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Global Food Botanicals Market - Forecast(2023 - 2028)
Food Botanicals Market Overview
Food Botanicals Market size is estimated to reach $2.1 billion by 2026, growing at a CAGR of 3.6% during the forecast period 2021-2026. Food botanicals refer to the plant extracts and herbs that are used to add flavor, fragrance, and color to the food industry. Food botanicals extend the shelf life of the food products and are also used 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 mainly sourced from plants and algae. Food botanicals are increasingly being adopted in dietary supplements offer immunity against various diseases and enhance the value and efficacy of the products. The rise in the adoption of black cohosh in various food applications, increase in the demand for primrose oil in sauces and dressings for its health benefits, and the rise in the adoption of green tea extracts to help in reducing oxidative stress in the body by fighting cell damage caused by free radicals are the factors that are set to drive the growth of the Food Botanicals Market for the period 2021-2026.
Report Coverage
The report: “Food Botanicals Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Food Botanicals Market.
By Source: Plants, Algae, and Lichens or Fungi.
By Form: Oleoresins, Essential Oils, Dried Plants and Leaves, and Others.
By Application: Bakery & Confectionery, Beverages, Sauces and Dressings, Dairy Products, and Others.
By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World (Middle East and Africa).
Key Takeaways
- Geographically, the Asia-Pacific Food Botanicals Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the rise in the demand for primrose oil in sauces and dressings.
- The increase in the adoption of black cohosh in bakery and confectionery products is driving the Bakery & Confectionery segment. However, the lack of consistency in the availability of raw materials is one of the major factors that is said to reduce the growth of the Food Botanicals Market.
- Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Food Botanicals Market report.
Food Botanicals Market: Market Share (%) By Application, 2020
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Food Botanicals Market Segment Analysis-By Source
The Food Botanicals Market based on the Source can be further segmented into Plants, Algae, and Lichens or Fungi. The Plants segment held the largest share in 2020 and is also estimated to be the fastest-growing segment with a CAGR of 3.9% over the period 2021-2026. This growth is owing to the factors such as the increase in the adoption of black cohosh in various food applications and the growing demand for green tea extracts among the young population. The rise in the demand for primrose oil for its health benefits is driving the growth of the Food Botanicals Market. The Algae segment held the second-largest share in 2020 owing to the factors such as the growing demand for sauces and dressings that are made with algae and the rise in the investment by the key players to develop food products sourced from algae.
Food Botanicals Market Segment Analysis-By Application
The Food Botanicals Market based on the Application can be further segmented into Bakery & Confectionery, Beverages, Sauces and Dressings, Dairy Products, and Others. The Bakery & Confectionery segment held the largest share in 2020 owing to the factors such as the increase in the demand for plant-based ingredients in bakery and confectionery products and the growing preferences for natural flavoring agents in bakery and confectionery products. The rise in the adoption of black cohosh in bakery and confectionery products is driving the growth of the Food Botanicals Market. The Sauces and Dressings segment is estimated to be the fastest-growing segment with a CAGR of 4.4% over the period 2021-2026. This growth is owing to the factors such as the rise in the demand for algae-based sauces and dressings and the growing adoption of primrose oil in sauces and dressings for its health benefits.
Food Botanicals Market Segment Analysis-By Geography
The Food Botanicals Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of World. Asia-Pacific held the largest share with 29% of the overall market in 2020. The growth in this segment is owing to the factors such as the rise in the demand for primrose oil in sauces and dressings and an increase in the investment by the key players to develop food products sourced from algae. The growing demand for green tea extracts to help in reducing oxidative stress in the body by fighting cell damage caused by free radicals is driving the growth of the Food Botanicals Market. North America segment is estimated to be the fastest-growing segment over the period 2021-2026. The growth in this segment is owing to the factors such as the growing investment by the key players to develop innovative food botanicals to offer multiple health benefits and the rise in the adoption of black cohosh in bakery and confectionery products.
Food Botanicals Market Drivers
Rise in the Adoption of Food botanicals in Supplements.
