The Brazil food ingredient market size was USD 22.14 Billion in 2022 and is likely to reach USD 24.61 Billion by 2031, expanding at a CAGR of 1.18% during 2023–2031.The growth of the market is attributed to the rising population, rapid urbanization, and growing desire for natural food colorants.
Food ingredients are elements that are added to food during manufacturing, packaging, or storage for functional or technical reasons. Maintaining texture, increasing freshness and safety, retaining nutritional content, and enhancing appearance or color are among reasons for adding food additives. Plant extracts, microbes, and chemicals are used to make food ingredients. Ingredients, which are found between raw materials and completed items, are used in the food and beverage business for a variety of purposes, including product development and consumer health.
Food ingredients make a difference. Improve product flavor, texture, and appearance while increasing shelf life and nutritious content. Food ingredients are the basic components of food products and are designed to give certain benefits to the final product. They have a wide range of applications in product development and consumer health enhancement in a number of industries. Ingredients improve a product's flavor, texture, and appearance while also improving its shelf life and nutritional value.
The Covid-19 pandemic affected the demand and supply of Brazil food ingredient market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
Growing desire for natural food colorants is projected to fuel the market during the forecast period.
Rising population and rapid urbanization are key factors propelling the market in the coming years.
Stringent regulations of government are estimated to hamper the market growth.
Lack of awareness act as major challenges that can restrict the market in the coming years.
R&D investment and technological advancement is anticipated to create lucrative opportunities for the market players.
Scope of the Report
The report on the Brazil food ingredient market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Brazil Food Ingredient Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
Type (Functional Food Ingredients, Starch & Sweetener, Flavors & Colorants, Acidulants & Emulsifiers, Preservatives, Enzymes, Edible Oil & Fats, and Others), Application (Bakery Products, Beverages, Meat, Poultry, and Seafood, Dairy Products, Confectionery)
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Olam International; Cargill Inc.; KONINKLIJKE DSM NV; AAK AB; and Kerry
Market Segment Insights
The acidulants & emulsifiers segment is projected to represent a major market share
Based on type, the Brazil food ingredient market is divided into functional food ingredients, starch & sweetener, flavors & colorants, acidulants & emulsifiers, preservatives, enzymes, edible oil & fats, and others. The acidulants & emulsifiers segment is expected to represent a key share of the market during the forecast period. Emulsifiers are used for blending purposes, such as altering oil crystals and avoiding water spattering, as well as to improve the look. Bread, ice cream, minced fish items, and tofu all include emulsifiers.
Chemical substances that give meals a tart, sour, or acidic flavor are known as acidulants. Acidity regulators, on the other hand, are food additives that affect the stability of food or enzymes inside it. Phosphoric acid is found in several drinks, including colas. Food emulsifiers increase the volume and shelf life of foods while also improving their appearance. Emulsifiers are also one of the food additives that are rapidly replacing many other additives in food products in order to reduce overall fat content. Food manufacturers are increasingly using emulsifiers to help reduce bad cholesterol in foods, which is expanding their use in processed foods. A number of food and beverage companies are currently releasing new products with various emulsifier blends to meet client needs.
The bakery products segment is expected to grow at a rapid pace
On the basis of application, the Brazil food ingredient market is segregated into bakery products, beverages, meat, poultry, and seafood, dairy products, and confectionery. The bakery products segment is expected to represent a key share of the market during the forecast period. Bakery additives are food components that help baked products keep freshness, softness, and flavor, extend shelf life, and boost protein content. These products may be found in a variety of forms in the market and are regarded to be the most fundamental food for human nourishment. The flavor and texture of baked foods are determined by the ingredients and compositions used. Demand for goods like as bread and biscuits is rising rapidly, and these products are expected to create attractive growth prospects for the ingredients market throughout the forecast period.
- Functional Food Ingredients
- Starch & Sweetener
- Flavors & Colorants
- Acidulants & Emulsifiers
- Edible Oil & Fats
- Bakery Products
- Dairy Products
- Olam International
- Cargill Inc.
- KONINKLIJKE DSM NV
- AAK AB
Key players competing in the Brazil food ingredient market include Olam International, Cargill Inc., KONINKLIJKE DSM NV, AAK AB, and Kerry.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.