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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Brazil Flavours Market Outlook
The Brazil flavours market is expected to grow in the forecast period of 2024-2032 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.
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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.
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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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Flavouring Agent |
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| Breakup by Form |
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| Breakup by Application |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
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Brazil Flavours Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The Brazil flavours market is projected to grow at a CAGR of 6.50% between 2024 and 2032.
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.
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