Brazil Food Ingredient Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 1.18 % |
| Market Concentration | Low |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
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Brazil Food Ingredient Market Analysis
The Brazil Food Ingredient Market size is expected to grow from USD 22.40 billion in 2023 to USD 23.75 billion by 2028, at a CAGR of 1.18% during the forecast period (2023-2028).
- The demand for synthetic food ingredients in Brazil and other South American countries is declining as more consumers are turning to plant-based and natural food ingredients. This shift in consumer preferences towards healthier and more natural food choices is driven by various factors, including the increasing awareness of the health benefits of such foods and the desire to maintain a more active and healthy lifestyle.
- In response to this trend, food manufacturers are increasingly labeling their products to provide consumers with more information about the ingredients, nutritional value, and potential allergens in their products. This increased transparency allows consumers to make more informed decisions about what they eat and helps them to avoid foods that may contain harmful ingredients or additives.
- The shift in consumer preferences towards healthier and more natural foods is not unique to Brazil and South America but is a global trend observed in many other parts of the world. As a result, food manufacturers are adapting their product offerings to cater to this changing consumer demand by developing more plant-based and natural food ingredients and reducing the use of synthetic additives and preservatives.
- Demand for low or no-calorie ingredients like sweeteners and enzymes is increasing as consumers become more health-conscious and seek healthier food options. These ingredients are used to improve the taste and quality of food products without adding excess calories or compromising on flavor. The increasing prevalence of chronic diseases like obesity, diabetes, and cardiovascular diseases has further fueled the demand for low or no-calorie ingredients as consumers look for ways to manage their calorie intake and maintain a healthier lifestyle. As a result, artificial and natural sweeteners have become popular alternatives to traditional sugar.
- In recent years, natural sweeteners like stevia and monk fruit have gained popularity among consumers and the beverage industry in South America. These natural sweeteners are perceived as healthier alternatives to artificial sweeteners and sugar, and their demand is expected to continue growing in the region.
- To meet this growing demand, market players in South America are launching new natural ingredients in the market. This is expected to drive innovation and competition in the industry and provide consumers with more options when it comes to choosing healthier and more natural food products.
- For instance, in July 2022, Sweegen Inc launched Bestevia LQ, a collection of liquid stevia-based sweeteners. These sweeteners can be used in carbonated drinks, confectionary products, and many more. Over the medium term, demand for natural food ingredients is expected to increase owing to their health benefits, changing food preferences, and increasing prevalence of diseases.
Brazil Food Ingredient Market Trends
Growing Demand for Natural Food Colorants
- With an increasing preference for clean-label products, the demand for natural colors is expected to increase in the country. 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.
- Due to changing lifestyles and eating habits, consumer demand for preservative-free, chemical-free, and natural products is increasing. Due to this, demand for natural food colorants is increasing in the country. Consumer demand for free-from food is also increasing due to its nutritional profile and health benefits.
- Market players have been innovating and launching new natural colorants from various natural sources to meet the growing demand for natural ingredients in food products. The use of natural colorants has become increasingly popular as consumers look for healthier and more natural alternatives to artificial colorants. Over the medium term, the market for food colorants is expected to continue growing due to the increasing demand for attractive food products and natural ingredients.
Understand The Key Trends Shaping This Market
Health and Wellness Trend to Uplift Ingredients Value Sales
- In Brazil, rising rates of obesity, diabetes, and heart disease are prompting customers to seek out more natural, healthful, and organic products. According to International Diabetes Federation (IDF) data, in 2021, 1 in 10 adults in Brazil were diabetic.
- Moreover, the country's shifting demographics, which are aging rapidly with falling birth rates and increasing life expectancy, are 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.
- The demand for plant-based, clean-labeled, and natural ingredients in Brazil is increasing due to their perceived health benefits. Consumers are becoming more health-conscious and seeking food products free from artificial ingredients, additives, and preservatives.
- This trend is also being driven by food manufacturers and governing bodies promoting healthier food options and ingredients. Food manufacturers are developing and launching new products that cater to the growing demand for plant-based and natural ingredients while governing bodies are implementing regulations to ensure that food products are labeled accurately and contain safe and healthy ingredients.
Brazil Food Ingredient Industry Overview
The market studied is fragmented and includes regional and global competitors. Players like Cargill Inc., Koninklijke DSM NV, Olam International, Kerry Group, and Tate & Lyle PLC dominate the market. There are various small and medium local players holding a significant share of the market. The leading players have a strong market position and brand recognition, allowing them to maintain a competitive advantage. These companies are actively pursuing mergers and acquisitions further to strengthen their presence and portfolio in the market. By acquiring other companies or merging with competitors, they can expand their product portfolio, access new markets, and gain a competitive advantage in the industry.
