South & Central America Powdered Flavors Market Forecast to 2030

South & Central America Powdered Flavors Market Forecast to 2030 – Regional Analysis – by Type (Sweet, Savory, and Others), Category (Natural [Organic and Conventional] and Synthetic), and Application (Bakery and Confectionery; Dairy and Frozen Desserts; Soups, Sauces, and Dressings; Meat and Meat Substitute Products; Snacks and RTE Meals; Nutritional Supplements; and Others)

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Description

The South & Central America powdered flavors market was valued at US$ 988.74 million in 2022 and is expected to reach US$ 1,546.82 million by 2030; it is estimated to grow at a CAGR of 5.8% from 2022 to 2030.

Adoption of Microencapsulation Technique Fuels the South & Central America Powdered Flavors Market

Microencapsulation involves encasing flavor material in a solid matrix known as a microcapsule, which releases the flavor when heated or exposed to water. Various methods are used in microencapsulation, including spray drying, coacervation, and polymerization. In the microencapsulation process, the oil/water mixture is homogenized in the presence of wall material, followed by controlled spray drying. Commonly used wall materials include vegetable gums, starches, dextrin, proteins, and cellulose esters. Microencapsulation provides a controlled release of flavor at the right place and at the desired time. It protects the active ingredients (flavors) from moisture, acid, heat, oxidation, and ingredient interaction. It provides easy handling of ingredients as they are dry and free-flowing, reducing overall transportation and handling costs. Microencapsulated flavors are highly shelf-stable, making them more desirable than other forms. Microencapsulation saves packaging requirements making the process more sustainable. Due to the aforementioned benefits of microencapsulation, many global flavor companies are adopting this technology. For instance, companies such as Firmenich SA, Cargill Incorporated, Givaudan, and Ingredion offer microencapsulated flavors for precise flavor delivery and to achieve a competitive advantage over other players operating in the market. Thus, various benefits of microencapsulation of flavors and increased adoption of the technique by powdered flavor manufacturers operating in the market are expected to offer profitable opportunities to the powdered flavors market in the coming years.

South & Central America Powdered Flavors Market Overview

The South & Central America powdered flavors market is segmented into Brazil, Argentina, and the Rest of South & Central America. Powdered flavors permit people to relish various food and beverage flavors even when out of season. It helps maintain the delights of food, with an authentic taste and without any off notes. Additional fruity and natural flavors have become more prevalent in food industries across the region due to their different taste, fragrance, and health benefits. The region’s ongoing “natural is better” trend further boosts the demand for natural and organic-sourced powdered flavors.

Urbanization has further led to busier lifestyles, increasing demand for packaged food, snacks, and ready-to-eat foods. Powdered flavors are more cost-effective to produce and transport than their liquid counterparts, making them appealing to manufacturers. Thus, rising urbanization and cost-effectiveness are the factors propelling the adoption of powdered flavors in the food & beverage industry across the region.

South & Central America Powdered Flavors Market Revenue and Forecast to 2030 (US$ Mn)

South & Central America Powdered Flavors Market Segmentation

The South & Central America powdered flavors market is segmented into type, category, application, and country.

Based on type, the South & Central America powdered flavors market is segmented into sweet, savory, and others. The savory segment held the largest market share in 2022.

Based on category, the South & Central America powdered flavors market is divided into natural and synthetic. The synthetic segment held a larger market share in 2022. Natural segment is bifurcated into organic and conventional.

Based on application, the South & Central America powdered flavors market is segmented into bakery and confectionery; dairy and frozen desserts; soups, sauces, and dressings; meat and meat substitute products; snacks and RTE meals; nutritional supplements; and others. The snacks and RTE Meals segment held the largest market share in 2022.

Based on country, the South & Central America powdered flavors market is segmented to Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America powdered flavors market share in 2022.

