South America Food Additives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

South America Food Additive Market is segmented by Type (Preservatives, Sweeteners, Emulsifiers, Anti-caking Agents, Enzymes, Hydrocolloids, Food Flavours, and Enhancers, Food Colorants, Acidulants); and by Geography.

Market Snapshot

South America Food Additive Market Summary
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 5.3 %

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Market Overview

The South America food additives market is projected to grow with a CAGR of 5.3% during the forecast period 2020 - 2025.

  • The market is primarily driven by the wide range of its application in food and beverage industries for different functioning, such as preservative, flavor enhancer, emulsifier, sweetener, colorant, and many other functions. Also, the rising demand for convenience and packaged foods where additives are used in a higher quantity is further fueling the market growth.
  • However stringent environmental regulations like the FDA for additives used directly in processed foods and food-contact substances such as food packaging products are expected to impede the market growth. For instance, regarding the use of preservative and other food additives in Brazil, Article 2 of Decree #2092/1991 states the following: "all foods, condiments, beverages, or their raw material and food additives which are manufactured, fractioned, preserved, transported, sold, or exposed, must comply with CAA requirements. That is, when one of those is imported, CAA requirements will be applied.

Scope of the report

The South America food additives market is segmented by type into preservatives, sweeteners, emulsifiers, anti-caking agents, enzymes, hydrocolloids, food flavors, and enhancers, food color, and food acidulants. Also, the study provides an analysis of the food additives market in the emerging and established markets across the South America region, including Brazil, Argentina, and the Rest of South America.

By Type
Preservatives
Natural Antioxidants
Sorbates
Benzoates
Others
Sweeteners
Bulk Sweeteners
Sucrose
Fructose
Lactose
HFCS
Others
Sugar Substitutes
Sucralose
Xylitol
Stevia
Aspartame
Saccharine
Others
Emulsifier
Mono- and Diglycerides & Derivatives
Lecithin
Sorbates Easters
Others
Anti-Caking Agents
Calcium Compounds
Sodium Compounds
Silicon Dioxide
Others
Enzymes
Carbohydrase
Protease
Lipase
Others
Hydrocolloids
Starch
Gelatin Gum
Xanthan Gum
Others
Food Flavors and Enhancers
Natural Flavors
Synthetic Flavors
Flavor Enhancers
Food Colorants
Synthetic Food Colorants
Natural Food Colorants
Others
Acidulants
Citric Acid
Phosphoric Acid
Lactic Acid
Others
By Country
Brazil
Argentina
Rest of South America

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Key Market Trends

Rising Demand for Natural Food Flavor & Enhancers in the Region

Latin American countries, such as Argentina and Brazil, are taking action in the battle against obesity with several nations enacting policies designed to curb the consumption of artificial flavors, that add up unnecessary calories in the diet. The flavors, such as Martinique Rum Soaked Pineapple, Guatemalan Coffee Pure Arabica, Dulce de Leche Argentinian Recipe, Brazilian Orange Sorbet, and Spices, which have a high preference in South American countries, especially in Brazil, are also exported to European countries, like the United Kingdom. The companies are replacing their artificial ingredient with an extension in the natural ingredient category with an essence of natural flavorings, acceptable ingredients, like fruit and natural sweeteners in the food and beverage category. For instance, in 2014, Givaudan launched a peanuts collection, which was driven by industry demand for new directions in peanut flavors.

South America Food Additives Market1

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Brazil to Hold the Major Share in the Regional Market

Owing to the large population base with a potential consumer market, Brazil remains a lucrative market for food additives in the South American region. Moreover, the country is experiencing significant development in terms of new product launches and innovations. Major companies are strategizing business expansion in order to increase market penetration and are investing to supplement the production facility in the country. Furthermore, observing an increased inclination of the Brazilian population more towards natural ingredients, the major companies in the market are investing capital in sourcing tools and technologies to upgrade their products to a much reliable and likable category. The companies across the market in Brazil are following clean label consumer-driven initiatives and are investing capital in sponsoring awareness programs and seminars targeting the population to build a sense of reliability on their products, which are expected to decide the fate of companies in the food additives market in the forecast period.

South America Food Additives Market2

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Competitive Landscape

The South America food additive market is fragmented in nature owing to the presence of a large number of regional and domestic players. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the country's market include Cargill Incorporated, Givaudan, Corbion NV, Firmenich SA, Ajinomoto Co., Inc., and Palsgaard A/S, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Preservatives

        1. 5.1.1.1 Natural Antioxidants

        2. 5.1.1.2 Sorbates

        3. 5.1.1.3 Benzoates

        4. 5.1.1.4 Others

      2. 5.1.2 Sweeteners

        1. 5.1.2.1 Bulk Sweeteners

        2. 5.1.2.2 Sucrose

        3. 5.1.2.3 Fructose

        4. 5.1.2.4 Lactose

        5. 5.1.2.5 HFCS

        6. 5.1.2.6 Others

      3. 5.1.3 Sugar Substitutes

        1. 5.1.3.1 Sucralose

        2. 5.1.3.2 Xylitol

        3. 5.1.3.3 Stevia

        4. 5.1.3.4 Aspartame

        5. 5.1.3.5 Saccharine

        6. 5.1.3.6 Others

      4. 5.1.4 Emulsifier

        1. 5.1.4.1 Mono- and Diglycerides & Derivatives

        2. 5.1.4.2 Lecithin

        3. 5.1.4.3 Sorbates Easters

        4. 5.1.4.4 Others

      5. 5.1.5 Anti-Caking Agents

        1. 5.1.5.1 Calcium Compounds

        2. 5.1.5.2 Sodium Compounds

        3. 5.1.5.3 Silicon Dioxide

        4. 5.1.5.4 Others

      6. 5.1.6 Enzymes

        1. 5.1.6.1 Carbohydrase

        2. 5.1.6.2 Protease

        3. 5.1.6.3 Lipase

        4. 5.1.6.4 Others

      7. 5.1.7 Hydrocolloids

        1. 5.1.7.1 Starch

        2. 5.1.7.2 Gelatin Gum

        3. 5.1.7.3 Xanthan Gum

        4. 5.1.7.4 Others

      8. 5.1.8 Food Flavors and Enhancers

        1. 5.1.8.1 Natural Flavors

        2. 5.1.8.2 Synthetic Flavors

        3. 5.1.8.3 Flavor Enhancers

      9. 5.1.9 Food Colorants

        1. 5.1.9.1 Synthetic Food Colorants

        2. 5.1.9.2 Natural Food Colorants

        3. 5.1.9.3 Others

      10. 5.1.10 Acidulants

        1. 5.1.10.1 Citric Acid

        2. 5.1.10.2 Phosphoric Acid

        3. 5.1.10.3 Lactic Acid

        4. 5.1.10.4 Others

    2. 5.2 By Country

      1. 5.2.1 Brazil

      2. 5.2.2 Argentina

      3. 5.2.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Cargill, Incorporated

      2. 6.4.2 Givaudan

      3. 6.4.3 Corbion NV

      4. 6.4.4 Firmenich SA

      5. 6.4.5 Ajinomoto Co., Inc.

      6. 6.4.6 Palsgaard A/S

      7. 6.4.7 Synergy Flavors

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The South America Food Additives Market market is studied from 2016 - 2026.

The South America Food Additives Market is growing at a CAGR of 5.3% over the next 5 years.

Cargill, Incorporated, Givaudan, Corbion NV, Firmenich SA, Ajinomoto Co., Inc., Palsgaard A/S are the major companies operating in South America Food Additives Market.

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