South & Central America Aroma Ingredients for Food and Beverages Market Forecast to 2030
South & Central America Aroma Ingredients for Food and Beverages Market Forecast to 2030 – Regional Analysis – by Type {Synthetic (Terpenes, Aldehydes, Aliphatic, and Others) and Natural (Essential Oils, Herbal Extracts, Oleoresins, and Others)} and Application (Bakery and Confectionery, Dairy and Frozen Desserts, Beverages, Sweet and Savory Snacks, RTE and RTC Meals, and Others)
$2,485 – $3,885
- Description
- Toplines
- Reasons for Buying
- Table of Contents
- List of Tables
- LIst of Figures
- List of Companies
- Reviews (0)
Description
Rising Demand for Aromas in Plant-Based Food and Beverages Fuels South & Central America Aroma Ingredients for Food and Beverages Market
In recent years, the demand for plant-based food and beverages has surged owing to rising consumer awareness about health and wellness, as well as due to environmental and ethical reasons. The raw ingredients of plant-based products such as pea, almond, or soy protein contribute to the characteristics of aroma volatiles, which may not be desirable. For instance, pea protein has been known to impart beany flavor that must be reduced in the final products. Aroma ingredients play a critical role in enhancing the sensory appeal of plant-based food and beverages by imparting familiar and desirable scents, thus making them more palatable.
Aroma ingredients offer a versatile and customized solution for manufacturers seeking to develop a wide range of plant-based products that cater to diverse consumer preferences and dietary needs. By harnessing aroma ingredients derived from natural sources such as fruits, vegetables, herbs, and spices, manufacturers can create authentic and appealing flavors and scents that resonate with health-conscious consumers, thereby contributing to the market growth. Further, the rising sophistication of plant-based culinary offerings, including meat alternatives, dairy alternatives, and plant-based snacks and beverages, presents ample opportunities for aroma ingredients manufacturers to innovate and collaborate with food and beverage companies. Thus, the rising demand for aromas in plant-based food and beverages is expected to fuel the aroma ingredients for food and beverages market growth during the forecast period.
South & Central America Aroma Ingredients for Food and Beverages Market Overview
In South & Central America, the demand for aroma ingredients for food and beverages is attributed to rising demand for convenience and on-the-go food and beverages. Since 2020, 50% of Colombian consumers have been opting for ready-to-eat and ready-to-cook food. Aroma ingredients are used in RTC and RTE products to enhance the sensory appeal and texture of the products. In addition, the rising awareness regarding health and benefits has resulted in the demand for products with natural ingredients. This, in turn, has resulted in demand for premium food and beverages with healthier alternatives. In July 2020, 41% of Chilean consumers opted for premium food and beverages. Aroma ingredients are used to create unique and appealing taste profiles in these products, thereby contributing to market growth. Further, growing industrialization, supporting food production business, and changing food habits of consumers are bolstering the demand for aroma ingredients. All these factors are propelling the sales of aroma ingredients for food and beverages market in South & Central America.
South & Central America Aroma Ingredients for Food and Beverages Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Aroma Ingredients for Food and Beverages Market Segmentation
The South & Central America aroma ingredients for food and beverages market is categorized into type, application, and country.
Based on type, the South & Central America aroma ingredients for food and beverages market is bifurcated into synthetic and natural. The synthetic segment held a larger market share in 2022. Furthermore, the synthetic segment is further sub segmented into terpenes, aldehydes, aliphatic, and others. Additionally, the natural segment is further sub segmented into essential oils, herbal extracts, oleoresins, and others.
In terms of application, the South & Central America aroma ingredients for food and beverages market is categorized into bakery and confectionery, dairy and frozen desserts, beverages, sweet and savory snacks, RTE and RTC meals, and others. The bakery and confectionery segment held the largest market share in 2022.
By country, the South & Central America aroma ingredients for food and beverages market is segmented into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America aroma ingredients for food and beverages market share in 2022.
International Flavors & Fragrances Inc, Sensient Technologies Corp, BASF SE, V MANE FILS SAS, Symrise AG, Firmenich International SA, Archer-Daniels-Midland Co, and Kerry Group Plc are some of the leading companies operating in the South & Central America aroma ingredients for food and beverages market.
Summary Info
| Industry: | |
|---|---|
| Pricing options: | |
| Geographical coverage: | |
| Year of Publication: |
According to the Research Team’ research, the South & Central America aroma ingredients for food and beverages market was valued at US$ 90.71 million in 2022 and is expected to reach US$ 131.51 million by 2030, registering a CAGR of 4.8% from 2022 to 2030. Rising trend for natural aromas and rising demand for aromas in plant-based food and beverages are among the critical factors attributed to drive the South & Central America aroma ingredients for food and beverages market growth.
