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Brazil Food Ingredient Market is segmented by Type as Ancient Grains and Seeds, Nuts, Seasoning and spices, Sweeteners and Sweetening Solutions,Edible Oils, Dried Fruits and Vegetables, Proteins, Acidulates and Emulsifiers, Flavors, Flavor Enhancers, and Colorants ; By Application as Bakery, Confectionery, Dairy, Snacks and Savory, Meat and Meat Product.
2016 - 2026
CAGR% (2019 - 2024):
Fastest Growing Segment - by Type:
Largest Market - by Application:
The Brazil Food Ingredient Market is forecasted to reach USD 23.63 billion by 2024 growing at a CAGR of 5.2%during the forecast period (2019 - 2024). Food ingredients are added to a variety of food products to perform various functions, such as improving overall safety and effectiveness, maintaining the nutritional value of food products, and improving taste, texture, and appearance of the final food product. The demand for synthetic food ingredients from Brazil and other South American countries is declining significantly, as consumers are adopting plant-based food ingredients. Brazilian consumers, especially the millennials, are adopting a healthier and active lifestyle, and thus, there is a significant shift in food preferences, from junk food to more natural and healthier food choices. Consumers are following the labels to get information regarding calories, total fat, cholesterol, sugar, proteins, preservatives, carbohydrate, gluten, and sodium.
Brazil is one of the largest countries in the South America region, with natural and organic food products gaining prominence the country. There is a high consumer demand for ingredients, such as fibers, whole grains, dairy ingredients, and proteins among others, as they address specific health concerns, including immune and digestive health. Based on application, the Brazil food ingredient market has been segmented into bakery, confectionery, dairy, Sauces, Dressings, and Condiments, Dried Processed Food, Sweet and Savory Snacks, Meat and Meat Products and other applications.
|Functional Food Ingredients|
|Starch and Texturants|
|Sauces, Dressings, and Condiments|
|Dried Processed Food|
|Sweet and Savory Snacks|
|Meat and Meat Products|
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With increasing preference for clean label products, the demand for natural colors is expected to increase exponentially during the forecast period. Although natural colors are safer, they have a few fictional issues, like consistency. This production of such colors involve high production costs and lack of raw material availability. Natural colorants have varied applications in functional foods. Food colors find application in many processed foods as well, including candies, snack foods, margarine, cheese, soft drinks, jams/jellies, gelatins, pudding, and pie fillings. The main constraint of the industry is the high cost of production, chemical instability due to fluctuating temperature/pH conditions and increased regulations. Paprika is another natural food color that is ground, and is made from the chili peppers (capsicum). It is used as a garnish in many recipes to create vibrant colors. WILD Flavors and Specialty Ingredients offers a line of natural food and beverage colors, Colors from Nature . These colors provide a natural, heat and light-stable product with appealing color hues.
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Flavors in food applications are two types: natural flavor and synthetic flavor. At present, the Brazil food market is dominated by the use of synthetic flavors as they are available easily with a wide variety of aromas and are comparatively cheaper than natural flavors. However, the natural flavor market is growing at a faster rate owing to increasing consumer preference for natural ingredients in Brazil. The food & beverages industry is the largest consumer of flavors. Fruit flavors are considered truer and fresher since they are prepared from fresh fruits. The love toward fruits by the consumers creates the market for these flavors. Flavor trends are leaning toward mixing natural extracts with exotic and spicy or traditional flavors. While growing demand for exotic food products has driven the flavor market, the demand for Brazilian spice flavors such as parsley, cumin and oregano are expected to continue to increase in other countries, such as Europe and the United States.
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The market studied is fragmented, and includes regional and global competitors. The market is dominated by players, like Cargill Inc., Koninklijke DSM NV, AAK AB, and DuPont. There are various small and medium local players holding a significant share in the market. The leading players in the market studied enjoy a dominant presence across the country. These players focus on leveraging opportunities posed by food industries to expand their product portfolio, in order to cater to the requirements for various product segments under the food industry. Cargill, one of the global ingredient suppliers, joined hands with major domestic players for sugar production, thus increasing the market share in Brazil. Many companies from Europe and the United States have strong ties with local distributors, and traders, which help them sell products to local sellers.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Functional Food Ingredients
5.1.2 Starch and Texturants
5.1.5 Edible Oils
5.2 By Application
5.2.2 Sauces, Dressings, and Condiments
5.2.3 Dried Processed Food
5.2.6 Sweet and Savory Snacks
5.2.7 Meat and Meat Products
5.2.8 Other Applications
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Olam International
6.3.2 Cargill Incorporated
6.3.3 Koninklijke DSM NV
6.3.4 AAK AB
6.3.5 Sensient Technologies
6.3.6 Du Pont
6.3.7 Ingredion Inc.
6.3.8 Archer Daniels Midland Company�
6.3.10 Tate & Lyle
6.3.11 Associated British Foods PLC
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability