Argentina Herbal Extract Market Size & Outlook, 2021-2030
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Argentina herbal extract market highlights
- The Argentina herbal extract market generated a revenue of USD 543.3 million in 2023 and is expected to reach USD 911.1 million by 2030.
- The Argentina market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, cherry was the largest revenue generating product in 2023.
- Curcumin is the most lucrative product segment registering the fastest growth during the forecast period.
Herbal extract market data book summary
| Market revenue in 2023 | USD 543.3 million |
| Market revenue in 2030 | USD 911.1 million |
| Growth rate | 7.7% (CAGR from 2024 to 2030) |
| Largest segment | Cherry |
| Fastest growing segment | Curcumin |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Turmeric, Rosemary, Ginseng, Aloe, Nutmeg, Sage, Garlic, Cranberry, Saw Palmetto, Cumin, Lecithin, Valerian, Cherry, Pygeum Africanum, Beet Root, Olive Leaf, Holy Basil, Elder Berry, Horehound, Lycium, Ginger, Orange, Cinnamon, Green Tea, Flax, Curcumin, Fenugreek Seed, Capsaicin, Anise, Ashwagandha, Kale |
| Key market players worldwide | Botanic Healthcare, Vidya Herbs, AllicinMedic, Herbal Hills, Bio Herbs, Pioneer Enterprises, Sydler, Herbal Creations, Alpspure Lifesciences, Idobio Co., DohlerGroup, Martin Bauer Group |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.8% of the global herbal extract market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil herbal extract market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,809.4 million by 2030.
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Herbal Extract Market Scope
Herbal Extract Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Idobio Co. | View profile | 11-50 | Xian Shi, Shaanxi, China, Asia | http://www.idobio.com |
| Herbal Creations | View profile | 51-100 | Naini Tal, Uttarakhand, India, Asia | https://herbal-creations.com |
| Pioneer Enterprises | View profile | 51-100 | Pune, Maharashtra, India, Asia | https://www.pioneerentp.net |
| Bio Herbs | View profile | 51-100 | Chía, Cundinamarca, Colombia, South America | https://www.bioherbs.co |
| AllicinMedic | View profile | 1-10 | Apeldoorn, Gelderland, The Netherlands, Europe | https://www.allicinmedic.nl/ |
| Vidya Herbs | View profile | 251-500 | Bengaluru, Karnataka, India, Asia | https://www.vidyaherbs.com |
| Alpspure Lifesciences | View profile | 11-50 | New Delhi, Delhi, India, Asia | https://www.alpspure.in |
| Botanic Healthcare | View profile | 101-250 | Hyderabad, Andhra Pradesh, India, Asia | https://www.botanichealthcare.net |
| Sydler | View profile | 11-50 | Mumbai, Maharashtra, India, Asia | http://www.sydlerindia.com |
| DohlerGroup | View profile | 5001-10000 | Darmstadt, Hessen, Germany, Europe | https://www.doehler.com/ |
| Herbal Hills | View profile | 1-10 | Kandivli, Maharashtra, India, Asia | https://www.herbalhillswellness.com/ |
| Martin Bauer Group | View profile | 1001-5000 | Vestenbergsgreuth, Bayern, Germany, Europe | https://www.martin-bauer-group.com/ |
Argentina herbal extract market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to herbal extract market will help companies and investors design strategic landscapes.
Cherry was the largest segment with a revenue share of 10.9% in 2021. Horizon Databook has segmented the Argentina herbal extract market based on turmeric, rosemary, ginseng, aloe, nutmeg, sage, garlic, cranberry, saw palmetto, cumin, lecithin, valerian, cherry, pygeum africanum, beet root, olive leaf, holy basil, elder berry, horehound, lycium, ginger, orange, cinnamon, green tea, flax, curcumin, fenugreek seed, capsaicin, anise, ashwagandha, kale covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina has been one of the key providers of herbal materials, which are currently being used worldwide. In northwestern Argentina, herbal beverages have been used as natural elements of the medicinal and gastronomic culture.
It is a common practice to eat herbal extracts and use them in food preparations in the country. They are also used as food additives, dietary supplements, and herbal medicines.
The growth of the market for herbal extracts in the country is primarily driven by the rising number of health-conscious consumers and the prevailing trend of veganism.
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Our clientele includes a mix of herbal extract market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina herbal extract market , including forecasts for subscribers. This country databook contains high-level insights into Argentina herbal extract market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina herbal extract market size, by product, 2018-2030 (US$M)
Argentina Herbal Extract Market Outlook Share, 2021 & 2030 (US$M)
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