Latin America Food Preservatives Market Size & Outlook
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Latin America food preservatives market highlights
- The Latin America food preservatives market generated a revenue of USD 365.2 million in 2023.
- The market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, conventional was the largest revenue generating label in 2023.
- Clean Label is the most lucrative label segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 365.2 million |
| Market revenue in 2030 | USD 510.7 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Conventional |
| Fastest growing segment | Clean Label |
| Historical data covered | 2016 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Clean Label, Conventional |
| Key market players worldwide | Cargill, Kemin Industries, Archer-Daniels Midland Co, Tate & Lyle PLC, Koninklijke DSM NV, Basf SE, Celanese Corp Class A, Corbion NV, Kerry Group PLC Class A |
Other key industry trends
- In terms of revenue, Latin America region accounted for 12.3% of the global food preservatives market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,400.7 million by 2030.
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Food Preservatives Market Scope
Food Preservatives Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Kemin Industries | View profile | 1001-5000 | Des Moines, Iowa, United States, North America | http://www.kemin.com |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | http://www.cargill.com |
| Celanese Corp Class A | View profile | 12410 | 222 West Las Colinas Boulevard, Suite 900N, Irving, TX, United States, 75039-5421 | https://www.celanese.com |
| Corbion NV | View profile | 2727 | Piet Heinkade 127, Amsterdam, NH, Netherlands, 1019 GM | https://www.corbion.com |
| Tate & Lyle PLC | View profile | 4591 | 5 Marble Arch, London, United Kingdom, W1H 7EJ | https://www.tateandlyle.com |
| Kerry Group PLC Class A | View profile | 21000 | Prince's Street, Tralee, Kerry, Ireland, V92 EH11 | https://www.kerry.com |
| Archer-Daniels Midland Co | View profile | 41802 | 77 West Wacker Drive, Suite 4600, Chicago, IL, United States, 60601 | https://www.adm.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
| Koninklijke DSM NV | View profile | 20682 | Het Overloon 1, P.O. Box 6500, Heerlen, LI, Netherlands, 6411 TE | https://www.dsm.com |
Latin America food preservatives market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to food preservatives market will help companies and investors design strategic landscapes.
Conventional was the largest segment with a revenue share of 79.05% in 2023. Horizon Databook has segmented the Latin America food preservatives market based on clean label, conventional covering the revenue growth of each sub-segment from 2016 to 2030.
South American countries are among the highest meat consuming countries in the world. Meat consumption in Brazil and Argentina is higher than the global average consumption. Fish is largely consumed in Argentina, Bolivia, and Brazil.
The growing food preservatives market opportunities in South & Central America countries are observed in dairy products, soft drinks, ready-to-eat meals and bakery products.
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Target buyers of Latin America food preservatives market databook
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Our clientele includes a mix of food preservatives market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America food preservatives market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America food preservatives market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America food preservatives market size, by country, 2016-2030 (US$M)
Latin America Food Preservatives Market Outlook Share, 2023 & 2030 (US$M)
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