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Anise Seed Market Segmented By Whole, Ground, Oil form with application that is Pharma, Food and beverages, Personal care & Cosmetic
Anise seed has a sweet taste and strong fragrance, it is native to South East Asia and the Mediterranean region. Anise seed is used as a culinary ingredient in food preparation in most of the regions of the world. Anise seed contains antioxidant, anti-bacterial, and antifungal properties that makes it best suitable for medicinal purposes.
Extract of anise seed is used in baked goods and as flavor in beverages. The rise in the urban population has increased the demand of anise seed based food products owing to the health benefits of herbs and spice consumption. To improve digestion anise seeds are sometimes consumed after the meal in some countries.
Anise seed is antiseptic, anti-spasmodic, carminative thus is useful in medicinal purpose which in turn pushing the demand for anise seed. The rising demand for spices and herbs in herbal teas, non-alcoholic beverages, sauces, and dressing’s, bakery and confectionery products is growing the demand of anise seed.
The rapidly increasing foods and beverages industry is expected to grow the demand of anise seed. Anise seed combines deliciously with herbal tea, which makes herbal tea manufacturers demand for more anise seed which is increasing the demand of anise seed.
The anise seed is also used in manufacturing many alcoholic beverages which is increasing the anise seed market. The rising awareness among the consumers about the health benefits of natural and plant-based things rise the demand of anise seed.
Anise seed had application in medicinal use as well as culinary use which is expected to grow the anise seed demand. The demand for flavors in food and beverages has increased the supply of anise seed extract which in turn propels the anise seed market. The growing market for essential oils in all regions of the world is also propelling the anise seed market
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Some of the players of the global anise seed market are Huarache GmbH, Pacific Spice Company, Inc., BELMAR, Mincing, Especias Moriana S.L., Gourmet Spice Company, Rehan Spices, Fleurchem, Inc, Mountain Rose Herbs and others.
The increased demand for anise seed oil used by pharmaceuticals for flavored syrups and lozenges has fueled the demand of anise seed. Tea companies are increasing the product portfolio by offering herbal tea to meet customer demand which in turn helps the anise seed market to grow.
Increased use of anise seed by the food and beverage industry gives the opportunity to the new participant of the anise seed market to show their presence. The growing application of anise seed extracts as a flavor in food products is a major factor fuelling the anise seed market.
Due to this pandemic, the inappropriate supply of food products is observed in most of the parts of the world. Decrease in production of food processing ingredients, lack of workforce, disruptions in supply chain are some of the key factors affecting the supply of food products in the market. The logistical problem and shortage of staff are leading to delay in products in most of the countries.
The food manufacturers are operating their facilities while also maintaining the safety of their staff by regular monitoring and following the guidelines implemented by government bodies. The demand for Anise seed is also expected to have low impact of COVID-19 as it is not a very essential ingredient and lack of its supply will not make any huge impact in food processing industry.