| Product Code: ETC089563 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
India`s anethole import market in 2024 continued to be dominated by key players such as China, Metropolitan France, USA, and Saudi Arabia. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market landscape. However, the compound annual growth rate (CAGR) from 2020 to 2024 experienced a significant decline of -12.98%, with a sharp decrease in growth rate from 2023 to 2024 at -31.3%. These figures suggest a challenging environment for anethole import shipments into India, requiring a closer look at market dynamics and potential factors influencing this downward trend.

Anethole is one of the naturally occurring organic compounds found in plants, including anise and star anise. It has a mild sweet taste similar to licorice and is used as a flavor enhancer in food products such as ice cream, baked goods, beverages, and confectionery items. In India, it is majorly used for flavouring applications such as masalas (spices), pickles & chutneys. The increasing demand for food products with natural flavourings has fuelled the growth of the anethole market in India over the past few years.
Growing awareness about health benefits associated with natural ingredients among India consumers coupled with rising disposable income are driving the growth of India Anethole market. Availability of cost effective substitutes from different parts of world has also supported this growth. Moreover , growing consumer preference for healthy lifestyle further boosting up demand for high quality natural ingredients which eventually propel the anethole market in India. Furthermore , increasing application scope due to its unique aromatic properties along with enhancing shelf life product will fuel up market growth during forecast period.
However there are some challenges faced by manufacturers while selling their product due to complexity involved during production process like extraction techniques adopted etc. Price fluctuation depending on availability of raw material can also affect industry profitability since demand supply balance matters much here. Lack or inadequate presence across rural regions can restrain overall industry development since large chunk population still resides outside metro cities where retail penetration is still weak compared to urban counterparts.
The key players operating in India Anethole Market includes Kancor Ingredients Ltd., Akay Group, Synthite Industries Ltd., Indo World Corporation Pvt Ltd., Universal Oleoresins Pvt Ltd., Ambe Phytochem Private Limited, VNR Natural Extracts Pvt Ltd., BVR Ingredients etc
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Anethole Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Anethole Market Revenues & Volume, 2021 & 2031F |
3.3 India Anethole Market - Industry Life Cycle |
3.4 India Anethole Market - Porter's Five Forces |
3.5 India Anethole Market Revenues & Volume Share, By Source of Exctraction, 2021 & 2031F |
3.6 India Anethole Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Anethole Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 India Anethole Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for flavors and fragrances in various industries such as food and beverage, cosmetics, and pharmaceuticals |
4.2.2 Increasing awareness about the benefits of anethole in terms of health and wellness |
4.2.3 Expansion of the food and beverage industry in India, leading to higher consumption of anethole as a flavoring agent |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in anethole production may impact the overall cost of production |
4.3.2 Stringent regulations and quality standards in the food and beverage industry could pose challenges for anethole manufacturers |
5 India Anethole Market Trends |
6 India Anethole Market, By Types |
6.1 India Anethole Market, By Source of Exctraction |
6.1.1 Overview and Analysis |
6.1.2 India Anethole Market Revenues & Volume, By Source of Exctraction, 2021-2031F |
6.1.3 India Anethole Market Revenues & Volume, By Bitter Fennel, 2021-2031F |
6.1.4 India Anethole Market Revenues & Volume, By Sweet Fennel, 2021-2031F |
6.1.5 India Anethole Market Revenues & Volume, By Star Anise, 2021-2031F |
6.1.6 India Anethole Market Revenues & Volume, By Anise, 2021-2031F |
6.1.7 India Anethole Market Revenues & Volume, By Damiana, 2021-2031F |
6.2 India Anethole Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Anethole Market Revenues & Volume, By Food Additive, 2021-2031F |
6.2.3 India Anethole Market Revenues & Volume, By Flavoring Agent, 2021-2031F |
6.2.4 India Anethole Market Revenues & Volume, By Anti-Inflammatory Compounds, 2021-2031F |
6.2.5 India Anethole Market Revenues & Volume, By Sweetener, 2021-2031F |
6.2.6 India Anethole Market Revenues & Volume, By Inhibitor for Cancer, 2021-2031F |
6.3 India Anethole Market, By End-user Industry |
6.3.1 Overview and Analysis |
6.3.2 India Anethole Market Revenues & Volume, By Chemicals and Allied Products, 2021-2031F |
6.3.3 India Anethole Market Revenues & Volume, By Basic Chemical Manufacturing, 2021-2031F |
6.3.4 India Anethole Market Revenues & Volume, By Food and Beverage, 2021-2031F |
7 India Anethole Market Import-Export Trade Statistics |
7.1 India Anethole Market Export to Major Countries |
7.2 India Anethole Market Imports from Major Countries |
8 India Anethole Market Key Performance Indicators |
8.1 Research and development investment in new applications of anethole |
8.2 Consumer perception surveys on the usage and effectiveness of anethole-based products |
8.3 Number of new product launches containing anethole in the Indian market |
9 India Anethole Market - Opportunity Assessment |
9.1 India Anethole Market Opportunity Assessment, By Source of Exctraction, 2021 & 2031F |
9.2 India Anethole Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Anethole Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 India Anethole Market - Competitive Landscape |
10.1 India Anethole Market Revenue Share, By Companies, 2024 |
10.2 India Anethole Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here