Fennel Seeds Market

Global Fennel Seeds Market Size (2024 to 2029)

The global fennel seeds market size is expected to reach USD 723 Million in 2023 and reach USD 838.68 million in 2024 and is projected to reach a market size of USD 2,176 Million by the end of 2030. The market is projected to grow at a CAGR of 16% during the forecast period 2024 to 2029.

Fennel seeds are dried, ripe fruit of a delicious herbaceous plant growing in temperate climates. They are widely used directly after meals in many countries and are used in a variety of foods. Fennel seeds are commonly used in Asian, European, Italian, and Mediterranean dishes. Specialty food ingredients are used by the food and beverage industry to improve the taste and flavor of the food used. In addition, they are used as tools for preparation and preservation, dyeing, emulsification, and fortifying healthy food.

Market Drivers

The fast-growing processed food industry is a significant factor expected to drive the growth of the fennel seed market across the globe during the forecast period. In addition, population growth, increased nutritional intake, increased waste disposal rates, improved living standards, and growing demand for more cuisine food are some of the factors expected to drive market growth targeted in the coming years. In addition, fennel seeds are widely used in cookies, cheese, cakes, butter, bread, salad dressings, and hot drinks, such as spicy tea, and are expected to support the growth of the global fennel seed market. The main reason for developing the worldwide fennel seed market is the growing awareness of the health benefits of fennel seeds. For example, it helps digest food, reduces obesity, helps with menstrual problems, helps eliminate bad breath, and eliminates chronic cough. In addition, the growth of planned sales increases the product's availability to consumers, which drives the market in the next six years.

Moreover, the demand factor influences the global market for fennel seeds. Though the fennel seeds market prices are highly volatile and vary across different regions, the market is anticipated to escalate at a stable rate. Fennel seeds can also relax the intestines, which can help relieve constipation. The soothing muscles in the stomach and intestines help eliminate gassiness from acid reflux and constipation. The primary component that provides these beneficial effects to fennel seeds is Anethole.

The fennel seeds market is reliant on consumer preference due to its flavor and scent. Furthermore, personal care sector developments have fueled the expansion of the international market for fennel seeds. In aromatherapy, fennel seeds act as a relaxing and soothing agent. Furthermore, consumers who prefer organic foods can now purchase organic fennel seeds thanks to the availability of organic fennel seed products. This further had a positive impact on the fennel seeds market's growth.

Market Restraints

The rising fennel seed prices and increasing cases of unfair trade practices are the major factors expected to restrain the global fennel seeds market growth during 2022 - 2027. The fennel seeds may also have many limitations. More consumption of these fennel seeds may cause difficulty in breathing, pain in the chest, nausea, tightness of the chest and throat, vomiting, hives, itchy skin, and rashes in the skin. Moreover, in those with bleeding disorders, fennel may increase the risk of bleeding or bruising. In addition, fennel may behave like estrogen in hormone-sensitive conditions such as breast cancer, uterine cancer, ovarian cancer, endometriosis, or uterine fibroids. Therefore, these are some of the significant factors responsible for hampering the global fennel seeds market in the upcoming years.

Covid-19 Impact On Fennel Seeds Market

The COVID-19 pandemic had a stable impact on global fennel seeds markets at the regional and country level. The COVID-19 epidemic has resulted in the closure of all regions, line restrictions, and the collapse of transport agencies. With the rapidly rising cases, the fennel seeds beverages market worldwide is being affected. In addition, fennel seeds have been utilized for digestion after a meal. Moreover, due to the COVID-19 pandemic, most of the population was confined to their own places and concentrated on having a healthy diet. Therefore, the demand for fennel seeds has been decreased. On the other hand, the market for fennel seeds is rapidly approaching pre-COVID levels, with a robust growth rate predicted over the forecast period, owing to the economic recovery in most emerging countries. Unprecedented scenarios, however, are casting a bleak picture as a result of the predicted third and subsequent waves.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Fennel Seeds Market By Product

The organic segment is anticipated to have the highest global fennel seeds market revenue and is predicted to rise at the highest CAGR during 2022 - 2027. This is due to the high trend toward organic food, the increase in per capita income level, and consumers' increasing preference for natural and organic-based products around the world. Over the projected period 2022 - 2027, increased demand for organic products free of chemical preservatives and colors would raise demand for the organic segment. Furthermore, demand for organic fennel seeds will be driven by the increasing shift in consumer preference for healthier and tastier food options over everyday traditional food products.

Global Fennel Seeds Market By Application

The application flavors segment is expected to dominate the global fennel seeds market in the next six years due to increased consumption of various foods in several fields such as bakery, beverages, and many others. Moreover, consumers were attracted to more food flavors and were also most interested in trying varieties of food from various categories like savories, desserts, juices, and others. Therefore, this factor leads the flavor segment and further increases the global fennel seeds market growth.

Global Fennel Seeds Market By End-User

The food industry is expected to have the highest CAGR between 2022 - 2027 and propels the global fennel seeds market share and growth. The fennel market is primarily driven by an increase in the consumption of food in the food sector. Therefore, fennel seed powder is much needed as it gives taste and aroma to food. In addition, dried fennel seeds are used as a food spice worldwide, so growing demand in the food industry is expected to escalate market growth for fennel seeds.

REGIONAL ANALYSIS

The market in Asia-pacific is expected to contribute to the high revenue share and fastest growth rate in the global fennel seeds market. This can be attributed to the fennel seeds market being widely cultivated and grown in countries such as India and Malaysia.

In addition, growing demand in the pharmaceutical sector due to its medical properties and increasing awareness among consumers in the region. As a result, the markets in Europe are expected to contribute to moderately high revenue growth in the global fennel seeds market.

KEY MARKET PLAYERS

The primary key players operating in the global fennel seeds market are Gregg's Company, McCormick and Company Inc., Steenbergs Organic, Just Ingredients, Milan Seeds Corporation, Monsanto Company, and Mangalam Seeds Ltd. Some of the market players dominate the global fennel seeds market.

RECENT DEVELOPMENTS IN THE GLOBAL FENNEL SEEDS MARKET

Steenbergs Organic says that their Fennel Seeds are a fragrant herb that has been used in Europe for centuries. Steenberg's organic fennel seeds have an anise-like flavor, with a warm, spicy kick and a medicinal freshness.

DETAILED SEGMENTATION OF THE GLOBAL FENNEL SEEDS MARKET INCLUDED IN THIS REPORT

This research report on the global fennel seeds market is segmented and sub-segmented based on product, application, end-user, and region.

By product

• Organic 
• Conventional 

By Application

• Essential 
• Flavors 
• Seasoning Ingredient 
• Beverages 

By End-User

• Households 
• Food Industry 
• Personal Care Industry 

By Region

• North America 
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa