Market Trends of South America Fruit & Vegetable Ingredients Industry
Growing Popularity of Food Retailing Industry in Brazil
Across Brazil, food retailing is one of the growing sectors that has garnered significant growth which post hit by the recession, food retailers were less affected and seem to be recovering faster than other segments of the economy. The position of food retailers that enables them to offer customers with a different combination of price, convenience, and purchasing costs have led manufacturers to redesign their product offering. On the other hand, imported products with high-performance ingredients present good market potential over the coming as trends such as health and wellness (H&W) and the increasing income middle-class continue to be important growth drivers in the country.
Beverages holds significant growth, followed by dairy & bakery segment
The fruit & vegetable ingredient market is expected to witness a growing penetration in the beverage segment followed by dairy and bakery products. Rising consumption levels across all processed beverage categories have led to plenty of promise for new products, sales, and new beverage players. Although countries such as Brazil have reduced the consumption of milk, there has been a lateral increase in terms of dairy product consumption.
Expanding opportunities in the South American fruit and vegetable ingredient market can be attributed to the increasing demand for enhanced nutritional and organic products due to the growing obesity trends in South America. This is increasing the demand for fruit and vegetable ingredients, whose suppliers are manufacturing these quality products, that can be added to fortified food and beverage products.
