Botanical Extracts Global Market Report 2023 – By Technology (CO2 Extraction, Solvent Extraction, Steam Distillation, Enfleurage, Other Technologies), By Source (Spices, Herbs, Flowers, Leaves, Other Sources), By Form (Liquid, Powder, Semi-Solid), By Application (Food and Beverages, Pharmaceutical and Nutraceutical, Cosmetics) – Market Size, Trends, And Market Forecast 2023-2032

Functional foods are highly nutritious foods that are associated with many health benefits. The benefits include prevention of nutrition deficiencies, protection against diseases, improved cholesterol levels, lower blood pressure, and promotion of proper growth & development. The main product types are bakery & cereals, dairy products, meat, fish & eggs, soy products, fats & oils, and other product types. A dairy product is milk and any of the foods made from milk, including butter, cheese, ice cream, yogurt, and condensed and dried milk. The ingredients used for functional foods are carotenoids, dietary fibers, fatty acids, minerals, prebiotics, probiotics, vitamins, and other product types. The various applications of these food products are sports nutrition, weight management, immunity, digestive health, clinical nutrition, cardio health, and other product types. The global functional foods market is segmented - 1) By Product Type: Bakery & Cereals, Dairy Products, Meat, Fish & Eggs, Soy Products, Fats & Oils, Other Product Types 2) By Ingredients: Carotenoids, Dietary Fibers, Fatty Acids, Minerals, Prebiotics & Probiotics, Vitamins, Other Ingredients 3) By Application: Sports Nutrition, Weight Management, Immunity, Digestive Health, Clinical Nutrition, Cardio Health, Other Applications The global functional foods market size will grow from $203.64 billion in 2022 to $229.7 billion in 2023 at a compound annual growth rate (CAGR) of 12.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global functional foods is expected to grow from $354.96 billion in 2027 at a CAGR of 11.5%. The increasing number of diseases is shifting consumers' focus to healthy eating, which in turn is projected to boost the demand for functional foods. Functional food provides the human body with healthy nutrition, vitamins and minerals, and reduces the risk of diseases. According to the Centre for Disease Control and Prevention, heart disease is a leading cause of death in the USA, and about 6,47,000 Americans die from heart disease every year, which is one out of every four deaths. Therefore, the increasing number of cardiovascular and other diseases across the globe is anticipated to generate higher demand for a healthy diet, which in turn, is likely to propel the revenues of the functional foods market over the forecast period. Major players in the functional foods market are Unilever, BNL Food Group, Dean Foods, The Coca-Cola Company, Arla Foods, Abbott Laboratories, PepsiCo Inc., Kraft Foods Inc., and Nestle. The higher price of functional foods market products attributed to the inclusion of healthier or natural ingredients is limiting the growth of the functional foods market. Functional foods are sold at higher prices and hold larger profit margins than conventional foods. Functional foods are priced 30 to 500% higher than comparable conventional foods. Thus, the higher prices of functional food are to act as a major restraint for the growth of the functional foods market over the forthcoming years. Key players dealing in the functional foods market are increasingly focusing on new product developments and company expansion to meet the rising demand from consumers. For instance, in January 2022, Fonterra Co-operative Group Limited, New-Zealand-based dairy company, Tillamook Country Creamery Association (TCAA), and Three Mile Canyon Farm, introduced Pro-Optima TM, A-grade functional whey protein concentrate. Pro-Optima TM can be used in cultured products such as yogurt, to enhance the textures to deliver multi-functional benefits. In July 2021, Kerry Group, an Ireland-based food company acquired Biosearch Life for a deal of $ 150 million. Through this acquisition, Kerry Group aims to expand its product portfolio in health ingredients such as probiotics and omega 3s. Biosearch Life is a Spain-based biotechnology company. Asia-Pacific was the largest region in the functional foods market in 2022. Western Europe was the second-largest region in the functional foods market. The regions covered in the functional foods analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the functional foods market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The functional foods market consists of sales of fatty acids, carotenoids, prebiotics & probiotics, vitamins, dietary fibers, minerals, and other functional foods. