Adoption Of Natural Products By Consumers To Boost Acceptance Of Aniseed Oil

Aniseed oil Market possess therapeutic properties and is traditionally used as a home remedy to promote digestive health and as a spice and flavoring agent for beverages and foods. The oil is considered safe for human use and has been recognized as “generally recognized as safe” substance by the US Food and drug Administration. The market for aniseed is expected to witness substantial growth over the forecast period. The major driving factors for the growth of the market are growing consumer acceptance of natural products.  Moreover growing personal disposable income globally presents prosing growth opportunities for the market. However high cost associated with the aniseed oil is the major factor that impedes the growth of the market.

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High acceptance of Ayurveda and Traditional Chinese Medicine to supplement growth of Asia Pacific aniseed market

Plants have been used as a primary source of medicine in the history (since 3000BC) and are still used by pharmaceutical companies for the development of plant-based drugs. Aniseed oil in the therapeutic application may be used as narcotic, sedative, as a pain reliever, antiseptic and as a decongestant. Asia pacific region is expected to grow at the highest rate in the global aniseed market. According to World Health Organization (WHO) medicinal plants are an open, reasonable, and socially proper source of essential medicinal services for over 80% of Asia's population in 2016. China is the largest producer and exporter of medicinal and aromatic plants accounting for over 15% of global exports in 2015 as per International Trade Center. Further the high adoption of traditional Chinese medicines (TCM) in China has promoted the growth of the aniseed market in the country. Similarly in India Ayurveda and herbal drug medical industry in the country is booming at a substantial rate. According to the National Institute of Health in India around 80% rural population uses the indigenous systems of medicines and medical herbs in the country. Aniseed is one of the primary ingredients in the Ayurveda. The growth in the Ayurveda in the country is augmenting the demand for aniseed oils. Further the consumers in the region are more aware about the benefits associated with the natural products. Large consumer base for Ayurveda and Traditional Chinese Medicine has positively supplemented the growth of aniseed market.