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Brazil Flavours Market Report and Forecast 2022-2027

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    Report

  • 104 Pages
  • August 2022
  • Region: Brazil
  • Expert Market Research
  • ID: 5656232
According to the report, the Brazil flavours market is projected to grow at a CAGR of 7.80% in the forecast period of 2022-2027 owing to the rising demand for flavours in beverage products.

Flavours are defined as the sensory components added in edibles or non-edibles, which impact the sense of taste and smell of a person. Flavours can be sweet, sour, bitter, aromatic, or acrid, among others. It can be made up of chemicals or can be extracted through natural sources such as plants and animals. Flavours are t widely utilised in the food and beverage industry owing to the application of flavourings in various cuisines and drinks. The increasing demand for flavours across the food chain in Brazil is driving the Brazil flavours market.

The increasing popularity of carbonated beverages in Brazil is driving the demand for flavours such as vanilla, strawberry, and blueberry, among others. The increasing inclination towards consuming healthy beverages with enhanced taste, owing to the changing lifestyles, is further propelling the demand for artificial or natural flavours.

In addition to this, the increasing demand for flavoured candies and desserts is further leading to a heightened incorporation of flavours in consumables.

Over the forecast period, the anticipated expansion of the food industry in the country owing to the growing popularity of various cuisines, bakery, and confectionery products is likely to accelerate the Brazil flavours market.

The increasing population and rising disposable income in the country are g some of the major growth propelling factors. In order to meet the growing demand for food, flavours are anticipated to witness a heightened demand to decrease the preparation time of a dish.

The market is anticipated to be aided by the rapid transition in the country towards natural flavours, caused by the surge in health awareness. In this regard, the anticipated increase in research and development activities by the key market players in the country to develop innovative natural flavours of popular edibles, such as apple and coffee, among others, are likely to be the Brazil flavours market trends.

The thriving e-commerce industry in the country, owing to the heightened adoption of smartphones, is a major trend in the market. Attractive schemes offered by the online platforms on flavoured beverages and ready-to-eat food items are likely to bolster the sales of products incorporated with natural or artificial flavours.

Moreover, the soaring veganism across Brazil is anticipated to be a major factor propelling the demand for flavours, which mimic the taste of dairy or meat products.

Market Segmentation

The market can be divided on the basis of flavouring agents, forms, and applications.

Market Bifurcation by Flavouring Agent

  • Nature Identical Flavouring Substance
  • Artificial Flavouring Substance
  • Natural Flavours

Market Classification by Form

  • Liquid
  • Dry

Market Segmentation by Application

  • Beverages
  • Bakery and Confectionery Products
  • Dairy and Frozen Desserts
  • Savouries and Snacks
  • Others

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the key players in the Brazil flavours market. Some of the major key players explored in the report are as follows:
  • Givaudan SA
  • Firmenich SA.
  • International Flavors & Fragrances Inc.
  • Archer Daniels Midland Company
  • Synergy Flavors Inc.
  • DUAS RODAS
  • Others
Frequently Asked Questions about the Brazilian Flavours Market

What is the estimated value of the Brazilian Flavours Market?

The Brazilian Flavours Market was estimated to be valued at $934.3 Million in 2022.

What is the growth rate of the Brazilian Flavours Market?

The growth rate of the Brazilian Flavours Market is 7.8%, with an estimated value of $1360 Million by 2027.

What is the forecasted size of the Brazilian Flavours Market?

The Brazilian Flavours Market is estimated to be worth $1360 Million by 2027.

Who are the key companies in the Brazilian Flavours Market?

Key companies in the Brazilian Flavours Market include Givaudan SA, Firmenich SA., International Flavors & Fragrances Inc., Archer Daniels Midland Company and DUAS RODAS.

Table of Contents

1 Preface2 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 Industry Opportunities and Challenges
8 Latin America Flavours Market Overview
8.1 Key Industry Highlights
8.2 Latin America Flavours Historical Market (2017-2021)
8.3 Latin America Flavours Market Forecast (2022-2027)
9 Brazil Flavours Market Analysis
9.1 Key Industry Highlights
9.2 Brazil Flavours Historical Market (2017-2021)
9.3 Brazil Flavours Market Forecast (2022-2027)
9.4 Brazil Flavours Market by Flavouring Agent
9.4.1 Nature Identical Flavouring Substance
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2017-2021)
9.4.1.3 Forecast Trend (2022-2027)
9.4.2 Artificial Flavouring Substance
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2017-2021)
9.4.2.3 Forecast Trend (2022-2027)
9.4.3 Natural Flavours
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2017-2021)
9.4.3.3 Forecast Trend (2022-2027)
9.5 Brazil Flavours Market by Form
9.5.1 Liquid
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2017-2021)
9.5.1.3 Forecast Trend (2022-2027)
9.5.2 Dry
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2017-2021)
9.5.2.3 Forecast Trend (2022-2027)
9.6 Brazil Flavours Market by Application
9.6.1 Beverages
9.6.1.1 Market Share
9.6.1.2 Historical Trend (2017-2021)
9.6.1.3 Forecast Trend (2022-2027)
9.6.2 Bakery and Confectionery Products
9.6.2.1 Market Share
9.6.2.2 Historical Trend (2017-2021)
9.6.2.3 Forecast Trend (2022-2027)
9.6.3 Dairy and Frozen Desserts
9.6.3.1 Market Share
9.6.3.2 Historical Trend (2017-2021)
9.6.3.3 Forecast Trend (2022-2027)
9.6.4 Savouries and Snacks
9.6.4.1 Market Share
9.6.4.2 Historical Trend (2017-2021)
9.6.4.3 Forecast Trend (2022-2027)
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 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Givaudan SA
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Firmenich SA.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 International Flavors & Fragrances Inc.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Archer Daniels Midland Company
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Synergy Flavors Inc.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 DUAS RODAS
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments

Companies Mentioned

  • Givaudan SA
  • Firmenich SA.
  • International Flavors & Fragrances Inc.
  • Archer Daniels Midland Company
  • Synergy Flavors Inc
  • DUAS RODAS

Methodology

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