South & Central America Fermented Flavor and Fragrance Ingredients Market Forecast to 2030

South & Central America Fermented Flavor and Fragrance Ingredients Market Forecast to 2030

South & Central America Fermented Flavor and Fragrance Ingredients Market Forecast to 2030 – Regional Analysis – by Type (Fruity, Floral, Woody, Blends, and Others) and Application (Food and Beverages, Personal Care Products, Cosmetics, and Others)

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Description

The South & Central America fermented flavor and fragrance ingredients market was valued at US$ 111.72 million in 2022 and is expected to reach US$ 220.31 million by 2030; it is estimated to register a CAGR of 8.9% from 2022 to 2030.

Technological Advancements Fuel South & Central America Fermented Flavor and Fragrance Ingredients Market

Traditional and biomass fermentation are traditional methods used for fermentation for ages. However, precision fermentation is considered an advanced type of fermentation used to produce flavors and fragrances. The process of precision fermentation includes a microbial host that is used to obtain a target ingredient, i.e., flavors and fragrances. This is done by genetic modifications affecting the host’s DNA by introducing foreign DNA. Bacteria, algae, yeast, and mold are used as a host in precision fermentation. This advanced fermentation technology requires intensive R&D, from the genetic altering and optimization of the host to feedstock selection and preparation and downstream process design, which will result in high standards of the final ingredient. This fermentation technique is more sustainable. Thus, with a growing world population to feed, severe climate changes, and the reduction of fertile lands to grow food, the demand for more efficient, sustainable, and arable land-free technologies that produce food ingredients is required. Thus, the increasing need for technologies with a lower environmental footprint is expected to boost the fermented flavor and fragrance ingredients market growth during the forecast period.

The key market players use precision fermentation technology to launch natural flavors and fragrances. For instance, Insempra recently launched a violet and raspberry fragrance developed through precision fermentation. Thus, the advancement in fermentation technology such as precision fermentation, is expected to create lucrative opportunities for the fermented flavor and fragrance ingredients market during the forecast period.

South & Central America Fermented Flavor and Fragrance Ingredients Market Overview

The fermented flavor and fragrance ingredients market in South & Central America has been experiencing an increased emphasis on health and wellness. The growing interest in clean-label products across the region contributed to the regional market growth as regulatory bodies consider fermented flavors and fragrances as natural ingredients. Moreover, taking a significant step toward environmental consciousness, consumers have become more aware of their environmental impact. They are choosing brands visibly working to reduce their carbon footprint and promote sustainable practices. Furthermore, the growing innovations in biotechnology in countries such as Argentina help the market expand in the region.

South & Central America Fermented Flavor and Fragrance Ingredients Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Fermented Flavor and Fragrance Ingredients Market Segmentation

The South & Central America fermented flavor and fragrance ingredients market is categorized into type, application, and country.

Based on type, the South & Central America fermented flavor and fragrance ingredients market is divided into fruity, floral, woody, blends, and others. The fruity segment held the largest South & Central America fermented flavor and fragrance ingredients market share in 2022.

In terms of application, the South & Central America fermented flavor and fragrance ingredients market is categorized into food and beverages, personal care products, cosmetics, and others. The others segment held the largest South & Central America fermented flavor and fragrance ingredients market share in 2022.

By country, the South & Central America fermented flavor and fragrance ingredients market is segmented into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America fermented flavor and fragrance ingredients market share in 2022.

Amyris Inc, BASF SE, Dohler GmbH, Firmenich International SA, Givaudan SA, and Takasago International Corp are some of the leading companies operating in the South & Central America fermented flavor and fragrance ingredients market.

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At 8.9% CAGR, South & Central America Fermented Flavor and Fragrance Ingredients Market is Speculated to be Worth US$ 220.31 Million by 2030, says The Research Team

According toThe Research Team’ research, the South & Central America fermented flavor and fragrance ingredients market was valued at US$ 111.72 million in 2022 and is expected to reach US$ 220.31 million by 2030, registering a CAGR of 8.9% from 2022 to 2030. Surging demand for “clean label” and “non-GMO” products and rising sustainability concerns are among the critical factors attributed to drive the South & Central America fermented flavor and fragrance ingredients market growth.

