The anise extract market is estimated to secure a valuation of US$ 12.7 Billion in 2023 and is estimated to rise to US$ 22.1 Billion by 2033. The market is anticipated to grow at a CAGR of 5.7% during the forecast period. The factors accelerating the demand for anise extract are as follows-
The increasing application in the beverage industry
Increasing consumption of baking products
Increased use of confectionary food items
Increased demand for innovative beverages with new flavors
Increased use of flavor and fragrance additives
Technological advancement in the pharmaceutical industry
The growing application in the cosmetics and personal care industry
Advancement in flavor emulsion processing technology
North America dominates the anise extract market during the forecast period.
Anise extract contains a flavor that enhances the taste of the food with ingredients such as iron, manganese, and antioxidants among others to boost the production of healthy blood cells.
The factors driving the growth of anise extract include increased consumer awareness regarding the benefits of anise extract and increased application in baked goods. Also, the health benefits associated with anise extract like being rich in antioxidants and reducing inflammation likely to drive the anise extract market growth.
The other factors supporting the anise extract market growth include rapid urbanization and increased preference for ready-to-eat food and increased consumption of baked food.
Regionally, North America accounts for the highest share of the anise extract market owing to the increasing trend of opting for food with different flavors. In North America countries like USA and Canada are experiencing growth in demand owing to the increased adoption of flavourful products and increased demand for organic and natural food products.
Factors contributing to the growth of the market in Europe include increased consumption of anise-flavored products in countries like Germany, the United Kingdom, and France and rapid growth of the bakery industry.
Asia Pacific is expected to boost the growth of the anise extract market owing to its increased application in the food & beverage industry to add flavors to the cuisines.
Some of the key manufacturers operating in the Anise extract market include Watkins Incorporated, McCormick and Company Inc., Cook flavoring Co., Red Stick Spice Company, Marshalls Creek spices, Kroger Co, Tone brothers, Shanghai huibo International Trade Co., Specialty world Food Ltd., Butler’s Extracts among others.
The market players in the anise extract market are growing their businesses by emphasizing innovations in technology and adopting approaches to make products healthier and beneficial for consumers. Also, the manufacturers are using expansion strategies including new product launches, acquisitions, partnerships, and other expansion capacity measures.
For instance, Red Stick Spice Company launched pure anise extract launch from the oil of exotic star anise spice. This extract can be used in place of anise seed in many recipes.
The future of the anise extract market looks promising with the increased popularity of anise extract in food products with the rising number of the consumer becoming familiar with anise extract flavor. Also, the rapid growth of e-commerce and numerous malls, convenience stores, and departmental stores are contributing to the expansion of the anise extract market. The start-ups operating in the anise extract market are coming up with very innovative product launches.
For instance, founded in 2002 Spicely organics a USA-based start-up launched its anise extract in 2016, made from organic anise seeds which have no GMO, preservatives, or artificial ingredients
Data Point
Key statistics
Expected Market value in 2023
US$ 12.7 Billion
Projected Market Value in 2033
US$ 22.1 Billion
Growth Rate (2023 to 2033)
CAGR of 5.7%
Anise is a flowering plant belonging to the Apiaceae family. Anise extract and anise essential oil are made from anise seeds. The plant is widely cultivated and its extract is used to flavour drinks such as hot chocolate or coffee and also used in baked goods. Anise has a licorice flavour which is mildly spicy, sweet, and very aromatic. This flavour is created by anethole, an organic estragole-related compound that creates aromas in tarragon and basil.
This Anise extract is made from a combination of alcohol, water, and pure anise oil of the finest quality. Alcohol is important, because it is used with water to remove solvents and avoid the degradation of the natural oils. Anise oil is a chemical essential oil obtained from aniseed or anise the perennial herbal plant. Anise extract may be replaced with ground star anise, any liqueur flavouring, and liqueurs flavoured with anise.
Anise extract is a powerful ingredient containing nutrients such as iron, manganese, and antioxidants among others that boasts numbers of health benefits such as for metabolism development and production of healthy blood cells. Anise extract has antibacterial, anti-fungal, and anti-inflammatory properties that help in fighting stomach ulcers, hold blood sugar rates in control and reduce stress, and menopause symptoms.
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The Inflammation Reducing Properties of the Anise Extract Gaining Traction among Consumers
In certain instances, the immune system treats inflammation as a natural reaction to defend against injury and infection. High rates of long-term inflammation are therefore correlated with medical diseases such as cardiac failure, obesity, and diabetes.
Studies of animals and test-tube indicate that anise seed can reduce inflammation to promote improved health and prevent illness. For instance, one analysis in mice found anise extract decreased swelling and discomfort.
Certain evidence says anise extract is rich in antioxidants, which may reduce inflammation and resist oxidative harm causing disease. These health-related properties of anise extract are compelling consumers to try anise extract products that will help to drive the market.
Increasing Application of Anise Extract in Food and Beverages to Enhance the Flavour and Taste Boosting the Demand in the Market
Anise extract is common throughout the world in baked goods and is also often used to spice herbal liqueurs and liquor. In Mediterranean countries, it is used to spice aperitifs such as Anisette, Pernod, Raki, Ouzo, and Arak and is known as Aguardiente in Latin America. Anise flavoring is used in baking bread and cakes in Central and Northern European nations, and it is used in curries in Southeast Asia and India, mainly with shrimp.
Manufactures such as Beanilla, McCormick & Company, Inc, and Apex Flavors, Inc among others are developing anise extract products to increase the flavour of food items. MCCORMICK® PURE ANISE EXTRACT product offered by McCormick & Company, Inc is used to flavour variety of baked goods such as cookies.
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Global Anise Extract Market: Key Players
Some of the key players operating their business in the global anise extract market are
Watkins Incorporated
McCormick & Company, Inc.
Cook Flavoring Co.
Red Stick Spice Company
Marshalls Creek Spices
The Kroger Co.
Tone Brothers, Inc.
Shanghai Huibo International Trade Co.
Specialty World Foods, Ltd.
Butler’s Extracts
Other
The Research and Development Activities and Product Innovations Adopted By Manufacturers Creating Opportunities for Anise Extract Market
Besides the conventional use of anise extract in food and beverages, the manufacturers are introducing the product for other applications such as in cosmetics and personal care. For instance, Lipoid Kosmetik AG is a global leader in the manufacturing of raw materials for consmetics and personal care industry has introduced Aniseed Herbasol® Extract Glycerine SB product for hair care and bath & shower care.
Anise extract offered by Sinerga S.p.A. is used for various applications which include Sebum normalizing formulations, Purifying cleansers, Anti-blemishes serums, gels and creams.
The research has shown that is a promising innovative source of phenolic antimicrobial compounds, which is expected to offer new commercial opportunities to pharmaceutical industry. The use of anise extracts with other antibiotics contributes to novel possibilities for the management of infectious diseases and the usage of waste extracts as an antibiotic additive.
These innovative product offerings are helping to create opportunities in the anise extract market.
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The study is a source of reliable data on
Anise Extract market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers
North America (USA and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, United Kingdom, France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia-Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The anise extract market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the anise extract market report projects the attractiveness of each major segment over the forecast period.
