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Growing Market with Trends toward Natural Ingredients
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The shelf-life food additives market is growing in Brazil, especially led by an increase in the demand for convenience foods. Currently, hindered phenols are the predominant additives in volume, followed by natural extracts segments. New healthy trends and consumers awareness regarding health issues is expected to increase, decreasing synthetic additives consumption. However, the shift is expected to happen in the long term, as natural and healthier alternatives are more expensive and price is still an important factor in the market. Major market participants are Eastman, Camlin Fine Science, Danisco, DSM, Basf, Naturex, and Kalsec.
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