Vietnam Star Anise & Extracts Market- Trend Analysis & Forecasts
Description
Vietnam Star Anise Market Overview:
Vietnam is the world’s largest producer and exporter of star anise, cultivating over 40,000 hectares mainly in the northern provinces of Lạng Sơn and Cao Bằng. Annual output often exceeds ** thousand tonnes, with export volumes ranging between ** thousand tonnes and ** thousand tonnes in recent years. Export revenues fluctuate between US$ ** and ** million, depending on harvest yields and global pricing cycles. Much of the crop is exported as whole spice to India, China, and Europe, while growing volumes are processed domestically into essential oils and oleoresins for food, cosmetics, and pharmaceuticals.
Primary Areas/ Elements of Research & Analysis
The report provides comprehensive and valuable insights into the supply and demand dynamics of the Vietnam star anise market. Below are the variables considered and analyzed in the report:
• Supply-demand trends, market growth, and trade
• Market structure, conduct, and performance analysis
• Historical and forecasted market size (volume & value)
• Trade analysis (export & import), including key partners, quantities, values, and price trends
• Supply chain mapping, pricing, and regulatory framework
• Competitive landscape profiling of key players
• Factors influencing market performance, including sustainability trends
Market Growth Factors
Rising international demand for natural and botanical ingredients is the main driver of Vietnam’s anise market. Global food and beverage companies use star anise extracts as flavorings, while pharmaceutical manufacturers depend on it for compounds like shikimic acid, crucial in antiviral production. Export revenue potential is strengthened by value-added processing, as Vietnam expands extraction capacity to produce higher-margin oils. Growing health and wellness spending worldwide and increasing cosmetic applications of essential oils further support growth, with annual export earnings steadily climbing above US$ ** million during peak years.
Market Restraints & Challenges
The industry remains vulnerable to climatic conditions, as yields from star anise trees fluctuate widely with weather and disease cycles. Heavy dependence on a few northern provinces makes the supply base fragile. Price volatility is another persistent issue, with export prices swinging significantly between years in response to harvest levels. Compliance with stringent pesticide residue standards and organic certification requirements in export markets adds costs, while overharvesting risks raise long-term sustainability concerns. Competition from synthetic flavoring alternatives also places pressure on margins for price-sensitive buyers.
Market Segmentation
Whole star anise continues to dominate exports, accounting for most of Vietnam’s ** thousand tonnes shipped annually, while essential oils and oleoresins represent the higher-value share of trade. Organic-certified extracts are growing faster than conventional products, reflecting premium demand from Europe and North America. By application, food and beverages remain the largest end-use segment, followed by pharmaceuticals, which are the fastest-growing due to the rising global requirement for shikimic acid. Cosmetics and personal care are steadily expanding their share, particularly in fragrance and skincare categories, with certified oils achieving premium pricing in global markets.
Competitive Landscape
Vietnam’s market is driven by farmer cooperatives, local distillers, and export-oriented firms such as Vinasamex and Hanfimex. Exporters handle bulk shipments of whole spices, while processors are scaling up to produce oils and extracts that command higher margins. India and China remain the largest buyers, with Vietnam accounting for the majority of their star anise imports. Partnerships with global fragrance and pharmaceutical companies are increasing, as buyers seek traceability and consistent supply. Price competitiveness, certification, and sustainable farming practices are the main differentiators shaping competition.
Outlook
By 2032, Vietnam’s anise & extracts market is projected to expand steadily, with exports maintaining volumes above ** thousand tonnes annually and revenues expected to climb beyond US$ ** million as value-added processing grows. Investments in sustainable cultivation and modern extraction facilities will strengthen the country’s global influence. Despite challenges from price volatility and climate risks, Vietnam is positioned to remain the cornerstone of global star anise supply while advancing up the value chain through organic certification and pharmaceutical-grade extract exports.
Scope of the Report:
• Historical Years: 2018-2023
• Base Year: 2024
• Forecast Period: 2025-2032
• Units: Value (US$ Million) and Volume (Thousand Tonnes)
• Report Coverage: Production, Consumption, Export, and Import
• Segments Covered:
By Type (Whole Star Anise, Broken Star Anise, Powdered Forms, and Essential Oils/Extracts)
By End-use (Culinary & Spice, Flavor & Fragrance, and Pharmaceutical/ Nutraceuticals)
By Sales (Domestic Sales and Exports)
• Companies Profiled: The market players include, Hanfimex Group, Vinasamex JSC, Hanoi Essential Oils Company, Prosi Thang Long, Viet Spice Exporters Ltd., Hoang Minh Trading Co., Senspices, Huy Chuc M & M Co. Ltd., Tuan Minh, Vietnam Star Anise Co. Ltd., Vietherb Natural Extracts, Truong Son Agro Products, Golden Herbs Export Co., Green Aroma Oils Vietnam, Lam Son Ha Spices, Saigon Botanicals, AromaStar Extracts, and Others.
