The global fennel seed market will rise at a significant rate due to the expansion of the processed food industry. As spice prices continuously fluctuate because of the changing weather systems, fast-food processors mobilize multiple suppliers that provide alternative spice supply.
In addition, the emerging growth of plant-based choices makes headlines in traditional markets as sustainability and health concerns top the buyer's list. This translates to online platform purchases for fennel seeds.
Its soothing property fuels the use of fennel seed powder in natural skin care products which contributes to its demand from the global market. Additionally, the growing demand for organic fennel seeds due to their antioxidant property elevates their marketability in the medical industry, particularly in Brazil, Mexico, Indonesia, and South Korea. Overall, the price of fennel seeds will be $0.24 per kilogram in 2028, with an estimated CAGR of 14.08%.