South America Food Flavor and Enhancer Market - Growth, Trends and Forecast (2020 - 2025)

South America Food Flavor and Enhancer Market is segmented By Type (Flavors (Natural Flavors, Synthetic Flavors and Nature Identical Flavors) and Flavor Enhancers), By Application (Bakery, Confectionery, Dairy, Beverages, Processed Food and Others) and By Geography

Market Snapshot

Study Period:


Base Year:



6.8 %

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Market Overview

South America Food Flavor and Enhancer Market is projected to grow at a CAGR of 6.8% during the forecast period.

  • There is a rising demand for natural food flavors and consumers are seen avoiding artificial colors and flavors that are incorporated into different food categories owing to the increasing health hazards that occur in consumption of synthetic/artificial flavors, which has resulted in an increased demand for natural food flavors.
  • Due to rising health concerns, there is a continuous rise in demand for specialty ingredients, along with natural food flavors in functional and fortified beverages.
  • The ease of vastly spread distribution channels in the South American food flavors market is strengthening the position of the companies and offering huge scope for investments in innovative technologies and for the development of enhanced flavors.

Scope of the report

South America Food Flavor and Enhancer Market is segmented by type that includes flavors and flavor enhancers. The flavor section is further segmented into natural flavors, synthetic flavors, and nature-identical flavors. Based on Application, the market is segmented into bakery, confectionery, dairy, beverages, processed food, and others. The study also involves an analysis of regions such as Brazil, Argentina and Rest of South America.

By Type
Natural Flavors
Synthetic Flavors
Nature Identical Flavors
Flavor Enhancers
By Application
Processed Food
South America
Rest of South America

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Key Market Trends

Brazil Dominates the Market

In Brazil, with the growing acceptance of frozen and processed food, the flavor manufacturers have many opportunities to extend their brands and strengthen connections with the Brazilian consumers. The low cost of labor in the region is also expected to encourage the companies in making investments. This factor is augmenting the growth of the flavors market. Many companies in Brazil, like Frutarom-IFF are focusing on natural products and building market leadership in herbal extracts. The companies are working toward developing and expanding their portfolios of natural products, owing to the consumers’ demands. The regulations pertaining to the food flavors in South American region are not that strict for the local companies. This factor has provided a competitive edge to the local manufacturers over the international companies.

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Rising Demand for Clean Label Ingredients

With the increasing health awareness, most of the population thoroughly check the label of a product before buying it. This awareness among consumers has prompted manufacturers to undertake the replacement of synthetic flavors with natural flavors. There has been a growing consumer demand for processed food and the expectations for safer and healthier ingredients have, in turn, increased the need for introduction of clean-label ingredients across diverse applications. An interest in the development of new natural flavor substances has been observed, for their use in the food industry, which is due to the strong consumer demand for more natural products. The health enhancing properties of natural flavors, combined with the organic properties in natural products, are also increasing their adoption. 

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Competitive Landscape

South America Food Flavor and Enhancer Market is consolidated with the major players holding the maximum share in the market. The key strategies adopted by the companies are new product innovation, mergers and acquisitions, partnerships and expansion. The major players are Givaudan, Firmenich, Kerry Group, International Flavors and Fragrances Inc. among others.

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Table Of Contents


    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study



    1. 3.1 Market Overview


    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


    1. 5.1 By Type

      1. 5.1.1 Flavors

        1. Natural Flavors

        2. Synthetic Flavors

        3. Nature Identical Flavors

      2. 5.1.2 Flavor Enhancers

    2. 5.2 By Application

      1. 5.2.1 Bakery

      2. 5.2.2 Confectionery

      3. 5.2.3 Dairy

      4. 5.2.4 Beverages

      5. 5.2.5 Processed Food

      6. 5.2.6 Others

    3. 5.3 Geography

      1. 5.3.1 South America

      2. 5.3.2 Brazil

      3. 5.3.3 Argentina

      4. 5.3.4 Rest of South America


    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 Givaudan

      2. 6.4.2 Firmenich

      3. 6.4.3 Kerry Group

      4. 6.4.4 International Flavors and Fragrances Inc.

      5. 6.4.5 Symrise AG

      6. 6.4.6 Corbion NV

      7. 6.4.7 Archer Daniels Midland Company

      8. 6.4.8 Takasago International Corporation

  7. *List Not Exhaustive

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