Fennel
is a flowering perennial herb which produces aromatic flowers and
seeds. The fennel seeds are used as flavoring ingredients in the food
industry since a long time. The fennel seeds have remained a popular
seasoning in the Asian region. The consumer’s preference for its
different flavor has fuelled the growth of fennel seeds market across
the world. Its cultivation which was earlier restricted in the
Mediterranean region has spread in the Europe and the U.S. The fennel
seeds market has also found its way in the personal care industry.
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Fennel
Seeds Market: Drivers, Restraints, and Trends
The
fennel seeds market is dependent on the demand side factor. Due to
its aroma and flavor, the fennel seeds market is dependent on the
choice of the consumers. This product has lot of substitutes, hence,
not a necessity for consumers but an optional ingredient. The
presence of regional distribution channel may also play an important
role in the fennel seeds market. The innovations in the personal care
industry has further encouraged the growth of the fennel seeds
market. The fennel seeds have been found as a soothing and relaxing
agent in the aromatherapy. Due to the availability of the organic
fennel seeds products, it has also become possible for the consumers
preferring organic ingredients, to buy the product. This has further
boosted the growth of the market. Fennel seeds have many substitutes
as a flavoring agent. The fennel seeds are known to contain allergens
and are avoided by consumers who are allergic to them. Also, the
cultivation of the fennel seeds is climate specific, and the
consumers opting for organic products may not buy lab grown products
or produced by using chemical fertilizers and unnatural conditions
and this may bring down the fennel seeds market. The fennel seeds
market have a wide range of applications in the market, specially
used as flavor and seasoning ingredient. The fennel seeds are also
used in soft drinks and beverages.
Fennel
Seeds Market: Regional Outlook
The
fennel seeds market has stable growth in Asia. The fennel seeds are
widely manufactured in countries like India, Sri Lanka and Malaysia.
They are part of the traditional food recipes in these region.
Fennel seeds are also consumed as sugar-coated and roasted
mouth-fresher in India. Apart from Asia-Pacific, they are cultivated
in Europe and U.S. The European customer’s preference for healthy
food and the health benefits have fuelled the growth of fennel seeds
market in Europe. Fennel seeds are native to southern Europe.
Macro-economic factors play an important role in the growth of fennel
seeds market in the North and Latin America. The American Pregnancy
Association has validated fennel seeds in tea as an important factor
which may help in reducing the health risk of teas for pregnant
women. The fennel seeds market in the Middle East and South Africa
sees slow growth due to lack of agricultural facilities and high
dependence on imports from other countries.
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Fennel
Seeds Market: Key Players
- McCormick & Company, Inc
- Gregg’s Company
- Willmar Schwabe GmbH & Co. KG.
- Steenbergs Organic
- Just Ingredients
- Mangalam Seeds Ltd.
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