Global Fennel Seeds Market 2020 (Includes Business Impact of COVID-19)

                                              “Global Fennel Seeds Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global fennel seeds market report has been segmented on the basis of product, application, end user, and region.

Request Covid - 19 Impact

Global Fennel Seeds Market: Overview

Fennel seeds, biological name Foeniculum vulgare, is an important seed spice crop belonging to the umbelliferae family. Fennel seeds are used as anti-inflammatory, aromatic, analgesic, antispasmodic, expectorant, diuretic, laxative, galactogogue, stimulant, and stomachic. In addition, fennel seeds are used widely as an important component of confectionery and culinary items as well as used in a wide range of industrial product such as creams, perfumes, soaps.

Global Fennel Seeds Market: Dynamics

Rapidly growing processed food industry is a major factor expected to drive growth of the global fennel seeds market. Additionally, increasing population, increasing for diverse nutritional food, rising disposable income level, improving living standards, growing demand for multi cousin food is some other factors expected to drive the growth of the target market over the forecoming years. Furthermore, fennel seeds are widely used in cookies, cheese, cakes, butter, bread, salad dressings hot drinks, such as spiced tea, and is expected to support the growth of the global fennel seeds market. However, rising prices of fennel seeds and increasing instances of unfair trade practices are some major factor expected to restraint growth of the target market over the forecast period.

Global Fennel Seeds Market: Trends

Over a recent past, the fennel seeds market has gain higher demand owing to its high usage in food industry. Major players are exploring new opportunities via expansions and new product launches across the globe. Online trading is gaining momentum in the market and resulting in increasing demand for certified organic fennel seeds through the online sales channel worldwide. The aforementioned is the current trend witnessed in the global fennel seeds market.

Global Fennel Seeds Market: Segment Analysis

On the basis of product, the organic segment is expected to register the fastest growth in terms of revenue in the next ten years, owing to higher inclination towards organic food and increasing per capita income level. On the basis of application, flavours segment is expected to hold a major revenue share, owing to increasing usage in various sectors such as bakery, food, beverage, and many others. On the basis of end user, food industry segment is expected to witnessed highest CAGR over the forecast years.

Global Fennel Seeds Market: Regional Analysis

The market in Asia Pacific is expected to contribute for the high revenue share and fastest growth rate in the global fennel seeds market. This can be attributed due to, fennel seeds are widely cultivated and grown in countries such as, Sri Lanka, India, and Malaysia. In addition, growing demand in pharmaceutical sector owing to its medical properties, and increasing awareness among consumers in countries in the region. The markets in Europe is expected to contribute for moderately high revenue growth in the global market, followed by Latin America, and Middle East & Africa markets in the global fennel seeds market.

Global Fennel Seeds Market Segmentation:

Segmentation by product:

Conventional
Organic

Segmentation by application:

Essential Oil
Flavours
Seasoning Ingredient
Beverages

Segmentation by end user:

Households
Food Industry
Personal Care Industry