Latin America Grape Seed Extract Market Size & Outlook
Latin America grape seed extract market, 2017-2030 (US$M)
Related Markets
Latin America grape seed extract market highlights
- The Latin America grape seed extract market generated a revenue of USD 10.2 million in 2023.
- The market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
- In terms of segment, powder was the largest revenue generating product in 2023.
- Liquid is the most lucrative product 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 10.2 million |
| Market revenue in 2030 | USD 17.4 million |
| Growth rate | 7.9% (CAGR from 2023 to 2030) |
| Largest segment | Powder |
| Fastest growing segment | Liquid |
| Historical data covered | 2017 - 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 | Naturex, NetQem, Botanic Innovations, Polyphenolics, Nexira, Hunan Nutramax, Piping Rock Health Products, LLC |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.8% of the global grape seed extract market in 2023.
- Globally, North America 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 98.0 million by 2030.
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Grape Seed Extract Market Scope
Grape Seed Extract Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America grape seed extract 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 grape seed extract market will help companies and investors design strategic landscapes.
Powder was the largest segment with a revenue share of 76.47% in 2023. Horizon Databook has segmented the Latin America grape seed extract market based on powder, liquid covering the revenue growth of each sub-segment from 2017 to 2030.
Central & South America was a significant grape-producing region as countries such as Brazil, Chile, and Peru produced 1,592, 784.5, and 665 metric tons of grapes, respectively, in 2020. This has resulted in low-cost availability of raw materials, as the grape seeds are the byproduct of wine making process.
Moreover, the region has a considerable presence of dietary supplement and personal care manufacturers, particularly in countries such as Brazil, Argentina, and Chile, which makes it a lucrative market for grape seed extract manufacturers.
Young and adult consumers are more receptive to health and wellness trends, which is likely to drive the sales of dietary supplements in the region, thus, benefitting the grape seed extract market growth.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America grape seed extract market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America grape seed extract market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America grape seed extract market size, by country, 2017-2030 (US$M)
Latin America Grape Seed Extract Market Outlook Share, 2023 & 2030 (US$M)
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