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Pulished Date April, 2021
ID: 1193
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Latin America Food Flavors Market By Type (Chocolate, Vanilla, Fruits & Nuts), By Origin (Natural, Synthetic), By Application (Beverages, Savory & Snacks, Bakery & Confectionery, Dairy & Frozen Products, Others) And By Country (Brazil, Mexico, Argentina, Chile and Rest of Latin America) – Size, Share, Trends, Growth, Forecast (2021-2026)

Pulished: April, 2021
ID: 1193
Pages: 145

Latin America Food Flavors Market Growth and Forecast (2021-2026):

Latin America Food Flavors Market has been estimated at USD 1.24 Million in 2021 and is projected to reach USD 1.55 Million by 2026, at a CAGR of 4.53% during the forecast period from 2021 to 2026.

Market Overview:

Food Flavors are commonly used to improve the taste of food products. Food flavors are made of three components taste, smell, and color. They are an essential part of the food processing industry to maintain and enhance the taste of a product. Food flavors can be made either out of natural products like fruits, vegetables, and animal products or out of a mixture of edible chemicals which are of synthetic origin.

Drivers and Restraints:

The market for food flavors in Latin America is mainly driven due to effective and safe natural flavors that are actively in demand. Also, consumer perception regarding the benefits of natural additives has generated interest among the researchers, about their development and use in processed foods, which is also owing to the growing demand for food flavors. But, the market growth can be hampered due to high cost involved in the preparation of natural flavors and adverse health effects of synthetic flavors.

Latin America Food Flavors Market Segmentation Analysis:

Latin America market for Food Flavors is segmented based on type, source and application. By type, the market is further sub-segmented into Chocolate, Vanilla, Fruits & Nuts. By Origin, the market is further sub-segmented into Natural and Synthetic.  By Application, the market is further sub-segmented into Beverages, Savory & Snacks, Bakery & Confectionery, Dairy & Frozen Products, Others. Beverage flavor products segment is the largest in terms of revenue, closely followed by bakery & confectionery and savory & snacks flavors segments. Growth for dairy and frozen product flavors due to high demand of meat flavor products.

Region Analysis:

Geographically the Latin America Food Flavors Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. Growing interest of small-scale industries in market expansion by developing facilities and technical service centers in various regions provide opportunities for market growth in the untapped regions of Latin America.

Key Players in the Market:

Major Key Players in the Latin America Food Flavors Market are

  • Kerry Group
  • Givaudan
  • Firmenich
  • Sensient Technologies Corporation
  • Symrise AG
  • Frutarom Industries
  • Archer Daniels Midland Company
  • DohlerGroup
  • AGRANA Group
  • SVZ International B.V
  • SunOpta, Inc

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                         

                3.3 New Developments                

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 Chocolate

                                5.1.2 Vanilla       

                                5.1.3 Fruits & Nuts         

                5.2 By Origin                      

                                5.2.1 Natural     

                                5.2.2 synthetic 

                5.3 By Application                           

                                5.3.1 Beverages

                                5.3.2 Savory & Snacks   

                                5.3.3 Bakery & Confectionery    

                                5.3.4 Dairy & Frozen Products   

                                5.3.5 Others      

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 Kerry Group               

                                8.1.1 Overview

                                8.1.2 Product Analysis   

                                8.1.3 Strategic Evaluation and Operations            

                                8.1.4 Financial analysis  

                                8.1.5 Legal issues            

                                8.1.6 Recent Developments       

                                8.1.7 SWOT analysis       

                                8.1.8 Analyst View          

                8.2 Givaudan                    

                8.3 Archer Daniels Midland Company                     

                8.4 DohlerGroup                             

                8.5 AGRANA Group                        

                8.6 SVZ International B.V.                            

                8.7 SunOpta, Inc.                             

                8.8 Sensient Technologies Corporation                  

                8.9 Symrise AG                 

                8.10 Frutarom Industries                             

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. Expert Opinions                                        

                10.1 Market Outlook                     

                10.2 Investment Opportunities                 

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

 

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The Segment-level analysis in terms of By Type, Origin, Application and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

 

 

  1. Latin America Food Flavors Market By Region, From 2021-2026 ( USD Million )
  2. Latin America Food Flavors Market By Type, From 2021-2026 ( USD Million )
  3. Latin America Chocolate Food Flavors Market By Region, From 2021-2026 ( USD Million )
  4. Latin America Vanilla Food Flavors Market By Region, From 2021-2026 ( USD Million )
  5. Latin America Fruits & Nuts Food Flavors Market By Region, From 2021-2026 ( USD Million )
  6. Latin America Food Flavors Market By Origin, From 2021-2026 ( USD Million )
  7. Latin America Natural Food Flavors Market By Region, From 2021-2026 ( USD Million )
  8. Latin America Synthetic Food Flavors Market By Region, From 2021-2026 ( USD Million )
  9. Latin America Food Flavors Market By Application, From 2021-2026 ( USD Million )
  10. Latin America Beverages Food Flavors Market By Region, From 2021-2026 ( USD Million )
  11. Latin America Savory & Snacks Food Flavors Market By Region, From 2021-2026 ( USD Million )
  12. Latin America Bakery & Confectionery Food Flavors Market By Region, From 2021-2026 ( USD Million )
  13. Latin America Dairy & Frozen Products Food Flavors Market By Region, From 2021-2026 ( USD Million )
  14. Latin America Other Food Flavors Market By Region, From 2021-2026 ( USD Million )
  15. Brazil Food Flavors Market By Type, From 2021-2026 ( USD Million )
  16. Brazil Food Flavors Market By Origin, From 2021-2026 ( USD Million )
  17. Brazil Food Flavors Market By Application, From 2021-2026 ( USD Million )
  18. Argentina Food Flavors Market By Type, From 2021-2026 ( USD Million )
  19. Argentina Food Flavors Market By Origin, From 2021-2026 ( USD Million )
  20. Argentina Food Flavors Market By Application, From 2021-2026 ( USD Million )
  21. Mexico Food Flavors Market By Type, From 2021-2026 ( USD Million )
  22. Mexico Food Flavors Market By Origin, From 2021-2026 ( USD Million )
  23. Mexico Food Flavors Market By Application, From 2021-2026 ( USD Million )

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