A study shows the Star Anise Market reached USD 1.14 Billion in 2024 whereas predictions indicate it will grow to USD 2.0 Billion by 2035 at a 5.25% CAGR between 2025 to 2035. Star anise from Illicium verum fruit has expanded throughout worldwide markets because chefs use it widely and pharmaceutical development continues to employ this spice. The unique licorice taste and abundant shikimic acid content of star anise makes it a desirable additive for food preparation and pharmaceutical medicine development.
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Market Overview
The dried fruit known as star anise functions both as a seasoning for foods and serves medical purposes in traditional pharmaceutical treatments. Kelanova aims to deliver top-quality star anise that targets four different market sectors including food processing, herb supplement manufacturing, essential oil production and pharmaceutical applications. The growing consumer demand for organic spices combined with interest in natural remedies positions the star anise market for enduring expansion across Asia-Pacific and Europe and North America.
Key Market Drivers
1. The market demands are increasing for natural medicinal ingredients because of rising consumer interest.
The antiviral medicine Tamiflu utilizes shikimic acid which appears in star anise. The pharmaceutical industry requires more star anise to respond to heightened infections of influenza and respiratory infections. WHO projects the global antiviral drug market will exceed USD 70 billion by 2030 thus creating an increased demand for shikimic acid-rich components.
2. Consumer demand for organic and ethnic foods increases at a rising pace:
A worldwide trend toward gourmet cooking alongside increased ethnic food consumption has increased the demand for aromatic spices which includes star anise. Based on projections the organic spices market will exceed 7% CAGR until 2030 while star anise receives strong market demand from Eu