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South America Clean Ingredients Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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  • 75 Pages
  • January 2022
  • Mordor Intelligence
  • ID: 5119682

The South America clean ingredients market is projected to witness a CAGR of 6.0% during the forecast period (2020 - 2025).

Key Highlights

  • The South American market is expected to be dominated by a huge ageing population in the near future, leading to a predicted surge in the number of diseases. Access to diagnosis in the region is restricted and access to care is highly variable, particularly in urban versus rural settings, which is making the population shift more toward healthy eating, and which is driving the growth of clean label products in the region.
  • The manufacturers in the region are using this as an opportunity and are making efforts to penetrate the retail channels with the availability of clean label products, with a descriptive and user-friendly labeling, which is becoming the major factor responsible for the growth of the clean label ingredients in the regional market.

Key Market Trends

The All-Encompassing Role of Specialty Food Ingredients in Processed Food Industry

The industry for clean label ingredients in South America essentially thrives on the wider technological and functional benefits that these ingredients confer, in terms of high quality, safety, affordability, nutrition, and deliciousness of the processed food products. ​

The processed food products include various categories, such as ready meals, baked foods, breakfast cereals, confectionery, and non-alcoholic beverages. Clean label food ingredients are a vital part of a wide range of processed foods, thereby contributing to competitiveness in the food & beverage industry.​

Health and wellness, along with the rising preference for better-for-you foods, have brought these ingredients to center stage in the region, as they are increasingly customized to cater to wider functionalities and broader applications in the processed food industry. ​

Increasing Application of Clean Label Ingredients in Argentina

Consumers in Argentina have reduced the consumption of sugar soft drinks and beverages in the recent years. Domestic players are offering stevia-infused beverages. Stevia- and polyol-sweetened beverages have reached the Argentine market, thereby increasing the demand for the clean label ingreidents in the country.

According to a survey supported by the Global Stevia Institute in Argentina, the respondents preferred natural sweeteners, with stevia among the top choices. Households with teenagers expressed a stronger intent for the purchase for foods and beverages with stevia to help reduce dietary sugar intake.​

Argentina is a potential market, greatly due to economic growth and the shift of the preferences of the consumers toward healthy and value-added food. Health-conscious consumers incline toward low-calorie, low-sugar beverages with natural ingredients. ​

Sports nutrition in Argentina is also driving the market for clean label and specialty ingredients, as the demand for health/fortified drinks continues to grow in the forecast period thus, driving the market studied forward in Argentina.​

Competitive Landscape

The South America clean label ingredients market is a competitive market, which consist of many prominent players such as Archer Daniels Midland Company, Givaudan, and Kerry Inc. The companies performing in the market are entering into strategic partnerships/agreements with the farmers and local players in the market, in order to procure organic ingredients directly from farms, which further helps the manufacturers to efficiently produce the clean-label products. Also, with the growing number of health-conscious consumers in the region, players are developing natural, kosher and halal offerings to grab the attention of these customers.​

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

This product will be delivered within 2 business days.

Table of Contents

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5.1 By Ingredient Type
5.1.1 Colorants
5.1.2 Flavors and Flavor Enchancers
5.1.3 Food Sweeteners
5.1.4 Preservatives
5.1.5 Other Ingredient Types
5.2 By Application
5.2.1 Beverage
5.2.2 Bakery and Confectionary
5.2.3 Sauce and Condiment
5.2.4 Dairy and Frozen Dessert
5.2.5 Other Applications
5.3 By Country
5.3.1 Brazil
5.3.2 Argentina
5.3.3 Colombia
5.3.4 Rest of South America
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Positioning of the Players
6.4 Company Profiles
6.4.1 Chr. Hansen Holding A/S
6.4.2 Sensient Technologies Corporation
6.4.3 Dohler Group
6.4.4 DDW, Inc.
6.4.5 Kerry Inc.
6.4.6 Givaudan
6.4.7 Firmenich SA
6.4.8 Archer Daniels Midland Company
6.4.9 Corbion NV
6.4.10 Ingredion Incorporated

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Chr. Hansen Holding A/S
  • Sensient Technologies Corporation
  • Dohler Group
  • DDW, Inc.
  • Kerry Inc.
  • Givaudan
  • Firmenich SA
  • Archer Daniels Midland Company
  • Corbion NV
  • Ingredion Incorporated