South & Central America Plant Extracts Market Size and Forecast (2021-2031), Country Share, Trend, and Growth Opportunity Analysis Report Coverage: By Form (Powder, Liquid, and Paste), Source (Fruits and Vegetables, Herbs and Spices, Flowers, and Others), Application (Food & Beverages, Pharmaceuticals & Nutraceuticals, Personal Care, and Others), and Country

BMIRE00025788 | Pages: 119 | Food and Beverages | May 2024 | Type: Regional | Status: Published

The South & Central America plant extracts market size is projected to reach US$ 5.52 billion by 2031 from US$ 2.93 billion in 2023. The market is expected to register a CAGR of 8.2% during 2023-2031.

In the personal care, plant and botanical extracts are witnessing tremendous growth as people are replacing conventional products with natural, plant-based, and cruelty-free products. Therefore, manufacturers are developing plant extracts with widespread applications in various personal care products such as skin care, hair care, and bath and body products to meet the growing demand. Givaudan has developed a proprietary wheat peptide extract under the brand name Naturein which is a 100% natural and sustainable heir detangling ingredient. In the 2019 In-Cosmetics event in Brazil, Sao Paulo, the company presented this ingredient as a clean and sustainable alternative to cationic guar which is a key ingredient in the hair care category. As the cosmetics industry s booming in South America with increasing focus on clean and natural beauty products, such plant extracts are expected to experience robust growth in the coming years.

In the skin care category, natural, plant-based anti-aging products are booming as people are concerned about synthetic and animal-derived ingredients used in the cosmetic products. Quinoa seed extract obtained from quinoa plant, which is native to South America, is recognized for its exceptional anti-aging properties as it helps in skin firming. It also reduces the puffiness around eyes owing to which it is finding huge potential in eye creams.

In the fragrance industry, customers are rapidly shifting toward premium fragrances with natural, anti-allergic, and non-toxic ingredients. Biolandes, a French plant extracts company, introduced Rosa Damascena and vetiver extracts for the natural fragrance industry in the In-Cosmetics event hosted in Brazil in September 2022. These extracts find applications in fragrances suitable for sensitive, dry, and damaged skin as well.

Abundance of raw material due to the presence of Amazon rainforest with diverse plant species encourage manufacturers to launch food and beverages and personal care products that are infused with plant extracts. Moreover, rising disposable income and improving lifestyles boost the growth of the region's functional food & beverages industry. Also, the increasing demand for natural ingredients in the region is attributed to the rising concerns related to health implications of synthetic chemical ingredients and availability of a wide range of products at supermarket aisles and online shopping platforms. Thus, the rising demand for functional food and beverage products is potentially driving the plant extracts market across South & Central America.

The plant extracts market is projected to grow significantly in the coming years, with prominent players such as Kerry Group Plc, Givaudan, and Symrise operating across South & Central America. These companies have a solid customer base across different regions and offer various plant extracts, including different flavors and fragrances, natural and plant-based ingredients, etc.

Based on form type, the plant extracts market is segmented into powder, liquid, and paste. The liquid segment holds significant market share in 2023. Liquid extract is the majorly available plant extract as it requires minimal processing compared to other forms. Other advantages of liquid extract are fast absorption, flexible blending features, and longer shelf life. The growing popularity of floral liquid extracts in the cosmetics industry fuels the South & Central America plant extract market growth for the liquid segment. Further, the rising use of spices and herbs essences in body lotions, hair oils, shampoos, and conditioners is expected to increase the demand for plant extracts in liquid form.

Grupo Natac SLU, Martin Bauer GmbH & Co KG, Archer-Daniels-Midland Co, Kemin Industries Inc, Ingredion Inc, Kerry Group Plc, International Flavors & Fragrances Inc, Dohler GmbH, Symrise AG, and Givaudan SA are among the key players operating in the South & Central America plant extracts market.

The overall South & Central America plant extracts market size has been derived using primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs; business development managers; market intelligence managers; national sales managers; and external consultants, including valuation experts, research analysts, and key opinion leaders, specializing in the South & Central America plant extracts market.