Botanicals are extensively used in food and dietary supplements owing to their ability to help in improving and maintaining health with their properties. The key players across the world are using botanicals on a large scale to produce an innovative supplement with enhanced health benefits, which is one of the major factors driving the growth of the Food Botanicals Market.
Increase in the Demand for Green Tea Extracts.
Green tea extracts are increasingly being used across the world owing to their health benefits, such as promoting heart, liver, and brain health, improving the skin, and reducing the risk of cancer. 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 propelling the growth of the Food Botanicals Market.
Food Botanicals Market Challenges
Lack of Consistency in the Availability of Raw Materials.
Researchers across the world are focusing on developing innovative botanicals that can enhance the taste of the food product, offer a unique flavor, and also health benefits owing to the increasing demand for plant-based foods. However, the lack of consistency in the availability of raw materials is one of the major factors that is estimated to reduce the growth of the Food Botanicals Market.
Food Botanicals Market Competitive Landscape:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Food Botanicals Market. Key companies of this market are Kerry Group, Dohler GmbH, Martin Bauer Group, Blue Sky Botanics Ltd, Frutarom Industries Ltd, Bio-Botanica Inc, Arcadian Organic & Natural Meat Co, Indesso Aroma, Verde Farms, LLC, and Ricola AG among others.
Acquisitions/Product Launches:
- In July 2020, Kerry Group has launched Botanicals Collection Zero that is designed for use in non-alcoholic beverages owing to the growing demand from consumers. The botanical is clean label, fully traceable, halal-certified, and kosher suitable, and also does not have sedimentation.
- In March 2019, Martin Bauer Group has acquired BI Nutraceuticals, a leading manufacturer of botanical ingredients including extracts, powders, proteins, and vitamin-mineral premixes for food applications in the United States to expand its food and dietary supplement ingredient offerings.
Relevant Links:
Report Code: FBR 14612
Report Code: AGR 0040
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1. Global Food Botanicals Market - Overview
1.1 Definitions and Scope
2. Global Food Botanicals Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends
2.2 Key trends by Source
2.3 Key trends by Application
2.4 Key rends by Geography
3. Global Food Botanicals Market
3.1 Market Share Analysis
3.2 Comparative Analysis
3.2.1 Product Benchmarking – Key Companies
3.2.2 Financial Analysis– Key Companies
3.2.3 Patent Analysis
3.2.4 Customer Analysis
4. Global Food Botanicals Market - Startup Companies Scenario Premium
4.1 Key Startup Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Venture Capital and Funding Scenario
5. Global Food Botanicals Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Global Food Botanicals Market - Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters Five Force Model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Global Food Botanicals Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Global Food Botanicals Market – By Source (Market Size –$Million/$Billion)
8.1 Flowers
8.2 Tea Leaves
8.3 Herbs & Spices
9. Global Food Botanicals Market – By Form (Market Size –$Million/$Billion)
9.1 Oleoresins
9.2 Dried Plants and Leaves
9.3 Essential Oils
9.4 Others
10. Global Food Botanicals Market – By Application (Market Size –$Million/$Billion)
10.1 Bakery & Confectionery
10.2 Sauces and Dressings
10.3 Alcoholic Beverages
10.4 Carbonated Soft Drinks
10.5 Ice Tea
10.6 Flavored Dairy Products
10.7 Others
11. Global Food Botanicals Market - By Geography (Market Size –$Million/$Billion)
11.1 North America
11.1.1 U.S.
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 U.K.