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The functional foods market research report is one of a series of new reports from The Business Research Company that provides functional foods market statistics, including functional food industry global market size, regional shares, competitors with functional food share, detailed functional foods market segments, market trends and opportunities, and any further data you may need to thrive in the functional food industry. The functional foods market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Functional food ingredients are bioactive compounds or ingredients used in manufacturing functional food products. The ingredients in functional foods provide health benefits, and some of them include supplements or other additives. The main types of functional food ingredients are probiotics and prebiotics, carotenoids, dietary fibers fatty acids, vitamins, minerals, and others. Carotenoids are fat-soluble pigments found generally in fruits, flowers, plants, algae, and photosynthetic bacteria. They are also found in some non-photosynthetic bacteria, molds, and yeasts. Carotenoids act as a type of antioxidant for humans and are important for human health. It protects the human body against serious disorders such as heart disease, cancer, and degenerative eye disease. The different sources include natural, synthetic and are used in beverages, dairy products, infant food, bakery and confectionery, others. The global functional food ingredients market is segmented - 1) By Type: Probiotics And Prebiotics, Carotenoids, Dietary Fibers, Fatty Acids, Vitamins, Minerals, Others 2) By Source: Natural Synthetic 3) By Application: Beverages, Dairy Products, Infant Food, Bakery And Confectionery, Others The global functional food ingredients market size grew from $102.13 billion in 2022 to $111.12 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the functional food ingredients market size is expected to grow to $156.98 billion in 2027 at a CAGR of 9.0%. The rise in demand for fortified food & beverage products is expected to contribute to the growth of the functional food ingredients market. Fortified foods are functional foods that lack natural nutrients; nutrients are added to them. These foods boost nutrition and provide health advantages. Fortified foods are functional foods without natural nutrients in them, nutrients are added to them, and these foods improve nutrition, add health benefits. Fortified foods & beverage products consumption is increasing due to growing health consciousness in consumers, increasing disease occurrences, increasing consumer’s disposable income. The medicinal properties of these foods in providing healing benefits apart from energy and essential nutrients are motivating consumers to spend more on healthy food products. According to the Kerry Group study, in 2019, 65% of consumers seek functional benefits in their food & beverages, and apple cider vinegar sales as a grown-up by 86% for its digestive and blood sugar managing properties. Therefore, the rise in demand for fortified food & beverage products will drive the functional food ingredients market growth. Major players in the functional food ingredients market are Cargill, BASF, Archer Daniels Midland, DuPont Nutrition & Biosciences, Arla Foods, Kerry Group, Ajinomoto, DSM, Ingredion Incorporated, Tate & Lyle, Roquette Frères, Nestle, Fuerst Day Lawson, Ashland, A&B Ingredients, and Royal Cosun. Collaborations and partnerships are are key trends gaining popularity in shaping the functional food ingredients market. Major companies operating in the functional food ingredients sector are focused on partnering or collaborating with other companies to develop innovative solutions for functional food ingredients. For instance, in December 2019, Cargill, a US-based food company, and Renmatix, a US-based plant ingredient innovations company, signed a joint development agreement (JDA) to explore a novel approach for making functional food ingredients from unutilized plants material. This agreement was to manufacture highly functional food ingredients. The companies will use Renmatix’s Plantrose Process, which is a proprietary water-based technology, and Cargill’s preferred feedstocks. In July 2021, Kerry Group, an Irish-based food company announced that it is acquiring Biosearch Life for a $150 million deal amount. Through this acquisition, Kerry Group can expand its healthy ingredient portfolios such as probiotics and omega-3. The expansion of a healthy ingredient portfolio can boost its capabilities within functional foods and proactive health ingredients. Biosearch Life, based in Spain, is a biotechnology company that manufactures healthy natural ingredients such as Omega-3, Probiotics, Botanical Extracts. North America was the largest region in the functional food ingredients market in 2022. Europe was the second-largest market in the functional food ingredients market. The regions covered in the functional food ingredients report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the functional food ingredients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.The main types of functional food ingredients are probiotics and prebiotics, carotenoids, dietary fibers fatty acids, vitamins, minerals, and others. Carotenoids are fat-soluble pigments found generally in fruits, flowers, plants, algae, and photosynthetic bacteria. They are also found in some non-photosynthetic bacteria, molds, and yeasts. Carotenoids act as a type of antioxidant for humans and are important for human health. It protects the human body against serious disorders such as heart disease, cancer, and degenerative eye disease. The different sources include natural, synthetic and are used in beverages, dairy products, infant food, bakery and confectionery, others. The functional food ingredients market research report is one of a series of new reports from The Business Research Company that provides functional food ingredients market statistics, including functional food ingredients industry global market size, regional shares, competitors with a functional food ingredients market share, detailed functional food ingredients market segments, market trends and opportunities, and any further data you may need to