Latin America Functional Ingredients Market Size & Outlook
Latin America functional ingredients market, 2016-2027 (US$M)
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Latin America functional ingredients market highlights
- The Latin America functional ingredients market generated a revenue of USD 8,986.7 million in 2019.
- The market is expected to grow at a CAGR of 7% from 2020 to 2027.
- In terms of segment, pobiotics was the largest revenue generating product in 2019.
- Rice protein is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2020 to 2027.
Latin America data book summary
| Market revenue in 2019 | USD 8,986.7 million |
| Market revenue in 2027 | USD 15,440.7 million |
| Growth rate | 7% (CAGR from 2019 to 2027) |
| Largest segment | Pobiotics |
| Fastest growing segment | Rice protein |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Maltodextrin, Pobiotics, Polydextrose, Modified starch, Pectin, Omega-3 (EPA, DHA,ALA), Omega-6, Conjugated linoleic acid, Rice protein, Protein hydrolysate, Mung bean protein |
| Key market players worldwide | Archer-Daniels Midland Co, Ingredion Inc, Cargill, Tate & Lyle PLC, Golden Agri-Resources Ltd, FMC Corp, Nanobiotix SA ADR, Traeger Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 14.0% of the global functional ingredients market in 2019.
- Globally, North America is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 26,154.3 million by 2027.
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Functional Ingredients Market Scope
Functional Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America functional ingredients 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 functional ingredients market will help companies and investors design strategic landscapes.
Pobiotics was the largest segment with a revenue share of 52.39% in 2019. Horizon Databook has segmented the Latin America functional ingredients market based on maltodextrin, pobiotics, polydextrose, modified starch, pectin, omega-3 (epa, dha,ala), omega-6, conjugated linoleic acid, rice protein, protein hydrolysate, mung bean protein covering the revenue growth of each sub-segment from 2016 to 2027.
Central and South America is one of the fastest-growing regions globally in fortified food and beverage market, consequently boosting the demand for functional ingredients such as probiotics. This is attributed to the growing disposable income of the middle-class population and rising awareness of functional food health benefits. In addition, the demand for omega-3 and omega-6 has been growing in line with the demand for fortified meat, eggs, dairy products, cereals, cereal bars, and infant formulas in the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America functional ingredients market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America functional ingredients market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Latin America functional ingredients market size, by country, 2016-2027 (US$M)
Latin America Functional Ingredients Market Outlook Share, 2019 & 2027 (US$M)
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