The Brazil food flavor and enhancer market size is projected to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to changing way of life and tendency toward customary food.
Flavor enhancer are used to improve the flavor of the food through flavor. Artificial and synthetic are two kinds of flavor enhancers. ?Flavor enhancers are accessible in powder and liquid. An alternate types of flavor enhancers are accessible in the market, such as nucleotides, autolysis yeast concentrate, and glutamates, which act as a substitute to different flavors. The flavor enhancers can be regular and artificial.
The report on the Brazil food flavor and enhancer market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes | Details |
Report Title | Brazil food flavor and enhancer Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year | 2020 |
Historic Data | 2018–2019 |
Forecast Period | 2021–2028 |
Segmentation | Types (Food Flavors [Natural Flavor, Synthetic Flavors and Natural Identical Flavors] and Enhancers), End-users (Bakery and Confectionery, Dairy, Meat and Meat Products Soups, Pastas, and Noodles, Beverages [Alcoholic and Non-alcoholic], Sauces, Dressings, Condiments, and Others) |
Country Scope | Brazil |
Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report | Sensient Technologies; Givaudan; Firmenich; Corbion; Archer Daniels Midland Company; Kerry Group,; International Fragrance and Flavors, Inc. and BASF. |
Based on types, the market is segregated into food flavors and enhancers. The food flavors segment is further segregated into natural flavors, synthetic flavors, and nature identical flavoring. The natural flavors segment is anticipated to hold a key share of the market in the coming years due to rising demand for the products that are nutritionally improved and organic. Moreover, rising natural flavors industry the requirement for a lot of natural resources to extract flavors is expected to boost the segment market growth.
On the basis of end-uses, the Brazil food flavor and enhancer market is segregated into bakery and confectionery, dairy, meat and meat products soups, pastas, and noodles, beverages. The beverages segment is further bifurcated into alcoholic and non-alcoholic. The beverages segment is projected to expand at a considerable CAGR during the forecast period. Young population are buying premium items owing to health benefits, and they are inclining themselves toward low-calorie beverages products. This, in turn, is stimulating the segment growth. On the other hand, the non-beverages segment is anticipated to account for a major market share during the forecast period due to rising demand for soft drinks and ready-to-drink (RTD) beverages.
Segments Covered in the Report
The Brazil food flavor and enhancer market has been segmented on the basis of
Types
End-users
Country
Key Players
The market is very competitive in nature owing to the presence of many major players. Some of the major players competing in the Brazil food flavor and enhancer market are Sensient Technologies; Givaudan; Firmenich; Corbion; Archer Daniels Midland Company; Kerry Group; International Fragrance and Flavors, Inc.; and BASF.
In July 2021, Sensient Technologies acquired the asset of Flavor Solutions, Inc. With this acquisition, Sensient Technologies can actually grow its flavor enhancer business on the lookout, likewise improving its key advancements, which can assist the organization with to cater to the customers’ requirements.
Segments Covered in the Report
The Brazil food flavor and enhancer market has been segmented on the basis of
Types
End-users
Country
Key Players
The market is very competitive in nature owing to the presence of many major players. Some of the major players competing in the Brazil food flavor and enhancer market are Sensient Technologies; Givaudan; Firmenich; Corbion; Archer Daniels Midland Company; Kerry Group; International Fragrance and Flavors, Inc.; and BASF.
In July 2021, Sensient Technologies acquired the asset of Flavor Solutions, Inc. With this acquisition, Sensient Technologies can actually grow its flavor enhancer business on the lookout, likewise improving its key advancements, which can assist the organization with to cater to the customers’ requirements.
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