A recent report published by Infinium Global Research on food botanicals market provides in-depth analysis of segments and sub-segments in the global as well as regional food botanicals market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional food botanicals market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global food botanicals market. According to the report, the global food botanicals market is projected to grow at a CAGR of 3.74% over the forecast period of 2021-2027.

Market Insight

The global food botanicals market was valued at USD 1249.79 million in 2021 and is expected to reach USD 1558.11 million in 2027, growing with a CAGR of 3.74% during the forecast period (2021 - 2027). Food botanicals refer to the plant extracts and herbs that are utilized to add flavor, fragrance, and color to the food business. In addition, food botanicals extend the shelf life of the food products and are also employed to add therapeutic properties to the products. These are extracted in different organic solvents and water to be used in the food industry and are primarily sourced from plants and algae. Moreover, the food botanicals are progressively being adopted in dietary supplements that offer immunity against numerous diseases and enhance the value and efficacy of the products.

The rise in the adoption of black cohosh in numerous food applications and the upsurge in the demand for primrose oil in sauces and dressings for its health benefits are the factors that are set to boost the growth of the food botanicals market during the forecast period. Furthermore, the rise in the adoption of green tea extracts to aid in reducing oxidative stress in the body by fighting cell damage caused by free radicals also boosts the growth of the food botanicals market during the forecast period. Moreover, green tea extracts are also a great source of antioxidants that help in reducing oxidative stress in the body by fighting cell damage caused by free radicals, which is further boosting the growth of the food botanicals market. Nevertheless, the absence of consistency in the availability of raw materials is one of the major factors that is said to hinder the growth of the food botanicals market. However, the increasing inclination towards organic products and technological advancements in the field showcase major growth opportunities for the food botanicals market during the projection period.

Among the geographies, the Asia Pacific region is expected to hold the largest share in the global food botanicals market. The focus on herbal treatments for numerous diseases in India and China has given a stimulus to the growth of the global market for food botanicals in the region. Furthermore, the usage of botanical products as food supplements in India has also created room for growth within the market for food botanicals in the Asia Pacific region. On the other hand, the North American region is estimated to grow with a substantial CAGR over the forecast period. The growth in the North American region is owing to the factors such as the increasing investment by the fundamental players to develop innovative food botanicals to provide manifold health benefits and the upsurge in the adoption of black cohosh in bakery and confectionery products.

Segment Covered

The report on global food botanicals market covers segments such as source, form, application, and end user. On the basis of source, the sub-markets include plants, algae, and lichens or fungi. On the basis of form, the sub-markets include oleoresins, dried plants and leaves, essential oils, and others. On the basis of application, the sub-markets include beverages, supplements, confectionery, flavor enhancers, and others. On the basis of end user, the sub-markets include commercial, and residential.

Companies Profiled:

The report provides profiles of the companies in the market such as Dabur India Ltd, Ricola Ltd., Herbalife Nutrition, The Himalaya Drug Company, Omega Protein Corp., Amway, Bayer AG, Naturalife Asia Co., Bio-Botanica Inc., and Tyson Foods, Inc.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of food botanicals market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.