Food Botanicals Market - By Source (Plant, Algae, Lichens, and Fungi), By Form (Oleoresins, Dried Plants & Leaves, Essential Oils, and Others) By Application (Beverages, Supplements, Confectionary, Flavor Enhancers and Others), and By End User (Commercial and Residential) and By Region - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Food Botanicals Market size was valued at USD XXX in 2020, and is expected to reach USD XXX by 2030, registering a CAGR of XXX from 2020 to 2030. Botanicals are dried or fresh plants, plant parts or plant, which are isolated or combined chemical components, extract in ethanol, water and other organic solvents, oleoresins and essential oil and other extract used for flavouring, fragrance, functional health benefits, medicine, etc. Food product made with plants are gaining popularity across the world. It helps in prevention of chronic diseases.

Market Segmentation:

On the basis of source, global food botanicals market is divided into plants, algae lichens and fungi. On form basis it is divided into oleoresins, dried plants and leaves, essential oil and other. On application analysis basis it divided into beverages, supplements, confectionery, flavour enhancers and others. On end use basis it divided into commercial and residential. On regional basis, food botanicals market divided into Asia Pacific, North America, Europe, and RoW.

Market Dynamics and Factors:

The food botanicals market is anticipated to grow in forecast period owning the driving factor such as rising people awareness towards health benefits of food botanicals and right nutrition. Increase prevalence of chronic disease such as cardiovascular, diabetes, arthritis over the globe and consumption of modern medicine for longer period of time leads to side effect is key factor for driving growth of market. Increase adoption of botanicals in cosmetics industry like hair and skin related products another factor to fuel food botanicals market growth. Rising demand for food botanicals in food industry as natural ingredient help the market to growth. The demand for herbs and spices has been escalating at a skyrocketing pace, these factor has also contributed toward the all over food botanicals market growth. Plant based protein is in great demand amongst vegetarians consumers, these factor is expected to create opportunities within the global market food botanicals. On the flip side, certain group of food botanicals can toxic for the human body and this factor discouraged people from the use of plant based product.

Geographic Analysis:

Asia Pacific is dominate the global food botanicals market followed by North America and Europe. The Asia Pacific is dominating the global market and expected to account highest food botanicals market share in terms of revenue owning to increasing demand for food botanicals for dietary supplements and increasing number of individuals preferring botanicals compare to modern medicine in region. The market is expected to grow at a CAGR of 7.2% in this region in forecast period 2020-2028. The market in North America expected to account for the second highest share contribution to the market with CAGR of 6.7%. As increasing demand for dietary supplement of food botanicals. European food botanicals market is expected to grow at a CAGR of 6.0% during the forecast period.

Competitive Scenario:

Leading companies in global food botanicals industry are Tyson Foods Inc., Marfrig Group, Arcadian Organic and Natural Meat Co., Kerry Group Plc., Verde Farms LLC, Pigrim’s Pride Corporation, Associated British Food Plc., Bio Botanica Inc., International Flavors and Fragrances Inc. and BRF S.A.  

Food Botanicals Market Report Scope