South and Central America Plant Extracts Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Form (Liquid, Powder, and Paste), Source (Fruits and Vegetables, Herbs and Spices, Flowers, and Others), and Application (Food and Beverages, Pharmaceuticals and Nutraceuticals, Personal Care, and Others)
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.
South & Central America Plant Extracts Market Revenue and Forecast to 2028 (US$ Million)
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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.
A few of the key players dominating the South & Central America plant extracts market are Dohler; Givaudan S.A.; Ingredion Inc.; International Flavors & Fragrances, Inc.; Kemin Industries, Inc.; Kerry Group Plc; Sensient Technologies Corporation; Symrise; and Synergy Flavors.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. South & Central America Plant Extracts Market Landscape
4.1 Market Overview
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 Expert Opinion
4.4 Ecosystem Analysis
5. South & Central America Plant Extracts Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Natural Ingredients in Food and Beverages
5.1.2 Rising Inclination toward Herbal Products
5.2 Market Restraints
5.2.1 Regulatory Issues
5.3 Market Opportunities
5.3.1 Strategic Development Initiatives by Manufacturers
5.4 Future Trends
5.4.1 Increasing Veganism Trend
5.5 Impact Analysis of Drivers and Restraints
6. Plant Extracts Market – South & Central America Analysis
6.1 South & Central America Plant Extracts Market Overview
6.2 South & Central America Plant Extracts Market –Revenue and Forecast to 2028 (US$ Million)
7. South & Central America Plant Extracts Market Analysis – By Form
7.1 Overview
7.2 South & Central America Plant Extracts Market, By Form (2021 and 2028)
7.3 Liquid
7.3.1 Overview
7.3.2 Liquid: South & Central America Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Powder
7.4.1 Overview
7.4.2 Powder: South & Central America Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Paste
7.5.1 Overview
7.5.2 Paste: South & Central America Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
8. South & Central America Plant Extracts Market Analysis – By Source
8.1 Overview
8.2 South & Central America Plant Extracts Market, By Source (2021 and 2028)
8.3 Fruits and Vegetables
8.3.1 Overview
8.3.2 Fruits and Vegetables: South & Central America Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Herbs and Spices
8.4.1 Overview
8.4.2 Herbs and Spices: South & Central America Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Flowers
8.5.1 Overview
8.5.2 Flowers: South & Central America Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: South & Central America Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
9. South & Central America Plant Extracts Market Analysis – By Application
9.1 Overview
9.2 South & Central America Plant Extracts Market, By Application (2021 and 2028)
9.3 Food and Beverages
9.3.1 Overview
9.3.2 Food and Beverages: South & Central America Plant Extracts Market– Revenue and Forecast to 2028 (US$ Million)
9.4 Pharmaceuticals and Nutraceuticals
9.4.1 Overview
9.4.2 Pharmaceuticals and Nutraceuticals: South & Central America Plant Extracts Market– Revenue and Forecast to 2028 (US$ Million)
9.5 Personal Care
9.5.1 Overview
9.5.2 Personal Care: South & Central America Plant Extracts Market– Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: South & Central America Plant Extracts Market– Revenue and Forecast to 2028 (US$ Million)
10. South & Central America Plant Extracts Market – Country Analysis
10.1 Overview
10.1.1 South & Central America: Plant Extracts Market, by Key Country
10.1.1.1 Brazil: Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Brazil: Plant Extracts Market, by Form
10.1.1.1.2 Brazil: Plant Extracts Market, by Source
10.1.1.1.3 Brazil: Plant Extracts Market, by Application
10.1.1.2 Argentina: Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Argentina: Plant Extracts Market, by Form
10.1.1.2.2 Argentina: Plant Extracts Market, by Source
10.1.1.2.3 Argentina: Plant Extracts Market, by Application
10.1.1.3 Rest of South & Central America: Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Rest of South & Central America: Plant Extracts Market, by Form
10.1.1.3.2 Rest of South & Central America: Plant Extracts Market, by Source
10.1.1.3.3 Rest of South & Central America: Plant Extracts Market, by Application
11. Industry Landscape
11.1 Overview
11.2 Product launch
11.3 Merger & Acquisition
11.4 Expansion
11.5 Partnership
11.6 Company News
12. Company Profiles
12.1 Sensient Technologies Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Givaudan S.A.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Symrise
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Dohler
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Synergy Flavors
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 International Flavors and Fragrances Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Kerry Group Plc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Ingredion Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Kemin Industries, Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. South & Central America Plant Extracts Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Plant Extracts Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil Plant Extracts Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil Plant Extracts Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina Plant Extracts Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina Plant Extracts Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina Plant Extracts Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of South & Central America Plant Extracts Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of South & Central America Plant Extracts Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of South & Central America Plant Extracts Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. South & Central America Plant Extracts Market Segmentation
Figure 2. South & Central America Plant Extracts Market Segmentation – By Country
Figure 3. South & Central America Plant Extracts Market Overview
Figure 4. South & Central America Plant Extracts Market: By Form
Figure 5. South & Central America Plant Extracts Market: By Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. Ecosystem: South & Central America Plant Extracts Market
Figure 9. Sign Ups for Veganuary Campaign During 2015–2021
Figure 10. South & Central America Plant Extracts Market Impact Analysis of Drivers and Restraints
Figure 11. South & Central America Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. South & Central America Plant Extracts Market Revenue Share, By Form (2021 and 2028)
Figure 13. Liquid: South & Central America Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Powder: South & Central America Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Paste: South & Central America Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. South & Central America Plant Extracts Market Revenue Share, By Source (2021 and 2028)
Figure 17. Fruits and Vegetables: South & Central America Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Herbs and Spices: South & Central America Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Flowers: South & Central America Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Others: South & Central America Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. South & Central America Plant Extracts Market Revenue Share, By Application (2021 and 2028)
Figure 22. Food and Beverages: South & Central America Plant Extracts Market– Revenue and Forecast to 2028 (US$ Million)
Figure 23. Pharmaceuticals and Nutraceuticals: South & Central America Plant Extracts Market– Revenue and Forecast to 2028 (US$ Million)
Figure 24. Personal Care: South & Central America Plant Extracts Market– Revenue and Forecast to 2028 (US$ Million)
Figure 25. Others: South & Central America Plant Extracts Market– Revenue and Forecast to 2028 (US$ Million)
Figure 26. South & Central America: Plant Extracts Market, by key Country – Revenue (2021) (US$ Million)
Figure 27. South & Central America: Plant Extracts Market Revenue Share, by Key Country (2021 and 2028)
Figure 28. Brazil: Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Argentina: Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Rest of South & Central America: Plant Extracts Market – Revenue and Forecast to 2028 (US$ Million)
- Dohler
- Givaudan S.A.
- Ingredion Inc.
- International Flavors & Fragrances, Inc.
- Kemin Industries, Inc.
- Kerry Group Plc
- Sensient Technologies Corporation
- Symrise
- 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