The global botanical flavors demand is anticipated to be valued at USD 8233.6 million in 2023, forecast to grow at a CAGR of 8.6% to be valued at USD 18,871 million from 2023 to 2033.
Healthy alternatives are becoming more popular among consumers, while preemptive health care has become a necessity for a healthier lifestyle. Due to their bioactive compounds and diversity of biological effects, botanical flavors are increasingly used in food & beverage manufacturing.
In addition to their shelf life, powdered botanical flavors have proven to be in high demand since consumers demand products with high caffeine content. During COVID-19, the demand for personal hygiene products such as mouthwash, toothpaste, facial toners, etc., increased significantly, resulting in a significant increase in botanical flavors market demand.
| Report Attribute | Details |
|---|---|
| Estimated Base Year Value (2022) | USD 7,876.7 million |
| Expected Market Value (2023) | USD 8233.6 million |
| Anticipated Forecast Value (2033) | USD 18,871 million |
| Projected Growth Rate (2023 to 2033) | 8.6% CAGR |
Over the past decade, the market for botanicals has changed significantly as new segments have emerged, including nutrition, skin care, and animal feed. The advancements in science and technology have also provided manufacturers with a new opportunity to position natural ingredients in products that are not only competing with synthetics but also with medicinal ingredients.
In the coming years, botanical ingredients are expected to gain substantial traction in the cosmetic and personal care market. Consumers and healthcare professionals benefit from botanical skincare ingredients' high quality and safety standards.
India is considered one of the most lucrative markets for botanicals and products derived from them because of the widespread use of these Ayurvedic treatments in various industries. With the increase in the e-commerce market, there is also an increase in the market demand for botanical flavors in a wide range of industries in the market.
As small and large businesses have grown, the demand for botanical ingredients has also increased. For instance, New Hope Network discovered numerous products infused with herbal and botanical flavors at the Summer Fancy Food Show.
In a variety of products, these natural flavors stood out. New flavors such as Belvoir Farm Sparkling Elderflower Lemonade, Hella Cocktail Co.Bitters & Soda Spritz Aromatic, Clark and Hopkins Laos Hot Sauce with Lemongrss, Cleveland Kitchen Kraut Whiskey Dill, and many more.
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Food and beverage manufacturers use botanical flavors as natural ingredients and functional ingredients in their recipes, which has fueled demand for botanical flavors worldwide. Companies have integrated botanical flavors into their existing products and are offering where new beverages with botanical flavors are in high demand in the market.
As chronic diseases become more prevalent, the demand for multifunctional products increases significantly. Additionally, it has various healthy attributes, making it an extremely useful product for companies trying to meet consumers' growing demand for healthy and organic foods in the market.
Due to the innovation and formulation of nutritional beverages, the beverage industry is facing stiff competition globally as companies are concentrating on health benefits and flavor options. A variety of plant-based remedies and protections can be obtained from botanical-infused flavors in the market.
As a result of their fragrance, these infusions can alleviate depression and uplift moods. There are many different uses for these infusions, including natural therapies, alternative medicines, and pharmaceutical applications as well. Food and beverage industries are using botanical flavors to enhance the taste and flavor of their products and their nutritional value by adding real botanical flavor.
In addition to the antifungal, antimicrobial, and antibacterial properties, botanically infused flavors also help improve the taste of beverages for easier consumption and a more positive health outcome worldwide. Consumers seeking enhanced health benefits and natural-based products are also increasingly seeking botanical flavors.
Besides having a lot of nutritional value, botanical flavors also have protein, vitamins, and other minerals within them. Additionally, consumers are now experiencing a distinct taste of natural ingredients when they eat and drink daily.
By increasing sleep time and promoting a relaxed sleep cycle, these beverages also help reduce weight, chronic inflammation, and insomnia. Natural alternatives are becoming more popular as consumers become more aware of the negative effects of synthesized flavors and products on illnesses such as obesity, diabetes, and heart disease.
Due to the hype around natural and healthy beverages, the market is experiencing many negative health issues associated with these flavors. Several countries have banned flavor enhancers in infant food since they are known to cause serious brain damage and paralysis.
In addition to this, these flavors are extremely addictive due to the toxic chemicals tasted by the taste buds, and their desire for more and more will keep increasing over time. A great deal of decline for these flavors in the market has also been seen in the use of preservatives and chemicals to extend shelf life since the outbreak of COVID-19.
These flavors have hidden negative effects on the body, causing diseases such as depression, migraines, insomnia, headaches, nausea, and more. As there are such a large number of products that are or contain a very high percentage of free glutamates, avoiding their consumption may seem impossible.
Due to this concern, many people who try to avoid MSG and other natural flavor enhancers, even those who have committed not to consume them, are limiting the growth of botanical flavors.
Principal Consultant
North America is expected to have a market share of 29.4% in 2022. According to the forecast, the North American market is expected to account for the majority of growth, both in terms of value and volume, during the forecast period.
