Argentina Botanical Ingredients Market Size & Outlook
Argentina botanical ingredients market, 2018-2030 (US$M)
Related Markets
Argentina botanical ingredients market highlights
- The Argentina botanical ingredients market generated a revenue of USD 1,414.8 million in 2023 and is expected to reach USD 2,256.3 million by 2030.
- The Argentina market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, powder was the largest revenue generating form in 2023.
- Liquid is the most lucrative form segment registering the fastest growth during the forecast period.
Botanical ingredients market data book summary
| Market revenue in 2023 | USD 1,414.8 million |
| Market revenue in 2030 | USD 2,256.3 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Powder |
| Fastest growing segment | Liquid |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Powder, Liquid |
| Key market players worldwide | Adesso SE, Lipoid, International Flavors & Fragrances Inc, The Green Labs, DSM |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.8% of the global botanical ingredients market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil botanical ingredients market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 14,651.5 million by 2030.
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Botanical Ingredients Market Scope
Botanical Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina botanical ingredients market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to botanical ingredients market will help companies and investors design strategic landscapes.
Powder was the largest segment with a revenue share of 54.75% in 2023. Horizon Databook has segmented the Argentina botanical ingredients market based on powder, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
Growing demand for healthier and natural ingredients in basic food products has driven the consumption of functional fats and oils in place of conventional fats.
Growing health consciousness among consumers, along with the rise in promotional & advertising media technology, which elaborates more on portion sizes and controlled fat intake, is also supporting the food & beverage application segment growth in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina botanical ingredients market , including forecasts for subscribers. This country databook contains high-level insights into Argentina botanical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina botanical ingredients market size, by form, 2018-2030 (US$M)
Argentina Botanical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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