New York, NY, Feb. 05, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “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): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025”. According to the report, the global food botanicals market was approximately USD 1,186.1 billion in 2018 and is expected to generate around USD 1,489.3 billion by 2025, at a CAGR of around 3.2% between 2019 and 2025.
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.
Browse through 71 Tables & 32 Figures spread over 110 Pages and in-depth TOC on “Global Food Botanicals Market: By Type, Industry Size, Share, Growth, Analysis, and Forecast, 2018–2026”.
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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. However, food botanicals can be toxic to the human body, which might restrain this market’s growth in the upcoming years.
The global food botanicals market is segmented based on source, form, application, and end-user. By source, the food botanicals market includes plants, algae, and lichens or fungi. Plants held a major market share in 2018, as they are a highly preferred source of food and medicine. Furthermore, aromatic plants are used in dietary supplements and food additives on a large scale, which is expected to further drive this segment’s growth in the upcoming years. Based on form, the market is segmented into oleoresins, dried plants and leaves, essential oils, and others. Dried plants and leaves are expected to dominate the market over the forecast timeframe, as they are used in numerous food products to improve taste and as dietary supplements. Based on application, the market is fragmented into beverages, supplements, confectionery, flavor enhancers, and others. Supplements held the largest market share in 2018, owing to the increasing use of botanicals in food and dietary supplements to improve and maintain health. The end-user segment of this market includes commercial and residential. The commercial segment held a major revenue share in 2018, due to the rising demand for botanicals by pharmaceutical and food processing companies.
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By region, the Asia Pacific region is projected to dominate the food botanicals market globally over the forecast time period. This regional growth will mostly be observed in China, Japan, and India. Rising government initiatives to enhance productivity, increasing technological advancements in the food processing industry, and the growing need for natural food and dietary supplements across the region are expected to drive the Asia Pacific food botanicals market in the upcoming years. Moreover, the traditional practices in various Asian countries to use botanicals items, such as turmeric, basil, ginger, etc. is expected to further drive the Asia Pacific food botanicals market over the estimated timeframe.
North America held a significant revenue share in the market in 2018, due to the region’s flourishing food industry that contributes to the high demand for food botanicals. Moreover, the availability of botanicals in the form of dietary supplements and rising research and development activities are expected to further drive the North American food botanicals market in the years ahead.
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Europe held a considerable revenue share in the global food botanicals market in 2018, due to the increasing number of health-conscious people and high prevalence of various chronic diseases. These factors will increase the demand for dietary supplements in Europe, which, in turn, is anticipated to drive this regional market in the future.
The Latin American food botanicals market is expected to witness notable growth over the forecast timeframe, owing to the rising demand for food botanicals and growing investments made by government organizations and private companies in the region’s food industry.
Browse the full “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): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025” Report at https://www.zionmarketresearch.com/report/food-botanicals-market
The Middle East and Africa is projected to register substantial growth in the future, owing to the substantial developments witnessed in the food processing in Saudi Arabia, the growing need for food botanicals, and rising investments made in food processing.
Some key players of the global food botanicals market include 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.
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This report segments the global food botanicals market into:
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
- The Middle East and Africa
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