coriander seeds and is a convenient way to add coriander flavor to dishes. Coriander paste is made by grinding fresh coriander leaves, and it is commonly used as a base for various sauces and chutneys. Coriander extract is used in the food and cosmetic industries for its flavoring and aromatic properties.
Among these forms, coriander powder is the largest segment, favored for its versatility and long shelf life. On the other hand, the seeds segment is the fastest-growing during the forecast period, driven by the increasing demand for coriander seeds in various cuisines and herbal remedies.

By Application: Food, Bakery, Medicine, and Cosmetics.
In the food industry, coriander is widely used as a spice and flavoring agent in various dishes, including curries, soups, stews, and sauces. Its aromatic and tangy taste enhances the overall flavour profile of many cuisines. In the bakery industry, coriander is used to flavor bread, biscuits, and cakes. The use of coriander in baking adds a distinct taste and aroma to these products.
Coriander has been traditionally used in herbal medicine for its potential health benefits. It is believed to aid digestion, reduce inflammation, and promote overall well-being. Coriander extract is used in the cosmetics industry for its fragrance and aromatic properties. It is often incorporated into perfumes, lotions, and skincare products.

Among these applications, the medicine segment is the largest, driven by the longstanding use of coriander in traditional herbal remedies. The food segment is the fastest-growing during the forecast period, as the culinary world continues to explore new ways to incorporate coriander into innovative and flavorful dishes.

By Distribution Channel: Supermarket, Hypermarket, Retail Store, and Others.
Supermarkets offer a one-stop shopping experience, and coriander products are readily available in these stores. Consumers can find a wide range of coriander forms, such as leaves, powder, and seeds, conveniently packaged and displayed in the spice aisle. Hypermarkets are similar to supermarkets but on a larger scale, offering an extensive selection of products, including various coriander options. Their spacious layout allows for a broader assortment of coriander produce. Retail stores, including local grocery stores and specialty food shops, play a significant role in distributing coriander products to local communities. These stores often source fresh coriander leaves and stems directly from local suppliers. The Other category encompasses various distribution channels, such as online platforms and farmers' markets. Online platforms have gained popularity in recent years, allowing consumers to purchase coriander produce from the comfort of their homes.
Among these distribution channels, supermarkets and hypermarkets are the largest segments, offering a diverse range of coriander products under one roof. On the other hand, the retail store segment is the fastest-growing, as consumers appreciate personalized service and locally sourced produce.

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Regional Analysis:
The North American region has a growing appreciation for diverse cuisines, including those that heavily feature coriander. The United States and Canada are among the major consumers of coriander produce in this region. Europe embraces the culinary diversity of coriander, with countries like the United Kingdom, Germany, and France incorporating it into their traditional dishes. The European market for coriander is experiencing steady growth.

Asia-Pacific is the largest segment in the Coriander Produce market, driven by the herb's extensive use in various Asian cuisines. Countries like India, China, Thailand, and Malaysia use coriander as a staple herb in their culinary creations. South America has a rich culinary heritage, and coriander plays an essential role in many traditional dishes. Countries like Brazil, Peru, and Colombia are significant consumers of coriander produce. Coriander is a common ingredient in Middle Eastern and African cuisines, contributing to the growth of the market in this region.

Among these regions, Asia-Pacific stands out as the largest segment due to the widespread use of coriander in Asian cuisines. The fastest-growing region is Europe, where there is a rising interest in diverse culinary experiences, including those incorporating coriander.

Latest Industry Developments:
• Companies in the Coriander Produce market are focusing on expanding their product portfolio to cater to the diverse preferences of consumers. They are introducing innovative products such as pre-packaged coriander paste, frozen coriander leaves, and coriander-infused oils. By offering a wide range of coriander produce options, companies aim to capture a larger share of the market and meet the evolving demands of consumers.

• With increasing awareness of sustainable practices and ethical sourcing, companies are actively promoting their commitment to sustainable coriander cultivation. They are adopting environmentally-friendly farming methods, promoting fair trade, and ensuring responsible water usage in coriander production. Emphasizing sustainable sourcing practices not only appeals to environmentally conscious consumers but also enhances the brand's reputation and market position.

• Recognizing the growing importance of online shopping and digital presence, companies are leveraging digital marketing strategies to enhance their market share. They are investing in online platforms, social media marketing, and search engine optimization to reach a wider audience and attract online consumers. Additionally, companies are partnering with e-commerce platforms to ensure the availability of their coriander products to a broader customer base, regardless of geographical location.

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This release was published on openPR.