With the global flavours and fragrances market expected to witness a faster growth in emerging economies as compared to mature markets like North America and Western Europe during the forecast period, the Latin America flavours and fragrances market is expected to witness a healthy growth in the coming years. The regional market is dominated by markets like Brazil and Argentina. Brazil, which is the largest economy in the region, accounts for 40% of the regional flavours and fragrances market. The LATAM flavours and fragrances market is being aided by the expansion of global players into the region’s major markets. Frutarom Industries Ltd., which was acquired by International Flavors & Fragrances Inc. (NYSE:IFF) in April 2018, bought 51% of the shares of the Brazil-based savoury solutions producer, Bremil Indústria Ltda. in May 2018.
Firmenich, another leading player in the LATAM flavours and fragrances market, launched a sustainable and eco-friendly line of fragrances early this year in response to its global consumer demand for sustainably sourced products. In response to Brazilian millennial consumers demanding biodegradable home care product, Firmenich launched its ‘Spa & Citrus’ fragrance, which is 100% biodegradable. Brazil, with a robustly growing personal care and beauty and food and beverage segments, presents an opportunity for growth for the major players in the flavours and fragrances market. In 2017, Firmenich inaugurated an encapsulated flavours manufacturing unit in Sao Paulo, Brazil. The encapsulated flavours target citrus and tropical flavours which are popular in the LATAM region, like mango and passionfruit.
Market Analysis by Types, Forms, Flavouring Agents, Applications, and Regions:
Key Findings of the Report:
Key Offerings of the Report:
Givaudan SA, Firmenich SA, Geroma do Brasil, Frutarom Industries Ltd., Giannone & Cia. Ltda., MANE Colombia, Sabores y Fragancias S.A., and Mane SA are the key players in the LATAM flavours and fragrances market as identified by the report by EMR. The comprehensive report gives a detailed insight into the latest market share, capacity, investments, mergers and acquisitions, capacity expansions, and plant turnarounds of these key players.
EMR is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
"LATAM (Latin America) Flavours and Fragrances Market: By Segment: Flavours, Fragrances; By Type: Synthetic, Natural; By Region: Brazil, Argentina, Mexico, Others; By Flavouring Agent: Nature Identical Flavouring Substance, Artificial Flavouring Substance, Natural Flavour; By Forms: Liquid, Dry; By Applications: Beverage, Bakery and Confectionery Products, Dairy and Frozen Desserts, Savouries & snacks, Others, Historical Production and Consumption (2014-2018); Production and Consumption Forecast (2019-2024); SWOT Analysis; Competitive Landscape"
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
Global Probiotics Ingredients Market Report and Forecast 2019-2024
The North America Flavours and Fragrances Market is aiding the global market growth, which attained a value of USD 27.5 billion in 2018. The North America industry is expected to grow at a steady pa...
The Middle East and Africa Flavours and Fragrances Market is aided by the growth of the global market, which reached USD 27.5 billion in 2018. The industry in the Middle East and Africa is expected t...
The Europe Flavours and Fragrances market is being driven by the healthy growth of the industry and the rising innovation in the industry. In 2018, the global market attained a value of USD 27.5 billi...