As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
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.