Brazil Food Ingredient Market

Introduction of the Brazil Food Ingredient Market Report

Food ingredient is referred to any substance that is added to food to add a desired effect or flavor. It includes food additives added to food products for specific technical or functional purposes during processing, storage, or packaging. The food ingredients offer numerous benefits such as supporting nutrition delivery, maintains product quality and freshness and extends the shelf-life of the food products. The Brazil food ingredient market has various applications in beverages, sauces, dressings, bakery, dairy, confectionery, dried processed food products, frozen processed food products, and others.

To have an edge over the competition by knowing the market dynamics and current trends of “Brazil Food Ingredient Market”, request for Sample Report here

Market Dynamic

Key Drivers and Emerging Trends

The major factor that is contributing to the growth of the food ingredient industry in Brazil includes the rising preference for natural food colorants over the forecast period. The food colors are increasingly used in various processed food products such as snacks, candies, cheese, margarine, soft drinks, pudding, jam/jellies, and pie fillings. Paprika is a natural food color and is made from chili peppers (capsicum). It is witnessing an increase in demand to create various vibrant colors in the food prepared.

The country is experiencing an increase in the number of obesity, diabetes, and heart disease patients. According to IDF, 463 million people have diabetes in the world, with around 32 million people in the SACA region. The prevalence of diabetes in adults in the country is 11.4%, with the total cases of diabetes amounting to 16,780,800. In addition to this, as per the Brazilian Institute of Geography and Statistics, around 1 in every 4 Brazilians was obese in 2019. All these factors have increased health consciousness among the individuals, thus motivating them to shift towards a protein-based diet. This is surging the demand for healthy food ingredients in the country, thus propelling the growth of the food ingredients market size.

A survey conducted by Arla Foods Ingredients stated that around two-thirds of South Americans are willing to pay extra for food and beverage products that have higher level of protein. The survey also illustrated that Brazil is the second most prominent economy, with around 60% of individuals willing to pay more for health-oriented food products. This factor is likely to open new opportunities in the food ingredients market share over the coming years. The emergence of the COVID-19 has positively impacted the growth of the market. The consumers now want to know where their food comes from and actively look for food options with healthy food ingredients. This factor will further boost the growth of the food ingredients market in Brazil over the forecast period.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

As per the food ingredients market report, the leading players in the market are focusing on expanding their presence or product offering in the country to cater to the growing demand of the market. In 2020, Cargill Brazil introduced a new fat that can decrease the saturated fat content in ice creams and dairy drinks by up to 30%. The product offering “Lévia+c” is a mixture of vegetable oils and emulsifiers that have the same physical structure as traditional fat, however, the saturated fat content is 35%, and the maximum transfat content is 2%. Companies are also emphasizing on joint ventures and acquisitions to capture the highest share in the market. In 2020, ADM entered into a joint venture with beef processor Marfrig Foods called PlantPlus Foods to launch plant-based products in the South American and North American markets.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Key Developments:

• • In 2019, Tate & Lyle opened its new and expanded headquarters in Sao Paulo, Brazil. The headquarter includes the new application centre, which is six times larger than Tate & Lyle’s previous centre in Sao Paulo. 

For detailed scope of the “Brazil Food Ingredient Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is Brazil Food Ingredient market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Brazil Food Ingredient market? What will be the impact of drivers and restraints in the future?
  • What are the various areas of Brazil Food Ingredient market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?