Plant-based flavors in North America are greatly influenced by the presence of key manufacturers with broad distribution networks. In addition to the growing vegan population, and the rising popularity of natural & organic food products in the market has highly influenced the growth of this market.
A growing market for sports nutrition is expected to increase demand for botanical flavorings, which is expected to be beneficial to the market as a whole. The increasing demand for clean-label products in the market has helped to propel the demand for these products in the market.
With more and more people looking for healthy and active lifestyles, along with the COVID-19 spreading across the globe, the demand for botanical flavors is likely to rise in the coming years.
A significant growth rate is being experienced in the European region, which provides manufacturers with an excellent opportunity for growth in the market. According to estimates, the European market share is expected to accumulate a market share worth 27.5% in 2022.
With the increasing demand for cosmetics and anti-aging products in the market, botanical flavors have seen tremendous growth. As a result of growing market demands for natural and fruit-based products, botanical fruit-based products are now on the rise, and their demand is expected to continue to rise in the coming years.
A growing middle-class population, rising disposable income, and diet-conscious consumers are driving product demand in Europe. In addition, the bakery industry in Europe delivers high-quality natural and healthy bakery products containing dietary fibers, which has been contributing to the demand for botanical-based nutrients like dietary fibers in the market.
Consumers are increasingly favoring herbal drinks, teas, and infusions. Due to this, companies are introducing new products to satisfy consumers' demands.
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From 2023 to 2033, Asia-Pacific is predicted to have the fastest growth rate, registering a CAGR of 8.1%. The utilization of portability of food products containing botanical ingredients is being stimulated by factors such as the penetration of organized and e-commerce retail.
The presence of a large number of distributors distinguishes the region. India, China, and Sri Lanka, for example, are the world's foremost tea producers. Furthermore, several other medicinal and non-medicinal botanicals, such as amla, hibiscus flower, and ginger, are widely grown in the region.
Because of the increased consumer preference for organic/natural products and the increased emphasis on healthy lifestyles, Asia Pacific may endure the fastest growth rate in the coming years.
Manufacturers are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interest of potential buyers and create a larger customer base. For instance,
In 2014, Sapphire Flavors & Fragrances was founded. Sapphire's food-grade botanicals can also be used to flavor food while also contributing a functional and beneficial component to a food or beverage product.
Flavour Bucket Private Limited was incorporated on 23 January 2020. The Flavour Bucket offers a variety of botanical flavors.
The botanical flavors market is dominated by companies such as Synergy Flavors, Bell Flavors & Fragrances GmbH, Parker Flavors, Inc., Archer Daniels Midland Company, Kanegrade Limited, Carrubba Incorporated, and Sapphire Flavors & Fragrances.
In January 2022, Firmenich announced its 2022 Flavor of the Year, Magical Botanical, addressing the creativity and well-being needs of a transformed society. A new era of inspired flavor creation begins with Firmenich's 2022 Flavor of the Year, Magical Botanical, an ode to Pantone's Color of the Year 2022, as well as botanicals' transformative properties.
With their natural ingredients and traceable sourcing, the Magical Botanical flavors were designed around ingredients that support immunity and healing.
In April 2022, Kerry completed an acquisition of botanical extract firm Natreon, a supplier of branded ayurvedic botanical ingredients. In addition to expanding Kerry's ProActive Health portfolio of science-backed branded ingredients, the acquisition furthers the company's technological development. Patents protect several of Natreon's branded ingredients and a total of 52 clinical studies support their efficacy.
Kerry’s ProActive Health portfolio will leverage the ingredients to benefit its diverse customer base. Kerry's global application and research network, including continuing investment in the science supporting the brands, will support them.
Key Companies Profiled
Recent Development:
The botanical flavors market is worth USD 8233.6 million in 2023.
The botanical flavors market may rise at an 8.6% CAGR through 2033.
The botanical flavors market could be worth USD 18,871 million by 2033.
Asia Pacific’s botanical flavors market is expected to clock an 8.1% CAGR through 2033.
Europe occupied 27.5% of the botanical flavors market shares in 2022.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Extraction 5.1. Fruits 5.2. Leaves 5.3. Seeds 5.4. Barks 5.5. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form 6.1. Solid 6.2. Fluid 6.3. Powdered 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Food 7.1.1. Bakery 7.1.2. Dairy 7.1.3. Savory 7.1.4. Confectionery Products 7.2. Beverages 7.2.1. Alcoholic 7.2.2. Non-alcoholic 7.3. Personal Care Industry 7.3.1. Cosmetics 7.3.2. Hair Care 7.3.3. Skin Care Products 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Synergy Flavors 18.2. Bell Flavors & Fragrances GmbH 18.3. Parker Flavors, Inc. 18.4. Archer Daniels Midland Company 18.5. Kanegrade Limited 18.6. Carrubba Incorporated 18.7. Sapphire Flavors & Fragrances 18.8. Givaudan 18.9. Firmenich SA 18.10. International Flavors & Fragrances Inc. (IFF) 19. Assumptions & Acronyms Used 20. Research Methodology
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Botanical Flavors Market
