Market Size of South America Spice and Herb Extracts Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Spice & Herb Extracts Market Analysis
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.