Bell Flavors & Fragrances Inc, Flavorchem Corp, Gold Coast Ingredients Inc, Robertet SA, Symrise AG, and Synergy Flavours Ltd are some of the leading companies operating in the South & Central America powdered flavors market.

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At 5.8% CAGR, the South & Central America Powdered Flavors Market is Speculated to be Worth US$ 1,546.82 million by 2030, says The Research Team

According to The Research Team’ research, the South & Central America powdered flavors market was valued at US$ 988.74 million in 2022 and is expected to reach US$ 1,546.82 million by 2030, registering a CAGR of 5.8% from 2022 to 2030. Advantages of powder flavors and wide application of powdered flavors are among the critical factors attributed to the South & Central America powdered flavors market expansion.

Global consumers are becoming highly concerned about the food they consume, owing to which they are paying more attention to the product labels and the ingredients used in processed food products. The preference for 100% natural and simple ingredients has increased, compelling manufacturers to launch ingredients with clean-label claims. Organic food products are becoming increasingly popular owing to their perceived health benefits. Ingredients in organic products come from organically certified farms that follow strict farming practices. Organic products are free of pesticides, chemical fertilizers, and genetically modified organisms (GMOs), increasing their appeal among consumers, who are ready to pay high prices. Manufacturers are launching products with organic, non-GMO (genetically modified organisms), and 100% natural claims to fulfill the changing requirements of consumers. In July 2022, Symrise also unveiled blueberry ingredients and active compounds in powder, flakes, and certified organic extracts that can be used as a flavoring agent in baked goods, ice creams, beverages, dietary supplements, and baby food.

Consumers are rapidly shifting toward vegan food due to rising health concerns related to animal-origin food and the perceived health benefits of plant-based food. Vegetarianism and veganism are on the rise across the globe as consumers are cutting down their meat and dairy intake and preferring products with 100% plant-based ingredients. Thus, constant product innovations, a rising preference for vegan food, and the growing popularity of organic and all-natural products are expected to accelerate market growth.

On the contrary, increasing concerns related to synthetic food flavorings hampers on the growth of South & Central America powdered flavors market.

Based on type, the South & Central America powdered flavors market is segmented into sweet, savory, and others. The savory segment held 59.3% market share in 2022, amassing US$ 585.99 million. It is projected to garner US$ 941.88 million by 2030 to expand at 6.1% CAGR during 2022–2030.

Based on category, the South & Central America powdered flavors market is divided into natural and synthetic. The synthetic segment held 66.5% share of South & Central America powdered flavors market in 2022, amassing US$ 657.90 million. It is projected to garner US$ 1,007.11 million by 2030 to expand at 5.5% CAGR during 2022–2030.

Based on application, the South & Central America powdered flavors market is segmented into bakery and confectionery; dairy and frozen desserts; soups, sauces, and dressings; meat and meat substitute products; snacks and RTE meals; nutritional supplements; and others. The snacks and RTE meals segment held 28.3% share of South & Central America powdered flavors market in 2022, amassing US$ 279.47 million. It is projected to garner US$ 456.74 million by 2030 to expand at 6.3% CAGR during 2022–2030.

Based on country, the South & Central America powdered flavors market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that the Rest of South & Central America captured 52.4% share of South & Central America powdered flavors market in 2022. It was assessed at US$ 518.00 million in 2022 and is likely to hit US$ 786.25 million by 2030, exhibiting a CAGR of 5.4% during 2022–2030.

Key players operating in the South & Central America powdered flavors market are Bell Flavors & Fragrances Inc, Flavorchem Corp, Gold Coast Ingredients Inc, Robertet SA, Symrise AG, and Synergy Flavours Ltd, among others.