thrive in the functional food ingredients industry. This functional food ingredients market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Food antioxidants are the molecules that neutralize the free radicals and destabilize the molecules to protect cells from damage. Some major food antioxidants are mainly found in fruits, vegetables, vitamins such as E and C, and other plant-based foods. The primary types of food antioxidants are natural and synthetic antioxidants. They are available in dry and liquid forms. The food antioxidants are derived from fruits and vegetables, oils, spices and herbs, botanical extracts, and gallic acid and are used in fats and oils, prepared foods, prepared meat and poultry, seafood, bakery and confectionery, plant-based alternatives, and nutraceuticals. The global food antioxidants market is segmented - 1) By Type: Natural, Synthetic 2) By Form: Dry or Liquid 3) By Source: Fruits and Vegetables, Oils, Spices, and Herbs, Botanical Extracts, Gallic Acid, Other Sources 4) By Application: Fats and Oils, Prepared Foods, Prepared Meat and Poultry, Seafood, Bakery and Confectionery, Plant-Based Alternatives, Nutraceuticals, Other Applications The global food antioxidants market size grew from $1.67 billion in 2022 to $1.82 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the food antioxidants market is expected to grow to $2.56 billion in 2027 at a CAGR of 8.9%. An increase in the use of food antioxidants to improve the shelf life of processed food products supported the growth of the market during the historic period. Antioxidants have been used in the food processing industry to prevent oxidation and improve flavor, aroma, and color. Antioxidants have also been used and valued in the treatment of a variety of diseases, including cancer and coronary heart disease. The rise in the use of food antioxidants to improve the shelf life of food products supported the growth of the food antioxidants market. For instance, in March 2021, according to the National Center for Biotechnology Information (NCBI), a US-based organization that provides information on science and health, fruits, vegetables, culinary herbs, and spices have health-protective properties due to the presence of low-molecular antioxidants, which protect cells and their structures from oxidative stress and damage. The antioxidants also provide a positive correlation between the consumption of whole fruits and vegetables and the prevention of diseases such as atherosclerosis, cancer, diabetes, and arthritis, as well as improved cardiovascular and neurological health, lower cancer incidence, increased longevity, and lower overall mortality. Major players in the food antioxidants market are Archer-Daniels-Midland Company, BASF SE, Koninklijke DSM N.V., Kemin Industries, Inc., Eastman Chemical Company, Frutarom Ltd., Barentz Group, Camlin Fine Sciences, Kalsec Inc., E.I. Du Pont De Nemours and Company, Cargill Inc., Advanced Organic Materials, VDH Chem Tech Pvt Ltd., and Vitablend Nederland BV. Players in the food antioxidants market are increasingly adopting mergers and acquisition strategies to expand the product portfolio and expand operations in different geographies. Mergers and acquisitions give growth opportunities to the players in the industry to maximize revenues through geographic and product portfolio expansion. For instance, in April 2021, Kemin Industries, a leading ingredient manufacturer, acquired Proteus Industries Inc. for an undisclosed amount. Through this acquisition, Kemin expects to expand its portfolio by adding clean-label phosphate alternatives, meat block replacements, and fat block solutions, along with the technology and human resources that Proteus has to offer. Proteus Industries is a food ingredient manufacturer that develops clean-label protein ingredients. Also, in January 2020, Dupont, which is a leading chemical and bioscience company, entered into an agreement with International Flavors & Fragrances to merge their nutrition and industrial biosciences divisions. This merger is expected to benefit both companies and allow them to better serve their customers. In April 2021, Kemin Industries, a leading ingredient manufacturer, acquired Proteus Industries Inc. for an undisclosed amount. Through this acquisition, Kemin expects to expand its portfolio by adding clean-label phosphate alternatives, meat block replacements, and fat block solutions, along with the technology and human resources that Proteus has to offer. Proteus Industries is a food ingredient manufacturer that develops clean-label protein ingredients. Asia-Pacific was the largest region in the food antioxidants market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food antioxidants market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the food antioxidants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The food antioxidants market consists of sales of synthetic food antioxidants such as butylated hydroxytoluene (BHT), butylated hydroxyanisole (BHA), and propyl gallate (PG). Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The food antioxidants market research report is one of a series of new reports from The Business Research Company that provides food antioxidants market statistics, including food antioxidants industry global market size, regional shares, competitors with a food antioxidants market share, detailed food antioxidants market segments, market trends and opportunities, and any further data you may need to thrive in the food antioxidants industry. This food antioxidants market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Gummy vitamins refer to a variety of flavours, colours, and forms of chewable vitamins with a texture and flavour that are comparable to gummy candies. They are among the most widely used kinds of vitamins. Children and adults who dislike taking pills may find these vitamins appealing. The main types of products in gummy vitamins are single vitamins, multivitamins, and probiotics. Probiotic supplements are available in several different forms which protect the digestive tract from the harmful bacteria in sugar and also help with constipation, depression, skin problems, autoimmune disease, and even bad breath. These are manufactured using plant and animal sources. These can be used by adults and children and are available at various sales channels such as hypermarkets and supermarkets, specialty stores, retail pharmacies, online sales channels, and other sales channels. The global gummy vitamins market is segmented - 1) By Product Type: Single Vitamin, Multi Vitamin, Probiotics 2) By Source: Plant, Animal 3) By End-User: Adult, Children 4) By Sales Channel: Hypermarket And Supermarket, Specialty Stores, Retail Pharmacies, Online sales Channel, Other Sales Channel The global gummy vitamins market size will grow from $6.47 billion in 2022 to $7.13 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the gummy vitamins is expected to grow to $10.3 billion in 2027 at a CAGR of 9.6%. The growing undernourished population is significantly contributing to the growth of the gummy vitamin market. The undernourished population does not receive the minimal amount of food and nutrients required for growth. The gummy vitamins are being used as a nutritional source to meet the nutritional demand and can offer health benefits to the undernourished population. For instance, according to the Food and Agriculture Organization, the global prevalence of undernourishment reached around 9.9% in 2020 with 768 million people, an increase of 8.4% from 2019. Therefore, growth in the undernourished population is expected to propel the growth of the gummy vitamins market over the coming years. Major players in the gummy vitamins market are Church & Dwight Co. Inc., Life Science Nutritionals, Bettera Brands LLC, Nature's Way Products LLC, Unilever PLC, Herbaland, Hero Nutritionals LLC, Bayer AG, Santa Cruz Nutritionals Inc., Nature’s Bounty, Softigel, Makers Nutrition LLC, Nutra Solutions, Ferrara Candy Company, and Zanon Lifesciences Pvt. Ltd. Product innovations have emerged as a key trend gaining popularity in the gummy vitamin market. Major companies operating in the gummy vitamin sector are focused on innovations to meet consumer demand and strengthen their position. For instance, in June 2021, Vitamin Angels, a UK-based start-up, launched 3D-printed, high-impact, personalised gummy vitamins for kids. Each package includes 28 vegan gummies that are gluten-free, sugar-free, and free of artificial flavours and colors. These are based on a monthly subscription and will be delivered through the letterbox every month. In December 2020, Unilever, a UK-based consumer goods company, acquired SmartyPants Vitamins for an undisclosed amount. Through this acquisition, Unilever aimed to expand its supplement portfolio in the functional supplement and nutritional segment. SmartyPants Vitamins is a US-based company that manufactures supplements, including gummy vitamins. North America was the largest region in the gummy vitamins market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gummy vitamins market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the gummy vitamins market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The gummy vitamins market consists of sales of vitamin D3, gelatin, and corn starch. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The gummy vitamins market research report is one of a series of new reports from The Business Research Company that provides gummy vitamins market statistics, including gummy vitamins industry global market size, regional shares, competitors with a gummy vitamins market share, detailed gummy vitamins market segments, market trends and opportunities, and any further data you may need to thrive in the gummy vitamins industry. This gummy vitamins market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Vitamins and mineral supplements refer to the micronutrients that the body needs to perform a variety of typical tasks. These micronutrients must, however, be obtained from the food we eat because they are not generated by our bodies. Organic compounds known as vitamins are often classified as either fat-soluble or water-soluble. The main types of vitamin and mineral supplements are multivitamins, single vitamins, multi-mineral supplements, and single minerals. A multivitamin is a dietary supplement that contains all or most of the vitamins that the body does not produce. The various distribution channels involved are pharmacies and drug stores, supermarkets and hypermarkets, and online channels that are used for energy and weight management, general health, bone, and joint health, gastrointestinal health, immunity, cardiac health, diabetes, anti-cancer, and others. The global vitamin and minerals market is segmented - 1) By Type: Multivitamin, Single Vitamin, Multi Mineral, Single Mineral 2) By Application: Energy And Weight Management, General Health, Bone And Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Anti-Cancer, Other