11.2.2 Germany
11.2.3 France
11.2.4 Italy
11.2.5 Spain
11.2.6 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 India
11.3.3 Japan
11.3.4 South Korea
11.3.5 Australia & New Zealand
11.3.6 Rest of Asia-Pacific
11.4 Rest of the World
11.4.1 Middle East
11.4.2 Africa
11.4.3 South America
12. Global Food Botanicals Market - Entropy
13. Global Food Botanicals Market – Industry/Segment Competition Landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Region – Key companies
13.1.2 Market Share by Countries – Key Companies
13.1.3 Best Practices for Companies
14. Global Food Botanicals Market – Key Company List by Country Premium Premium
15. Global Food Botanicals Market Company Analysis
15.1 Company 1
15.2 Company 2
15.3 Company 3
15.4 Company 4
15.5 Company 5
15.6 Company 6
15.7 Company 7
15.8 Company 8
15.9 Company 9
15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
1.Global Key Manufacturers Market 2019-2024 ($M)1.1 Tyson Market 2019-2024 ($M) - Global Industry Research
1.2 Marfrig Market 2019-2024 ($M) - Global Industry Research
1.3 Arcadian Organic Natural Meat Market 2019-2024 ($M) - Global Industry Research
1.4 Kerry Market 2019-2024 ($M) - Global Industry Research
1.5 Verde Farms Market 2019-2024 ($M) - Global Industry Research
1.6 Pilgrim's Pride Market 2019-2024 ($M) - Global Industry Research
1.7 BRF Market 2019-2024 ($M) - Global Industry Research
2.Global Market by Type Market 2019-2024 ($M)
2.1 Plants Market 2019-2024 ($M) - Global Industry Research
2.2 Algae Market 2019-2024 ($M) - Global Industry Research
2.3 Fungi or Lichens Market 2019-2024 ($M) - Global Industry Research
3.Global Key Manufacturers Market 2019-2024 (Volume/Units)
3.1 Tyson Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Marfrig Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Arcadian Organic Natural Meat Market 2019-2024 (Volume/Units) - Global Industry Research
3.4 Kerry Market 2019-2024 (Volume/Units) - Global Industry Research
3.5 Verde Farms Market 2019-2024 (Volume/Units) - Global Industry Research
3.6 Pilgrim's Pride Market 2019-2024 (Volume/Units) - Global Industry Research
3.7 BRF Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Market by Type Market 2019-2024 (Volume/Units)
4.1 Plants Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Algae Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Fungi or Lichens Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Key Manufacturers Market 2019-2024 ($M)
5.1 Tyson Market 2019-2024 ($M) - Regional Industry Research
5.2 Marfrig Market 2019-2024 ($M) - Regional Industry Research
5.3 Arcadian Organic Natural Meat Market 2019-2024 ($M) - Regional Industry Research
5.4 Kerry Market 2019-2024 ($M) - Regional Industry Research
5.5 Verde Farms Market 2019-2024 ($M) - Regional Industry Research
5.6 Pilgrim's Pride Market 2019-2024 ($M) - Regional Industry Research
5.7 BRF Market 2019-2024 ($M) - Regional Industry Research
6.North America Market by Type Market 2019-2024 ($M)
6.1 Plants Market 2019-2024 ($M) - Regional Industry Research
6.2 Algae Market 2019-2024 ($M) - Regional Industry Research
6.3 Fungi or Lichens Market 2019-2024 ($M) - Regional Industry Research
7.South America Key Manufacturers Market 2019-2024 ($M)
7.1 Tyson Market 2019-2024 ($M) - Regional Industry Research
7.2 Marfrig Market 2019-2024 ($M) - Regional Industry Research
7.3 Arcadian Organic Natural Meat Market 2019-2024 ($M) - Regional Industry Research
7.4 Kerry Market 2019-2024 ($M) - Regional Industry Research
7.5 Verde Farms Market 2019-2024 ($M) - Regional Industry Research
7.6 Pilgrim's Pride Market 2019-2024 ($M) - Regional Industry Research
7.7 BRF Market 2019-2024 ($M) - Regional Industry Research
8.South America Market by Type Market 2019-2024 ($M)
8.1 Plants Market 2019-2024 ($M) - Regional Industry Research
8.2 Algae Market 2019-2024 ($M) - Regional Industry Research
