South America Spice and Herb Extracts Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

South America Spice and Herb Extracts Market is segmented by Product Type (Cinnamon, Cumin, Chili, Coriander, Cardamom, Oregano, Pepper, Ginger, and Other Product Types), by Application (Food Applications, Beverage Applications, Pharmaceuticals), and Geography.

Market Snapshot

South America Spice and Herb Extracts Market Summary
Study Period: 2016 - 2026
Base Year: 2019
CAGR: 5 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

South America Spice and Herb Extracts Market is projected to register a CAGR of 5%, during the forecast period, 2020-2025.

  • Supplements consisting of natural herb and spice extracts are becoming extremely popular among South Americans, due to the increased health awareness, which has led to increased import of raw materials from the South American regions, like Peru, Colombia, and Brazil.
  • Furthermore, the rising awareness among consumers, regarding various health issues, has led to an increasing number of applications of natural spices and herbs extracts. The demand for ready-cooked and easy-to-prepare food is growing in South America, which, in turn, is boosting the market for spices and herbs extract in the region.

Scope of the report

The South America spice and herb extracts market is segmented by product type and application, and geography. Based on product type, the market is segmented into cinnamon, cumin, chili, coriander, cardamom, oregano, pepper, ginger, and other product types. On the basis of application, the market is segmented into food applications, beverage applications, pharmaceuticals. Based on geography, the report provides an analysis of the regional market, which includes Brazil, Argentina, and Rest of South Amerca.

By Product Type
Cinnamon
Cumin
Chili
Coriander
Cardamom
Oregano
Pepper
Ginger
Other Product Types
By Application
Food Applications
Beverage Applications
Pharmaceuticals
By Geography
Brazil
Argentina
Rest of South America

Report scope can be customized per your requirements. Click here.

Key Market Trends

Growing Demand for Processed Food

The key drivers that have led to the growth of the spice and herb extract market in South America are the shifting consumer focus towards natural products and increasing demand for convenience foods. Moreover, the growing trend for organic herb and spice extracts has opened up new market opportunities for producers. Further, South America is also a huge hub to produce aromatic herbal and spice extracts, which is in demand from the producers of aromatic waters.

south america spice and herb extract market

Brazil holds the Largest Share in the Market Studied

Brazil dominates the South America spice and herb extracts market, as spices and herb extracts are used for various applications in the food and beverage industry, especially in bakeries. In South America, the demand for the organic food market has grown with the demand for organic spice/herbs extracts, which in turn boosting the market studied in the region. Moreover, with the growing prominence of Asian cuisines in the country, Brazil imports spices and herb extract from Asia-Pacific countries, such as India, China, Vietnam, and others. For instance, Asian spices and seasonings are observing heavy demands from Indian restaurants like Tulsi Restaurants, Tandoor Restaurante Indiano, Samosa Restaurant, Reet Namaste, Restaurante Indiano Bawarchi, and others situated in Sao Paulo, Brazil, this in turn, is boosting the market studied in the country.

South America Spice and Herb Extracts Market

Competitive Landscape

The South America spice and herb extracts market is a partially competitive market, with the presence of various major and local players. Players adopt various strategies to occupy the market share. The major strategies adopted are acquisitions, expansions, and new product launches. Dohler Gmbh, and Firmenich, Synthite Industries Ltd. are the major players of the market.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Cinnamon

      2. 5.1.2 Cumin

      3. 5.1.3 Chili

      4. 5.1.4 Coriander

      5. 5.1.5 Cardamom

      6. 5.1.6 Oregano

      7. 5.1.7 Pepper

      8. 5.1.8 Ginger

      9. 5.1.9 Other Product Types

    2. 5.2 By Application

      1. 5.2.1 Food Applications

      2. 5.2.2 Beverage Applications

      3. 5.2.3 Pharmaceuticals

    3. 5.3 By Geography

      1. 5.3.1 Brazil

      2. 5.3.2 Argentina

      3. 5.3.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Dohler GmbH

      2. 6.4.2 Firmenich

      3. 6.4.3 Synthite Industries Ltd.

      4. 6.4.4 Merck KGaA

      5. 6.4.5 Organic Herb Inc

      6. 6.4.6 Nutra Green Biotechnology Co. Ltd

      7. 6.4.7 Givaudan (Naturex SA)

      8. 6.4.8 Indena S.p.A

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The South America Spice and Herb Extracts Market market is studied from 2016 - 2026.

The South America Spice and Herb Extracts Market is growing at a CAGR of 5% over the next 5 years.

Merck KGaA, Döhler GmbH, Firmenich, Givaudan (Naturex SA) are the major companies operating in South America Spice and Herb Extracts Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!