The global demand for Food Botanicals Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Food biotechnicals refers to the fresh or dried plants, herbs or plant extracts used for adding flavour, colour and fragrance in food products. They are extracted using various organic solvents or water to use in the food and pharmaceutical industries. Some of the examples of food biotechnical include mint, ginger, hibiscus, rhubarb and various roots etc. They provide key characteristics to the final food product as well as help to expand the product's shelf life. The use of herbs in dietary supplements improve the value and efficiency of the food products as well as provide immunity against specific diseases. They also provide medicinal characteristics to the food.
Market Dynamics
The key factor driving the demand for the food biotechnical market iis the rising adoption of food botanicals in supplements. Increasing demand for green tea extracts are contributing to the growth of this market. In addition, growing inclination of people towards organic products are expected to create lucrative growth opportunities for this market in the upcoming years. Wide application and functionality of botanicals such as functional foods, cosmeceuticals, and animal feed are surging the demand for this market. Furthermore, rising acceptance of these ingredients in adding aroma, flavor, or technical qualities to food, goods and cosmetics are further pushing the demand for this market. .
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of food botanicals. The growth and trends of food botanicals industry provide a holistic approach to this study.
Market Segmentation
This section of the food botanicals market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Source
- Plants
- Algae
- Lichens Or Fungi
By Form
- Oleoresins
- Dried Plants And Leaves
- Essential Oils
- Others
By Application
- Beverages
- Supplements
- Confectionery
- Flavor Enhancers
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Food Botanicals market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Food Botanicals Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the food botanicals market include Dabur India Ltd, Ricola Ltd., Herbalife Nutrition, The Himalaya Drug Company, Omega Protein Corp., Amway, Bayer AG, Naturalife Asia Co., Bio-Botanica Inc., Marfrig Group, Arcadian Organic and Natural Meat, and Kerry Group. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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