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Food Botanical Market Size, Share, Industry, Forecast (2024-2031)

02-28-2024 10:37 AM CET | Food & Beverage

Press release from: DataM Intelliegence

Food Botanical Market

Food Botanical Market

Market Overview:
The Food Botanical Market is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 7.01% during the forecast period spanning from 2024 to 2031. Food botanicals, derived from concentrated plant extracts or herbs, play a crucial role in the food industry by enhancing flavor, color, fragrance, and even providing therapeutic properties.

Market Dynamics and Trends:

The widespread incorporation of botanicals in food and nutritional supplements, owing to their health-enhancing properties, is a key driver for the growth of the food botanicals market. Notably, green tea extracts are gaining popularity globally due to their numerous health benefits, such as skin improvement and antioxidant properties, contributing significantly to market expansion. However, the inconsistent availability of raw materials is perceived as a constraint hindering market growth.

To Get a Free Sample: https://www.datamintelligence.com/download-sample/food-botanical-market

Market Segmentation Analysis:

The plants and leaves segment is anticipated to emerge as the leading source in the food botanicals market during the forecast period. Various foods and medications utilize plant parts extensively, driving the demand for botanicals. Recent acquisitions, such as Kerry acquiring Natreon, Inc., underscore the growing importance of botanical ingredients in meeting consumer demands for nutritional benefits backed by scientific research.

The bakery and confectionery segment holds a significant share in the food botanicals market, driven by increasing demand for plant-based ingredients and natural flavoring agents. The rise in black cohosh usage in baked goods and confectionery products further contributes to market expansion.

Geographical Share:

North America is expected to dominate the food botanical market, fueled by increasing demand from countries like the United States and Canada. The region's growing vegan population has led to the introduction of vegan supplements and plant-based milks, driving market growth. Manufacturers are leveraging cutting-edge technologies to meet consumer demands, while initiatives to reduce product weight aim to cut costs on raw materials and transportation.

To access the complete report: https://www.datamintelligence.com/research-report/food-botanical-market

Companies and Competitive Landscape:

The food botanical market exhibits fragmentation, with established players and local manufacturers competing for market share. Major players such as Arcadian Organic & Natural Meat Co. Pty Ltd, Kerry Group plc, and Tyson Foods, Inc. are expanding their businesses through strategic investments and acquisitions. Focus on research and development, along with investments in production capabilities, underscores efforts to create innovative products and meet evolving consumer preferences. For instance, investments in flavor manufacturing facilities and strategic partnerships aim to enhance production and distribution capabilities, driving market growth.

Related Reports:

Craft Beer Market: https://datamintelligence.com/research-report/craft-beer-market

Coconut Syrup Market: https://datamintelligence.com/research-report/coconut-syrup-market

Craft Wine Market: https://datamintelligence.com/research-report/craft-wine-market

Organic Tea Market: https://datamintelligence.com/research-report/organic-tea-market

Oat Milk Market: https://datamintelligence.com/research-report/oat-milk-market

Canned Wine Market: https://datamintelligence.com/research-report/canned-wine-market

Contact Us -
Company Name: DataM Intelligence
Email: info@datamintelligence.com
Phone: +1 877 441 4866
Website: DataMIntelligence

About Us -
DataM Intelligence 4Market Research is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

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