The plant extracts market in South & Central America is expected to grow from US$ 2,700.80 million in 2022 to US$ 4,325.47 million by 2028; it is estimated to grow at a CAGR of 8.2% from 2022 to 2028.
Manufacturers from food & beverages, personal care, pharmaceutical, and many industries provide significant investments for product innovation to launch herbal and clean-labeled products to meet the varied requirements of consumers and expand their customer base. For instance, in June 2022, Sweet Victory Ltd. collaborated with Givaudan to create a flavorful botanical-infused chewing gum for children that are designed to curb cravings for sugary treats. In such launched products, plant extracts are used as a key raw ingredient. These products were launched to help consumers maintain their health goals as health became a priority for consumers during the COVID-19 pandemic. Manufacturers are launching different herbal products because people have started focusing on herbal products while maintaining the nutritional balance. Manufacturers are incorporating plant extracts in personal care products and investing in their research and development activities to address the needs of consumers. Tetraselmis Suecica extract has been selected as highly effective in lowering sebum levels to address the issue of excessive sebum production at its root. In addition to natural mannitol, algae can protect hair and scalp from environmental damage. Such product innovations help the players in the plant extracts market extend their reach and gain a competitive edge in international markets. Various market players are adopting business expansion, production capacity scaleup, and many strategies to provide better customer satisfaction. Such development strategies are projected to open lucrative growth opportunities for the plant extracts market during the forecast period.
Manufacturers from food & beverages, personal care, pharmaceutical, and many industries provide significant investments for product innovation to launch herbal and clean-labeled products to meet the varied requirements of consumers and expand their customer base. For instance, in June 2022, Sweet Victory Ltd. collaborated with Givaudan to create a flavorful botanical-infused chewing gum for children that are designed to curb cravings for sugary treats. In such launched products, plant extracts are used as a key raw ingredient. These products were launched to help consumers maintain their health goals as health became a priority for consumers during the COVID-19 pandemic. Manufacturers are launching different herbal products because people have started focusing on herbal products while maintaining the nutritional balance. Manufacturers are incorporating plant extracts in personal care products and investing in their research and development activities to address the needs of consumers. Tetraselmis Suecica extract has been selected as highly effective in lowering sebum levels to address the issue of excessive sebum production at its root. In addition to natural mannitol, algae can protect hair and scalp from environmental damage. Such product innovations help the players in the plant extracts market extend their reach and gain a competitive edge in international markets. Various market players are adopting business expansion, production capacity scaleup, and many strategies to provide better customer satisfaction. Such development strategies are projected to open lucrative growth opportunities for the plant extracts market during the forecast period.
South & Central America Plant Extracts Market Segmentation
The South & Central America plant extracts market is segmented on the basis of form, source, application, and country.- Based on form, the market is segmented into liquid, powder, and paste. The liquid segment dominated the market in 2022.
- Based on source, the market is segmented into fruits and vegetables, herbs and spices, flowers, and others. The herbs and spices segment dominated the market in 2022.
- Based on application, the South & Central America plant extracts market is segmented into food and beverages, pharmaceuticals and nutraceuticals, personal care, and others. The food and beverages segment dominated the market in 2022.
- Based on country, the South & Central America plant extracts market is segmented into Brazil, Argentina, and the rest of South & Central America. Further, the rest of South & Central America dominated the market in 2022.
Frequently Asked Questions about the South and Central American Plant Extracts Market
What is the estimated value of the South and Central American Plant Extracts Market?
What is the growth rate of the South and Central American Plant Extracts Market?
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Who are the key companies in the South and Central American Plant Extracts Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 126 |
| Published | September 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 2700.8 Million |
| Forecasted Market Value ( USD | $ 4325.47 Million |
| Compound Annual Growth Rate | 8.2% |
Table of Contents
1. Introduction
3. Research Methodology
4. South & Central America Plant Extracts Market Landscape
5. South & Central America Plant Extracts Market - Key Market Dynamics
6. Plant Extracts Market - South & Central America Analysis
7. South & Central America Plant Extracts Market Analysis - By Form
8. South & Central America Plant Extracts Market Analysis - By Source
9. South & Central America Plant Extracts Market Analysis - By Application
10. South & Central America Plant Extracts Market - Country Analysis
11. Industry Landscape
12. Company Profiles
13. Appendix
Companies Mentioned
A selection of companies mentioned in this report includes:
- Dohler
- Givaudan S.A.
- Ingredion Inc.
- International Flavors & Fragrances, Inc.
- Kemin Industries, Inc.
- Kerry Group Plc
- Sensient Technologies Corporation
- Symrise
