Agriculture Industry Today

Anise Seed Market Trend Analysis And Industry Report 2023-2030

Global Anise seed Market reached US$ 1.7 billion in 2022 and is expected to reach US$ 2.6 billion by 2030, growing with a CAGR of 5.9% from 2023 to 2030.
Published 09 November 2023

Global Anise Seed Market Surges with Increasing Consumer Adoption and Innovative Products

The Global anise seed market is experiencing substantial growth, driven by widespread consumer adoption and a surge in innovative high-quality products. Anise seeds, known for their sweet, licorice-like taste and traditional medicinal properties, have become a staple in various culinary applications, contributing to the market's upward trajectory.

Leading the market is Bhramarah, a key player producing innovative products like Aniseed essential oil through a steam distillation process, offering benefits such as skin hydration, infection prevention, and hair growth stimulation. Such products are instrumental in boosting the overall adoption rate of anise seeds.

The ground form segment commands over half of the market share, with Asia-Pacific emerging as the dominant region, capturing over 1/3rd of the market. India remains the largest producer and consumer globally, contributing significantly to the market's growth with a production of 550 metric tons during the rabi season.

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Market Dynamics and Trends

Increase in Health Consciousness Among Consumers:

As health consciousness rises globally, there is a growing demand for nutritive and flavorful spices like anise seeds. With medicinal properties that aid digestive health and a unique sweet and spicy flavor, anise seeds find increasing usage in various culinary applications.

According to the U.S. Department of Agriculture, anise seeds boast a nutritive value that includes protein, lipids, carbohydrates, dietary fiber, calcium, phosphorus, potassium, and vitamin C, further driving their adoption.

Rising Demand for Innovative Flavors in Food and Beverages:

The food and beverage industries are embracing anise seeds to meet the increasing demand for innovative flavors. Anise seeds, with their sweet, spicy aroma and licorice-like taste, are becoming integral in various culinary applications. Companies like PassionVines Wine & Spirit are contributing to market growth with products like Pernod-Anise liqueur, known for its distinct licorice flavor.

Less Awareness:

Limited awareness of anise seeds and their potential uses poses a challenge to market growth. Some consumers remain unaware of the benefits of anise seeds, leading to reduced demand for these versatile seeds in culinary and medicinal applications.

Governments are stepping in to address this issue, with initiatives such as the central sector scheme by The Department of Agriculture and Co-operation, aiming to promote awareness and adoption of anise seeds among consumers and farmers.

Market Segmentation

The global anise seed market is segmented based on type, form, distribution channel, end-user, application, and region. The ground form segment, offering convenience and a long shelf life, holds a significant share in the market. Companies like Natural Spices contribute to this segment's growth with products such as Ground Aniseed, used in various sweet and savory dishes.

Geographical Share

Asia-Pacific emerges as a dominant force in the global anise seeds market, with high production rates and widespread consumer adoption. Key players, including AOS Products Pvt. Ltd, Bhramarah, and Kamadhenu Foods, are actively contributing to the market's growth by producing high-quality products and increasing product availability.

In conclusion, the global anise seed market is poised for continued growth, driven by factors such as increased health consciousness, rising demand for innovative flavors, and high production rates in key regions.

Major Players

The major global players in the market include INDIA AROMA OILS AND COMPANY, Bhramarah, Kamadhenu Foods, Lewisia Wellness, Moksha Lifestyle Products, Juvena Herbals, ROYAL NUT COMPANY, Ajfan Dates & Nuts, Natural Spices and AOS Products Pvt. Ltd.

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