The Brazil Food Ingredient Market is projected to reach USD 23,150.3 million in 2026, growing at a CAGR of 1.18% during the forecast period (2021 - 2026).
- The COVID-19 pandemic transformed the way consumer eat, and increased the consumers’ desire to know where their food comes from, while food affordability was a greater concern before purchase. The speculations about the demand for food ingredients affected companies like Kerry that laid off about 8 % of its workforce in Brazil due to the coronavirus outbreak. Although the country did not record major food shortages and food supply disruption, the increase in food prices caused certain segments of the population to face food insecurity. - The demand for synthetic food ingredients from Brazil and other South American countries is declining significantly, as consumers are adopting plant-based food ingredients. Brazilian consumers, especially the millennials, are adopting a healthier and active lifestyle, and thus, there is a significant shift in food preferences, from junk food to more natural and healthier food choices. Consumers are following the labels to get information regarding calories, total fat, cholesterol, sugar, proteins, preservatives, carbohydrate, gluten, and sodium. - As per the report published by USDA, the Brazilian Health Regulatory Agency (ANVISA) is revising the current nutritional labeling legislation. The objective is to make nutritional data on labels more visible and readable. Therefore, although consumers continue to be price-sensitive and more careful with food purchases, premium products and ingredients with competitive prices, more differentiation, and perceived added value still have a competitive advantage.
Key Market Trends Growing Demand for Natural Food Colorants
With increasing preference for clean label products, the demand for natural colors is expected to increase exponentially during the forecast period. Although natural colors are safer, they have a few fictional issues, like consistency. This production of such colors involve high production costs and lack of raw material availability. Natural colorants have varied applications in functional foods. Food colors find application in many processed foods including candies, snack foods, margarine, cheese, soft drinks, jams/jellies, gelatins, pudding, and pie fillings. The main constraint of the industry is the high cost of production, chemical instability due to fluctuating temperature/pH conditions and increased regulations. Paprika is a natural food color that is ground, and is made from the chili peppers (capsicum). It is used as a garnish in many recipes to create vibrant colors. WILD Flavors and Specialty Ingredients offers a line of natural food and beverage colors, Colors from Nature . These colors provide a natural, heat and light-stable product with appealing color hues.
Health and Wellness Trend to Uplift Ingredients Value Sales
nHealth is a key driver in Brazil, with increasing rates of obesity, diabetes, and heart disease leading consumers toward more natural, healthy, and organic products. The Brazilian Institute of Geography and Statistics, about 1 in every 4 Brazilian was obese in 2019. Moreover, the shifting demographics of thecountry, which is aging rapidly with falling birth rates and increasing life expectancy, is pushing consumers to be more proactive toward their health. With the rise in health consciousness, consumers are pivoting their interest from carbs to protein-based diets. A recent survey commissioned by Arla Foods Ingredients found that nearly two-thirds of South Americans would be willing to pay extra for food or beverage products that are higher in protein, presenting a clear market opportunity for ingredients suppliers. The survey projected Brazil as the second most prominent country in the region, with about 60% consumers stating to have willingness to spend more for health-oriented food products. Hence, the shift propelled by consumers, food manufacturers, and governing bodies toward a healthier ingredients is anticipated to boost the value sales of the market, considering the higher relative cost of value-added ingredients than conventional.
Competitive Landscape The market studied is fragmented, and includes regional and global competitors. The market is dominated by players, like Cargill Inc., Koninklijke DSM NV, AAK AB, and DuPont. There are various small and medium local players holding a significant share in the market. The leading players in the market studied enjoy a dominant presence across the country. These players focus on leveraging opportunities posed by food industries to expand their product portfolio, in order to cater to the requirements for various product segments under the food industry. Cargill, one of the global ingredient suppliers, joined hands with major domestic players for sugar production, thus increasing the market share in Brazil. Many companies from Europe and the United States have strong ties with local distributors, and traders, which help them sell products to local sellers.
Reasons to Purchase this report: - The market estimate (ME) sheet in Excel format - 3 months of analyst support
Our reports have been used by over 10K customers, including:
The food enzymes market is estimated to be valued at USD 2.2 billion in 2021 and is projected to reach USD 3.1 billion by 2026, recording a CAGR of 6.4%, in terms of value. The increase in urbanization and high disposable income have led to the growth of consumption of diverse range of foods, driving the food enzymes market. It is also witnessed...
The functional food ingredients market is estimated at USD 98.9 billion in 2021 and is projected to grow at a CAGR of 6.8% to reach USD 137.1 billion by 2026. The growth in the functional food ingredients market is attributed to the growing health awareness among consumers, leading to an increase in the adoption of healthier diets. Food safety...
The most widely used baking ingredients in the market are baking powder & mixes, starch, oils, fats & shortenings, enzymes, and emulsifiers. The global baking ingredients market is estimated to be USD 16.6 billion in 2021 and is projected to reach USD 22.3 billion by 2026, at a CAGR of 6.0% from 2021 to 2026. Factors such as the rising...
The frozen bakery products market is estimated at USD 22.3 billion in 2021 and is projected to grow at a CAGR of 5.8% to reach USD 29.5 billion by 2026. Frozen bakery products have witnessed increased popularity due to their ease of preparation and time- & cost-efficiency. The demand for frozen bakery products is projected to remain high due...
213 pages •
By Asia Market Information & Development Company
• Mar 2021
China’s demand for Food and Beverage Additives has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer...
240 pages •
By Asia Market Information & Development Company
• May 2021
China’s demand for Laundry Care Products has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer...
The growing urban population and changing consumer perception have boosted the demand for refrigerated storage and transport. The market for refrigerated/frozen products is rapidly growing in Southeast Asia. According to Economic Research Institute For ASEAN and East Asia (ERIA), Thailand has a total capacity of 940,000 tonnes for both public...
The pea starch market was valued at USD 134 million in 2020, estimated to be USD 143 million in 2021 and is projected to grow at a CAGR 7.2%, to reach USD 203 million by 2026. Increase in the demand for pea starch from different end-user application industries that includes food & beverages, pet food, feed and industrial is driving the demand...
According to MarketsandMarkets, the global functional proteins market size is estimated to be valued at USD 4.6 billion in 2020 and projected to reach USD 6.1 billion by 2025, recording a CAGR of 5.6% during the forecast period. The growing prevalence of chronic diseases and rising awareness regarding health-beneficiary on-the-go supplements...
The global market for food colors is estimated at USD 4.3 billion in 2021; it is projected to grow at a CAGR of 4.7% to reach USD 5.4 billion by 2026. Addition of different food colors enhances the overall appearance of the food product and the consumer appeal.The manufacturers are investing into development of...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.