South America Food Additives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.30 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America Food Additives Market Analysis
The South America food additives market is projected to grow with a CAGR of 5.3% during the forecast period 2020 - 2025.
- The market is primarily driven by the wide range of its application in food and beverage industries for different functioning, such as preservative, flavor enhancer, emulsifier, sweetener, colorant, and many other functions. Also, the rising demand for convenience and packaged foods where additives are used in a higher quantity is further fueling the market growth.
- However stringent environmental regulations like the FDA for additives used directly in processed foods and food-contact substances such as food packaging products are expected to impede the market growth. For instance, regarding the use of preservative and other food additives in Brazil, Article 2 of Decree #2092/1991 states the following: "all foods, condiments, beverages, or their raw material and food additives which are manufactured, fractioned, preserved, transported, sold, or exposed, must comply with CAA requirements. That is, when one of those is imported, CAA requirements will be applied.
South America Food Additives Market Trends
This section covers the major market trends shaping the South America Food Additives Market according to our research experts:
Rising Demand for Natural Food Flavor & Enhancers in the Region
Latin American countries, such as Argentina and Brazil, are taking action in the battle against obesity with several nations enacting policies designed to curb the consumption of artificial flavors, that add up unnecessary calories in the diet. The flavors, such as Martinique Rum Soaked Pineapple, Guatemalan Coffee Pure Arabica, Dulce de Leche Argentinian Recipe, Brazilian Orange Sorbet, and Spices, which have a high preference in South American countries, especially in Brazil, are also exported to European countries, like the United Kingdom. The companies are replacing their artificial ingredient with an extension in the natural ingredient category with an essence of natural flavorings, acceptable ingredients, like fruit and natural sweeteners in the food and beverage category. For instance, in 2014, Givaudan launched a peanuts collection, which was driven by industry demand for new directions in peanut flavors.
Brazil to Hold the Major Share in the Regional Market
Owing to the large population base with a potential consumer market, Brazil remains a lucrative market for food additives in the South American region. Moreover, the country is experiencing significant development in terms of new product launches and innovations. Major companies are strategizing business expansion in order to increase market penetration and are investing to supplement the production facility in the country. Furthermore, observing an increased inclination of the Brazilian population more towards natural ingredients, the major companies in the market are investing capital in sourcing tools and technologies to upgrade their products to a much reliable and likable category. The companies across the market in Brazil are following clean label consumer-driven initiatives and are investing capital in sponsoring awareness programs and seminars targeting the population to build a sense of reliability on their products, which are expected to decide the fate of companies in the food additives market in the forecast period.
South America Food Additives Industry Overview
The South America food additive market is fragmented in nature owing to the presence of a large number of regional and domestic players. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the country's market include Cargill Incorporated, Givaudan, Corbion NV, Firmenich SA, Ajinomoto Co., Inc., and Palsgaard A/S, among others.
South America Food Additives Market Leaders
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Cargill, Incorporated
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Givaudan
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Corbion NV
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Firmenich SA
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Ajinomoto Co., Inc.
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Palsgaard A/S
*Disclaimer: Major Players sorted in no particular order
South America Food Additives Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Preservatives
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5.1.1.1 Natural Antioxidants
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5.1.1.2 Sorbates
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5.1.1.3 Benzoates
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5.1.1.4 Others
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5.1.2 Sweeteners
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5.1.2.1 Bulk Sweeteners
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5.1.2.2 Sucrose
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5.1.2.3 Fructose
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5.1.2.4 Lactose
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5.1.2.5 HFCS
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5.1.2.6 Others
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5.1.3 Sugar Substitutes
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5.1.3.1 Sucralose
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5.1.3.2 Xylitol
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5.1.3.3 Stevia
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5.1.3.4 Aspartame
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5.1.3.5 Saccharine
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5.1.3.6 Others
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5.1.4 Emulsifier
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5.1.4.1 Mono- and Diglycerides & Derivatives
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5.1.4.2 Lecithin
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5.1.4.3 Sorbates Easters
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5.1.4.4 Others
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5.1.5 Anti-Caking Agents
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5.1.5.1 Calcium Compounds
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5.1.5.2 Sodium Compounds
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5.1.5.3 Silicon Dioxide
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5.1.5.4 Others
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5.1.6 Enzymes
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5.1.6.1 Carbohydrase
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5.1.6.2 Protease
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5.1.6.3 Lipase
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5.1.6.4 Others
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5.1.7 Hydrocolloids
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5.1.7.1 Starch
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5.1.7.2 Gelatin Gum
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5.1.7.3 Xanthan Gum
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5.1.7.4 Others
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5.1.8 Food Flavors and Enhancers
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5.1.8.1 Natural Flavors
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5.1.8.2 Synthetic Flavors
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5.1.8.3 Flavor Enhancers
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5.1.9 Food Colorants
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5.1.9.1 Synthetic Food Colorants
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5.1.9.2 Natural Food Colorants
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5.1.9.3 Others
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5.1.10 Acidulants
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5.1.10.1 Citric Acid
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5.1.10.2 Phosphoric Acid
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5.1.10.3 Lactic Acid
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5.1.10.4 Others
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5.2 By Country
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5.2.1 Brazil
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5.2.2 Argentina
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5.2.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Cargill, Incorporated
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6.4.2 Givaudan
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6.4.3 Corbion NV
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6.4.4 Firmenich SA
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6.4.5 Ajinomoto Co., Inc.
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6.4.6 Palsgaard A/S
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6.4.7 Synergy Flavors
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America Food Additives Industry Segmentation
The South America food additives market is segmented by type into preservatives, sweeteners, emulsifiers, anti-caking agents, enzymes, hydrocolloids, food flavors, and enhancers, food color, and food acidulants. Also, the study provides an analysis of the food additives market in the emerging and established markets across the South America region, including Brazil, Argentina, and the Rest of South America.
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South America Food Additives Market Research FAQs
What is the current South America Food Additives Market size?
The South America Food Additives Market is projected to register a CAGR of 5.30% during the forecast period (2024-2029)
Who are the key players in South America Food Additives Market?
Cargill, Incorporated, Givaudan, Corbion NV, Firmenich SA, Ajinomoto Co., Inc. and Palsgaard A/S are the major companies operating in the South America Food Additives Market.
What years does this South America Food Additives Market cover?
The report covers the South America Food Additives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Food Additives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Food Additives Industry Report
Statistics for the 2024 South America Food Additives market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. South America Food Additives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
