Brazil Specialty Food Ingredients Market Size & Outlook

The specialty food ingredients market in Brazil is expected to reach a projected revenue of US$ 5,444.2 million by 2030. A compound annual growth rate of 3.6% is expected of Brazil specialty food ingredients market from 2023 to 2030.

Revenue, 2022 (US$M)
$4,090.7
Forecast, 2030 (US$M)
$5,444.2
CAGR, 2023 - 2030
3.6%
Report Coverage
Brazil

Brazil specialty food ingredients market highlights

  • The Brazil specialty food ingredients market generated a revenue of USD 4,090.7 million in 2022 and is expected to reach USD 5,444.2 million by 2030.
  • The Brazil market is expected to grow at a CAGR of 3.6% from 2023 to 2030.
  • In terms of segment, sensory was the largest revenue generating by product in 2022.
  • Functional is the most lucrative by product segment registering the fastest growth during the forecast period.


Specialty food ingredients market data book summary

Market revenue in 2022USD 4,090.7 million
Market revenue in 2030USD 5,444.2 million
Growth rate3.6% (CAGR from 2022 to 2030)
Largest segmentSensory
Fastest growing segmentFunctional
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSensory, Functional
Key market players worldwideNaturex, Givaudan SA, Ingredion Inc, Associated British Foods PLC, Kerry Group PLC Class A, Ashland Inc, Archer-Daniels Midland Co, Cargill, DSM, Tate & Lyle PLC, Agropur, WILD Flavors, Diana Group, Chr. Hansen


Other key industry trends

  • In terms of revenue, Brazil accounted for 4.2% of the global specialty food ingredients market in 2022.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Latin America, Brazil specialty food ingredients 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 5,444.2 million by 2030.

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Specialty Food Ingredients Market Scope

Specialty food ingredients market segmentation & scope
Enzymes
Emulsifiers
Flavours
Colorants
Others
Vitamins
Minerals
Antioxidants
Preservatives
Others
Snacks
Bakery
Confectionery
Dairy Products
Breakfast Cereals
Frozen Foods
Meat, Poultry & Seafood
Baby Food
Sauces, Dressings & Condiments
Alcoholic
Non-alcoholic
Others

Specialty Food Ingredients Market Companies

Name Profile # Employees HQ Website

Brazil specialty food 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 specialty food ingredients market will help companies and investors design strategic landscapes.


Sensory was the largest segment with a revenue share of 52.8% in 2022. Horizon Databook has segmented the Brazil specialty food ingredients market based on sensory, functional covering the revenue growth of each sub-segment from 2018 to 2030.


Food & beverage production held the second-largest share of Brazil's manufacturing industry in the recent past. Factors such as availability of low-cost skilled labor, fiscal incentives offered by the Brazilian government, and easy access to raw materials are responsible for luring foreign investments in the food & beverage industry of Brazil.


Brazil is one of the biggest exporters of coffee, juices, sugar, alcohol, fish, cocoa, tea, fruits, and meat, among others. In recent years, the Brazilian food & beverage industry witnessed significant investments for technological developments and equipment modernization. Economic recovery after the recession, coupled with the growth in the country's food & beverage industry, is anticipated to drive the demand for specialty food ingredients in the country over the forecast period.


The emerging trend of increasing investments in the health & energy drinks sector owing to the rising demand for healthy foods & beverages from consumers is expected to have a positive impact on the demand for specialty food ingredients in the country. In addition, rising consumer disposable incomes have resulted in the increasing demand for processed foods, beverages, and bakery & confectionery products in the country, thereby complementing specialty food ingredients market growth.

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Target buyers of Brazil specialty food ingredients market databook

  • Our clientele includes a mix of specialty food ingredients market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil specialty food ingredients market , including forecasts for subscribers. This country databook contains high-level insights into Brazil specialty food ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Brazil specialty food ingredients market size, by by product, 2018-2030 (US$M)

Brazil Specialty Food Ingredients Market Outlook Share, 2022 & 2030 (US$M)

Brazil specialty food ingredients market size, by by product, 2018-2030 (US$M)

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