South America Food Preservatives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.27 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Food Preservatives Market Analysis
South America Food Preservatives Market is projected to grow at a CAGR of 2.27% during the forecast period 2020-2025.
- The South American market is one of the fastest growing markets for food preservatives. South America is an emerging market with huge potential and strong growth rates.
- The market for food preservatives in South America is mainly driven due to diet and flavor convergence, increasing per capita revenue in emerging economies, and increasing urbanization and growing consumer preference for processed foods.
- Expanding processed foods market, penetration of the organized retail sector, and increasing demand for processed foods are the major factors driving the preservatives market in the region.
South America Food Preservatives Market Trends
This section covers the major market trends shaping the South America Food Preservatives Market according to our research experts:
Rising Consumption of Processed Food
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.
Brazil Holds the Largest Market Share in the Market Studied
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.
South America Food Preservatives Industry Overview
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.
South America Food Preservatives Market Leaders
Kerry Inc.
DSM
DuPont
Corbion N.V.
*Disclaimer: Major Players sorted in no particular order
South America Food Preservatives Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Natural
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5.1.2 Synthetic
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5.2 By Application
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5.2.1 Beverage
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5.2.2 Dairy & Frozen Product
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5.2.3 Bakery
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5.2.4 Meat, Poultry & Seafood
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5.2.5 Confectionery
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5.2.6 Sauces and Salad Mixes
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5.2.7 Others
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5.3 Geography
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5.3.1 Brazil
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5.3.2 Columbia
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5.3.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Kerry Inc.
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6.4.2 DSM
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6.4.3 DuPont
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6.4.4 Corbion N.V.
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6.4.5 BASF SE
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6.4.6 Albemarle Corporation
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6.4.7 ADM
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America Food Preservatives Industry Segmentation
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.
| By Type | |
| Natural | |
| Synthetic |
| By Application | |
| Beverage | |
| Dairy & Frozen Product | |
| Bakery | |
| Meat, Poultry & Seafood | |
| Confectionery | |
| Sauces and Salad Mixes | |
| Others |
| Geography | |
| Brazil | |
| Columbia | |
| Rest of South America |
South America Food Preservatives Market Research FAQs
What is the current South America Food Preservatives Market size?
The South America Food Preservatives Market is projected to register a CAGR of 2.27% during the forecast period (2024-2029)
Who are the key players in South America Food Preservatives Market?
Kerry Inc., DSM , DuPont and Corbion N.V. are the major companies operating in the South America Food Preservatives Market.
What years does this South America Food Preservatives Market cover?
The report covers the South America Food Preservatives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Food Preservatives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Food Preservatives Industry Report
Statistics for the 2024 South America Food Preservatives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Food Preservatives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