Consumers are becoming more conscious of the ingredients in their food and beverages, seeking products made with natural and authentic components. Natural aroma ingredients derived from sources such as fruits, herbs, spices, herbs, and botanicals resonate with growing consumer preferences for clean-label products. Key players in the market are developing natural aroma ingredients to cater to the growing consumer demand. For instance, in June 2021, Firmenich announced the launch of the Firgood collection, a new range of pure, 100% natural extracts obtained by a revolutionary, sustainable proprietary extraction technology. The launch was aimed to cater to the growing demand for natural ingredients.
Further, the preference for natural aroma ingredients extends beyond health considerations to encompass sensory experience and flavor authenticity. Natural aroma ingredients possess complex and nuanced flavor profiles that synthetic ingredients cannot replicate, providing a more authentic and satisfying culinary experience. The prominent players in the market are investing in developing natural aroma ingredients.
Thus, the increasing demand for natural aroma ingredients in the food & beverages industry is expected to be a notable trend within the aroma ingredients market in the coming years.
On the contrary, the regulatory compliances hamper the growth of South & Central America aroma ingredients for food and beverages market.
Based on type, the South & Central America aroma ingredients for food and beverages market is bifurcated into synthetic and natural. The synthetic segment held 57.4% market share in 2022, amassing US$ 52.07 million. It is projected to garner US$ 71.66 million by 2030 to register 4.1% CAGR during 2022-2030. Furthermore, the synthetic segment is further sub segmented into terpenes, aldehydes, aliphatic, and others. Additionally, the natural segment is further sub segmented into essential oils, herbal extracts, oleoresins, and others.
By application, the South & Central America aroma ingredients for food and beverages market is categorized into bakery and confectionery, dairy and frozen desserts, beverages, sweet and savory snacks, RTE and RTC meals, and others. The bakery and confectionery segment held 34.3% share of South & Central America aroma ingredients for food and beverages market in 2022, amassing US$ 31.14 million. It is projected to garner US$ 42.75 million by 2030 to expand at 4.0% CAGR from 2022 to 2030.
Based on country, the South & Central America aroma ingredients for food and beverages 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 46.9% share of South & Central America aroma ingredients for food and beverages market in 2022. It was assessed at US$ 42.53 million in 2022 and is likely to hit US$ 59.15 million by 2030, registering a CAGR of 4.2% during 2022-2030.
Key players operating in the South & Central America aroma ingredients for food and beverages market are International Flavors & Fragrances Inc, Sensient Technologies Corp, BASF SE, V MANE FILS SAS, Symrise AG, Firmenich International SA, Archer-Daniels-Midland Co, and Kerry Group Plc, among others.
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 aroma ingredients for food and beverages 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 aroma ingredients for food and beverages 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.
1. Introduction
1.1 The the Reporting Teams 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 Aroma Ingredients for Food and Beverages 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 Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 Application
4.4 Qualitative Analysis of the Manufacturing Process of Aroma Ingredients
5. South & Central America Aroma Ingredients for Food and Beverages Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Importance of Aroma in Food & Beverage Industry
5.1.2 Strategic Initiatives by Key Market Players
5.2 Market Restraints
5.2.1 Regulatory Compliances
5.3 Market Opportunities
5.3.1 Rising Demand for Aromas in Plant-Based Food and Beverages
5.4 Future Trends
5.4.1 Rising Trend for Natural Aromas
5.5 Impact of Drivers and Restraints:
6. Aroma Ingredients for Food and Beverages Market – South & Central America Market Analysis
6.1 Aroma Ingredients for Food and Beverages Market Revenue (US$ Million), 2020-2030
6.2 Aroma Ingredients for Food and Beverages Market Forecast Analysis
7. South & Central America Aroma Ingredients for Food and Beverages Market Analysis – by Type
7.1 Synthetic
7.1.1 Overview
7.1.2 Synthetic: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
7.1.2.1 Terpenes
7.1.2.1.1 Overview
7.1.2.1.2 Terpenes: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
7.1.2.2 Aldehydes
7.1.2.2.1 Overview
7.1.2.2.2 Aldehydes: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
7.1.2.3 Aliphatic
7.1.2.3.1 Overview
7.1.2.3.2 Aliphatic: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
7.1.2.4 Others
7.1.2.4.1 Overview
7.1.2.4.2 Others: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Natural
7.2.1 Overview
7.2.2 Natural: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
7.2.2.1 Essential Oils
7.2.2.1.1 Overview
7.2.2.1.2 Essential Oils: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
7.2.2.2 Herbal Extracts
7.2.2.2.1 Overview
7.2.2.2.2 Herbal Extracts: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
7.2.2.3 Oleoresins
7.2.2.3.1 Overview
7.2.2.3.2 Oleoresins: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
7.2.2.4 Others
7.2.2.4.1 Overview
7.2.2.4.2 Others: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Aroma Ingredients for Food and Beverages Market Analysis – by Application
8.1 Bakery and Confectionery
8.1.1 Overview
8.1.2 Bakery and Confectionery: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Dairy and Frozen Desserts
