By 2034, the botanical ingredient sector in the
United Kingdom is poised for
gradual growth, projected at a steady CAGR of 2.9%. This expansion
is propelled by a burgeoning demand for herbal supplements,
reflecting a shift towards plant-based preferences among consumers.
This increasing inclination towards botanical ingredients is
anticipated to ignite a surge in demand, thereby propelling market
growth. Key drivers include the recognized therapeutic properties
and medicinal benefits associated with botanical ingredient
products, which continue to captivate consumer interest and drive
market dynamics.
NEWARK,
Del., May 1, 2024 /PRNewswire/ -- The global
botanical ingredient market is slated to progress at a CAGR of
7.3%. This will elevate the market size from US$ 185.91 billion to US$
374.84 billion from 2024 to 2034. The growing healthcare,
cosmetic, and food and beverage markets leverage the demand for
botanical ingredients.
Changing consumer lifestyles levitate the demand for
eco-friendly products. In addition, consumers demand healthy
products, driving the production of botanical ingredients. Hence,
this boosts the natural food ingredient market size. The
strengthening and diversification of distribution networks will
increase the demand for botanical ingredients. Multiple choices can
become available to customers, enhancing the natural food
ingredient market growth prospects.
Technological infrastructure is growing, assisting leading
botanical ingredient manufacturers in producing innovative and
sustainable botanical ingredients. It will generate more options
for consumers, driving the plant-based ingredient market. The
growing concern for sustainability will be another critical
mainstream driver for the botanical ingredient market.
Request a Sample Report!
https://www.futuremarketinsights.com/reports/sample/rep-gb-15055
Key Takeaways from the Market Study
• From 2019 to 2023, the market for botanical ingredients
advanced at a 6% CAGR.
• The Indian botanical ingredient market growth will be the
fastest, which projects the highest CAGR of 7.1%.
• The United States of America
is the largest market by size, estimating the advancement at a CAGR
of 4.4%.
• Liquid plant extract is the largest segment based on form,
securing 26.5% of the market space.
"Synthetic products can be perfect substitutes for organic
products, which can be a serious restraint for the botanical
ingredient market," says Nandini Roy
Choudhury, Client Partner at Future Market Insights.
Competitive Landscape of the Botanical Ingredient
Market
Leading botanical ingredient manufacturers occupy a large market
space, hindering new entrants' entry path. However, new entrants
might enhance their market presence through effective brand
positioning.
Key marketers use product launches, partnerships,
collaborations, acquisitions, and alliances to maintain their
competitive advantage in the market. The following key developments
have changed the competitive landscape:-
• In August 2022, Archer Daniels
Midland Company partnered with New Culture. The strategic move
intended to uplift dairy production. Also, the organization focused
on innovating products and commercializing them.
• In May 2023, International
Flavors & Fragrances Inc. initiated and completed a divestiture
of its Savory Solutions business unit to PAI Partners. This helped
the organization eliminate its liabilities and assets, leveraging
free cash flow.
Request for Report Customization:
https://www.futuremarketinsights.com/customization-available/rep-gb-15055
Key Companies Profiled
- Archer Daniels Midland Company
- International Flavors& Fragrances Inc.
- Koninklijke DSM NV
- Martin Bauer Group
- Bell Flavors &
Fragrances
- Givaudan
- Döhler GmbH
- Koninklijke Euroma BV
- Botanical Ingredients Ltd.
- Nutrasorb LLC.
More Valuable Insights Available
Future Market Insights offers an unbiased global botanical
ingredient market analysis, providing historical data from 2019 to
2023 and forecast statistics from 2024 to 2034.
The market is segmented by Ingredient (Herbs & Spices,
Vegetables & Fruits, Flowers, Leaves, Seeds & Nuts, Barks
& berries, Bulbs & Roots, and Others), Form (Dried Plants,
Liquid Plant Extract, Oleoresins, and Others), End User (Commercial
Chains and Residential Uses), Application (Food & Beverages,
Nutraceuticals & Dietary Supplements, Pet Care Industry,
Pharmaceuticals, Cosmetics and Personal Care, Commercial
Households, and Others), and Region (North America, Latin
America, Western Europe,
Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa).
