Latin America Ancho Chile Powder Market Size & Outlook
The ancho chile powder market in Latin America is expected to reach a projected revenue of US$ 324.8 million by 2030. A compound annual growth rate of 6.6% is expected of Latin America ancho chile powder market from 2024 to 2030.
Revenue, 2023 (US$M)
$209.6
Forecast, 2030 (US$M)
$324.8
CAGR, 2024 - 2030
6.6%
Report Coverage
Latin America
Related Markets
Latin America ancho chile powder market highlights
- The Latin America ancho chile powder market generated a revenue of USD 209.6 million in 2023.
- The market is expected to grow at a CAGR of 6.6% from 2024 to 2030.
- In terms of segment, conventional was the largest revenue generating nature in 2023.
- Organic is the most lucrative nature segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 209.6 million |
| Market revenue in 2030 | USD 324.8 million |
| Growth rate | 6.6% (CAGR from 2024 to 2030) |
| Largest segment | Conventional |
| Fastest growing segment | Organic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Conventional, Organic |
| Key market players worldwide | McCormick & Co Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 26.7% of the global ancho chile powder market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 145.8 million by 2030.
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Ancho Chile Powder Market Scope
Ancho chile powder market segmentation & scope
Others
Ancho Chile Powder Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Cool Chile Company | View profile | 11-50 | London, England, United Kingdom, Europe | https://www.coolchile.co.uk |
| The Spice Guy | View profile | 1-10 | Denver, Colorado, United States, North America | https://www.thespiceguyco.com |
| Woodland Gourmet | View profile | 251-500 | Waukegan, Illinois, United States, North America | https://www.woodlandgourmet.com/ |
| Herbie's Spices | View profile | 11-50 | Central Coast, New South Wales, Australia, Oceania | https://www.herbies.com.au |
| Spicewalla | View profile | 51-100 | Asheville, North Carolina, United States, North America | https://spicewallabrand.com |
| Spiceology | View profile | 51-100 | Spokane, Washington, United States, North America | http://www.spiceology.com |
| Savory Spice Shop | View profile | 11-50 | Denver, Colorado, United States, North America | http://savoryspiceshop.com |
| McCormick & Company | View profile | 10001+ | Baltimore, Maryland, United States, North America | http://www.mccormickcorporation.com |
| McCormick & Co Inc | View profile | 13800 | 24 Schilling Road, Suite 1, Hunt Valley, MD, United States, 21031 | https://www.mccormickcorporation.com |
Latin America ancho chile powder market size, by country, 2018-2030 (US$M)
Latin America Ancho Chile Powder Market Outlook Share, 2023 & 2030 (US$M)
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