Applications 3) By Distribution Channel: Pharmacies ANd Drug Stores, Supermarkets And Hypermarkets, Online Channels 4) By End-User: Adults, Geriatric, Pregnant Women, Children, Infants The global vitamin and minerals market size grew from $21.37 billion in 2022 to $22.65 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the vitamin and minerals is expected to grow from $26.27 billion in 2027 at a CAGR of 3.8%. The growing use of dietary supplements in the modern lifestyle is a key factor driving the growth of the vitamins and mineral supplement market. Nutrition plays an important role in maintaining immune system balance, and supplementation with the micronutrients such as vitamins C and D, zinc, and omega fatty acids within recommended upper safety limits is a safe, effective and low-cost strategy to help support optimal immune function in patients fighting COVID-19 and other respiratory tract diseases. In the case of COVID-19 patients, a variety of high-protein and fibrous foods, including cookies, bread, and rolls, have been developed by the Indian Research Institute. For example, to improve children's immunity, dietary supplement company Avida Health has launched a chocolate ball functional food in Singapore. A nutritional focus on the immune system could help minimize the impact of the current COVID-19 pandemic and other infections. Therefore, the implementation of dietary supplements in the lifestyle is expected to drive the vitamins and mineral supplement market growth. Major players in the vitamins and minerals supplements market are Salus Haus, Pfizer, Daiichi Sankyo, AMWAY, Eisai, Sanofi, GNC, CSPC Pharmaceutical Group, DSM, Otsuka Holdings Co. Ltd., Puritan’s Pride, Pharmavite, Jamieson, Webber Naturals, Hainan Yangshengtang, Nature’s Bounty, CCMP Capital, Pharmavite, Suntory Holdings Ltd., Glanbia PLC., Glaxosmithkline PLC., Abbott Laboratories, Bayer AG, Puritan's Pride, General Nutrition CentersInc., Webber Naturals, CSPC Pharmaceutical Group, and Hainan Yangshengtang. The disruptions in supply chains for the production of supplements are a key factor hampering the growth of the vitamins and mineral supplement market. COVID-19 outbreak has led to restrictive containment measures involving social distancing and remote working, and the closure of industries and other commercial activities. The entire supply chain from production to international trade has been impacted. The economic crisis due to COVID-19 is also impacting dietary supplements by disrupting distribution networks. The economically important supplements have a fragile supply chain and failure in any stage of the supply chain from farms to dealers, haulers, and distributors to manufacturers can disrupt the entire chain. International Food Policy Research Institute (IFPRI) has gathered evidence of major disruptions to livestock production in China, and vegetables and fruits in Ethiopia, whereas Indian news reported a full-blown collapse in the production of dairy products, which is especially worrying the countries where milk and milk products remain key sources of primary nutrients for young children. Therefore, disruptions in supply chains for nutrient-rich foods are expected to hinder the growth of the vitamins and mineral supplement market. The consumer preference moving toward organic supplements is a key trend in the vitamins and mineral supplement market. There was a suggested transition towards vegan & organic food in 2020, and this trend will shortly become a lifestyle for many people as COVID-19 is taking the world by storm. As a lot of people globally believe that the COVID crisis is associated with the consumption of animal meat, people will become more cautious of the food they consume and this can result in a significant rise in the demand for organic and vegan food products. Many small and medium enterprises have started to promote plant-based goods and diets in the product space. The coronavirus pandemic is accelerating the trend for organic food supplements. In April 2020, American Regent Inc., a US manufacturer of pharmaceuticals for human and veterinary use with manufacturing sites in New York and Ohio, acquired Daiichi Sankyo for an undisclosed amount. This acquisition increases American Regent’s production and provides the opportunity to explore other products to manufacture, allowing the company to continue to find innovative ways of responding to customer needs. Daiichi Sankyo is a pharmaceutical company with its corporate origins in Japan. North America was the largest region in the vitamins and minerals supplements market in 2022. The Middle East is expected to be the largest growing region in the global vitamin and minerals market during the forecast period. The regions covered in the global vitamins and minerals supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the vitamins and minerals supplements market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The vitamins and mineral supplements market consists of sales of biotin, iron, glutamine, caffeine, and more. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The vitamins and mineral supplements market research report are one of a series of new reports from The Business Research Company that provides vitamins and mineral supplements market statistics, including vitamins and mineral supplements industry global market size, regional shares, competitors with vitamins and mineral supplements market share, detailed vitamins and mineral supplements market segments, market trends and opportunities, and any further data you may need to thrive in the vitamins and mineral supplements industry. This vitamins and mineral supplements market research report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Multivitamin capsules and tablets refers to multivitamin drugs that are used to treat or prevent vitamin deficiencies brought on by a poor diet, specific diseases, or pregnancy. Vitamins are crucial for maintaining your health because they serve as the body's building blocks. Multivitamins tablets and capsules are a combination of many different vitamins that are normally found in foods and other natural sources The main types of products include multivitamins tablets and multivitamins capsules. A multivitamin is a pill that people take every day which contains a variety of vitamins and minerals. The different distribution channels include store-based, non-store-based and are used for energy and weight management, general health, bone, and joint health, gastrointestinal health, immunity, cardiac health, diabetes, anti-cancer, and other applications. These capsules and tablets are mainly used by adults, the geriatric population, pregnant women, children, and infants. The global multivitamin capsules and tablets market is segmented - 1) By Type: Multivitamins Tablets, Multivitamins Capsules 2) By Distribution Channel: Store Based, Non-Store Based 3) By Application: Energy & Weight Management, General Health, Bone & Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Anti-Cancer, Other Applications 4) By End User: Adults, Geriatric, Pregnant Women, Children, Infants The global multivitamin capsules and tablets market size will grow from $20.28 billion in 2022 to $22.38 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the multivitamin capsules and tablets is expected to grow to $33.05 billion in 2027 at a CAGR of 10.2%. Increasing health consciousness among individuals is driving the market for multivitamin capsules and tablets. Multivitamins tablets or capsules are often prescribed by doctors to treat or prevent vitamin deficiency due to poor diet, certain illnesses, or during pregnancy as it contains different vitamins that are normally found in foods and other natural sources. The demand for multivitamins also increased attributing to rising health concerns associated with the COVID-19 pandemic. According to SVC Labs Ltd., a UK-based supplement manufacturer the sales for vitamins, minerals and supplements have increased since the beginning of March 2020 as people are concerned with boosting immune health. The sales of vitamins, minerals, and supplements have experienced growth of approximately 20%-140% since March 2020. Therefore, rising health consciousness is expected to drive the growth of multivitamin capsules and tablets market during the forecast period. Major players in the multivitamin capsules and tablets market are Herbalife Nutrition, Abbott Laboratories, Bayer, Nature's Bounty Co., Bionova Lifesciences, Ayanda GmbH, NutraMarks Inc., American Health Inc., Otsuka Holdings Co. Ltd., Nature's Way Products, Glanbia PLC., Pfizer, Mylan N.V., and Dymatize. Shifting consumer focus towards flavored gummy vitamins for all ages is shaping the multivitamin capsules and tablets market. Consumers are searching for more convenient and entertaining supplement experiences, which will lead to a move toward flavored gummy vitamins. For instance, in April 2021, Persona Nutrition, a US-based company that provides personalized daily supplement packs launched daily gummy vitamin packs for the entire family. These daily packs are designed to help users achieve specific health goals, such as immune health, focus, relaxation, everyday support, and hair, skin, and nail health. This family pack includes multivitamins to boost muscle and nerve function. In February 2021, Nature's Way Products, a US-based wellness product manufacturing company, acquired Baze Labs for an undisclosed amount. Through this acquisition, Nature's Way increases its personalized nutrition product capabilities for its customers, home blood test services, and monthly subscription programs. Baze Labs is a US-based personalized nutrition manufacturing company specializing in the development of vitamins and supplements. Asia-Pacific was the largest region in the multivitamin capsules and tablets market in 2022. North America was the second-largest market in the multivitamin capsules and tablets market. The regions covered in multivitamin capsules and tablets market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the multivitamin capsules and tablets market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The multivitamin capsules and tablets market consists of sales of antioxidant capsule, iron folic acid tablet, multivitamin gummy, and nicotinamide. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The multivitamin capsules and tablets market research report is one of a series of new reports from The Business Research Company that provides multivitamin capsules and tablets market statistics, including multivitamin capsules and tablets industry global market size, regional shares, competitors with a multivitamin capsules and tablets market share, detailed multivitamin capsules and tablets market segments, market trends and opportunities, and any further data you may need to thrive in the multivitamin capsules and tablets industry. This multivitamin capsules and tablets market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Natural food colors and flavors are extracted from plants, animals, and other organic materials by using physical or chemical methods. Natural food colors and flavors come in many forms like liquids, powders, gels, and pastes and these are used in commercial food production as well as domestic cooking. The main types of natural food colors are caramel, carotenoids, anthocyanins, curcumin, annatto, copper chlorophyllin, capsanthin, and others. The main types of flavors are natural extracts, aroma chemicals, essential oils, and others. Caramel color is one of the oldest and most used food colors in food and beverages. Carotenoids are plant pigments that produce bright yellow, red, and orange colors and these colors are used as natural coloring agents in foods and beverages. Annatto is an orange-red food color or condiment made from the seeds of the achiote tree that grows in tropical regions in South and Central America. The natural food colors and flavors are available in liquid and dry form and used in various applications such as beverages, bakery, confectionery, dairy and frozen products, meat products, and others. The global natural food colors and flavors market is segmented - 1) By Color Type: Caramel, Carotenoids, Anthocyanins, Curcumin, Annatto, Copper Chlorophyllin, Capsanthin, Other Color Types 2) By Flavor Type: Natural Extracts, Aroma Chemicals, Essential Oils, Other Flavor Types 3) By Form: Liquid And Gel, Dry 4) By Application: Beverages, Bakery, Confectionery, Dairy And Frozen, Meat Products, Other Applications The global natural food colors and flavors market size grew from $5.69 billion in 2022 to $6.07 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of natural food colors and flavors is expected to grow to $7.9 billion in 2027 at a CAGR of 6.8%. Rising concerns regarding the health hazards posed by the consumption of synthetic colors drove the market for natural food colors and flavors. Synthetic food colors and flavors are chemicals that originate from coal tar derivatives, petroleum, or crude oil and cause health hazards such as high blood pressure, DNA mutation, obesity, infertility and others. For instance, Auramine is a food color known to retard growth and damages kidneys, liver. Lead chromate is yellow food color that can be dangerous to health causing anemia, abdominal pain, hypertension, neurological problem. According to the study published by the Brazilian Journal of Biology, the researchers fed 2ml of chocolate flavoring, 5ml of strawberry flavoring per Kg for a group of mice, and on day 6 all the mice died due to toxic effects on gene and cells. Therefore, the rising health hazards from the consumption of synthetic colors have raised concerns in consumers and this, in turn, drove the market for natural food colors and flavors. Major players in the natural food colors and flavors market are Archer Daniels Midland, CHR Hansen, Kerry Group, San-Ei Gen, Symrise, International Flavors & Fragrances, Sensient Technologies Corporation, Givaudan, FMC Corporation, GNT International, Kalsec, Royal DSM, Döhler, Naturex, ROHA Dyechem, DDW The Color House, Aromata Group, BASF SE, Takasago International Corporation, DuPont, Mane, T.Hasegawa, Firmenich, Robertet, Synergy Flavors, Amar Bio-Organics India, Taiyo International, The Food Flavors, Besmoke, Gulf Flavors and Food Ingredients, and Seluz Fragrances & Flavors Company. Natural food colors and flavors market manufacturers are increasingly manufacturing food colors and flavors according to the taste and preference of the local residents and this is an emerging trend in the food colors and flavors market. The act of localization creates demand for specific natural food coloring agents based on each region. Also, manufacturing food colors and flavors according to local demand reduces the shipping cost because the cost of fuel consumption is low compared to the fuel consumption due to shipping of products from long distances. For instance, Archer Daniels Midland (ADM), a US-based multinational food processing and commodities trading corporation, has a production facility in India that produces mint flavors according to the demand of Indian customers. This facility buys raw materials from local farmers and manufactures natural mint and other flavors. The localization also increases economic growth by boosting local manufacturers, creating jobs, and increasing spending. In December 2020, McCormick & Company Inc., a global food company that manufactures spices, seasoning mixes, condiments, and flavoring products, acquired FONA International Inc., a natural flavoring company for a deal amount of $710 million in cash. The acquisition of FONA International is expected to broaden McCormick’s existing product portfolio and expand capabilities such as research and development, and expertise in flavoring health and performance nutrition products. Europe was the largest region in the natural food colors and flavors market in 2022. Asia-Pacific is expected to continue to be the fastest growing region in the forecast period. The regions covered in the natural food colors and flavors market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the natural food colors and flavors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The natural food colors and flavors market consists of sales of natural food colors including betalains and anthraquinones. