About Fennel Seeds
The fennel seeds, powder, and oil are widely used in cooking food as herbs and spices and medicines. It is used for treating digestive problems including heartburn, intestinal gas, loss of appetite, etc naturally. Fennel seeds have recognizable long, thin shape and are pale green in color available in common and sweet flavor. It gives the sweet licorice-like taste and adds flavor and aroma to the curries or stews, or can be chewed directly.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 15.2% |
The fennel seeds market is expected to grow at a significant rate in the coming years, driven by factors such as increasing demand for organic and natural ingredients, rising health consciousness, and growing application in the food and beverage industry. The competitive landscape of the fennel seeds market is fragmented, with a presence of both established and emerging players. Analyst at AMA Research estimates that India Vendors will contribute the maximum growth to Global Fennel Seeds market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Agrocrops (India), Dhaval Agri Exports (India), Milan Seeds Corporation (India), Steenbergs Organic (United Kingdom), Greggs plc (United Kingdom), McCormick & Company (United States), Frontier Co-op (Norway), Alfa Herbs Company (Egypt) and Fedco Seeds (Monsanto) (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Fennel Seeds market by Type (Common Fennel Seeds and Sweet Fennel Seeds), Application (Household, Restaurants, Cafes and Others) and Region.
On the basis of geography, the market of Fennel Seeds has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Supermarket/Hypermarket will boost the Fennel Seeds market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Food will boost the Fennel Seeds market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging Consumption of Fennel Seeds for Weight Management and Availability of Fennel Seeds in Powdered and Oil Form
Market Growth Drivers:
Growing Health Awareness Around the Globe and Increasing Demand for Naturally Treating Digestive Problems
Challenges:
Price Fluctuations in Fennel Seeds Market
Restraints:
Side Effects Associated with Consumption of Fennel Seeds
Opportunities:
Increasing Availability of Fennel Seeds in Online Grocery Stores and Rising Demand for the Natural Herbs and Spices in the Developing Regions of the World
Market Leaders and their expansionary development strategies
In May 2022, Belfast, Northern Ireland based Bia Analytical Ltd has increased its authenticity testing portfolio to include basil and fennel seeds, enhancing its expanding range of herbs and spice authenticity tests to help fight food fraud. The complex network of global herb and spice suppliers remains continuously under threat from fraudsters dealing in economically motivated adulteration, with a multitude of opportunities for criminals to adulterate herbs and spices and falsify country of origin along the supply chain.
In Novembe 2022, Fennel launched their mobile investing app with in seed funding. Fennel’s key feature is its in-app ESG data and rankings, which provides unprecedented information to retail investors on public companies’ environmental, social and governance practices. With Fennel, users can invest in publicly-listed stocks and ETFs as they analyze detailed ESG data and further understand how the companies they invest in impact the world they live in.
"The standards for Fennel (Saunf) whole and powder are covered under Regulation of FSSAI’s Food Products Standards & Food Additives. Fennel (Saunf) whole is the dried ripe fruit of Foeniculum vulgare P. Miller Var. Vulgare. It must have characteristic flavour free from foreign odour, mustiness and rancidity. It must be free from mould, living and dead insects, insect fragments, rodent contamination, added colouring matter and any harmful substance. The standards for Fennel (Saunf) whole are based on Extraneous matter, Defective seeds, Moisture, Total ash on dry basis, Ash insoluble in dilute HCl on dry basis, Volatile oil content on a dry basis, Edible seeds other than fennel and Insect damaged matter."
Key Target Audience
Fennel Seeds Manufacturers, Fennel Seeds International Traders, Fennel Seeds Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies, Upstream and Downstream Buyers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.