The Latin American fennel seeds market size is expected to reach USD 64.73 million in 2024 and reach USD 1761.51 million by 2029, growing at a CAGR of 13.9% from 2024 to 2029. The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rapid development in the food industry.
Fennel is a flowering herb that creates fragrant flowers and seeds and grows throughout the year. The fennel seeds act as flavoring agents in food for ages. The fennel seeds are a commonly used seasoning in the Asian region and are also consumed as mouth fresheners.
The increasing trend of Indian and Asian food along with the increasing consumption of handy foods are the key drivers for the fennel seeds market as fennel is a commonly used ingredient in Indian food. Moreover, the consumers inclination towards experimenting with different flavors and the wide variety of interests in new tastes have resulted in an increase in product offerings.
On the basis of geography, the Latin America market is analyzed under various regions, namely Mexico, Brazil, and Argentina. The Latin America Fennel Seeds Market is predicted to show significant growth during the forecasting period.
McCormick & Company, Inc,, Gregg’s Company, Willmar Schwabe GmbH & Co, Steenbergs Organic, Just Ingredients, Mangalam Seeds Ltd. These are market players dominating the Latin America fennel seeds market.
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