Brazil: Food Processing Ingredients

Brazil continues to present opportunities for U.S. exporters of ingredients, with its food processing industry market estimated at $198 billion. After negative growth over the past few years, economic activity in Brazil is recovering and growth is picking up. Post estimates a compound annual growth rate of between 2 to 3 percent in real terms until 2021 for the food processing industry. Looking ahead, while the industry is in the process of cost reduction and seeking consolidation as a strategy to survive Brazil’s economic crisis, major players expect a recovery in investment and a corresponding increase in imports after the last quarter of 2018, following presidential elections. Food processing ingredients that allow for cost saving and high performance ingredients that add value to products present good market potential as trends such as health and wellness continue to expand and the increasing income of the middle-class continues to drive economic growth.

Brazil: Food Processing Ingredients