Latin America Botanical Ingredients Market Size & Outlook
Latin America botanical ingredients market, 2018-2030 (US$M)
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Latin America botanical ingredients market highlights
- The Latin America botanical ingredients market generated a revenue of USD 15,008.6 million in 2023.
- The market is expected to grow at a CAGR of 6.6% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 15,008.6 million |
| Market revenue in 2030 | USD 23,488.5 million |
| Growth rate | 6.6% (CAGR from 2023 to 2030) |
| Largest segment | Powder |
| Fastest growing segment | Liquid |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 8.6% of the global botanical ingredients market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 91,697.1 million by 2030.
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Botanical Ingredients Market Scope
Botanical Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 54.95% in 2023. Horizon Databook has segmented the Latin America botanical ingredients market based on powder, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South America held an 8.6% share of the global botanical ingredient market in 2020. The regional market is largely driven by the key countries in the region such as Brazil and Argentina.
Furthermore, increasing awareness about the health benefits of plant-based ingredients among the population is expected to drive the demand for RTD beverages in Central & South American countries, thereby driving the botanical ingredients market.
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Target buyers of Latin America botanical ingredients market databook
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Our clientele includes a mix of botanical ingredients market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America botanical ingredients market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America botanical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America botanical ingredients market size, by country, 2018-2030 (US$M)
Latin America Botanical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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