Brazil Flavors And Fragrances Market Size & Outlook
Brazil flavors and fragrances market, 2018-2030 (US$M)
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Brazil flavors and fragrances market highlights
- The Brazil flavors and fragrances market generated a revenue of USD 1,055.6 million in 2022 and is expected to reach USD 1,849.1 million by 2030.
- The Brazil market is expected to grow at a CAGR of 7.3% from 2023 to 2030.
- In terms of segment, natural flavors & fragrances was the largest revenue generating product in 2022.
- Natural Flavors & Fragrances is the most lucrative product segment registering the fastest growth during the forecast period.
Flavors and fragrances market data book summary
| Market revenue in 2022 | USD 1,055.6 million |
| Market revenue in 2030 | USD 1,849.1 million |
| Growth rate | 7.3% (CAGR from 2022 to 2030) |
| Largest segment | Natural flavors & fragrances |
| Fastest growing segment | Natural Flavors & Fragrances |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural Flavors & Fragrances, Aroma Chemicals |
| Key market players worldwide | Sensient Technologies Corp, MANE, Takasago International Corp, Alpha Aromatics, Ozone Naturals, Elevance Renewable Sciences, DSM Firmenich AG, Symrise AG, Vigon International, Basf SE, Indo World, Akay, Ungerer & Company, Synthite, Flavex Naturextrakte, DoTERRA, Young Living, Biolandes, International Flavors & Fragrances Inc, Givaudan SA |
Other key industry trends
- In terms of revenue, Brazil accounted for 3.6% of the global flavors and fragrances market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil flavors and fragrances market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,849.1 million by 2030.
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Flavors And Fragrances Market Scope
Flavors And Fragrances Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil flavors and fragrances market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to flavors and fragrances market will help companies and investors design strategic landscapes.
Natural flavors & fragrances was the largest segment with a revenue share of 72.7% in 2022. Horizon Databook has segmented the Brazil flavors and fragrances market based on natural flavors & fragrances, aroma chemicals covering the revenue growth of each sub-segment from 2018 to 2030.
In 2022, Brazil emerged as the largest market for flavors & fragrances in Central & South America. Fragrance segment in Brazil is dominated by soap & detergents market. Consumers in the local areas are bit conservative for purchasing new products. However, consumers are willing to spend more on fine fragrances which will drive the aroma chemical market in Brazil over the forecast period.
According to global cosmetics industry, more than 80% users of personal care products especially skin care products in Brazil prefer goods that contain organic and natural ingredients. Additionally, free trade agreement along with new product launches in the country are offering various growth opportunities for the key market players.
Key players are focusing on introducing high-performance products by using chemical-based ingredients and new technologies. Also, Brazil is a significant consumer of beverages. High per capita beverage consumption, which is ascending at a healthy growth rate, is attracting flavors & fragrance companies to focus on food & beverage application in the country.
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Our clientele includes a mix of flavors and fragrances market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Brazil flavors and fragrances market , including forecasts for subscribers. This country databook contains high-level insights into Brazil flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil flavors and fragrances market size, by product, 2018-2030 (US$M)
Brazil Flavors And Fragrances Market Outlook Share, 2022 & 2030 (US$M)
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