| 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 |