Star Anise Market Predicted to Blossom, Forecasts a Sturdy 5% CAGR Through 2023 to 2030

3 min readSep 13, 2023

New market insights spotlight the impressive journey of the star anise market, painting a picture of prolific growth in the coming years. Predicted to attain a healthy Compound Annual Growth Rate (CAGR) of 5% from 2023 to 2030, this powerhouse spice is steering towards being a billion-dollar market by the end of the decade.

Market Background

Originating from China and Vietnam, star anise has been revered for its aromatic, sweet, and licorice-like flavor, finding eminent usage in Asian and Indian culinary landscapes. Apart from being the heart of the renowned Chinese five-spice powder, star anise is lending its vibrant flavor to a diverse palette of dishes, emerging as a staple in sauces, marinades, soups, and roasted meats.

Market Growth Drivers

The market enjoys steadfast growth, bolstered by its burgeoning popularity in the food and beverage industry, where it lends a distinct flavor to herbal teas and alcoholic beverages. It also finds a remarkable place in herbal medicine owing to its anti-inflammatory properties, stimulating a surge in demand across the globe.

“The ever-evolving culinary horizons and a rise in awareness of its therapeutic attributes play a pivotal role in shaping a lucrative path for the star anise market,” says an industry expert. The spice’s attributes extend to the cosmetics and fragrance sectors, further expanding its market canvas.

Key Report Insights

Asian Pacific continues its dominant run: With China spearheading the production and consumption of star anise, the region is poised to maintain its leading position, backed by a profound historical significance of star anise in its culinary tradition.
North America shines brightly: The region is expected to exhibit an exponential growth trajectory fueled by a growing affinity for Asian flavors and a rising preference for organic and natural ingredients.

Opportunities and Challenges

While the road ahead seems promising, the industry faces the challenge of counterfeiting, a malpractice exacerbated by the scarcity of star anise and escalating demand. The industry urges for stringent regulations to curb food fraud that might hinder market growth.

Market Segmentation

Organic Star Anise sees an upward trajectory: With consumers gravitating towards high-quality, organic products, this segment enjoys a substantial market share, backed by governmental initiatives promoting organic farming.
Retail and e-commerce platforms emerge as hotspots: Leading retailers globally are venturing into offering star anise products, promising an expansive growth horizon for the spice.

Industry Perspective

“The versatility of star anise, spanning culinary delight to medicinal boon, casts a promising growth narrative, offering avenues of innovations and expansions,” shares an industry stalwart.

Competitive Landscape

Companies steering this growth include BTL Herbs & Spices, VLC Spices, Kore International, and Union Trading Company, amongst others, carving a competitive and vibrant market space, gearing to meet the mounting demands with innovation and quality at the helm.

As the star anise market stands on the cusp of a flourishing era, it invites stakeholders, enthusiasts, and consumers to partake in a journey marked by flavor, health, and innovation.

Fairfield Market Research

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