South & Central America Aroma Ingredients for Food and Beverages Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2030

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)

No. of Pages: 116    |    Report Code: BMIRE00030643    |    Category: Food and Beverages

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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; it is estimated to register a CAGR of 4.8% from 2022 to 2030.

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)

 

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South & Central America Aroma Ingredients for Food and Beverages Strategic Insights

Strategic insights for the South & Central America Aroma Ingredients for Food and Beverages provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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South & Central America Aroma Ingredients for Food and Beverages Report Scope

Report Attribute Details
Market size in 2022 US$ 90.71 Million
Market Size by 2030 US$ 131.51 Million
Global CAGR (2022 - 2030) 4.8%
Historical Data 2020-2021
Forecast period 2023-2030
Segments Covered By Type
  • Synthetic
  • Natural
By Application
  • Bakery and Confectionery
  • Dairy and Frozen Desserts
  • Beverages
  • Sweet and Savory Snacks
  • RTE and RTC Meals
Regions and Countries Covered South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Market leaders and key company profiles
  • International Flavors & Fragrances Inc.
  • Sensient Technologies Corp.
  • BASF SE.
  • V MANE FILS SAS.
  • Symrise AG.
  • Firmenich International SA.
  • Archer-Daniels-Midland Co.
  • Kerry Group Plc.
    		•
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    South & Central America Aroma Ingredients for Food and Beverages Regional Insights

    The geographic scope of the South & Central America Aroma Ingredients for Food and Beverages refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    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.

    Identical Market Reports with other Region/Countries

    The List of Companies - South & 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.

    Frequently Asked Questions
    How big is the South & Central America Aroma Ingredients for Food and Beverages Market?

    The South & Central America Aroma Ingredients for Food and Beverages Market is valued at US$ 90.71 Million in 2022, it is projected to reach US$ 131.51 Million by 2030.

    What is the CAGR for South & Central America Aroma Ingredients for Food and Beverages Market by (2022 - 2030)?

    As per our report South & Central America Aroma Ingredients for Food and Beverages Market, the market size is valued at US$ 90.71 Million in 2022, projecting it to reach US$ 131.51 Million by 2030. This translates to a CAGR of approximately 4.8% during the forecast period.

    What segments are covered in this report?

    The South & Central America Aroma Ingredients for Food and Beverages Market report typically cover these key segments-

    • Type (Synthetic, Natural)
    • Application (Bakery and Confectionery, Dairy and Frozen Desserts, Beverages, Sweet and Savory Snacks, RTE and RTC Meals)

    What is the historic period, base year, and forecast period taken for South & Central America Aroma Ingredients for Food and Beverages Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South & Central America Aroma Ingredients for Food and Beverages Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2030
    • Who are the major players in South & Central America Aroma Ingredients for Food and Beverages Market?

    The South & Central America Aroma Ingredients for Food and Beverages Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • International Flavors & Fragrances Inc.
  • Sensient Technologies Corp.
  • BASF SE.
  • V MANE FILS SAS.
  • Symrise AG.
  • Firmenich International SA.
  • Archer-Daniels-Midland Co.
  • Kerry Group Plc.
    • Who should buy this report?

    The South & Central America Aroma Ingredients for Food and Beverages Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the South & Central America Aroma Ingredients for Food and Beverages Market value chain can benefit from the information contained in a comprehensive market report.

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