Reliable Data You Can Trust
Reliable Data You Can Trust
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.
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.
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.
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.
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.
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