| Product Code: ETC4855072 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Guatemala saw a diverse range of botanical imports, with key suppliers including Peru, China, India, Egypt, and Nicaragua. The market shows a steady growth with a low Herfindahl-Hirschman Index (HHI) concentration, indicating a competitive landscape. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) between 2020 and 2024 remained positive at 1.25%. This suggests a stable market for botanical imports in Guatemala, providing opportunities for both domestic consumption and potential export growth.

By 2027, the Botanicals market in Guatemala is anticipated to reach a growth rate of 7.15%, as part of an increasingly competitive Latin America region, where Brazil remains at the forefront, supported by Mexico, Argentina, Colombia and Chile, driving innovations and market adoption across sectors.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Guatemala Botanicals Market Overview |
3.1 Guatemala Country Macro Economic Indicators |
3.2 Guatemala Botanicals Market Revenues & Volume, 2021 & 2031F |
3.3 Guatemala Botanicals Market - Industry Life Cycle |
3.4 Guatemala Botanicals Market - Porter's Five Forces |
3.5 Guatemala Botanicals Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Guatemala Botanicals Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Guatemala Botanicals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness and demand for natural and organic products |
4.2.2 Growing popularity of traditional medicinal practices using botanicals in Guatemala |
4.2.3 Rise in research and development activities focusing on the benefits of botanical ingredients |
4.3 Market Restraints |
4.3.1 Limited availability of certain botanical species due to environmental factors |
4.3.2 Regulatory challenges related to the cultivation and trade of botanicals in Guatemala |
5 Guatemala Botanicals Market Trends |
6 Guatemala Botanicals Market Segmentations |
6.1 Guatemala Botanicals Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Guatemala Botanicals Market Revenues & Volume, By Herbs, 2021-2031F |
6.1.3 Guatemala Botanicals Market Revenues & Volume, By Spices, 2021-2031F |
6.1.4 Guatemala Botanicals Market Revenues & Volume, By Flowers, 2021-2031F |
6.1.5 Guatemala Botanicals Market Revenues & Volume, By Other Sources, 2021-2031F |
6.2 Guatemala Botanicals Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Guatemala Botanicals Market Revenues & Volume, By Food and Beverage, 2021-2031F |
6.2.3 Guatemala Botanicals Market Revenues & Volume, By Dietary Supplements, 2021-2031F |
6.2.4 Guatemala Botanicals Market Revenues & Volume, By Animal Feed, 2021-2031F |
6.2.5 Guatemala Botanicals Market Revenues & Volume, By Other Applications, 2021-2031F |
7 Guatemala Botanicals Market Import-Export Trade Statistics |
7.1 Guatemala Botanicals Market Export to Major Countries |
7.2 Guatemala Botanicals Market Imports from Major Countries |
8 Guatemala Botanicals Market Key Performance Indicators |
8.1 Number of new product launches containing Guatemalan botanical ingredients |
8.2 Percentage increase in exports of Guatemalan botanical products |
8.3 Number of partnerships or collaborations between local producers and international companies in the botanicals market |
9 Guatemala Botanicals Market - Opportunity Assessment |
9.1 Guatemala Botanicals Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Guatemala Botanicals Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Guatemala Botanicals Market - Competitive Landscape |
10.1 Guatemala Botanicals Market Revenue Share, By Companies, 2024 |
10.2 Guatemala Botanicals Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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