Brazil: Food Processing Ingredients
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According to the Brazilian Food Processors' Association (ABIA), the country's food processing sector registered revenues of R$922.6 billion (US$171 billion) in 2021, an increase of 16.9 percent compared to 2020. Although the country has suffered from the COVID-19 pandemic, the advances in vaccination and a rebound in the service sector have contributed to the industry's performance. When it comes to food ingredients, the country is highly dependent on international suppliers to meet its demand. Ingredients with high added value continue to present good opportunities for U.S. companies. Brazilian food manufacturers and ingredients importers constantly look for new suppliers and innovative products. FAS/Sao Paulo will have institutional booths at the Nutri Ingredients Summit (NIS) and Food Ingredients South America (FiSA) show in Sao Paulo and plans to host a Virtual Trade Event in November for food ingredients. For more information, contact us at firstname.lastname@example.org.