Latin America Natural Food Colours And Flavours Market

Latin America Natural Food Colours and Flavours Market Size, Share, Growth (2022-2027)

Latin America Natural Food Colours and Flavours Market was worth USD 1.82 billion in 2022 and is estimated to be growing at a CAGR of 7.4%, to reach USD 4.17 billion by 2027

Latin America Natural Food Colours and Flavours Market Overview

Food Colours and Flavours are the food additives that impart certain Colour and Flavour respectively. People associate certain Colours with certain Flavours and the Colour of food can influence the perceived Flavour sometimes Colours are added to make the food more appealing. Flavourings are added to create Flavour for food products that do not have desired Flavours like beverages and candies. Natural Flavours and Colours do not cause any side effects or adverse effects like artificial Flavours and Colours. Natural Food Colours and Flavours are additive substances that are added to food and beverage to make them more appealing and tasty. Primary factors accounted for driving the market are the increasing popularity for natural and clean labelled food and beverage products, growing awareness regarding health concerns caused by using artificial Flavorings and Colours, and additional health benefits offered by some of the natural Colouring and Flavoring agents. However, expensive raw material costs and stringent regulatory framework are the factors hindering the growth of the market.

Latin America Natural Food Colours and Flavours Market Segmentation

based on

• Food Colour Type

• Food Flavour Type

• Application

Based on Food Colour Type 

• Caramel

• Carotenoids

• Anthocyanins

Based on Food Flavour Type

• Natural Extracts

• Aroma Chemicals

• Essential oils

Based on Application

• Beverages,

• Dairy and Frozen Products

• Fruits and Vegetables

• Processed Food

• Meat Products

• Bakery 

• Confectionary

• Oil and Fat

Latin America Natural Food Colours and Flavours Market Regional Analysis

• Brazil

• Argentina

• Mexico

Brazil is leading the market regionally, due to the presence of market leaders and increasing popularity regarding the health benefits of Natural Food Colours and Flavours among individuals. Argentina is expected to grow the fastest owing to its increasing disposable income, growing government initiatives to manufacture Natural Food Colours and Flavours and growing adoption rate. Based on applications beverage segment holds the major share in the market due to increasing applications in this segment, increased consumption of beverages containing natural products while processed food segment is expected to grow at a higher CAGR due to increasing demand for processed food and increasing awareness regarding ill-effects caused by artificial additives.

Latin America Natural Food Colours and Flavours Market Keyplayers

1. Sensient Technologies Corporation

2. Chr. Hansen Holding A/S

3. Symrise AG

4. International Flavours & Fragrances Inc.

5. Kerry Group Plc.

6. Givaudan SA

7. Royal DSM N.V.

8. Archer Daniels Midland Company

9. Roha Dye Chem Pvt. Ltd

10. FMC Corporation