In 2023, Bell Flavors & Fragrances’ Technology and Innovation Center Advances Strategic Developments in Clean Label Flavors.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America powdered flavors 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 South & Central America powdered flavors 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 market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security 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 Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Powdered Flavors 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 End Users
5. South & Central America Powdered Flavors Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Advantages of Powder Flavors
5.1.2 Wide Application of Powdered Flavors
5.2 Market Restraints
5.2.1 Increasing Concerns Related to Synthetic Food Flavorings
5.3 Market Opportunities
5.3.1 Surging Demand for Innovative Powdered Flavors in Sports Nutrition Products
5.3.2 Adoption of Microencapsulation Technique
5.4 Future Trends
5.4.1 Increasing Demand for Clean-Label, Organic, and Plant-Based Ingredients
5.5 Impact Analysis of Drivers and Restraints
6. Powdered Flavors Market – South & Central America Market Analysis
6.1 South & Central America Powdered Flavors Market Revenue (US$ Million), 2022 – 2030
6.2 South & Central America Powdered Flavors Market Forecast and Analysis
7. South & Central America Powdered Flavors Market Analysis – Type
7.1 Sweet
7.1.1 Overview
7.1.2 Sweet Market Revenue and Forecast to 2030 (US$ Million)
7.2 Savory
7.2.1 Overview
7.2.2 Savory Market Revenue and Forecast to 2030 (US$ Million)
7.3 Others
7.3.1 Overview
7.3.2 Others Market Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Powdered Flavors Market Analysis – Category
8.1 Natural
8.1.1 Overview
8.1.2 Natural Market Revenue and Forecast to 2030 (US$ Million)
8.1.3 Organic
8.1.3.1 Organic Market Revenue and Forecast to 2030 (US$ Million)
8.1.4 Conventional
8.1.4.1 Conventional Market Revenue and Forecast to 2030 (US$ Million)
8.2 Synthetic
8.2.1 Overview
8.2.2 Synthetic Market Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Powdered Flavors Market Analysis – Application
9.1 Bakery and Confectionery
9.1.1 Overview
9.1.2 Bakery and Confectionery Market Revenue and Forecast to 2030 (US$ Million)
9.2 Dairy and Frozen Desserts
9.2.1 Overview
9.2.2 Dairy and Frozen Desserts Market Revenue and Forecast to 2030 (US$ Million)
9.3 Soups, Sauces, and Dressings
9.3.1 Overview
9.3.2 Soups, Sauces, and Dressings Market Revenue and Forecast to 2030 (US$ Million)
9.4 Meat and Meat Substitute Products
9.4.1 Overview
9.4.2 Meat and Meat Substitute Products Market Revenue and Forecast to 2030 (US$ Million)
9.5 Snacks and RTE Meals
9.5.1 Overview
9.5.2 Snacks and RTE Meals Market Revenue and Forecast to 2030 (US$ Million)
9.6 Nutritional Supplements
9.6.1 Overview
9.6.2 Nutritional Supplements Market Revenue and Forecast to 2030 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others Market Revenue and Forecast to 2030 (US$ Million)
10. South & Central America Powdered Flavors Market – Country Analysis
10.1 Overview
10.1.1 South & Central America Powdered Flavors Market Revenue and Forecasts and Analysis – By Countries
10.1.1.1 South & Central America Powdered Flavors Market Breakdown by Country
10.1.1.2 Brazil: South & Central America Powdered Flavors Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.2.1 Brazil: South & Central America Powdered Flavors Market Breakdown by Type
10.1.1.2.2 Brazil: South & Central America Powdered Flavors Market Breakdown by Category
10.1.1.2.3 Brazil: South & Central America Powdered Flavors Market Breakdown by Application
10.1.1.3 Argentina : South & Central America Powdered Flavors Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.3.1 Argentina : South & Central America Powdered Flavors Market Breakdown by Type
10.1.1.3.2 Argentina : South & Central America Powdered Flavors Market Breakdown by Category
10.1.1.3.3 Argentina : South & Central America Powdered Flavors Market Breakdown by Application
10.1.1.4 Rest of South & Central America: South & Central America Powdered Flavors Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.4.1 Rest of South & Central America: South & Central America Powdered Flavors Market Breakdown by Type
10.1.1.4.2 Rest of South & Central America: South & Central America Powdered Flavors Market Breakdown by Category
10.1.1.4.3 Rest of South & Central America: South & Central America Powdered Flavors Market Breakdown by Application
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Launch
12. Competitive Landscape
12.1 Heat Map Analysis By Key Players
12.2 Company Positioning & Concentration
13. Company Profiles
13.1 Bell Flavors & Fragrances Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Gold Coast Ingredients Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Flavorchem Corp
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Symrise AG
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Synergy Flavours Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Robertet SA
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
14. Appendix

