Spain Botanical Ingredients Market Size & Outlook
Spain botanical ingredients market, 2018-2030 (US$M)
Related Markets
Spain botanical ingredients market highlights
- The Spain botanical ingredients market generated a revenue of USD 4,201.4 million in 2023 and is expected to reach USD 7,046.4 million by 2030.
- The Spain market is expected to grow at a CAGR of 7.7% 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 4,201.4 million |
| Market revenue in 2030 | USD 7,046.4 million |
| Growth rate | 7.7% (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, Spain accounted for 2.4% 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 Europe, Germany botanical ingredients market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 7,046.4 million by 2030.
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Botanical Ingredients Market Scope
Botanical Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain 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 60.03% in 2023. Horizon Databook has segmented the Spain botanical ingredients market based on powder, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
Botanical ingredients market in the country is driven by the increased demand for functional beverages since the past few years, which use ingredients such as tea extract as a prime ingredient.
Although the consumption of carbonated soft drinks (CSD) is higher than that for functional beverages in the country, the millennial population has been slowly moving in line with the global trends in beverage industry by showing interest in products such as green tea-based beverages.
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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 Spain botanical ingredients market , including forecasts for subscribers. This country databook contains high-level insights into Spain botanical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain botanical ingredients market size, by form, 2018-2030 (US$M)
Spain Botanical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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