Food Botanicals Market

Food Botanicals Market: APEJ to Remain Dominant: Global Industry Analysis 2012 - 2016 & Opportunity Assessment 2017 - 2026

  • 2018-01-29
  • REP-GB-6135
  • 170 pages
  • PDF PPT EXCEL
Food Botanicals Market

An Incisive, In-depth Analysis on the Food Botanicals Market

This study offers a comprehensive, 360 degree analysis on the Food Botanicals market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Food Botanicals market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Food products made using plants are being adopted on a large scale globally. Some botanicals used in foods are in form of spices and herbs that are being used in various foods, drugs and beverages. Increasing prevalence of chronic diseases is driving the demand for botanical drugs and food products which are considered to be safer and economic. Moreover, technological advancements in the food industry is also driving the use of various botanical ingredients along with the discovery of new ingredients.

Producers are also focusing on providing food botanicals as fresh ingredients in a way that can be easy for consumers to consume it with their meals. Consumers moving towards vegetarian lifestyle is also resulting in the increasing use of plant-based proteins and botanicals in the food and beverages. Botanical flavorings is also gaining traction in the beverages. In botanical flavorings, botanicals with varied flavors, health properties, and aromas are being added to the beverages. Botanicals as flavor agents in ready-to-drink beverages, cocktails, and craft beer are also gaining popularity. Researchers worldwide are also conducting research on the new type of plants that can offer a unique flavour, enhance the taste of the food product and at the same time offer health benefits.

The report provided by Future Market Insights (FMI) anticipates the global market for food botanicals to experience a slow growth, increasing at a CAGR of 3.0% between 2017 and 2026. The global food botanicals market is also estimated to reach US$ 1,538,534.2 million revenue towards 2026 end.

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Plants to Emerge as Largest Used Source in the Global Market for Food Botanicals

Plants are likely to emerge as the highly preferred source in the global market for food botanicals between 2017 and 2026. Towards 2026 end, plants as a source are estimated to exceed US$ 992,600 million in terms of revenue. Plant parts, fresh or dried plants or the whole plant are being used on a large scale in various foods and medicines. Moreover, aromatic plants are being used in dietary supplements and food additives on a large scale.

Food botanicals in Form of Dried Plants and Leaves to Gain Maximum Traction in the Market

Food botanicals in the form of dried plants and leaves are likely to gain traction through 2026. Food botanicals in form of dried plants and leaves are estimated to generate revenue exceeding US$ 624,800 million. Preserving plants and leaves for a long time is possible through drying. Rapid drying of plants and leaves is done in order to prevent fungus. Dried plants and leaves are also used in various food to enhance taste and dietary supplements.

Food botanicals to be largely used in Supplements

Food botanicals are likely to find the largest application in supplements. By 2026 end, supplements are estimated to create an incremental opportunity of over US$ 13,000 million between 2017 and 2026. Botanicals are used largely in food and dietary supplements as it has various properties that helps in improving and maintaining health. As for supplements, botanicals are sold in dried or fresh products, tablets, liquid, capsules, and powder form.

Commercial Segment to Emerge as the Largest End User of Food Botanicals

Compared to residential segment, commercial segment is likely to emerge as the largest end user of food botanicals. By 2026 end, commercial segment is estimated to exceed US$ 931,200 million revenue. Food processing companies and pharmaceutical companies are using botanicals on a large scale to produce a better product with increased health benefits. Botanicals are used in producing dietary supplements, functional foods and beverages.

APEJ to Dominate the Global Market for Food Botanicals

Asia Pacific Excluding Japan (APEJ) is likely to remain dominant in the global market for food botanicals. Countries such as India, China, and Australia are witnessing increasing demand for natural food and dietary supplements. Moreover, a traditional practice in various countries in APEJ is driving the usage of botanicals including basil, ginger, turmeric, etc. This is likely to fuel the market for food botanicals in the region. Meanwhile, North America and Europe are also likely to see a significant growth between 2017 and 2026. Availability of well-known botanicals as dietary supplements in the U.S., and Germany are driving the market growth in both the regions. Also, the rise in research and development activities is resulting in the growth of the food botanicals in Europe and North America.

Key Companies

Leading companies in the global market for food botanicals are Tyson Foods, Inc., Marfrig Group., Arcadian Organic & Natural Meat Co, Kerry Group Plc., Verde Farms, LLC, Pilgrim’s Pride Corporation, Associated British Foods Plc., and BRF S.A.

The latest report by Future Market Insights (FMI) titled ‘Food Botanicals Market: Global Industry Analysis 2012-2016 & Opportunity Assessment 2017-2026,’ provides an in-depth analysis, segment-wise analysis, and forecast on the global food botanicals market. The report comprises various factors that are fueling the global market for food botanicals. The food botanicals market has been studied in detail and region-wise forecast including country-wise forecast has been presented. The report also includes an executive summary that shows estimated revenue generated by the key regions and market overview. Moreover, the report also offers information on the use of food botanicals and its advantages. Factors that are resulting in the increasing demand for food botanicals are also given in the report. Trends, driving factors, and restraints in the global food botanicals market are also given in the report.

The global food botanicals market report also includes a brief definition and introduction, enabling readers to know the status of food botanicals market in terms of demand, supply, production, etc. The market is segmented on the basis of source, form, application, end users, and region. Following is the market taxonomy presenting a segment-wise analysis of the global food botanicals market.

Market Taxonomy

The report offers a detailed analysis of all the market segments in the report, along with a detailed description of all the stages through which food botanicals passes before reaching end-users. These stages include raw material suppliers, manufacturers, and end users. The report also comprises key metrics such as year-on-year growth, revenue, market size, absolute dollar opportunity, CAGR, basis point share, and other key numbers.

Region

Source

Form

Application

End Users

  • North America

  • Plants

  • Dried Plants and Leaves

  • Beverages

  • Commercial

  • Latin America

  • Algae

  • Oelioresins

  • Confectionery

  • Residential

  • Europe

  • Fungi or Lichens

  • Essential Oils

  • Supplements

 

  • Japan

 

  • Other Form

  • Flavor Enhancers

 

  • APEJ

 

 

  • Other Applications

 

  • MEA

 

 

 

 

Ongoing trends given in the report offers a clear picture of the overall market. The factors creating an opportunity and growth in the market are also provided in the report. The report talks about new technologies that are being used by manufacturers.

Region-wise the global food botanicals market is segmented on the basis of Latin America, Europe, Japan, Asia Pacific Excluding Japan (APEJ), the Middle East and Africa (MEA), and North America.

The global food botanicals market report also offers market attractiveness index to give an idea on which segment of the market is most attractive. Lastly, the report comprises a detailed profile of some of the leading companies in the global food botanicals market. Detailed profiles of the leading companies are also included in the report.

Research Methodology

All the microeconomic and macroeconomic factors were considered by analysts to offer market numbers. The global food botanicals market size has been analysed with the help of valid data sources and primary and secondary research. To determine the overall market size for the base year, the revenue of all the leading companies in the market has been benchmarked. The report comprises SWOT analysis, market attractiveness analysis, and Porter’s five force analysis. The market research report also provides information on the leading market players to provide a fair idea on market size based on value for the current and upcoming years.

Food Botanicals Market Reports - Table of Contents

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Harish Tiwari

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Pranay Mhaisekar

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