Brazil Specialty Food Ingredients Market Size & Outlook
Brazil specialty food ingredients market, 2018-2030 (US$M)
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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 2022 | USD 4,090.7 million |
| Market revenue in 2030 | USD 5,444.2 million |
| Growth rate | 3.6% (CAGR from 2022 to 2030) |
| Largest segment | Sensory |
| Fastest growing segment | Functional |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sensory, Functional |
| Key market players worldwide | Naturex, 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 Companies
| Name | Profile | # Employees | HQ | Website |
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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.
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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)
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