LIST OF TABLES

Table 1. South & Central America Powdered Flavors Market Segmentation
Table 2. South & Central America Powdered Flavors Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. South & Central America Powdered Flavors Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 4. South & Central America Powdered Flavors Market Revenue and Forecasts To 2030 (US$ Million) – Category
Table 5. South & Central America Powdered Flavors Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 6. Brazil: South & Central America Powdered Flavors Market Revenue and Forecasts To 2030 (US$ Million) – By Type
Table 7. Brazil: South & Central America Powdered Flavors Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 8. Brazil: South & Central America Powdered Flavors Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 9. Argentina : South & Central America Powdered Flavors Market Revenue and Forecasts To 2030 (US$ Million) – By Type
Table 10. Argentina : South & Central America Powdered Flavors Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 11. Argentina : South & Central America Powdered Flavors Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 12. Rest of South & Central America: South & Central America Powdered Flavors Market Revenue and Forecasts To 2030 (US$ Million) – By Type
Table 13. Rest of South & Central America: South & Central America Powdered Flavors Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 14. Rest of South & Central America: South & Central America Powdered Flavors Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 15. Company Positioning & Concentration

LIST OF FIGURES

Figure 1. South & Central America Powdered Flavors Market Segmentation, By Country
Figure 2. Porter’s Five Forces Analysis: South & Central America Powdered Flavors Market
Figure 3. Ecosystem: South & Central America Powdered Flavors Market
Figure 4. South & Central America Powdered Flavors Market – Key Industry Dynamics
Figure 5. South & Central America Powdered Flavors Market Impact Analysis of Drivers and Restraints
Figure 6. South & Central America Powdered Flavors Market Revenue (US$ Million), 2020 – 2030
Figure 7. South & Central America Powdered Flavors Market Share (%) – Type, 2022 and 2030
Figure 8. Sweet Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Savory Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. South & Central America Powdered Flavors Market Share (%) – Category, 2022 and 2030
Figure 12. Natural Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Organic Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Conventional Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Synthetic Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. South & Central America Powdered Flavors Market Share (%) – Application, 2022 and 2030
Figure 17. Bakery and Confectionery Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Dairy and Frozen Desserts Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. Soups, Sauces, and Dressings Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Meat and Meat Substitute Products Market Revenue and Forecasts To 2030 (US$ Million)
Figure 21. Snacks and RTE Meals Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. Nutritional Supplements Market Revenue and Forecasts To 2030 (US$ Million)
Figure 23. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 24. South & Central America Powdered Flavors Market, by Key Country- Revenue (2022) (US$ Million)
Figure 25. South & Central America Powdered Flavors Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 26. Brazil: South & Central America Powdered Flavors Market Revenue and Forecasts To 2030 (US$ Million)
Figure 27. Argentina : South & Central America Powdered Flavors Market Revenue and Forecasts To 2030 (US$ Million)
Figure 28. Rest of South & Central America: South & Central America Powdered Flavors Market Revenue and Forecasts To 2030 (US$ Million)
Figure 29. Heat Map Analysis By Key Players

The List of Companies – South & Central America Powdered Flavors Market

o Bell Flavors & Fragrances Inc
o Flavorchem Corp
o Gold Coast Ingredients Inc
o Robertet SA
o Symrise AG
o Synergy Flavours Ltd

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