Latin America Botanicals & Acupuncture Market Size & Outlook
Latin America botanicals & acupuncture market, 2018-2030 (US$M)
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Latin America botanicals & acupuncture market highlights
- The Latin America botanicals & acupuncture market generated a revenue of USD 3,407.4 million in 2024.
- The market is expected to grow at a CAGR of 22.7% from 2025 to 2030.
- In terms of segment, botanicals was the largest revenue generating intervention in 2024.
- Acupuncture is the most lucrative intervention segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 3,407.4 million |
| Market revenue in 2030 | USD 11,548.5 million |
| Growth rate | 22.7% (CAGR from 2025 to 2030) |
| Largest segment | Botanicals |
| Fastest growing segment | Acupuncture |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Botanicals, Acupuncture |
| Key market players worldwide | Moderna Inc, Green Cross Health Ltd, Herb Pharm, Nestle SA, Nordic Naturals, LKK Health Products Group, ARC Physical Therapy+, Columbia Nutritional, Herbal Hills, Helio USA |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.2% of the global botanicals & acupuncture market in 2024.
- Globally, Europe 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 81,125.5 million by 2030.
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Botanicals & Acupuncture Market Scope
Botanicals & Acupuncture Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America botanicals & acupuncture 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 botanicals & acupuncture market will help companies and investors design strategic landscapes.
Botanicals was the largest segment with a revenue share of 83.58% in 2024. Horizon Databook has segmented the Latin America botanicals & acupuncture market based on botanicals, acupuncture covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America is expected to exhibit lucrative growth as people are transitioning from costly conventional therapeutics to alternative medical interventions, like herbal medicines. Different policies have been implemented for integration of modern and traditional medicine, offering lucrative opportunities to the local as well as international market players looking to invest in the region.
In addition, robust medical tourism across Latin American countries is expected to aid growth.
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Target buyers of Latin America botanicals & acupuncture market databook
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Our clientele includes a mix of botanicals & acupuncture 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 continent-level data and insights on the Latin America botanicals & acupuncture market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America botanicals & acupuncture market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America botanicals acupuncture market size, by country, 2018-2030 (US$M)
Latin America Botanicals & Acupuncture Market Share, 2024 & 2030 (US$M)
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