Food Botanicals Market

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.

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

• North America
• Latin America
• Europe
• Japan
• APEJ
• MEA

Source

• Plants
• Algae
• Fungi or Lichens

Form

• Dried Plants and Leaves
• Oelioresins
• Essential Oils
• Other Form

Application

• Beverages
• Confectionery
• Supplements
• Flavor Enhancers
• Other Applications

End Users

• Commercial
• Residential