Global Star Anise Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Type Coverage, By Application Coverage, By Geographic Coverage and Leading Companies)
Published Date: Aug 2023 |
Format:
| No. of Pages: 180
Understanding the industry's current market size and its projected growth can provide insights into its significance and potential opportunities for stakeholders. The report has predicted the star anise market size to reach the US$1 Bn mark in the year 2030. The future growth trajectory looks promising, at a projected CAGR of 5% during 2023 - 2030.
Identifying the main sectors generating demand for star anise such as culinary, pharmaceuticals, and cosmetics.
The rising global acclaim for Asian flavours and cuisines affirms the highest demand for star anise across major Asian markets, especially China, India, Vietnam, and Thailand. China however remains the world's biggest star anise producer and consumer.
The spices industry is the largest revenue contributor in the worldwide market for star anise. Rising acceptance of ethnic cuisines has been recently driving the demand for spice blends, and novel spices. Growing demand for flavours imitating non-vegan foods among the vegan consumer population is driving demand in the spices category.
Some of the prominent players in the global star anise market include BTL Herbs & Spices, Mother Herbs, Union Trading Company, VLC Spices, Viet Delta Industrial Co, .Ltd., and Organic Way LLC.
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