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The natural food colors and flavors market research report is one of a series of new reports from The Business Research Company that provides natural food colors and flavors market statistics, including natural food colors and flavors industry global market size, regional shares, competitors with a natural food colors and flavors market share, detailed natural food colors and flavors market segments, market trends and opportunities, and any further data you may need to thrive in the natural food colors and flavors industry. This natural food colors and flavors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Dairy alternatives are foods that are used as substitutes for dairy products. These products are extracted from plants including cereals (rice, oats), legumes (soy), seeds (hemp, flax), nuts (peanuts, almond), and other grains (teff, quinoa). The main product types are non-dairy milk, butter, cheese, yogurts, ice cream, and other product types. Butter is a yellow-to-white solid emulsion of fat globules, water, and inorganic salts and is produced by churning the cream from cows' milk. The various sources of dairy alternatives are almond, soy, oats, hemp, coconut, rice, and other product types. The dairy alternatives are distributed through supermarkets, health food stores, pharmacies, convenience stores, online stores, and other product types. The global dairy alternatives market is segmented - 1) By Product Type: Non-dairy Milk, Butter, Cheese, Yogurts, Ice cream, Other Product Types 2) By Source: Almond, Soy, Oats, Hemp, Coconut, Rice, Other Sources 3) By Distribution Channel: Supermarkets, Health Food stores, Pharmacies, Convenience Stores, Online stores, Other Distribution Channels The global dairy alternatives market size will grow from $24.09 billion in 2022 to $27.6 billion in 2023 at a compound annual growth rate (CAGR) of 14.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of dairy alternatives is expected to grow from $45.16 billion in 2027 at a CAGR of 13.1%. Increasing cases of lactose intolerance and milk allergies are projected to contribute to the dairy alternatives market's growth. Lactose intolerance or congenital lactase deficiency is a situation wherein the small intestine is incapable of making the enzyme lactase to break down or digest lactose, moving undigested lactose to the large intestine, causing symptoms such as diarrhoea, gas, and bloating. According to the Cleveland Clinic, more than 30 million people in America are lactose intolerant. This scenario is likely to generate higher demand for dairy alternatives, which in turn, is anticipated to boost the growth of the dairy alternatives market's revenue over the forecast period. Major players in the dairy alternatives market are Tate & Lyle, CP Kelco Inc., SunOpta Inc., The Whitewaves Food Company, Organic Valley, The Hain Celestial Group, Blue Diamond Growers, Sunopta, and Archer Daniels Midland Company. A lack of awareness among consumers about the nutritional benefits of dairy alternative market products is expected to hinder the growth of the market. Many dairy consumers feel that dairy substitutes are lower in nutritional content than cow’s milk and other dairy products. According to a Cargill study, about 90% of households in America consume dairy products as a part of their daily diets, whereas only 4% of the population consumes only non-dairy products. Therefore, the lack of awareness among the populace about the nutritional benefits of the dairy alternatives industry is expected to hinder the growth of the market over the next few years. New product innovation is the trend in the dairy alternative market. In June 2022, Nestlé S.A, a Swtizerland-based multinational food, and drink processing conglomerate corporation, announced the launch of Little Steps Plantygrow, a plant-based growing-up drink for toddlers from one to three years of age. According to Nestlé S.A, it contains iron, vitamins A, C, B2, B12, and iodine, no additional carbohydrate, and enhanced with omega3 and 6 for the overall development of toddlers. In May 2021, Saputo Inc, a Canada-based dairy company acquired Bute Island Foods for an undisclosed amount. Through this acquisition, Saputo Inc aims to strengthen its product portfolio in plant-based dairy alternatives and to gain a competitive advantage in the market. Bute Island Foods is a UK-based cheese producer. Asia-Pacific was the largest region in the dairy alternatives market in 2022. Western Europe was the second-largest region in the dairy alternatives market report. The regions covered in the dairy alternatives industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the dairy alternatives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The dairy alternatives market consists of sales of soy milk, rice milk, oat milk, coconut milk, and flaxseed milk, cheese substitutes comprise soft cheese and hard cheese, butter alternatives such as nut butter, coconut butter, vegetable oil blends, cultured vegan butter, and other dairy alternatives. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The dairy alternatives research report is one of a series of new reports from The Business Research Company that provides dairy alternatives statistics, including dairy alternatives industry global market size, regional shares, competitors with dairy alternatives share, detailed dairy alternatives segments, market trends and opportunities, and any further data you may need to thrive in the dairy alternatives industry. The dairy alternatives research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.