Market Trends of South America Spice and Herb Extracts Industry
This section covers the major market trends shaping the South America Spice & Herb Extracts Market according to our research experts:
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.
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.
