Overview of the global fennel seeds market

Market research analysts at Technavio predict that the global fennel seeds market will grow at a CAGR of over 14% by 2021. This market research analysis identifies the rising popularity of ethnic cuisines as one of the primary growth factors for this market. The number of Indian and Chinese restaurants offering ethnic cuisines is growing in the developed countries due to the rising interest in ethnic foods and regional cuisines. The popularity of Indian and Asian cuisines and the rising consumption of convenience foods are the major growth drivers for the fennel seeds market as fennel is one of the most common ingredients in Indian dishes. Additionally, the consumers’ willingness to experiment with new flavors and the widespread interest in new ethnic tastes that have led to a significant increase in product offerings also resutl in a growth in the sales of specialty food ingredients like fennel seeds.

The increasing demand for aromatherapy is one of the latest trends that will gain traction in the fennel seeds market in the coming years. Aromatherapy is an alternative medicine that involves the use of volatile plant materials also known as essential oils. The health benefits of aromatherapy include its ability to boost energy levels, reduce anxiety, ease depression, speed up the healing process, strengthen the immune system, induce sleep, reduce pain, improve digestion, and increase circulation. This will augment the growth prospects of the fennel seeds market since fennel oil is one of the most popular essential oils used in aromatherapy due to its various health benefits.

Competitive landscape and key vendors

The fennel seeds market has the presence of several companies that compete based on factors such as price, product and packaging innovation, and product promotion. The vendor performance in this global market is largely affected by the changing consumer spending pattern and tastes and also by the regional, national, and local economic conditions and demographic trends. Additionally, the intense competition will induce vendors to reduce their product prices, which in turn, will negatively affect their profit margins. To sustain the competition and improve their market shares, vendors have the need to differentiate their product offerings through unique value propositions.

The leading vendors in the market are -

• Agrocrops
• Dhaval Agri Exports
• Mangalam Seeds
• OCEAN OVERSEAS
• SRK Spices

The other prominent vendors in the market include Airson International, Ambika Global, Bhailal Trikamlal & Co., Buddha Global, D.A.Patel, Eastmade Spices & Herbs, Frontier Natural Products, Green Earth Products, Herbs Egypt, Hussain & Sons, Jay Dattatray Trading Company, KFM Commodities, Leader Foods, Milan Seeds Corporation, Monsanto, Organic Products India, PATEL ARVINDKUMAR ISHVARLAL, P.C. Kannan & Co, Rapid Organic, Sun Impex, Sunrise Agriland Development & Research, and Virdhara International.

Segmentation by end-use and analysis of the fennel seeds market

• Food and beverages
• Essential oil

Fennel seeds are widely used in bread, cookies, cakes, and some hot drinks like spiced tea and are also used to flavor cheese, butter, spreads, and salad dressings. Additionally, it is also increasingly used in packaged foods such as chocolate and ready meals. According to this industry research report, the food and beverages segment accounted for the major shares of this global market during 2016.

Geographical segmentation and analysis of the fennel seeds market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the fennel seeds market by 2021. End-users in this region use fennel seeds in fish sauces, roasted lamb, mutton and pork curries, and sweet and sour dishes. The increase in per capita disposable income and the rise in urbanization will be major factors contributing to the growth of the fennel seeds market in this region during the forecast period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global fennel seeds market?
• What are the key market trends impacting the growth of the global fennel seeds market?
• What are the challenges to market growth?
• Who are the key vendors in the global fennel seeds market?
• What are the market opportunities and threats faced by the vendors in the global fennel seeds market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global fennel seeds market?

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