Consumers are highly concerned about their diet owing to which they pay extra attention to product labels and additives used in processed products such as food, beverages, cosmetics, and personal care products. Consumers are increasingly seeking clean label (products free from synthetic additives and preservatives) and non-GMO (products made without genetic engineering and whose ingredients are not derived from GMOs) products. This shifting trend has made it challenging for manufacturers to satisfy the demand from their procurement point of view. The end product manufactured using the fermentation process is labeled as clean, and consumers increasingly prefer these products as they are free of synthetic ingredients. Furthermore, they focus on holistic and conscious consumption and prefer products made with ethically sourced additives.

Fermentation is regarded as a natural process by the Food and Drugs Administration (FDA), and fermented flavors are considered “natural flavor.” For instance, Solvay is producing vanillin using naturally occurring yeast and claiming the products as “natural.” Thus, the increasing demand for natural flavors among various end-use industries boosts the demand for fermented flavors and fragrances. Additionally, fermented flavors and fragrances are manufactured using genetically engineered microbes. For example, Evolva claimed their fermented vanillin is non-GMO as it is made of genetically engineered yeast. Thus, an upsurging demand for clean-label and non-GMO products is expected to remain a growing trend in the fermented flavor and fragrance ingredients market in the coming years.

On the contrary, high product costs hurdle the growth of South & Central America fermented flavor and fragrance ingredients market.

Based on type, the South & Central America fermented flavor and fragrance ingredients market is divided into fruity, floral, woody, blends, and others. The fruity segment held 39.4% South & Central America fermented flavor and fragrance ingredients market share in 2022, amassing US$ 43.99 million. It is projected to garner US$ 85.06 million by 2030 to register 8.6% CAGR during 2022-2030.

In terms of application, the South & Central America fermented flavor and fragrance ingredients market is categorized into food and beverages, personal care products, cosmetics, and others. The others segment held 43.9% share of South & Central America fermented flavor and fragrance ingredients market in 2022, amassing US$ 49.04 million. It is projected to garner US$ 93.07 million by 2030 to expand at 8.3% CAGR from 2022 to 2030.

Based on country, the South & Central America fermented flavor and fragrance ingredients market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that the Rest of South & Central America captured 52.8% share of South & Central America fermented flavor and fragrance ingredients market in 2022. It was assessed at US$ 58.95 million in 2022 and is likely to hit US$ 113.86 million by 2030, registering a CAGR of 8.6% during 2022-2030.

Key players operating in the South & Central America fermented flavor and fragrance ingredients market are Amyris Inc, BASF SE, Dohler GmbH, Firmenich International SA, Givaudan SA, and Takasago International Corp, among others.

In December 2023, Takasago International Corp launched Clean Beauty Collective’s new Clean Reserve H2EAU in collaboration with Sephora. This product aims to serve people with sensitive skin, and the product is ethyl alcohol-free.

In February 2023, Givaudan SA partnered with biotech company Amyris to acquire primary cosmetic ingredients, including high-performance emollient Neossance Squalane, plant-based silicone alternative Neossance Hemisqualane, and sustainable sun protector CleanScreen. The long-term partnership agreement will allow Amyris to continue manufacturing cosmetic ingredients for Givaudan and provide access to its innovation capabilities. Givaudan will become the commercialization partner for future sustainable beauty ingredients. Amyris’ ingredients are used in over 20,000 products from top brands, reaching over 300 million consumers. The deal includes an upfront cash consideration and performance-based earnout.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America fermented flavor and fragrance ingredients market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the South & Central America fermented flavor and fragrance ingredients market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the South & Central America fermented flavor and fragrance ingredients market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS

