Food Botanicals Market Is Anticipated To Reach $1068.83 Million by 2032

Zion Market Research has published a new report titled “Food Botanicals Market by Source (Plants, Algae, and Lichens or Fungi), by Form (Oleoresins, Dried Plants and Leaves, Essential Oils, and Others), by Application (Beverages, Supplements, Confectionery, Flavor Enhancers, and Others), and by End-User (Commercial and Residential), And By End-User (Commercial And Residential), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 – 2032”. According to the report, the global food botanicals market was approximately USD 591.24 Million in 2023 and is predicted to reach USD 1068.83 Million by the end of 2032. The market is expected to grow with a CAGR of 6.8% during the forecast period.

Botanicals are dried or fresh plants, plant parts, or plants, which are isolated or combined chemical components, extracted in ethanol, water, other organic solvents, essential oils, oleoresins, and other extracts to be used for fragrance, flavoring, functional health benefits, medicine, etc.

Browse the full “Food Botanicals Market by Source (Plants, Algae, and Lichens or Fungi), by Form (Oleoresins, Dried Plants and Leaves, Essential Oils, and Others), by Application (Beverages, Supplements, Confectionery, Flavor Enhancers, and Others), and by End-User (Commercial and Residential), And By End-User (Commercial And Residential), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 – 2032?” Report at https://www.zionmarketresearch.com/report/food-botanicals-market

The increasing prevalence of chronic diseases is the foremost factor expected to drive the food botanicals market globally in the future. Furthermore, technological developments witnessed in the food and beverage industry will increase the use of several botanical ingredients along with the discovery of new ingredients in the future. However, food botanicals can be toxic to the human body, which might restrain this market’s growth in the upcoming years.

The global food botanicals market is segmented based on source, form, application, and end-user.

By source, the food botanicals market includes plants, algae, and lichens or fungi. Plants held a major market share in 2018, as they are a highly preferred source of food and medicine. Furthermore, aromatic plants are used in dietary supplements and food additives on a large scale, which is expected to further drive this segment’s growth in the upcoming years. Based on form, the market is segmented into oleoresins, dried plants and leaves, essential oils, and others. Dried plants and leaves are expected to dominate the market over the forecast timeframe, as they are used in numerous food products to improve taste and as dietary supplements.

Based on application, the market is fragmented into beverages, supplements, confectionery, flavor enhancers, and others. Supplements held the largest market share in 2018, owing to the increasing use of botanicals in food and dietary supplements to improve and maintain health. The end-user segment of this market includes commercial and residential. The commercial segment held a major revenue share in 2018, due to the rising demand for botanicals by pharmaceutical and food processing companies.

By region, the Asia Pacific region is expected to dominate the global food botanicals market over the forecast time period. This can be attributed to the increasing demand for natural food and dietary supplements and the traditional practices in various Asian countries to use botanicals items, such as turmeric, basil, ginger, etc. North America and Europe are likely to hold substantial revenue shares of this global market in the years ahead, owing to the increasing research and development activities and easy availability of botanicals as dietary supplements in the U.S. and Germany.

Food Botanicals Market: Competitive Space

The global food botanicals market profiles key players such as:

• Tyson Foods
• Omega Protein Corporation
• Himalaya Drug Company
• Bayer AG
• Bio-Botanica Inc
• Marfrig Group
• Arcadian Organic and Natural Meat
• Kerry Group
• Frutarom Industries
• Verde Farms
• Associated British Foods
• Lipoid Kosmetik
• Naturalife Asia
• BRF
• Pilgrim’s Pride Corporation
• Ricola AG

This report segments the global food botanicals market into:

Global Food Botanicals Market: Source Analysis

• Plants
• Algae
• Lichens or Fungi

Global Food Botanicals Market: Form Analysis

• Oleoresins
• Dried Plants and Leaves
• Essential Oils
• Others

Global Food Botanicals Market: Application Analysis

• Beverages
• Supplements
• Confectionery
• Flavor Enhancers
• Others

Global Food Botanicals Market: End-User Analysis

• Commercial
• Residential

Global Food Botanicals Market: Regional Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa

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