Market Trends of South America Food Flavor Industry
This section covers the major market trends shaping the South America Food Flavor Market according to our research experts:
Rising Demand for Natural Ingredients
A significant number of consumers have gained interest in purchasing clean label goods, which offer a wide scope for naturally sourced ingredients, hence, propelling the demand for natural food flavors. In order to address the increasing demand for natural flavors, manufacturers are offering products free from artificial flavorings and gradually shifting toward natural ingredients. Continuing interest in foods with exotic or ethnic flavors is one of the key factors driving the demand for natural flavor blends. In recent years, artificial flavorings, such as benzophenone, ethyl acrylate, pyridine, and styrene, are identified as carcinogens, and thus, are being replaced by natural flavorings across the global market.
Rising Demand For RTE Food Products
Owing to the fast-paced lifestyle of the generation, consumers are increasingly inclining towards convenience food products, including instant soups, sauces, noodles, baked goods, and other ready meals, owing to their instant nature i.e. lesser preparation time and easy handling. However, despite the need to rely on comfort foods, consumers are reluctant to compromise on flavor. Younger age groups in precise, are the primary consumer base constantly willing to discover varied culinary traditions, in the interest of their taste buds. Moreover, RTE products, such as instant noodles, ice creams, and soups, are few of the most vulnerable food cuisines to be experimented based on flavors.