8.3 Fungi or Lichens Market 2019-2024 ($M) - Regional Industry Research
9.Europe Key Manufacturers Market 2019-2024 ($M)
9.1 Tyson Market 2019-2024 ($M) - Regional Industry Research
9.2 Marfrig Market 2019-2024 ($M) - Regional Industry Research
9.3 Arcadian Organic Natural Meat Market 2019-2024 ($M) - Regional Industry Research
9.4 Kerry Market 2019-2024 ($M) - Regional Industry Research
9.5 Verde Farms Market 2019-2024 ($M) - Regional Industry Research
9.6 Pilgrim's Pride Market 2019-2024 ($M) - Regional Industry Research
9.7 BRF Market 2019-2024 ($M) - Regional Industry Research
10.Europe Market by Type Market 2019-2024 ($M)
10.1 Plants Market 2019-2024 ($M) - Regional Industry Research
10.2 Algae Market 2019-2024 ($M) - Regional Industry Research
10.3 Fungi or Lichens Market 2019-2024 ($M) - Regional Industry Research
11.APAC Key Manufacturers Market 2019-2024 ($M)
11.1 Tyson Market 2019-2024 ($M) - Regional Industry Research
11.2 Marfrig Market 2019-2024 ($M) - Regional Industry Research
11.3 Arcadian Organic Natural Meat Market 2019-2024 ($M) - Regional Industry Research
11.4 Kerry Market 2019-2024 ($M) - Regional Industry Research
11.5 Verde Farms Market 2019-2024 ($M) - Regional Industry Research
11.6 Pilgrim's Pride Market 2019-2024 ($M) - Regional Industry Research
11.7 BRF Market 2019-2024 ($M) - Regional Industry Research
12.APAC Market by Type Market 2019-2024 ($M)
12.1 Plants Market 2019-2024 ($M) - Regional Industry Research
12.2 Algae Market 2019-2024 ($M) - Regional Industry Research
12.3 Fungi or Lichens Market 2019-2024 ($M) - Regional Industry Research
13.MENA Key Manufacturers Market 2019-2024 ($M)
13.1 Tyson Market 2019-2024 ($M) - Regional Industry Research
13.2 Marfrig Market 2019-2024 ($M) - Regional Industry Research
13.3 Arcadian Organic Natural Meat Market 2019-2024 ($M) - Regional Industry Research
13.4 Kerry Market 2019-2024 ($M) - Regional Industry Research
13.5 Verde Farms Market 2019-2024 ($M) - Regional Industry Research
13.6 Pilgrim's Pride Market 2019-2024 ($M) - Regional Industry Research
13.7 BRF Market 2019-2024 ($M) - Regional Industry Research
14.MENA Market by Type Market 2019-2024 ($M)
14.1 Plants Market 2019-2024 ($M) - Regional Industry Research
14.2 Algae Market 2019-2024 ($M) - Regional Industry Research
14.3 Fungi or Lichens Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Global Food Botanicals Market Revenue, 2019-2024 ($M)2.Canada Global Food Botanicals Market Revenue, 2019-2024 ($M)
3.Mexico Global Food Botanicals Market Revenue, 2019-2024 ($M)
4.Brazil Global Food Botanicals Market Revenue, 2019-2024 ($M)
5.Argentina Global Food Botanicals Market Revenue, 2019-2024 ($M)
6.Peru Global Food Botanicals Market Revenue, 2019-2024 ($M)
7.Colombia Global Food Botanicals Market Revenue, 2019-2024 ($M)
8.Chile Global Food Botanicals Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Food Botanicals Market Revenue, 2019-2024 ($M)
10.UK Global Food Botanicals Market Revenue, 2019-2024 ($M)
11.Germany Global Food Botanicals Market Revenue, 2019-2024 ($M)
12.France Global Food Botanicals Market Revenue, 2019-2024 ($M)
13.Italy Global Food Botanicals Market Revenue, 2019-2024 ($M)
14.Spain Global Food Botanicals Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Food Botanicals Market Revenue, 2019-2024 ($M)
16.China Global Food Botanicals Market Revenue, 2019-2024 ($M)
17.India Global Food Botanicals Market Revenue, 2019-2024 ($M)
18.Japan Global Food Botanicals Market Revenue, 2019-2024 ($M)
19.South Korea Global Food Botanicals Market Revenue, 2019-2024 ($M)
20.South Africa Global Food Botanicals Market Revenue, 2019-2024 ($M)
21.North America Global Food Botanicals By Application
22.South America Global Food Botanicals By Application
23.Europe Global Food Botanicals By Application
24.APAC Global Food Botanicals By Application
25.MENA Global Food Botanicals By Application