Reports
Brazil Flavours Market: By Flavouring Agent: Nature Identical Flavouring Substance, Artificial Flavouring Substance, Natural Flavours; By Form: Liquid, Dry; By Application: Beverages, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Brazil Flavours Market Outlook
The Brazil flavours market is expected to grow in the forecast period of 2023-2028 at a CAGR of 6.50%.
Introduction of New Flavours in the Brazilian Market are Bolstering the Market Growth
The rising market for flavours in Brazil is rapidly growing owing to the introduction of new and novel flavours to meet the growing consumer demand. Unique flavours like honey-mustard potato chips and guava ketchup are gaining popularity among the consumers. Thus, experimentations with flavours are key trends providing impetus to the market. In addition to this, the growing inclination towards world cuisines owing to rising international exposure and social media influence are some of the factors further augmenting the demand for international flavours, such as Asian and Italian.
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Exotic flavours like guacamole, curry, Thai, and teriyaki, among others, are widely finding robust applications in snacks, dips, sauces, and ready-to-eat meals, among others. Moreover, the market growth can further be linked to trends surrounding home-cooked meals as a result of the COVID-19 pandemic. Therefore, the demand for distinctive flavours is pushing the growth of the market.
Flavours: Market Segmentation
Flavours refer to additives that add a distinct taste to foods and beverages and are added to either alter or enhance the taste. Flavours can be natural, nature-identical, or artificial and are most commonly available in liquid and dry form.
On the basis of flavouring agent, the market can be divided into:
- Nature Identical Flavouring Substance
- Artificial Flavouring Substance
- Natural Flavours
The market, based on form, can be classified as:
- Liquid
- Dry
Based on application, the market can be segmented into:
- Beverages
- Bakery and Confectionery Products
- Dairy and Frozen Desserts
- Savouries and Snacks
- Others
Growing Inclination Towards Natural Flavours is Augmenting the Market Growth
The Brazil market for flavours is being driven by a rise in demand for natural flavours owing to rising health consciousness among the consumers. Natural herbs and spices are increasingly finding growth prospects in the food and beverage industry due to the growing inclination towards clean-label products. In addition to this, the growing demand for exotic fruits in the beverage industry in beverages like smoothies and juices is further expanding the flavour market of Brazil.
Apart from this, the demand for vegetable-based products is on the rise in the Brazilian market owing to influencing factors like adoption of healthy diets, awareness regarding clean-label products, and convenience foods. In addition to this, the market is growing on account of a steady demand for natural flavours derived from fruits and vegetables, with long shelf lives.
Key Industry Players in the Brazil Flavours Market
The report presents a detailed analysis of the following key players in the Brazil flavours market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Givaudan SA
- Firmenich SA.
- International Flavors & Fragrances Inc.
