Brazil Food Preservatives Market

Brazil Food Preservatives Market Analysis

The Brazil Food Preservatives Market is expected to register a CAGR of 3.45% during the forecast period.

Brazil Food Preservatives Market Trends

Strategic Investment in Brazil Food and Beverage Ingredient Market

• As one of the largest food producers and exporters in the world, Brazil offers interesting opportunities for the ingredient manufacturers in the food processing industry, which increases the investment in food preservatives ingredients in the country.
• Alongside the modernization of factories and production facilities, driven by consumer demand, many other macro-trends are also appearing in Brazil, such as increased convenience, increased 'connectivity' at all levels of the value chain, and a shift toward healthier products and ingredients.
• Moreover, 15.6% of annual per capita spending has been on food and beverage products by the consumers (as per New Frontiers in Food), which is expected to further drive the market.

Inclination toward Natural Preservative Ingredients

• Organic acids, which are both naturally present in foods during fermentation or which are added to foods during processing, can be used increasingly for food preservation in the country's food and beverage products.
• The most commonly used organic acids include citric, succinic, malic, tartaric, benzoic, lactic and propionic acids. For instance, Benzoic acid is the oldest and most widely used preservative. It occurs naturally in cranberries, raspberries, plums, prunes, cinnamon, and cloves.
• The use of chemical preservatives is regulated by maximum permitted levels. These amounts vary between countries. Therefore, considering this fact, more food and beverage manufacturers in the country should resort to adopting organic and specialty food preservative ingredients in their products.

Brazil Food Preservatives Industry Overview

The Brazilian food preservatives market is very competitive, and some of the major companies manufacturing their food preservatives in Brazil and Latin America are Corbion NV, Brenntag AG, and Celanese Corporation.

• March 2019 - Dutch food ingredients company, Corbion NV, acquired Granotec do Brazil for USD 45 million, to expand its Latin American business. Granotec do Brazil is a leading specialist in functional blends for the Brazilian bakery industry.

Brazil Food Preservatives Market Leaders