Brazil Food Ingredient Market Leaders
Kerry Group
Cargill Inc.
Olam International
Tate & Lyle Plc
Koninklijke DSM NV
*Disclaimer: Major Players sorted in no particular order
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Brazil Food Ingredient Market News
- November 2022: Tate & Lyle Plc launched a new sweetener, Erytesse erythritol. The product has 70% sweetness and can be used in beverages, dairy, bakery, and confectionary industries. Erythritol fits well into Tate's existing portfolio and can be used alone or in combination with natural sweeteners, like stevia and monk fruit, and high-potency sweeteners, like sucralose.
- November 2021: Archer Daniels Midland (ADM) Company acquired with Deerland Probiotics & Enzymes. The purpose of this acquisition was the expansion of its broad portfolio of health and wellness products and solutions. Deerland Probiotics & Enzymes is a leader in probiotic, prebiotic, and enzyme technology, with global sales and manufacturing in the United States and Europe, and a perfect fit for growing ADM's portfolio of functional ingredients and solutions for health-conscious consumers.
- May 2021: Ingredion partnered with Amyris Inc., signing a deal of approximately USD 100 million. This deal gives Ingredion Inc. an exclusive license to sell and market Amyris's zero-calorie, nature-based, fermented Reb M sweetener. The agreement also includes an Ingredion minority ownership stake in the Amyris Brazilian manufacturing facility.
Brazil Food Ingredient Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 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 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Starch and Sweeteners
5.1.2 Flavors and Colorants
5.1.3 Acidulants and Emulsifiers
5.1.4 Preservatives
5.1.5 Enzymes
5.1.6 Edible Oils and Fats
5.1.7 Other Types
5.2 Application
5.2.1 Bakery Products
5.2.2 Beverages
5.2.3 Meat. Poultry, and Seafood
5.2.4 Dairy Products
5.2.5 Confectionery
5.2.6 Sweet and Savory Snacks
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Olam International
6.3.2 Cargill Incorporated
6.3.3 Koninklijke DSM NV
6.3.4 Sensient Technologies
6.3.5 Ingredion Incorporated
6.3.6 Archer Daniels Midland Company
6.3.7 Kerry Inc.
6.3.8 Tate & Lyle PLC
6.3.9 Associated British Foods PLC
6.3.10 Givaudan SA
6.3.11 Bunge Limited
6.3.12 International Flavors & Fragrances Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Brazil Food Ingredient Industry Segmentation
Food ingredients are added to a variety of food products to perform various functions, such as improving the overall safety and effectiveness, maintaining the nutritional value of food products, and improving the taste, texture, and appearance of the final food product.
Brazil's food ingredients market is segmented by type and application. Based on type, the market is segmented into starch and sweetener, flavors and colorants, acidulants and emulsifiers, preservatives, enzymes, edible oil and fats, and other types. Based on application, the market is segmented into bakery products, beverages, meat, poultry, seafood, dairy products, confectionery, and other applications.
The market sizing has been done in value terms in USD for all the abovementioned segments.
| Type | |
| Starch and Sweeteners | |
| Flavors and Colorants | |
| Acidulants and Emulsifiers | |
| Preservatives | |
| Enzymes | |
| Edible Oils and Fats | |
| Other Types |
| Application | |
| Bakery Products | |
| Beverages | |
| Meat. Poultry, and Seafood | |
| Dairy Products | |
| Confectionery | |
| Sweet and Savory Snacks |
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Brazil Food Ingredient Market Research FAQs
What is the current Brazil Food Ingredient Market size?
The Brazil Food Ingredient Market is projected to register a CAGR of 1.18% during the forecast period (2024-2029)
Who are the key players in Brazil Food Ingredient Market?
Kerry Group, Cargill Inc., Olam International, Tate & Lyle Plc and Koninklijke DSM NV are the major companies operating in the Brazil Food Ingredient Market.
What years does this Brazil Food Ingredient Market cover?
The report covers the Brazil Food Ingredient Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Brazil Food Ingredient Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Brazil Food Ingredients Industry Report
Statistics for the 2024 Brazil Food Ingredients market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Brazil Food Ingredients analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Brazil Food Ingredients Market Report Snapshots