Please note: It will take 4-5 business days to deliver the report upon receipt the order.
Vietnam is the world’s largest producer and exporter of star anise, cultivating over 40,000 hectares mainly in the northern provinces of Lạng Sơn and Cao Bằng. Annual output often exceeds ** thousand tonnes, with export volumes ranging between ** thousand tonnes and ** thousand tonnes in recent years. Export revenues fluctuate between US$ ** and ** million, depending on harvest yields and global pricing cycles. Much of the crop is exported as whole spice to India, China, and Europe, while growing volumes are processed domestically into essential oils and oleoresins for food, cosmetics, and pharmaceuticals.
Primary Areas/ Elements of Research & Analysis
The report provides comprehensive and valuable insights into the supply and demand dynamics of the Vietnam star anise market. Below are the variables considered and analyzed in the report:
• Supply-demand trends, market growth, and trade
• Market structure, conduct, and performance analysis
• Historical and forecasted market size (volume & value)
• Trade analysis (export & import), including key partners, quantities, values, and price trends
• Supply chain mapping, pricing, and regulatory framework
• Competitive landscape profiling of key players
• Factors influencing market performance, including sustainability trends
Market Growth Factors
Rising international demand for natural and botanical ingredients is the main driver of Vietnam’s anise market. Global food and beverage companies use star anise extracts as flavorings, while pharmaceutical manufacturers depend on it for compounds like shikimic acid, crucial in antiviral production. Export revenue potential is strengthened by value-added processing, as Vietnam expands extraction capacity to produce higher-margin oils. Growing health and wellness spending worldwide and increasing cosmetic applications of essential oils further support growth, with annual export earnings steadily climbing above US$ ** million during peak years.
Market Restraints & Challenges
The industry remains vulnerable to climatic conditions, as yields from star anise trees fluctuate widely with weather and disease cycles. Heavy dependence on a few northern provinces makes the supply base fragile. Price volatility is another persistent issue, with export prices swinging significantly between years in response to harvest levels. Compliance with stringent pesticide residue standards and organic certification requirements in export markets adds costs, while overharvesting risks raise long-term sustainability concerns. Competition from synthetic flavoring alternatives also places pressure on margins for price-sensitive buyers.
Market Segmentation
Whole star anise continues to dominate exports, accounting for most of Vietnam’s ** thousand tonnes shipped annually, while essential oils and oleoresins represent the higher-value share of trade. Organic-certified extracts are growing faster than conventional products, reflecting premium demand from Europe and North America. By application, food and beverages remain the largest end-use segment, followed by pharmaceuticals, which are the fastest-growing due to the rising global requirement for shikimic acid. Cosmetics and personal care are steadily expanding their share, particularly in fragrance and skincare categories, with certified oils achieving premium pricing in global markets.
Competitive Landscape
Vietnam’s market is driven by farmer cooperatives, local distillers, and export-oriented firms such as Vinasamex and Hanfimex. Exporters handle bulk shipments of whole spices, while processors are scaling up to produce oils and extracts that command higher margins. India and China remain the largest buyers, with Vietnam accounting for the majority of their star anise imports. Partnerships with global fragrance and pharmaceutical companies are increasing, as buyers seek traceability and consistent supply. Price competitiveness, certification, and sustainable farming practices are the main differentiators shaping competition.
Outlook
By 2032, Vietnam’s anise & extracts market is projected to expand steadily, with exports maintaining volumes above ** thousand tonnes annually and revenues expected to climb beyond US$ ** million as value-added processing grows. Investments in sustainable cultivation and modern extraction facilities will strengthen the country’s global influence. Despite challenges from price volatility and climate risks, Vietnam is positioned to remain the cornerstone of global star anise supply while advancing up the value chain through organic certification and pharmaceutical-grade extract exports.
