Mexico Botanical Ingredients Market Size & Outlook
Mexico botanical ingredients market, 2018-2030 (US$M)
Related Markets
Mexico botanical ingredients market highlights
- The Mexico botanical ingredients market generated a revenue of USD 5,685.2 million in 2023 and is expected to reach USD 8,719.6 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.3% 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 5,685.2 million |
| Market revenue in 2030 | USD 8,719.6 million |
| Growth rate | 6.3% (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, Mexico accounted for 3.2% 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 North America, U.S. botanical ingredients market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 21,872.0 million by 2030.
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Botanical Ingredients Market Scope
Botanical Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 63.91% in 2023. Horizon Databook has segmented the Mexico botanical ingredients market based on powder, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico held a significant share in the overall North American botanical ingredient markets, as of 2020, and is expected to denote a CAGR of 6.3% over the forecast period. The growth in the market can be attributed to the increasing awareness among customers regarding the intake of sugar, which has led to the sluggish growth of the RTD beverages segment in the country.
Rising consumption of herbs in the pharmaceutical industry owing to an increase in awareness regarding biologically derived ingredients, is expected to reduce the availability of botanical ingredients among dietary supplement manufacturers over the forecast years.
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Target buyers of Mexico 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico botanical ingredients market , including forecasts for subscribers. This country databook contains high-level insights into Mexico botanical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico botanical ingredients market size, by form, 2018-2030 (US$M)
Mexico Botanical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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