Market Size of South America Food Flavor and Enhancer Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.80 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Food Flavor & Enhancer Market Analysis
The South American food flavor and enhancer market is projected to record a CAGR of 6.8% during the forecast period, 2020-2025.
- 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 the 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 the 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.