1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Fermented Flavor and Fragrance Ingredients Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturing Process
4.3.3 Distributors or Suppliers
4.3.4 End-Use Industries
5. South & Central America Fermented Flavor and Fragrance Ingredients Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Sustainability Concerns
5.1.2 Strategic Development Initiatives by Key Market Players
5.2 Market Restraints
5.2.1 High Product Costs
5.3 Market Opportunities
5.3.1 Technological Advancements
5.4 Future Trends
5.4.1 Surging Demand for “Clean Label” and “Non-GMO” Products
5.5 Impact of Drivers and Restraints:
6. Fermented Flavor and Fragrance Ingredients Market – South & Central America Market Analysis
6.1 South & Central America Fermented Flavor and Fragrance Ingredients Market Revenue (US$ Million), 2020-2030
6.2 South & Central America Fermented Flavor and Fragrance Ingredients Market Forecast Analysis
7. South & Central America Fermented Flavor and Fragrance Ingredients Market Analysis – by Type
7.1 Fruity
7.1.1 Overview
7.1.2 Fruity: South & Central America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Floral
7.2.1 Overview
7.2.2 Floral: South & Central America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Woody
7.3.1 Overview
7.3.2 Woody: South & Central America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Blends
7.4.1 Overview
7.4.2 Blends: South & Central America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: South & Central America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Fermented Flavor and Fragrance Ingredients Market Analysis – by Application
8.1 Food and Beverages
8.1.1 Overview
8.1.2 Food and Beverages: South & Central America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Personal Care Products
8.2.1 Overview
8.2.2 Personal Care Products: South & Central America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Cosmetics
8.3.1 Overview
8.3.2 Cosmetics: South & Central America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others: South & Central America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Fermented Flavor and Fragrance Ingredients Market – Country Analysis
9.1 South & Central America
9.1.1 South & Central America: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast Analysis – by Country
9.1.1.1 South & Central America: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast Analysis – by Country
9.1.1.2 Brazil: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 Brazil: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Type
9.1.1.2.2 Brazil: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Application
9.1.1.3 Argentina: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.1 Argentina: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Type
9.1.1.3.2 Argentina: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Application
9.1.1.4 Rest of South & Central America: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.1 Rest of South & Central America: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Type
9.1.1.4.2 Rest of South & Central America: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Application
10. Competitive Landscape
10.1 Heat Map Analysis By Key Players
10.2 Company Positioning & Concentration
11. Company Profiles
11.1 Dohler GmbH
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Takasago International Corp
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Givaudan SA
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 BASF SE
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Firmenich International SA
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Amyris Inc
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
12. Appendix
12.1 About The Research Team

LIST OF TABLES

Table 1. South & Central America Fermented Flavor and Fragrance Ingredients Market Segmentation
Table 2. South & Central America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Table 3. South & Central America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 4. South & Central America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 5. South & Central America: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million) – by Country
Table 6. Brazil: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 7. Brazil: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 8. Argentina: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 9. Argentina: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 10. Rest of South & Central America: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 11. Rest of South & Central America: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 12. Heat Map Analysis By Key Players

LIST OF FIGURES

Figure 1. South & Central America Fermented Flavor and Fragrance Ingredients Market Segmentation, by Country
Figure 2. Porter’s Five Forces Analysis: South & Central America Fermented Ingredients for Flavors and Fragrances Market
Figure 3. Ecosystem: South & Central America Fermented Flavor and Fragrance Ingredients Market
Figure 4. South & Central America Fermented Flavor and Fragrance Ingredients Market – Key Market Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. South & Central America Fermented Flavor and Fragrance Ingredients Market Revenue (US$ Million), 2020-2030
Figure 7. South & Central America Fermented Flavor and Fragrance Ingredients Market Share (%) – by Type (2022 and 2030)
Figure 8. Fruity: South & Central America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Floral: South & Central America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Woody: South & Central America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Blends: South & Central America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Others: South & Central America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. South & Central America Fermented Flavor and Fragrance Ingredients Market Share (%) – by Application (2022 and 2030)
Figure 14. Food and Beverages: South & Central America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Personal Care Products: South & Central America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Cosmetics: South & Central America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Others: South & Central America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. South & Central America: Fermented Flavor and Fragrance Ingredients Market Revenue, by Key Countries, (2022) (US$ Mn)
Figure 19. South & Central America: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 20. Brazil: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Argentina: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Rest of South & Central America: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. Company Positioning & Concentration

The List of Companies – South & Central America Fermented Flavor and Fragrance Ingredients Market

o Amyris Inc
o BASF SE
o Dohler GmbH
o Firmenich International SA
o Givaudan SA
o Takasago International Corp

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