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South America Food Preservatives Market Is Segmented by Type (Natural and Synthetic); by application (Beverage, Dairy & Frozen Product, Bakery, Meat, Poultry & Seafood, Confectionery, Sauces & Salad Mixes, and Others); and by Geography
South America Food Preservatives Market is projected to grow at a CAGR of 2.27% during the forecast period 2020-2025.
South America food preservatives market is segmented by type, application, and geography. On the basis of type, the market is segmented into natural and synthetic. On the basis of application, the market is segmented into beverage, dairy & frozen product, bakery, meat, poultry & seafood, confectionery, sauces & salad mixes, and others. On the basis of geography, the report provides a detailed regional analysis, which includes Brazil, Columbia, and the Rest of South America.
|Dairy & Frozen Product|
|Meat, Poultry & Seafood|
|Sauces and Salad Mixes|
|Rest of South America|
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The preservatives market is largely driven by demand for convenience and packaged foods by the burgeoning population and rising urbanization rates. However, the major constraint is the increased awareness on the ill effects of synthetic ingredients and growing consumer demand for fresh and natural foods. Companies are seeing this as an opportunity to innovate and provide solutions in the in the form of natural and functional ingredients. Growing share of organized retail in South America is driving increased acceptance of processed and packaged foods.
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Brazil accounts for almost half of the population of South America. It is South America’s largest economy. Moreover, higher employment rates and increasing presence of women in the work place drove Brazilians to include more processed foods in their daily diet. Furthermore, overweight and obesity rates are increasing in Brazil, leading to mounting health consciousness and shifting consumer attitudes toward food products. In response, major manufacturers are expected to further develop targeted fortified/functional products with safe preservatives. This in turn booting the market in the country.
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Some of the major players in the market studied are Kerry Inc., DSM, DuPont, BASF SE among others. These players have a strong position in the fast-growth natural preservatives and clean label categories, benefiting from greater usage of these preservatives in food and beverages generally. The strategy of developing new products and partnerships with local players helps to increase the company’s footprint in the foreign country and release new products according to the consumers’ changing preferences.
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
5.2 By Application
5.2.2 Dairy & Frozen Product
5.2.4 Meat, Poultry & Seafood
5.2.6 Sauces and Salad Mixes
5.3.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Kerry Inc.
6.4.4 Corbion N.V.
6.4.5 BASF SE
6.4.6 Albemarle Corporation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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