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Brazil Food Preservatives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
The Brazil Food Preservatives Market is segmented by Type (Natural and Synthetic) and Application (Beverages, Dairy and Frozen Products, Bakery, Meat Poultry and Sea Food Products, Confectionery, and Other Applications).
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2016 - 2026
Base Year:
2020
CAGR:
3.45 %
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Market Overview
Food additives in Brazil are used to enhance the taste, texture, and color, while maintaining the nutritional content in foods. Food preservatives are a growing segment in the food additives market in the country, as they are used to prevent spoilage and decomposition that takes place in food products due to microbial reactions. The Brazilian food preservatives market is expected to register a CAGR of 3.45%. The food and beverage manufacturers are, thereby, focusing on the emerging Latin American markets as potential drivers of the food preservative.
Scope of the report
The Brazilian food preservatives market is segmented by type (natural and synthetic) and application (beverages, dairy and frozen products, bakery, meat poultry and sea food products, confectionery, and other applications).
| By Type | |
| Natural | |
| Synthetic |
| By Application | |
| Beverages | |
| Dairy and Frozen Products | |
| Bakery | |
| Meat Poultry and Sea Food Products | |
| Confectionery | |
| Other Applications |
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Key Market Trends
Strategic Investment in Brazil Food and Beverage Ingredient Market
- As one of the largest food producers and exporters in the world, Brazil offers interesting opportunities for the ingredient manufacturers in the food processing industry, which increases the investment in food preservatives ingredients in the country.
- Alongside the modernization of factories and production facilities, driven by consumer demand, many other macro-trends are also appearing in Brazil, such as increased convenience, increased “connectivity” at all levels of the value chain, and a shift toward healthier products and ingredients.
- Moreover, 15.6% of annual per capita spending has been on food and beverage products by the consumers (as per New Frontiers in Food), which is expected to further drive the market.
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Inclination toward Natural Preservative Ingredients
- Organic acids, which are both naturally present in foods during fermentation or which are added to foods during processing, can be used increasingly for food preservation in the country's food and beverage products.
- The most commonly used organic acids include citric, succinic, malic, tartaric, benzoic, lactic and propionic acids. For instance, Benzoic acid is the oldest and most widely used preservative. It occurs naturally in cranberries, raspberries, plums, prunes, cinnamon, and cloves.
- The use of chemical preservatives is regulated by maximum permitted levels. These amounts vary between countries. Therefore, considering this fact, more food and beverage manufacturers in the country should resort to adopting organic and specialty food preservative ingredients in their products.
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Competitive Landscape
The Brazilian food preservatives market is very competitive, and some of the major companies manufacturing their food preservatives in Brazil and Latin America are Corbion NV, Brenntag AG, and Celanese Corporation.
- March 2019 - Dutch food ingredients company, Corbion NV, acquired Granotec do Brazil for USD 45 million, to expand its Latin American business. Granotec do Brazil is a leading specialist in functional blends for the Brazilian bakery industry.
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Table Of Contents
1. INTRODUCTION
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 Drivers
4.2 Market Restraints
4.3 Porter's 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 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Natural
5.1.2 Synthetic
5.2 By Application
5.2.1 Beverages
5.2.2 Dairy and Frozen Products
5.2.3 Bakery
5.2.4 Meat Poultry and Sea Food Products
5.2.5 Confectionery
5.2.6 Other Applications
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Position Analysis
6.3 Company Profiles
6.3.1 Corbion NV
6.3.2 DuPont de Nemours Inc.
6.3.3 Brenntag AG
6.3.4 Celanese Corporation
6.3.5 Chr Hansen Holding AS
6.3.6 Cargill Incorporated
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
*List Not Exhaustive
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