Latest News:- Coriander Oil Market: Food and beverage is expected to lead the Application segment during 2024-2028

Coriander Oil Market to grow at a CAGR of 8.5% during 2024-2028

The Coriander Oil Market is expected to grow at a CAGR of 8.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 32.2 million. In the global food industry, foodborne illnesses and bacterial outbreaks pose significant health risks and economic burdens. These issues are particularly prevalent in countries such as the US and Canada, where they are among the leading causes of death. To mitigate these risks and extend the shelf life of food products, there is a growing demand for active packaging solutions. Coriander oil, an essential oil with proven antimicrobial properties, offers a viable solution. By incorporating coriander oil into packaging materials, food manufacturers can effectively prevent bacterial growth while maintaining nutrient quality and ensuring extended product freshness. This approach not only enhances consumer safety but also reduces the economic impact of foodborne illnesses. 

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The Food and beverage subsegment is expected to dominate the Application segment during the forecast period 

Technavio analysts predict that the Food and beverage subsegment will lead the Application segment during 2024 and 2028 The Coriander Oil market exhibits robust growth, driven by its extensive applications in the food, pharmaceutical, and cosmetics industries. Key players in this market focus on enhancing their production capacity to cater to the surging demand. The market's value is projected to expand at a significant CAGR during the forecast period, fueled by increasing health awareness and the oil's antimicrobial, antioxidant, and anti-inflammatory properties.

Here are the various ways based on which the market is segmented: 

• Application
  • Food and beverage
  • Medical
  • Others
• Geography
  • Europe
  • North America
  • APAC
  • South America
  • Middle East and Africa

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• Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
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There are several factors that are causing the market to flourish health benefits associated with coriander oil

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The Coriander Oil market is witnessing significant growth due to the increasing demand for premium products in the natural medicine, wellness sectors, personal care, and food industries. Both raw and roasted coriander oils are popular, with the distinctive flavor and aroma of Coriandrum sativum making it a sought-after ingredient. Organic and Non-GMO coriander seeds are used to produce high-quality organic coriander oil, which is free from harmful chemicals and additives. The oil is extracted through various techniques, including pressure and steam distillation, ensuring higher yields and maintaining the natural properties of the oil. Coriander oil is known for its numerous health benefits, including aiding digestion and acting as an antioxidant to combat free radical damage and skin damage caused by pollution. The oil's antioxidant properties make it a popular ingredient in cosmetics and skincare products. The herbaceous aroma of coriander oil is also widely used in aromatherapy for its calming and relaxing effects. Sustainable sourcing of organic ingredients and natural ingredients is crucial in the production of premium coriander oil, ensuring the highest quality and ethical standards. In the food industry, coriander oil is used as a flavoring agent in various dishes, while in the cosmetics industry, it is used in the production of perfumes, soaps, and lotions. Overall, the Coriander Oil market is expected to continue growing due to its versatility and numerous health and wellness benefits.

Market Research Overview

The global packaged foods and meats market encompasses vendors engaged in food processing to ensure food safety and enhance shelf life. According to Technavio, the market's size is determined by the consolidated revenue generated by these participants. It excludes equipment manufacturers and producers of packaged beverages, including alcoholic and non-alcoholic varieties. Key growth drivers for the market include the health benefits associated with consuming minimally processed foods, such as vegetables, which are rich in essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C.

The Coriander Oil Market is experiencing significant growth, fueled by the health benefits associated with coriander oil. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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