The Brazilian food additives market is projected to register a CAGR of 4.32% during the forecast period (2020-2025).
Key Market Trends
Sweeteners Promises Significant Growth
The success of the sweetener products can be understood from the recent success of the Brazilian sugar mills. These mills are responsible for over 90% of the domestic sugar output, and they have crushed over 5.26 million metric ton in the early period of 2016, a significant increase from 292,600 metric ton of the previous year. The food consumption pattern in Brazil changed significantly with improved living standards. More consumers are exposed to a greater diversity of consumer products. Beverage manufacturers can use a combination of different additives in Brazil, according to a decree passed by the President of the Republic of Brazil in 2016.
Growing Demand for Anti-microbial Additive
Brazil is one of the world’s largest producers and exporters of meat and animal products. Antimicrobials are used in food-producing animals, mainly as a growth promoter. Microbial pathogens are the cause of many foodborne diseases because of the ingestion of contaminated food. Several preservation methods have been developed by the companies in the country to assure microbial food safety, as well as nutritional values and sensory characteristics of food. However, the demand for natural antimicrobial agents is increasing due to Brazilian consumers’ concerns related to health issues.
Competitive Landscape
The Brazilian food additives market is highly fragmented. The major foreign players in the market are Cargill, Tate & Lyle, DuPont, DSM, Givaudan, Brenntag, Novozymes, and International Flavors and Fragrances. Some of the regional companies manufacturing food additives in the country are Associated British Foods, Cordis SA, CSB-System Latinoamerica, Eurochem SA, Assuan Investment Export Import Ltd, and Danone.
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- Additives are mainly used to maintain and improve the safety of the packaged food and to enhance the nutritional value of the food. Expanding the processed food market due to increasing disposable incomes of the burgeoning middle class is the major driver for the food additives market’s growth in the region. The growth is further supported by the growing urbanization of the rural population and the rising organized market in the rural segments.
- Being an agriculture and food-based economy, Brazil provides a greater scope of growth. Entering a market as large as Brazil requires well-founded knowledge of the local conditions and careful weighing-up of opportunities.
Key Market Trends
Sweeteners Promises Significant Growth
The success of the sweetener products can be understood from the recent success of the Brazilian sugar mills. These mills are responsible for over 90% of the domestic sugar output, and they have crushed over 5.26 million metric ton in the early period of 2016, a significant increase from 292,600 metric ton of the previous year. The food consumption pattern in Brazil changed significantly with improved living standards. More consumers are exposed to a greater diversity of consumer products. Beverage manufacturers can use a combination of different additives in Brazil, according to a decree passed by the President of the Republic of Brazil in 2016.
Growing Demand for Anti-microbial Additive
Brazil is one of the world’s largest producers and exporters of meat and animal products. Antimicrobials are used in food-producing animals, mainly as a growth promoter. Microbial pathogens are the cause of many foodborne diseases because of the ingestion of contaminated food. Several preservation methods have been developed by the companies in the country to assure microbial food safety, as well as nutritional values and sensory characteristics of food. However, the demand for natural antimicrobial agents is increasing due to Brazilian consumers’ concerns related to health issues.
Competitive Landscape
The Brazilian food additives market is highly fragmented. The major foreign players in the market are Cargill, Tate & Lyle, DuPont, DSM, Givaudan, Brenntag, Novozymes, and International Flavors and Fragrances. Some of the regional companies manufacturing food additives in the country are Associated British Foods, Cordis SA, CSB-System Latinoamerica, Eurochem SA, Assuan Investment Export Import Ltd, and Danone.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
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Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- BASF SE
- Cargill Incorporated
- DuPont de Nemours Inc.
- Kerry Inc.
- Ingredion Incorporated
- Archer Daniels Midland Company
- Tate & Lyle
- Corbion NV
Methodology
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