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),

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


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.

Reasons to buy

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 and; Central America plant extracts market, thereby allowing players to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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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

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