Brazil Botanical Ingredients Market Size & Outlook
Brazil botanical ingredients market, 2018-2030 (US$M)
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Brazil botanical ingredients market highlights
- The Brazil botanical ingredients market generated a revenue of USD 9,046.6 million in 2023 and is expected to reach USD 14,651.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 7.1% 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 9,046.6 million |
| Market revenue in 2030 | USD 14,651.5 million |
| Growth rate | 7.1% (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, Brazil accounted for 5.2% 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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Brazil 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 55.64% in 2023. Horizon Databook has segmented the Brazil botanical ingredients market based on powder, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is one of the dominant markets for food and beverages in Central & South America. The increased adoption of functional foods and beverages in Brazil is expected to propel the market growth over the forecast period.
Since Brazil is one of the major rice producers in the world, the availability of raw materials such as rice protein is high. This is expected to contribute to the growth of the botanical ingredients market in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil botanical ingredients market , including forecasts for subscribers. This country databook contains high-level insights into Brazil botanical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil botanical ingredients market size, by form, 2018-2030 (US$M)
Brazil Botanical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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