About Food Botanicals
Botanical is a substance which is obtained from a plant and it is widely used in medicinal and cosmetic products. Some botanicals are widely used in foods, which is in the form of spices and herbs. In addition, it is also used in various foods, drugs, and beverages. It upsurges the shelf life of products and it also adds key characteristics in order to the final food product. Rising demand for food botanicals and rising investments made by government organizations as well as private companies is likely to be a prime driver of the global food botanical market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.8% |
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global food botanicals market can witness an upsurge in the forecast period. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Food Botanicals market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Tyson Foods (United States), Omega Protein Corporation (United States), Himalaya Drug Company (India), Bayer AG (Germany), Bio-Botanica Inc., (United States), Marfrig Group (Brazil), Arcadian Organic (Australia), Kerry Group (Ireland), Frutarom Industries (Israel) and Verde Farms (United States are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Associated British Foods plc (United Kingdom), Lipoid Kosmetik (Germany), Naturalife Asia (South Korea), BRF S.A. (Brazil), Pilgrim’s Pride Corporation (United States) and Ricola AG, (Switzerland).
Segmentation Overview
AMA Research has segmented the market of Global Food Botanicals market by , Application (Beverages, Supplements, Confectionery, Flavor Enhancers and Others) and Region.
On the basis of geography, the market of Food Botanicals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Oleoresins will boost the Food Botanicals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Commercial will boost the Food Botanicals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Plants will boost the Food Botanicals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Developments Witnessed in the Food and Beverage Industry
Market Growth Drivers:
Increasing Prevalence of Chronic Diseases and Increasing Use of Botanicals in Food and Dietary Supplements to Improve and Maintain Health
Challenges:
Lack of Awareness Regarding Food Botanicals
Restraints:
Food Botanicals Can Be Toxic To the Human Body
Opportunities:
Rising Demand from Emerging Economics such as India, China, and others
Market Leaders and their expansionary development strategies
In June 2022, Fuerst Day Lawson Ltd., has acquired flavor and botanical extract manufacturer Quest Ingredients Ltd., Hereford, England, for an undisclosed sum. The acquisition is part of FDL’s strategy to expand its core markets and customer based in Europe and the United States.
In January 2018, the petal company has launched sparkling botanical blends on the natural beverage horizon, which is foods at the fancy food show. This product launched will help in strengthening the position of the company.
Key Target Audience
Manufacturers of Food Botanicals, Suppliers of Food Botanicals, Wholesalers, Distributors, and Retailers of Food Botanicals, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.