TABLE OF CONTENTS

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

2. Executive Summary

2.1 Key Market Insights

2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research

3.2 Primary Research

3.2.1 Hypothesis formulation:

3.2.2 Macro-economic factor analysis:

3.2.3 Developing base number:

3.2.4 Data Triangulation:

3.2.5 Country level data:

4. South & Central America Plant Extracts Market Landscape

4.1 Market Overview

4.2 Porter's Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of New Entrants

4.2.4 Competitive Rivalry

4.2.5 Threat of Substitutes

4.3 Ecosystem Analysis

4.3.1 Raw Materials Supplier

4.3.2 Manufacturers

4.3.3 Distributors or Wholesalers

4.3.4 Application

4.3.5 List of Vendors in the Value Chain

4.4 List of Potential Customers of Plant Extracts

5. South & Central America Plant Extracts Market - Key Market Dynamics

5.1 South & Central America Plant Extracts Market - Key Market Dynamics

5.2 Market Drivers

5.2.1 Rising Demand for Natural Ingredients in Food and Beverages

5.2.2 Growing Applications of Plant Extracts in Various Industries

5.3 Market Restraints

5.3.1 Regulatory Issues Associated with Usage of Plant Extracts

5.4 Market Opportunities

5.4.1 Growing Consumer Inclination toward Herbal Products

5.5 Future Trends

5.6 Impact of Drivers and Restraints:

6. South & Central America Plant Extracts Market Analysis

6.1 South & Central America Plant Extracts Market Revenue (US$ Million), 2021-2031

6.2 South & Central America Plant Extracts Market Forecast and Analysis

7. South & Central America Plant Extracts Market Analysis - by Form

7.1 Powder

7.1.1 Overview

7.1.2 Powder: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

7.2 Liquid

7.2.1 Overview

7.2.2 Liquid: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

7.3 Paste

7.3.1 Overview

7.3.2 Paste: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

8. South & Central America Plant Extracts Market Analysis - by Source

8.1 Fruits and Vegetables

8.1.1 Overview

8.1.2 Fruits and Vegetables: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

8.2 Herbs and Spices

8.2.1 Overview

8.2.2 Herbs and Spices: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

8.3 Flowers

8.3.1 Overview

8.3.2 Flowers: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

8.4 Others

8.4.1 Overview

8.4.2 Others: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

9. South & Central America Plant Extracts Market Analysis - by Application

9.1 Food & Beverages

9.1.1 Overview

9.1.2 Food & Beverages: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

9.2 Pharmaceuticals & Nutraceuticals

9.2.1 Overview

9.2.2 Pharmaceuticals & Nutraceuticals: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

9.3 Personal Care

9.3.1 Overview

9.3.2 Personal Care: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

9.4 Others

9.4.1 Overview

9.4.2 Others: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

10. South & Central America Plant Extracts Market - Country Analysis

10.1 South & Central America

10.1.1 South & Central America Plant Extracts Market Breakdown by Countries

10.1.2 South & Central America Plant Extracts Market Revenue and Forecast and Analysis - by Country

10.1.2.1 South & Central America Plant Extracts Market Revenue and Forecast and Analysis - by Country

10.1.2.2 Brazil: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

10.1.2.2.1 Brazil: South & Central America Plant Extracts Market Breakdown by Form

10.1.2.2.2 Brazil: South & Central America Plant Extracts Market Breakdown by Source

10.1.2.2.3 Brazil: South & Central America Plant Extracts Market Breakdown by Application

10.1.2.3 Argentina: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

10.1.2.3.1 Argentina: South & Central America Plant Extracts Market Breakdown by Form

10.1.2.3.2 Argentina: South & Central America Plant Extracts Market Breakdown by Source

10.1.2.3.3 Argentina: South & Central America Plant Extracts Market Breakdown by Application

10.1.2.4 Chile: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

10.1.2.4.1 Chile: South & Central America Plant Extracts Market Breakdown by Form

10.1.2.4.2 Chile: South & Central America Plant Extracts Market Breakdown by Source

10.1.2.4.3 Chile: South & Central America Plant Extracts Market Breakdown by Application

10.1.2.5 Colombia: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

10.1.2.5.1 Colombia: South & Central America Plant Extracts Market Breakdown by Form

10.1.2.5.2 Colombia: South & Central America Plant Extracts Market Breakdown by Source

10.1.2.5.3 Colombia: South & Central America Plant Extracts Market Breakdown by Application

10.1.2.6 Peru: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

10.1.2.6.1 Peru: South & Central America Plant Extracts Market Breakdown by Form

10.1.2.6.2 Peru: South & Central America Plant Extracts Market Breakdown by Source

10.1.2.6.3 Peru: South & Central America Plant Extracts Market Breakdown by Application

10.1.2.7 Costa Rica: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

10.1.2.7.1 Costa Rica: South & Central America Plant Extracts Market Breakdown by Form

10.1.2.7.2 Costa Rica: South & Central America Plant Extracts Market Breakdown by Source

10.1.2.7.3 Costa Rica: South & Central America Plant Extracts Market Breakdown by Application

10.1.2.8 Ecuador: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

10.1.2.8.1 Ecuador: South & Central America Plant Extracts Market Breakdown by Form

10.1.2.8.2 Ecuador: South & Central America Plant Extracts Market Breakdown by Source

10.1.2.8.3 Ecuador: South & Central America Plant Extracts Market Breakdown by Application

10.1.2.9 Rest of South & Central America: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

10.1.2.9.1 Rest of South & Central America: South & Central America Plant Extracts Market Breakdown by Form

10.1.2.9.2 Rest of South & Central America: South & Central America Plant Extracts Market Breakdown by Source

10.1.2.9.3 Rest of South & Central America: South & Central America Plant Extracts Market Breakdown by Application

11. Competitive Landscape

11.1 Heat Map Analysis

11.2 Company Positioning and Concentration

12. Industry Landscape

12.1 Overview

12.2 Mergers And Acquisitions

12.3 Agreements, Collaborations, And Joint Ventures

12.4 New Product Launches

12.5 Expansions And Other Strategic Developments

13. Company Profiles

13.1 Grupo Natac SLU

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Martin Bauer GmbH & Co KG

