Brazil Food Hydrocolloids Market is anticipated to grow at a CAGR of 6.5% during the forecasted period (2020-2025).
Key Highlights
- The demand for natural food products is increasing among health-conscious consumers. This has resulted in the tremendous growth of the hydrocolloids market. Hydrocolloids function as binding agents, stabilizers, emulsifiers, thickeners, and gelling agents.
- The market is largely driven by increased Research & Development and innovations in hydrocolloids. Consumer preference for natural ingredients and the varied applications of hydrocolloids in the food and beverage industry are some of the reasons for the uptick in demand.
Key Market Trends
Growing Demand For Processed Foods in The Country
Commercially, the most attractive markets for ultra-processed food and drink products are no longer the fully industrialized high-income countries, they are the middle-and low-income countries, including Brazil. Brazil has shown rapid demand for processed foods in the past few years. Ultra-processed foods are the market segment that found a faster growth in the country. The nutritional profile of the fraction of ultra-processed food consumption showed higher energy density, higher overall fat content, higher saturated and trans fat, higher levels of free sugar and less fiber, protein, sodium, and potassium, when compared to the fraction of consumption related to natural or minimally processed foods have propelled the demand. Thus the growing demand for processed food in the region is expected to boost the sales of the market.
Meat and Seafood Holds A Prominent Share
The increased consumption of meat in the country is due to increasing consciousness among the people about their protein intake in their daily diet. Moreover, owing to the growing health awareness among consumers in the country, manufacturers are focusing on offering processed meat products with healthy ingredients. The demand for antibiotic, preservative and gluten-free processed meat products is gaining popularity across the country. Furthermore, the rising middle-class population and the increasing number of working women will also boost the demand for processed meat as these items have improved shelf life and reduce the preparation, cooking, and clean up times. The strong demand for processed meat will lead to growth in the market studied.
Competitive Landscape
Brazil Food Hydrocolloids Market is a competitive market with the presence of various players in the market. The leading players of the market are Cargill, CP Kelco U.S., Inc. and Kerry Group. Strategies of leading players focus on developing innovative solutions that address the taste, texture, and nutritional profile of processed foods, in turn, extending the shelf-life of the final consumer product.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
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