Food Botanicals Market Size, Share, Trends, Growth 2032
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 Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 - 2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 591.24 Million | USD 1068.83 Million | 6.8% | 2023 |
Food Botanicals Industry Prospective:
According to the report published by Zion Market Research, the global Food Botanicals Market size was valued at 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.
The report analyzes the global Food Botanicals Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Labeling Equipment Market industry.
Food Botanicals Market: Growth Factors
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. Food products made with plants are gaining popularity across the world. Herbs and spices are mostly used in the preparation of food, beverages, and drugs.
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. Botanicals and derivatives made out of fungi or lichens, plants and algae have become extensively available in the European market in the form of food supplements, which have various health benefits. These natural foods are bought over the counter in supermarkets, pharmacies, specialist shops and via online channels.
The demand for food botanicals has been increasing due to advanced manufacturing techniques used for making various food products. Plant-based ingredients are widely used across the food industry as edible plant products have high nutritional value. These aforementioned factors are expected to drive the global food botanicals market over the forecast time period.
The study also offers the market attractiveness and the Porter’s Five Forces model analysis to gauge the competitive landscape of major vendors of the global food botanicals market. This comprehensive study also provides a detailed analysis and overview of each segment included in the study.
Food Botanicals Market: Segmentation
The report concludes the major source, form, application, end-user, and region.
By source, the food botanicals market includes plants, algae, and lichens or fungi.
Based on form, the market is segmented into oleoresins, dried plants and leaves, essential oils, and others.
Based on application, the market is fragmented into beverages, supplements, confectionery, flavor enhancers, and others.
The end-user segment of this market includes commercial and residential.
Food Botanicals Market: Report Scope
| Report Attributes | Report Details |
|---|---|
| Report Name | Food Botanicals Market |
| Market Size in 2023 | USD 591.24 Million |
| Market Forecast in 2032 | USD 1068.83 Million |
| Growth Rate | CAGR of 6.8% |
| Number of Pages | 110 |
| Key Companies Covered | 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, and Ricola AG, among others |
| Segments Covered | By source, By form, By application, By end-user and By region |
| Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
| Base Year | 2023 |
| Historical Year | 2018 to 2022 |
| Forecast Year | 2024 - 2032 |
| Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Food Botanicals Market: Regional Insights
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
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
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Middle East and Africa
Table Of Content
Methodology
FrequentlyAsked Questions
Food botanicals are plant-derived ingredients that are incorporated into food products for their potential health benefits, flavor, aroma, or color. The following ingredients may be included: herbs, seasonings, flowers, fruits, vegetables, and other plant part. They are frequently employed in a variety of forms, including extracts, oils, granules, or whole plants, and are highly regarded for their natural properties and the potential to improve the sensory and nutritional profile of food.
Consumer predilection for botanicals in food products is being driven by an increased awareness of the health benefits associated with natural and plant-based ingredients.
There is an increasing trend toward clean label products, as consumers are increasingly interested in foods that contain fewer artificial additives and are composed of natural ingredients.
The demand for botanical ingredients that are recognized for their therapeutic properties is increasing due to the increasing popularity of functional foods and beverages, which provide health benefits that exceed those of fundamental nutrition.
Global Food Botanicals Market size was valued at 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.
The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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, and Ricola AG.
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