Scope of the Report:
• Historical Years: 2018-2023
• Base Year: 2024
• Forecast Period: 2025-2032
• Units: Value (US$ Million) and Volume (Thousand Tonnes)
• Report Coverage: Production, Consumption, Export, and Import
• Segments Covered:
By Type (Whole Star Anise, Broken Star Anise, Powdered Forms, and Essential Oils/Extracts)
By End-use (Culinary & Spice, Flavor & Fragrance, and Pharmaceutical/ Nutraceuticals)
By Sales (Domestic Sales and Exports)
• Companies Profiled: The market players include, Hanfimex Group, Vinasamex JSC, Hanoi Essential Oils Company, Prosi Thang Long, Viet Spice Exporters Ltd., Hoang Minh Trading Co., Senspices, Huy Chuc M & M Co. Ltd., Tuan Minh, Vietnam Star Anise Co. Ltd., Vietherb Natural Extracts, Truong Son Agro Products, Golden Herbs Export Co., Green Aroma Oils Vietnam, Lam Son Ha Spices, Saigon Botanicals, AromaStar Extracts, and Others.
Please note: It will take 4-5 business days to deliver the report upon receipt the order.
Table of Contents
128 Pages
- 1. Executive Summary
- 2. Introduction
- 2.1. Objectives & Scope of the Study
- 2.2. Definitions & Economic Importance
- 2.3. Research Methodology
- 2.4. Key Factors and Decision Matrix Evaluation
- 2.5. Limitations & Challenges
- 3. Product/ Market Overview
- 3.1. Vietnam Anise & Extracts Supply Chain Overview
- 3.2. Processing & Grading Standards
- 3.3. End-use Market Applications
- 3.4. Regulatory Framework & Quality Certification Analysis
- 4. Vietnam: Country Profile
- 5. Global Market: An Overview
- 6. Market Growth Factors Analysis
- 6.1. Drivers and Restraints
- 6.2. Challenges and Opportunities
- 6.3. Vietnam Anise & Extracts Industry SWOT Analysis
- 6.4. Vietnam Anise & Extracts Market PESTEL Analysis
- 6.5. Vietnam Anise & Extracts Market Porter's Five Forces analysis
- 6.6. Strategic Levers & Policy Landscape
- 6.7. Disruptive Trends to Watch
- 7. Supply-Demand Analysis
- 7.1. Vietnam Anise & Extracts Production Trends
- 7.2. Processing Capacity & Infrastructure
- 7.3. Domestic Consumption Trends
- 7.4. Import/Export Demand
- 7.5. Value Chain Economics & Margins
- 7.6. Anise & Extracts Product Variants/Derivatives
- 8. Vietnam Anise & Extracts Market: Segmentation Analysis
- 8.1. By Type
- 8.1.1. Whole Star Anise
- 8.1.2. Broken Star Anise
- 8.1.3. Powdered Forms
- 8.1.3. Essential Oils/Extracts
- 8.2. By End-use
- 8.2.1. Culinary & Spice
- 8.2.2. Flavor & Fragrance
- 8.2.3. Pharmaceutical/ Nutraceuticals
- 8.3. By Sales
- 8.3.1. Domestic Sales
- 8.3.2. Exports
- 9. Trade Analysis (Export & Import)
- 9.1. Historical Trade Trend (Volume & Value)
- 9.2. Top Importing/Exporting Countries
- 9.3. Tariff Structures & Trade Agreements
- 9.4. Leading Exporting Companies
- 9.5. Major Global Buyers (Importers/Distributors)
- 9.6. Logistics & Customs Challenges
- 10. Price Analysis
- 10.1. Key Price Influencing Factors
- 10.2. Seasonality & Historical Volatility
- 10.3. Domestic Market Price Trends
- 10.4. Trade Price Trends
- 11. Competitive Landscape
- 11.1. Competitive Mapping
- 11.2. Company Profiles
- 11.2.1. Hanfimex Group
- 11.2.2. Vinasamex JSC
- 11.2.3. Prosi Thang Long
- 11.2.4. Hanoi Essential Oils Company
- 11.2.5. Lam Son Ha Spices
- 11.2.6. Tuan Minh
- 11.2.7. Senspices
- 11.2.8. Huy Chuc M & M Co. Ltd.
- 11.2.9. Lam Dong Star Anise Cooperative
- 11.2.10. Viet Spice Exporters Ltd.
- 11.2.11. Hoang Minh Trading Co.
- 11.2.12. Vietnam Star Anise Co. Ltd.
- 11.2.13. Vietherb Natural Extracts
- 11.2.14. Truong Son Agro Products
- 11.2.15. Golden Herbs Export Co.
- 11.2.16. Green Aroma Oils Vietnam
- 11.2.17. Saigon Botanicals
- 11.2.18. AromaStar Extracts
- *Each company profile includes Company Business Overview, Primary Business Activities, Products Offered, SWOT Analysis, and relevant other relevant details.
- 12. Conclusion
- 13. Appendix
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