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Archer-Daniels-Midland Co

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Kemin Industries Inc

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Ingredion Inc

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Kerry Group Plc

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 International Flavors & Fragrances Inc

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 Dohler GmbH

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 Symrise AG

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 Givaudan SA

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners

 

LIST OF TABLES

 

Table 1. South & Central America Plant Extracts Market Segmentation

Table 2. List of Vendors

Table 3. List of Potential Customers

Table 4. South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

Table 5. South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million) - by Form

Table 6. South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million) - by Source

Table 7. South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million) - by Application

Table 8. South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million) - by Country

Table 9. Brazil: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million) - by Form

Table 10. Brazil: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million) - by Source

Table 11. Brazil: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million) - by Application

Table 12. Argentina: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million) - by Form

Table 13. Argentina: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million) - by Source

Table 14. Argentina: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million) - by Application

Table 15. Chile: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million) - by Form

Table 16. Chile: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million) - by Source

Table 17. Chile: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million) - by Application

Table 18. Colombia: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million) - by Form

Table 19. Colombia: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million) - by Source

Table 20. Colombia: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million) - by Application

Table 21. Peru: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million) - by Form

Table 22. Peru: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million) - by Source

Table 23. Peru: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million) - by Application

Table 24. Costa Rica: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million) - by Form

Table 25. Costa Rica: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million) - by Source

Table 26. Costa Rica: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million) - by Application

Table 27. Ecuador: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million) - by Form

Table 28. Ecuador: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million) - by Source

Table 29. Ecuador: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million) - by Application

Table 30. Rest of South & Central America: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million) - by Form

Table 31. Rest of South & Central America: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million) - by Source

Table 32. Rest of South & Central America: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million) - by Application

Table 33. Heat Map Analysis

 

LIST OF FIGURES

 

Figure 1. South & Central America Plant Extracts Market Segmentation, by Country

Figure 2. Porter's Analysis

Figure 3. Ecosystem: South & Central America Plant Extracts Market

Figure 4. Impact Analysis of Drivers and Restraints

Figure 5. South & Central America Plant Extracts Market Revenue (US$ Million), 2021-2031

Figure 6. South & Central America Plant Extracts Market Share (%) - by Form, 2023 and 2031

Figure 7. Powder: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

Figure 8. Liquid: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

Figure 9. Paste: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

Figure 10. South & Central America Plant Extracts Market Share (%) - by Source, 2023 and 2031

Figure 11. Fruits and Vegetables: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

Figure 12. Herbs and Spices: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

Figure 13. Flowers: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

Figure 14. Others: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

Figure 15. South & Central America Plant Extracts Market Share (%) - by Application, 2023 and 2031

Figure 16. Food and Beverages: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

Figure 17. Pharmaceuticals and Nutraceuticals: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

Figure 18. Personal Care: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

Figure 19. Others: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

Figure 20. South & Central America Plant Extracts Market Breakdown by Key Countries, 2023 and 2031 (%)

Figure 21. Brazil: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

Figure 22. Argentina: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

Figure 23. Chile: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

Figure 24. Colombia: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

Figure 25. Peru: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

Figure 26. Costa Rica: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

Figure 27. Ecuador: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

Figure 28. Rest of South & Central America: South & Central America Plant Extracts Market - Revenue and Forecast to 2031 (US$ Million)

Figure 29. Company Positioning and Concentration

The List of Companies - South & Central America Plant Extracts Market

  • Grupo Natac SLU
  • Martin Bauer GmbH & Co KG
  • Archer-Daniels-Midland Co
  • Kemin Industries Inc
  • Ingredion Inc
  • Kerry Group Plc
  • International Flavors & Fragrances Inc
  • Dohler GmbH
  • Symrise AG
  • Givaudan SA
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South & Central America Plant Extracts Market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the South & Central America Plant Extracts Market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the Plant Extracts Market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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