8.2.1 Overview
8.2.2 Dairy and Frozen Desserts: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Beverages
8.3.1 Overview
8.3.2 Beverages: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Sweet and Savory Snacks
8.4.1 Overview
8.4.2 Sweet and Savory Snacks: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
8.5 RTE and RTC Meals
8.5.1 Overview
8.5.2 RTE and RTC Meals: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Aroma Ingredients for Food and Beverages Market – Country Analysis
9.1 South & Central America
9.1.1 South & Central America: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast Analysis – by Country
9.1.1.1 South & Central America: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast Analysis – by Country
9.1.1.2 Brazil: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 Brazil: Aroma Ingredients for Food and Beverages Market Breakdown, by Type
9.1.1.2.2 Brazil: Aroma Ingredients for Food and Beverages Market Breakdown, by Application
9.1.1.3 Argentina: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.1 Argentina: Aroma Ingredients for Food and Beverages Market Breakdown, by Type
9.1.1.3.2 Argentina: Aroma Ingredients for Food and Beverages Market Breakdown, by Application
9.1.1.4 Rest of South & Central America: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.1 Rest of South & Central America: Aroma Ingredients for Food and Beverages Market Breakdown, by Type
9.1.1.4.2 Rest of South & Central America: Aroma Ingredients for Food and Beverages Market Breakdown, by Application
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 New Product Development
11.3 Partnerships, Expansions, and Mergers and Acquisitions
12. Company Profiles
12.1 International Flavors & Fragrances Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Sensient Technologies Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 BASF SE
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 V. MANE Fils SAS
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Symrise AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Firmenich International SA
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Archer-Daniels-Midland Co
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Kerry Group plc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The the Reporting Teams
Table 1. South & Central America Aroma Ingredients for Food and Beverages Market Segmentation
Table 2. Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Table 3. Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 4. Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 5. South & Central America: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 6. Brazil: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 7. Brazil: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 8. Argentina: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 9. Argentina: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 10. Rest of South & Central America: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 11. Rest of South & Central America: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 12. Heat Map Analysis by Key Players
Figure 1. South & Central America Aroma Ingredients for Food and Beverages Market Segmentation, by Country
Figure 2. Aroma Ingredients for Food and Beverages Market – Porter’s Analysis
Figure 3. Ecosystem: Aroma Ingredients for Food and Beverages Market
Figure 4. Aroma Ingredients for Food and Beverages Market – Key Market Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Aroma Ingredients for Food and Beverages Market Revenue (US$ Million), 2020-2030
Figure 7. Aroma Ingredients for Food and Beverages Market Share (%) – by Type (2022 and 2030)
Figure 8. Synthetic: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Terpenes: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Aldehydes: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Aliphatic: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Others: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Natural: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Essential Oils: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Herbal Extracts: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Oleoresins: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Others: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Aroma Ingredients for Food and Beverages Market Share (%) – by Application (2022 and 2030)
Figure 19. Bakery and Confectionery: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Dairy and Frozen Desserts: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Beverages: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Sweet and Savory Snacks: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. RTE and RTC Meals: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Others: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. South & Central America Aroma Ingredients for Food and Beverages Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 26. South & Central America: Aroma Ingredients for Food and Beverages Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 27. Brazil: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030(US$ Million)
Figure 28. Argentina: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030(US$ Million)
Figure 29. Rest of South & Central America: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030(US$ Million)
Figure 30. Company Positioning & Concentration
The List of Companies – South and Central America Aroma Ingredients for Food and Beverages Market
1. International Flavors & Fragrances Inc.
2. Sensient Technologies Corp.
3. BASF SE.
4. V MANE FILS SAS.
5. Symrise AG.
6. Firmenich International SA.
7. Archer-Daniels-Midland Co.
8. Kerry Group Plc.
You must be logged in to post a review.
Reviews
There are no reviews yet.