Report Code: A15368 | Pages: NA | Mar 2023 | 1007 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Food Botanicals Market
Request Now !Food botanicals are concentrated plant extracts or herbs used in the food industry to provide smell, flavor, or color. Plants and plant components, both dried and fresh, may be included. They are also utilized to give food medicinal characteristics and to lengthen the product's shelf life. Herbs are used in dietary supplements to improve the value and efficacy of food products as well as providing immunity against specific diseases. Food botanicals are derived mostly from plants and algae, and are extracted using various organic solvents or water for use in the food, cosmetics, and pharmaceutical industries. The rising acceptance of the ingredients in adding aroma, flavor, or technical qualities to food goods and cosmetics is propelling the global market for food botanicals forward. As the number of vegetarians throughout the world rises, demand for plant-based proteins rises, propelling the food botanicals market forward.
COVID-19 Impact analysis
Top Impacting Factors
Market Trends
Botanicals have a wide range of applications and functions
The market for herbs and botanicals has altered dramatically over the last decade, with the introduction of new areas such as functional foods, cosmeceuticals, and animal feed. This has given producers additional options, allowing them to include botanicals and other natural elements in goods that are no longer limited to synthetic or pharmaceutical substances. Over the next few years, the cosmetics and personal care industry is expected to drive significant growth in the market for botanical components. Natural components with consumer safety and high-quality standards are provided by producers of botanical skincare ingredients.
Ingredient firms are increasing their research and development to provide the cosmetic and personal care industries with unique botanical extracts in response to the ongoing demand from the cosmetic sector. For example, Givaudan debuted its Adaptogenes botanical solution in 2019, which is a collection of ten botanical extracts for skin and body care products, including moringa, turmeric, aloe vera, and acerola.
Increasing product label transparency
Increased customer demand for natural, authentic products, comforting ingredient lists on product labels, and a better understanding of what they consume are driving industry growth. Clean label products are now required worldwide, forcing food manufacturers to develop goods that use botanical extracts and novel formulas in order to meet the growing demand for healthy food items.
An increase in unsweetened, organic, and diet versions has been recorded in response to consumers seeking healthier alternatives to standard drinks. By incorporating herbal additions like ginseng, matcha, and hibiscus into the 'positive' picture of their products, as well as putting the antioxidant and cleaning characteristics of tea to the forefront of their brand imaging and marketing, tea makers are able to drive sales even higher. Health conscious consumers look at the label of the product and making the label more informative is going to give a boost to the market and is going to increase the sales.
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Food Botanicals Market Report Highlights
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Key Market Players | Dabur India Ltd, Ricola Ltd., Herbalife Nutrition, The Himalaya Drug Company, Omega Protein Corp., Amway, Bayer AG, Naturalife Asia Co., Bio-Botanica Inc., Marfrig Group, Arcadian Organic, Natural Meat, Kerry Group |
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