Global Food Botanicals Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

The Global 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.
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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.
Market Segmentation:
Global Food Botanicals Market – By Source
Plant
Algae
Lichens
Fungi
Global Food Botanicals Market – By Form
Oleoresins
Dried Plants & Leaves
Essential Oils
Others
Global Food Botanicals Market – By Application
Beverages
Supplements
Confectionary
Flavour Enhancers
Others
Global Food Botanicals Market – By End-User
Commercial
Residential
Global Food Botanicals Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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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.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Food Botanicals industry, although key threats, opportunities and disruptive technologies that could shape the Global Food Botanicals Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Food Botanicals Market most.
The data analysis present in the Global Food Botanicals Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Food Botanicals Market business.
The 2021 Annual Global Food Botanicals Market offers:
100+ charts exploring and analysing the Global Food Botanicals Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Food Botanicals Market type
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