Product Code: ETC093767 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Indonesia is the largest producer of fennel oil in Southeast Asia and has a significant share in the global market. It is used as an essential oil for perfumery, cosmetics, soap industry, bath oils, ointments, and aromatherapy. Additionally, it finds applications in food items like soups and sauces as a flavor enhancer. The country produces around 5 metric tons of fennel oil annually due to its favorable climatic conditions that make it suitable for cultivation.
The popularity of Indonesia native products are on rise globally which is expected to drive the growth of Fennel Oil Market owing to its use as a dietary supplement or flavoring agent even during COVID-19 pandemic. Increasing demand from end user industries such as pharmaceuticals & health care sector will further propel the sales over forecast period. Growing consumption of organic personal care products including soaps and lotions encourages manufacturers to invest more on organic cosmetic ingredients such as fennel oil contributing towards overall market development over long term time frame. Furthermore increasing focus on research & development activities along with new product launches by regional key players are anticipated to be major driving forces behind expanding customer base across different regions.
Growing consumer inclination towards natural aroma based personal care products coupled with rising disposable income are some major factors triggering positive for Indonesia Fennel Oil Market over next few years. Additionally wide range advantages associated with traditional medicines have encouraged medical practitioners across world leading toward herbal extracts including fennel seeds extract fostering business expansion prospects significantly. Inclination among consumers towards non-alcoholic beverages over alcoholic ones has provided numerous opportunities for establishment several commercial production plants worldwide encouraging healthy growth rate throughout 2025 ? 2031 timeline.
The COVID-19 pandemic has had a major impact on the global market for fennel oil in Indonesia. The lockdown and restrictions imposed to contain the spread of the virus have led to a decrease in demand for all types of essential oils, including fennel oil. This has resulted in decreased sales and revenue for manufacturers as well as retailers. Additionally, international trade restrictions have disrupted supply chains, leading to delays or disruptions of shipments from suppliers located outside Indonesia. As such, revenues generated by exports of fennel oil are likely to be significantly reduced during this period.
Some key challenges faced by producers and sellers include fluctuating raw material prices due to rising transportation costs; changing consumer preferences; increasing competition from synthetic substitutes; stringent government regulations related to product labeling and quality control standards; difficulties in finding reliable distributors/retailers who can help promote their products effectively; limited access to finance due to economic slowdown caused by COVID-19 crisis etc.
Leading Indonesia companies operating in the fennel oil market include PT Anugrah Aromatik Utama (AAU), PT Ekosan Prima Cemerlang (EPC), PT Ganesha Agroindo Nusantara (GAN), PT Mustika Natural Oil Resources (MNOR) and others.