South Africa Botanical Ingredients Market Size & Outlook
South Africa botanical ingredients market, 2018-2030 (US$M)
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South Africa botanical ingredients market highlights
- The South Africa botanical ingredients market generated a revenue of USD 1,736.0 million in 2023 and is expected to reach USD 2,996.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 8.1% 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 1,736.0 million |
| Market revenue in 2030 | USD 2,996.1 million |
| Growth rate | 8.1% (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, South Africa accounted for 1.0% 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 Middle East & Africa, South Africa botanical ingredients market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2,996.1 million by 2030.
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Botanical Ingredients Market Scope
Botanical Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa 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 59.22% in 2023. Horizon Databook has segmented the South Africa botanical ingredients market based on powder, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
The consumption of functional food & beverages is rapidly growing in South Africa on account of growing health consciousness and rising preference for leading an active lifestyle. Food manufacturers are increasingly fortifying food products with natural ingredients containing substantial nutritional value.
The growing focus of consumers on product labels is also triggering food companies in South Africa to opt for novel food ingredients. Therefore, changing food habits in the country are likely to present lucrative opportunities for the companies operating in the market.
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Target buyers of South Africa 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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa botanical ingredients market , including forecasts for subscribers. This country databook contains high-level insights into South Africa botanical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa botanical ingredients market size, by form, 2018-2030 (US$M)
South Africa Botanical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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