The Latin America Clean Label Ingredients Market had a market value of USD 4.02 billion in 2022 and is forecasted to exhibit a CAGR of 6.28% and reach USD 5.45 billion by 2028. The Clean Label Ingredients market is predicted to showcase huge potential in the forecasting period. The market has continued to gain momentum with advancements in natural ingredients, which are responsible for various functional benefits.
Clean label ingredients are a class of food additives and ingredients which include products like sweeteners, colors, flavors etc. These ingredients have specific properties which classify them under the clean label, which are primary and secondary. Primary properties include fewer product ingredients without any chemical name or easily understandable, no artificial additives. Secondary factors are natural, organic and non-GMOs.
Rise of awareness among people regarding health issues related to use of artificial food additives and food safety incidents has led to a sudden growth in the market of clean label ingredients. Further, increase in consumer demand for clean label food products has been driving the consumption of clean label ingredients and need for clean label product launches. The company faces few challenges and restraints as well. These include, high cost of ingredient leading to costly products and thus low consumption, limitations of clean label ingredients compared to artificial ones.
The Latin America Clean Label Ingredients market is broadly classified on the basis of type, form and application. The segmentation on the basis of type is done under Natural Colors, Natural Flavors, Fruit & Vegetable Ingredients, Starch & Sweeteners, Flours, Others. Based on segmentation by form, the segments are dry and liquid. On the basis of application, the market is categorized into Bakery, Frozen Products, Dairy, Processed Foods, Beverages, Others.
Geographically the Latin America Clean Label Ingredients Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America.
Key Players in the Market:
Major Key Players in the Latin America Clean Label Ingredients Market are
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