- Archer Daniels Midland Company
- Synergy Flavors Inc
- DUAS RODAS
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Flavouring Agent, Form, Application |
| Breakup by Flavouring Agent | Nature Identical Flavouring Substance, Artificial Flavouring Substance, Natural Flavours |
| Breakup by Form | Liquid, Dry |
| Breakup by Application | Beverages, Bakery and Confectionary Products, Dairy and Frozen Desserts, Savouries and Snacks, Others |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Givaudan SA, Firmenich SA., International Flavors & Fragrances Inc., Archer Daniels Midland Company, Synergy Flavors Inc., DUAS RODAS, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Brazil
7 Opportunities and Challenges in the Market
8 Latin America Flavours Market Overview
8.1 Key Industry Highlights
8.2 Latin America Flavours Historical Market (2018-2022)
8.3 Latin America Flavours Market Forecast (2023-2028)
9 Brazil Flavours Market Analysis
9.1 Key Industry Highlights
9.2 Brazil Flavours Historical Market (2018-2022)
9.3 Brazil Flavours Market Forecast (2023-2028)
9.4 Brazil Flavours Market by Flavouring Agent
9.4.1 Nature Identical Flavouring Substance
9.4.1.1 Historical Trend (2018-2022)
9.4.1.2 Forecast Trend (2023-2028)
9.4.2 Artificial Flavouring Substance
9.4.2.1 Historical Trend (2018-2022)
9.4.2.2 Forecast Trend (2023-2028)
9.4.3 Natural Flavours
9.4.3.1 Historical Trend (2018-2022)
9.4.3.2 Forecast Trend (2023-2028)
9.5 Brazil Flavours Market by Form
9.5.1 Liquid
9.5.1.1 Historical Trend (2018-2022)
9.5.1.2 Forecast Trend (2023-2028)
9.5.2 Dry
9.5.2.1 Historical Trend (2018-2022)
9.5.2.2 Forecast Trend (2023-2028)
9.6 Brazil Flavours Market by Application
9.6.1 Beverages
9.6.1.1 Historical Trend (2018-2022)
9.6.1.2 Forecast Trend (2023-2028)
9.6.2 Bakery and Confectionery Products
9.6.2.1 Historical Trend (2018-2022)
9.6.2.2 Forecast Trend (2023-2028)
9.6.3 Dairy and Frozen Desserts
9.6.3.1 Historical Trend (2018-2022)
9.6.3.2 Forecast Trend (2023-2028)
9.6.4 Savouries and Snacks
9.6.4.1 Historical Trend (2018-2022)
9.6.4.2 Forecast Trend (2023-2028)
9.6.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Givaudan SA
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Firmenich SA.
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 International Flavors & Fragrances Inc.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Archer Daniels Midland Company
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Synergy Flavors Inc.
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 DUAS RODAS
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Others
12 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Brazil Flavours Market: Key Industry Highlights, 2018 and 2028
2. Brazil Flavours Historical Market: Breakup by Flavouring Agent (USD Million), 2018-2022
3. Brazil Flavours Market Forecast: Breakup by Flavouring Agent (USD Million), 2023-2028
4. Brazil Flavours Historical Market: Breakup by Form (USD Million), 2018-2022
5. Brazil Flavours Market Forecast: Breakup by Form (USD Million), 2023-2028
6. Brazil Flavours Historical Market: Breakup by Application (USD Million), 2018-2022
7. Brazil Flavours Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Brazil Flavours Market Structure
Key Questions Answered in the Report
The Brazil flavours market is projected to grow at a CAGR of 6.50% between 2023 and 2028.
The market is being driven by the growing consumer inclination towards exotic flavours owing to growing international exposure.
The market growth can be associated with the rising demand for natural flavours owing to trends surrounding the adoption of clean-label products, healthy diets, and inflating disposable incomes.
The major flavouring agents in the industry are nature identical flavouring substance, artificial flavouring substance, and natural flavours.
The various forms of flavours include liquid and dry.
The different applications of flavours are beverages, bakery and confectionary products, dairy and frozen desserts, and savouries and snacks, among others.
The major players in the industry are Givaudan SA, Firmenich SA, International Flavors & Fragrances Inc., Archer Daniels Midland Company, Synergy Flavors Inc., and DUAS RODAS, among others.
Analyst Review
The Brazil flavours market is driven by the rising inclination towards natural flavours. Aided by the introduction of new flavours, the market is expected to witness a growth in the forecast period of 2023-2028, growing at a CAGR of 6.50%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on flavouring agents, the market can be segmented into nature identical flavouring substance, artificial flavouring substance, and natural flavours. On the basis of form, the market is divided into liquid and dry. The market, based on applications, can be categorised into beverages, bakery and confectionery products, dairy and frozen desserts, and savouries and snacks, among others. The key players in the above market include Givaudan SA, Firmenich SA, International Flavors & Fragrances Inc., Archer Daniels Midland Company, Synergy Flavors Inc., and DUAS RODAS, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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