Purchase the Report for Key Insights:
https://www.futuremarketinsights.com/checkout/15055
Key Segments Profiled
By Ingredient:
- Herbs & Spices
- Vegetables & Fruits
- Flowers
- Leaves
- Seeds & Nuts
- Barks & berries
- Bulbs & Roots
- Others
By Form:
- Dried Plants
- Liquid Plant Extract
- Oleoresins
- Others
By End User:
- Commercial Chains
- Residential Uses
By Application:
- Food & Beverages
- Nutraceuticals & Dietary Supplements
- Pet Care Industry
- Pharmaceuticals
- Cosmetics and Personal Care
- Commercial Households
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- The Middle East and
Africa
About the Food and Beverage Domain at Future Market
Insights
Future Market Insights' food and beverage team offers expert
analysis, time-efficient research, and strategic recommendations to
provide authentic insights and accurate results to help clients
worldwide. With over 100+ reports and one million+ data points, the
team has lucidly analyzed the industry in 50+ countries for over a
decade. The team briefly analyzes key trends, including competitive
landscape, profit margin, and research development efforts.
Authored by:
Nandini Roy Choudhury (Client
Partner for Food & Beverages at Future Market Insights, Inc.)
has 7+ years of management consulting experience. She advises
industry leaders and explores off-the-eye opportunities and
challenges. She puts processes and operating models in place to
support their business objectives.
She has exceptional analytical skills and often brings thought
leadership to the table.
Nandini has vast functional expertise in key niches, including
but not limited to food ingredients, nutrition & health
solutions, animal nutrition, and marine nutrients. She is also
well-versed in the pharmaceuticals, biotechnology, retail, and
chemical sectors, where she advises market participants to develop
methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and
marketing effectiveness, acquisitions and post-merger integration
and cost reduction. Nandini has an MBA in Finance from MIT School
of Business. She also holds a Bachelor's Degree in Electrical
Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in
journals including Beverage Industry, Bloomberg, and Wine Industry
Advisor.
Explore FMI's related ongoing Coverage in Food and
Beverage Domain:
The global botanical flavors demand is anticipated to
be valued at US$ 8233.6 million in
2023, forecast to grow at a CAGR of 8.6% to be valued at
US$ 18,871 million from 2023 to
2033.
The global botanical sugar market size is set to
expand from US$ 108.5 million in 2023
to US$ 245.3 million by 2033. By
2033, the global botanical sugar sales will likely soar at 8.5%
CAGR.
Revenues in the dried plants and leaves segment of the food
botanicals market stood at USD 510 million in 2021,
while that of the entire food botanicals had a revenue of USD
1.4 billion.
The global botanical supplements market size is
projected to gain significant growth from 2023 to 2033.
Global demand for Botanical Co2 Extracts is expected to reach a
market valuation of US$ 0.1 Billion
by the end of the year 2023, accelerating at a CAGR of 3.5% over
the forecast period (2023-2033).
The overall size of the global energy ingredients
market is projected to hit US$ 23.4
billion in 2023 in terms of value. Based on the energy
ingredients market analysis report by FMI, it is expected to
register a CAGR of 6.7% between 2023 and 2033.
The pea protein ingredients market is projected to be
valued at US$ 1.6 billion in 2023 and
is rising to US$ 3.4 billion by
2033.
The global bakery ingredient market value is
US$ 20,795 million in 2023. Bakery
ingredient suppliers expect the market to grow at a CAGR of 6.7%
through 2033, with a forecast valuation of US$ 39,867 million by 2033.
The sodium reduction ingredient market is on an upward
trajectory, foreseen to grow at a CAGR of 6.20% from 2024 to
2034.
The ingredients market for plant-based food &
beverages is estimated to secure a valuation of US$ 2.3 billion in 2023 and is estimated to rise
to US$ 9.30 billion by 2033.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the
Stevie Award, and a member of the Greater
New York Chamber of Commerce) offers profound insights into
the driving factors that are boosting demand in the market. FMI
stands as the leading global provider of market intelligence,
advisory services, consulting, and events for the Packaging, Food
and Beverage, Consumer Technology, Healthcare, Industrial, and
Chemicals markets. With a vast team of over 400 analysts worldwide,
FMI provides global, regional, and local expertise on diverse
domains and industry trends across more than 110 countries.
Contact FMI:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware –
19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
View original
content:https://www.prnewswire.com/news-releases/global-market-for-botanical-ingredients-to-progress-at-a-7-3-cagr-from-2024-to-2034--reaching-us-374-84-billion-future-market-insights-inc-302131674.html
SOURCE Future Market Insights