Latin America Food Additives Market has been estimated at USD 4.53 Billion in 2021 and is projected to reach USD 6.21 Billion by 2026, at a CAGR of 6.50% during the forecast period from 2021 to 2026.
Food additives are basically used for imparting specific desired properties to food products, enhancing food palatability in terms of food appearance & appeal. It helps to improve protection against harmful bacteria and other kinds of microbes to prolong shelf life.
The market for Food Additives in Latin America is mainly driven due to increasing disposable incomes of the burgeoning middle class which is driving the shift towards convenience and processed foods, thus escalating the need for food, thereby need for food additives. But, the market growth can be constrained due to health hazards associated with the consumption of synthetic additives, and growing consumer demand for ‘no additive’ food products.
Latin America market for Food Additives is segmented based on type, source and application. By type, the market is further sub-segmented into Acidulants, Anti-caking agents, Colors, Emulsifiers, Enzymes, Flavors, Hydrocolloids, Preservatives, Sweeteners. By Source, the market is further sub-segmented into Natural and Synthetic. By Application, the market is further sub-segmented into Bakery & confectionery, Beverages, Convenience foods, Dairy & frozen desserts, Spices & condiments, sauces & dressings. The flavors segment accounts for the largest market share followed by the sweeteners segment in the market by type. The demand for food additives in beverages accounted for the largest share, while the sauces, dressings, spices, condiments segment is projected to be the fastest-growing segments.
Geographically the Latin America Food Additives Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. The Food Additives market in the Latin America region is projected to grow with high CAGR, due to growing importance of functional ingredients for incorporating properties such as emulsification, flavor, and extension of shelf life. Government initiatives to promote production output in emerging economies are also creating wide range of opportunities in this region.
Key Players in the Market:
Major Key Players in the Latin America Food Additives Market are
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Type
5.1.1 Acidulants
5.1.2 Anti-caking agents
5.1.3 Colors
5.1.4 Emulsifiers
5.1.5 Enzymes
5.1.6 Flavors
5.1.7 Hydrocolloids
5.1.8 Preservatives
5.1.9 Sweeteners
5.2 By Source
5.2.1 Natural
5.2.2 Synthetic
5.3 By Application
5.3.1 Bakery & confectionery
5.3.2 Beverages
5.3.3 Convenience foods
5.3.4 Dairy & frozen desserts
5.3.5 Other Applications
6. Geographical Analysis
6.1 Introduction
6.2 Brazil
6.3 Mexico
6.4 Rest of Latin America
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 E.I. DuPont
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Archer Daniels Midland Company
8.3 Cargill, Incorporated
8.4 CHR. Hansen Holding A/S
8.5 Kerry Group Plc
8.6 BASF SE
8.7 Evonik Industries AG
8.8 Tate & Lyle PLC
8.9 Chr. Hansen Holding A/S
8.10 Novozymes A/S
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook & Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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Apr 2021
