Sarasota, FL -- (SBWIRE) -- 10/23/2018 -- Global Food Botanicals Market: Overview

Food products made by using plants are being accepted on a global scale. Varied types of botanicals used in the preparation of foods, beverages, and drugs are herbs and spices. The popularity of the global food botanicals market is projected to rise in the upcoming years, due to growing prevalence of chronic diseases as food botanicals are economic and safe.

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Global Food Botanicals Market: Growth Factors

The global food botanicals market is projected to gain traction from the augmented implementation of the natural ingredients in different kinds of adding flavors, fragrances, or technical aspects for the food products and cosmetics. As the number of vegetarians is increasing worldwide, the demand for plant-based protein is increasing. This, in turn, is fuelling the expansion of the global food botanicals market. In addition, technological developments made in the food industry have created new uses of varied food botanicals products, which is also fuelling the growth of the market for food botanicals on a global scale. Other factors driving the growth of the food botanicals market globally include availability of popular botanicals as dietary supplements in countries like Germany and the U.S. and the increased research and development activities related to food botanicals in developed countries.

The lack of dosage instruction, growing implementation of new medicines, and the risk of toxin infections are some factors that might hinder the development of the market for food botanicals.

Global Food Botanicals Market: Segmentation

The global botanical extract market is fragmented into source, application, end-users, and form. Based on source, the food botanicals market is classified into plants, algae, and lichens or fungi. On the basis of application the food botanicals market is categorized into beverages, supplements, confectionery, and flavor enhancers, among other applications. Based on form, the food botanicals market is divided into oleoresins, dried plants and leaves, and essential oils, among other forms.

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Global Food Botanicals Market: Regional Analysis

Based on regions, the global market for robotic drilling can be divided into five main regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. European and North American regions are projected to account for considerable revenue market shares in the food botanicals market in the upcoming years. This is due to the easy availability of popular botanicals as dietary supplements in countries like Germany and the U.S. along with the increase in the activities related to research and development in these regions. The Asia Pacific region is anticipated to witness a considerable expansion for the botanical extract market in the projected period. Growing customer knowledge with regards to the advantages of consumption of food products that consist of natural plant extracts, without settling on the taste and flavor is projected to support the expansion of the market for food botanicals in the upcoming years.

Global Food Botanicals Market: Competitive Players

Some of the key players in the global food botanicals market are Omega Protein Corporation, Tyson Foods, Bayer AG, Himalaya Drug Company, Bio-Botanica Inc., Marfrig Group, Kerry Group, Arcadian Organic and Natural Meat, Verde Farms, Frutarom Industries, Associated British Foods, Pilgrim's Pride Corporation, Naturalife Asia, BRF, Ricola AG, and Lipoid Kosmetik, among others.

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Global Food Botanicals Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa