Project report for Fennel Cultivation

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Introduction

It is a highly aromatic and flavourful herb used in cooking and, along with the similar-tasting anise, is one of the primary ingredients of absinthe. Florence fennel is a selection with a swollen, bulb-like stem base that is used as a vegetable. India is top producer of fennel and Rajasthan, Andhra Pradesh, Punjab, Uttar Pradesh, Gujarat, Madhya Pradesh, Karnataka and Haryana are major fennel growing states. The export of fennel seeds from India has witnessed growth at a noteworthy rate over the past few years and in the forecast period on the heels of rising awareness about the health benefits associated with fennel consumption, advancement of technologies that has created different varieties of fennel seeds. Amongst the leading export countries, U.S.A., accounts for the largest share of export in the Indian Fennel market. Key factors driving the robust growth rate of North America region include rising healthcare expenditure, rising consumption of packaged and organic food and beverages, etc. Its seeds after drying are mostly used for spice purpose. Fennel is good source of fibre, vitamin C, potassium. It is used for flavouring meat dishes, soups etc. Its leaves are used for garnishing dishes also in salads. Fennel also has medicinal properties like it is used for digestion, also to treat constipation, diarrhea, throat pain, headache etc. It is cultivated as Rabi crop.

Market potential & Strategy

India is the world’s largest fennel producing country with Syria, Egypt, Turkey, Germany, Spain and Pakistan also making significant contributions to global production. India and Egypt are significant exporters of fennel. Interestingly, for the group of spices including juniper berries and anise seeds, badian, caraway or fennel, India also imported the highest amount of these spices, followed by Germany. The market for fennel seeds is dependent on the factor of demand side. Owing to its flavour and aroma, the said market is dependent on the consumers’ preference. Furthermore, the innovations pertaining to the personal care industry have further inspired the growth of the international market for fennel seeds. Fennel seeds are found to be relaxing and soothing agent in the aromatherapy. Owing to the availability of products of organic fennel seeds, it has become possible for the consumers who prefer organic ingredients, to purchase the product. This has further impacted the growth of the said market positively. The fennel seeds market come with a wide range of applications in the market, particularly as seasoning and flavour ingredient. It is also used soft drinks and beverages. Such widespread usage is boosting the growth of the market.

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