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Brazil Food Flavor and Enhancer Market is segmented by Type as Food Flavors (Natural Flavor, Synthetic Flavor, Nature Identical Flavor), and Enhancers; and By Application into Bakery and Confectionery, Dairy, Meat and Meat Products , Soups, Pastas, and Noodles, Beverages, Sauces, Dressings, and Condiments, and Other Applications
Brazil Food Flavor And Enhancer market is projected to grow at a CAGR 3.05%, during the forecast period (2020 - 2025).
The market studied is segmented by type and application. Based on type, the market has been segmented into food flavors and enhancers. Food flavors are further segmented into natural flavors, synthetic flavors, and natural identical flavors. By application, the market is segmented into bakery, confectionery, meat and meat products, beverages, dairy, Soups, Pastas, and Noodles and other applications. The beverages segment is further segmented into alcoholic beverages and non-alcoholic beverages.
|By End User|
|Bakery and Confectionery|
|Meat and Meat Products|
|Soups, Pastas, and Noodles|
|Sauces, Dressings, and Condiments|
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The increasing consumer interest in nutritionally enriched products and all natural foods is promoting the demand for high-value premium and natural additives. The flavored products and alternative sweeteners remain the largest product types in the segment. The changing lifestyles of people in Brazil also impact their food habits. Natural herbs and spices were earlier used in domestic cooking to add flavors to the food, which is turning out to be an industrial need at present to cater to the big food processors in the local market. Legislatory organizations in the country are constantly making efforts to ensure the circulation of value-based and clean-label products in the country, which is acting as a driver for the food flavor and enhancer market in the country, compelling it to maintain the transparency between the consumers and final tailored products.
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The market is dominated by synthetic food flavor followed by natural flavor and nature identical flavors. Volume of the market for synthetic flavors is quiet higher compared to natural flavors. Although, natural flavors are priced in the higher end, therefore there is little difference between the values of both segments. Consumers with predominant convenience and processed food diet are at greater risk of consuming synthetic flavorings. Synthetic flavors have ill health impacts, if taken for long term. Therefore, regulatory bodies play a key role in making the use of synthetic flavors safe for consuming. A plethora of artificial flavors are available in the market, such as almond flavor, amaretto flavor, apple cinnamon flavor, apple flavor, apple pie type flavor, apricot flavor, artificial amaretto, etc.
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Kerry group and Givaudan are the most active companies in terms of mergers and acquisitions. The mergers and acquisitions are widely being used as a strategy by these players in order to collaborate their expertise with other market players for a more transparent understanding of consumers desire and deliver the best to the consumers.
Key players: Givaudan, Firmenich, Corbion, Archer Daniels Midland Company, Kerry Group, BASF, International Fragrance and Flavors, Inc., Sensient Technologies.
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
3.1 Market Overview
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porters Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Degree Of Competition
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Food Flavors
184.108.40.206 Natural Flavor
220.127.116.11 Synthetic Flavor
18.104.22.168 Natural Identical Flavors
5.2 By End User
5.2.1 Bakery and Confectionery
5.2.3 Meat and Meat Products
5.2.4 Soups, Pastas, and Noodles
22.214.171.124 Alcoholic Beverages
126.96.36.199 Non-alcoholic Beverages
5.2.6 Sauces, Dressings, and Condiments
5.2.7 Other Applications
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.2 Corbion NV
6.3.3 Firmenich SA
6.3.4 BASF SE
6.3.5 Kerry Group PLC
6.3.6 Archer Daniels Midland Company
6.3.7 International Fragrance & Flavors Inc.
6.3.8 Sensient Technologies
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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