Updated Jan 22, 2023 05:28

Global Market for Anise, Badian, Fennel And Coriander

Market Overview
In , the global market for anise, badian, fennel and coriander increased by % to $, rising for the second consecutive year after two years of decline. Overall, consumption posted a prominent expansion. Global consumption peaked in and is expected to retain growth in the near future.

In value terms, anise, badian, fennel and coriander production reduced modestly to $ in estimated in export price. Over the period under review, production enjoyed a strong increase. The most prominent rate of growth was recorded in 2010 when the production volume increased by % against the previous year. As a result, production reached the peak level of $. From 2011 to , global production growth remained at a lower figure.

India ( tons) constituted the country with the largest volume of anise, badian, fennel and coriander production, comprising approx. % of total volume. Moreover, anise, badian, fennel and coriander production in India exceeded the figures recorded by the second-largest producer, Turkey ( tons), fivefold. Mexico ( tons) ranked third in terms of total production with a % share.

From 2007 to , the average annual rate of growth in terms of volume in India stood at +%. The remaining producing countries recorded the following average annual rates of production growth: Turkey (+% per year) and Mexico (+% per year).

The global average anise, badian, fennel and coriander yield totaled tons per ha in , surging by % on figures. The yield figure increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of %. The global yield peaked at tons per ha in 2018; afterwards, it flattened through to . Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In , the global anise, badian, fennel and coriander harvested area shrank to ha, approximately reflecting . Overall, the harvested area, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of %. Over the period under review, the harvested area dedicated to anise, badian, fennel and coriander production attained the peak figure at ha in 2019; however, from to , the harvested area failed to regain momentum.


Consumption
For the third year in a row, the global market recorded growth in consumption of anise, badian, fennel and coriander, which increased by % to tons in . In general, consumption recorded a remarkable increase. Over the period under review, global consumption reached the maximum volume in and is expected to retain growth in years to come.

The value of the market for anise, badian, fennel and coriander worldwide stood at $ in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted a buoyant increase. Global consumption peaked in and is likely to continue growth in the immediate term.


Consumption by Country
The country with the largest volume of anise, badian, fennel and coriander consumption was India ( tons), accounting for % of total volume. Moreover, anise, badian, fennel and coriander consumption in India exceeded the figures recorded by the second-largest consumer, Turkey ( tons), fourfold. Mexico ( tons) ranked third in terms of total consumption with a % share.

In India, anise, badian, fennel and coriander consumption expanded at an average annual rate of +% over the period from 2007-. In the other countries, the average annual rates were as follows: Turkey (+% per year) and Mexico (+% per year).

In value terms, India ($) led the market, alone. The second position in the ranking was taken by Turkey ($). It was followed by Mexico.

From 2007 to , the average annual rate of growth in terms of value in India amounted to +%. The remaining consuming countries recorded the following average annual rates of market growth: Turkey (+% per year) and Mexico (+% per year).

In , the highest levels of anise, badian, fennel and coriander per capita consumption was registered in Turkey ( kg per person), followed by Mexico ( kg per person), India ( kg per person) and Bangladesh ( kg per person), while the world average per capita consumption of anise, badian, fennel and coriander was estimated at kg per person.

In Turkey, anise, badian, fennel and coriander per capita consumption expanded at an average annual rate of +% over the period from 2007-. In the other countries, the average annual rates were as follows: Mexico (+% per year) and India (+% per year).


Market Forecast
Driven by increasing demand for anise, badian, fennel and coriander worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .