Global Coriander Oil Market - 2023-2030

Overview

Global Coriander Oil Market reached US$ 191.41 million in 2022 and is expected to reach US$ 303.92 million by 2030, growing with a CAGR of 5.95% during the forecast period 2023-2030.

Coriander oil is produced from coriander seeds with the help of various extraction techniques for its use in various applications such as food, medicine and skin care. Coriander oil is highly valued in the medicinal field for its analgesic and antispasmodic properties. The great flavor and antioxidant characteristics increase its use in food applications. The availability of coriander oil in food and therapeutic grades increases its easy use in end-use applications.

With the increased consumer awareness regarding the benefits of coriander oil, various manufacturers increased their product availability in e-commerce platforms for easy accessibility for customers. Oilcure's Coriander Seed Oil, a detoxifier that improves digestion and lowers cholesterol, became available on Amazon in November 2020.

Technological processes such as steam distillation and hydro-distillation help better process coriander plants and obtain coriander oil. In addition, the development of various pre-treatments such as a pulse electric field to the coriander seeds helps in the effective oil extraction. The developments taking place in the field of technology for effective coriander oil production can help in increasing the market size.

Dynamics

Health Benefits Associated with Coriander Oil

Coriander oil offers a range of health benefits. Coriander oil contains essential compounds such as linalool, pinene, cineole, and others used for medicinal treatments. It is a versatile natural remedy for various health concerns, including pain relief, digestive discomfort, and blood purification. Its fungicidal properties can help prevent fungal infections. Additionally, it can promote stomach health and offer relief from digestive issues.

Coriander oil is used in aromatherapy and helps in promoting relaxation by reducing anxiety and stress. It also possesses aphrodisiac qualities and serves as a natural deodorant. It can also aid in weight management and improve mental clarity. Coriander oil is an effective treatment for diabetes and depression and can aid in thyroid issues. It also acts as a natural detoxifier, boosts immunity, aids digestion, and alleviates menstrual pain and irregular blood flow.

Increasing Use of Coriander Oil in Skin Care and Cosmetics

Coriander oil has a high linalool content that helps maintain the complexion of the skin and improves the appearance of the skin. Additionally, it has antibacterial and antifungal properties that can prevent acne and blackheads, and treat skin problems like sunburns, flaking skin, and chapped lips. The high role of coriander oil in providing a nourishing, soothing, and comforting effect to the skin increases its use in various skin care products, driving the market growth.

New product launches increase the market size. For instance, in March 2023, Seppic, a chemical company that designs and supplies speciality chemical products for health and wellbeing introduced a new soothing ingredient, Sepibliss Feel into the market. The product is a patented natural oil extracted from coriander seeds and is used as an active ingredient to promote the holistic beauty experience.

Limited Availability of Raw Materials and Alternative Product Use

Reduction in coriander seed growing areas has limited the raw material availability for oil production. Production of coriander declined by 10.2% to 8.00 lakh tonnes in 2021-22 from 8.91 lakh tonnes in 2020-21 as per the Spice Board of India. Limited availability increased the price of coriander seeds and the high load for its use in the processing facilities.

The high cost and limited resource availability are creating challenges for various manufacturers to generate products and improve their product demand in the market. The high costs of these products are pushing end-users to use various alternative oils in the market for their application in food & beverage, medicinal and cosmetic use, hindering the market growth.

Segment Analysis

The global coriander oil market is segmented based on type, application and region.

High Use in the Food Industry to Improve Flavor

The global coriander oil market is segmented based on application into medical, spa and relaxation, food and beverage, agrochemicals and cosmetics. The food and beverage segment accounted for the largest share of the global coriander oil market. Coriander is highly used as an important flavor in various food products in various regions.

Coriander has antioxidant properties that help in preventing food spoilage. The oil helps in increasing the shelf life of food products due to its antimicrobial activities. Coriander oil enhances the properties of various food products such as salads. The high use of coriander oil as its property of flavouring agent and adjuvant increases the segment growth.

Geographical Penetration

Presence of Largest Coriander Producers in Asia-Pacific

Asia-Pacific dominated the global coriander oil market. The presence of the largest coriander-producing countries such as India and China, increases the market value in this region. According to The Economic Affairs 2022, India produces about 80% of the world's total coriander seed in the world, with Madhya Pradesh, Rajasthan and Gujarat leading the production rates.

The high production in this region contributes to the easy and high accessibility of the raw material for oil extraction and processing. In addition, the increasing industrial sector in this region positively influences the development of food and medical industries that help in the high use of coriander oil in various applications.

Countries such as India, China and Japan have recorded have high use of spices including coriander oil in various food applications such as sausages, salads and soups for its flavor and medicinal value. Further, the use of coriander oil as a traditional medicine in India and China positively drives market growth.

Competitive Landscape

The major global players in the market include Ultra International B.V., Givaudan, Berje Inc., Ernesto Ventos, S.A., H.Interdonati, Inc. & FlavorPlus Division, Penta Manufacturer, PerfumersWorld, Vigon International, Elixens Group and Augustus Oils Ltd.

COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic had a mixed impact on the global coriander oil market. The sudden lockdown declaration by the government created various challenges for the manufacturers to source the required raw materials in the processing of the coriander oil. The unavailability of required labor facilities decreased the production of the oil processing industries.

Manufacturers also faced challenges in the distribution of the final product to the end-user such as residential users and commercial food and medicinal product producers. The low reach of the product decreased product sales in the market. The increased health consciousness among consumers increased the demand for natural products such as coriander oil for its use in food and pharmaceutical products, positively impacting the market growth.

Russia- Ukraine War Impact

The Russia-Ukraine war had a significant impact on various markets across the globe, including the coriander oil market. Russia and Ukraine are one of the top coriander-producing countries in the world. The industry faced multiple challenges and losses due to disrupted supply chain activities and reduced sourcing and distribution of products across different regions.

The war created political disturbances and trade transitions at the global level, negatively impacting market growth. From January 8th, 2023, the UK has imposed a 35% tariff on Russian coriander and has prohibited all Russian essential oils from entering the EU. The limitations on Russian imports are expected to increase the prices of the coriander.

By Type

• Therapeutic Grade
• Other

By Application

• Medical
• Spa and Relaxation
• Food and Beverage
• Agrochemicals
• Cosmetics

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In October 2023, Pepsico announced the launch of a new limited-edition flavour of its popular corn chips brand, Doritos Coriander.
• In January 2023, Sunpure, an edible oil brand of MK Agrotech, entered the spice category with the launch of coriander powder, red chilli powder and turmeric powder.
• In February 2022, McDonald's in China announced the launch of a new limited-edition McFlurry. This ice cream is blended with coriander.

Why Purchase the Report?

• To visualize the global coriander oil market segmentation based on type, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of coriander oil market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global coriander oil market report would provide approximately 53 tables, 48 figures and 214 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies