South & Central America Fermented Flavor and Fragrance Ingredients Market Forecast to 2030 - Regional Analysis - by Type (Fruity, Floral, Woody, Blends, and Others) and Application (Food and Beverages, Personal Care Products, Cosmetics, and Others)

South & Central America Fermented Flavor and Fragrance Ingredients Market Forecast to 2030 - Regional Analysis - by Type (Fruity, Floral, Woody, Blends, and Others) and Application (Food and Beverages, Personal Care Products, Cosmetics, and Others)

The South & Central America fermented flavor and fragrance ingredients market was valued at US$ 111.72 million in 2022 and is expected to reach US$ 220.31 million by 2030; it is estimated to register a CAGR of 8.9% from 2022 to 2030.

Technological Advancements Fuel South & Central America Fermented Flavor and Fragrance Ingredients Market

Traditional and biomass fermentation are traditional methods used for fermentation for ages. However, precision fermentation is considered an advanced type of fermentation used to produce flavors and fragrances. The process of precision fermentation includes a microbial host that is used to obtain a target ingredient, i.e., flavors and fragrances. This is done by genetic modifications affecting the host's DNA by introducing foreign DNA. Bacteria, algae, yeast, and mold are used as a host in precision fermentation. This advanced fermentation technology requires intensive R&D, from the genetic altering and optimization of the host to feedstock selection and preparation and downstream process design, which will result in high standards of the final ingredient. This fermentation technique is more sustainable. Thus, with a growing world population to feed, severe climate changes, and the reduction of fertile lands to grow food, the demand for more efficient, sustainable, and arable land-free technologies that produce food ingredients is required. Thus, the increasing need for technologies with a lower environmental footprint is expected to boost the fermented flavor and fragrance ingredients market growth during the forecast period.

The key market players use precision fermentation technology to launch natural flavors and fragrances. For instance, Insempra recently launched a violet and raspberry fragrance developed through precision fermentation. Thus, the advancement in fermentation technology such as precision fermentation, is expected to create lucrative opportunities for the fermented flavor and fragrance ingredients market during the forecast period.

South & Central America Fermented Flavor and Fragrance Ingredients Market Overview

The fermented flavor and fragrance ingredients market in South & Central America has been experiencing an increased emphasis on health and wellness. The growing interest in clean-label products across the region contributed to the regional market growth as regulatory bodies consider fermented flavors and fragrances as natural ingredients. Moreover, taking a significant step toward environmental consciousness, consumers have become more aware of their environmental impact. They are choosing brands visibly working to reduce their carbon footprint and promote sustainable practices. Furthermore, the growing innovations in biotechnology in countries such as Argentina help the market expand in the region.

South & Central America Fermented Flavor and Fragrance Ingredients Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Fermented Flavor and Fragrance Ingredients Market Segmentation

The South & Central America fermented flavor and fragrance ingredients market is categorized into type, application, and country.

Based on type, the South & Central America fermented flavor and fragrance ingredients market is divided into fruity, floral, woody, blends, and others. The fruity segment held the largest South & Central America fermented flavor and fragrance ingredients market share in 2022.

In terms of application, the South & Central America fermented flavor and fragrance ingredients market is categorized into food and beverages, personal care products, cosmetics, and others. The others segment held the largest South & Central America fermented flavor and fragrance ingredients market share in 2022.

By country, the South & Central America fermented flavor and fragrance ingredients market is segmented into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America fermented flavor and fragrance ingredients market share in 2022.

Amyris Inc, BASF SE, Dohler GmbH, Firmenich International SA, Givaudan SA, and Takasago International Corp are some of the leading companies operating in the South & Central America fermented flavor and fragrance ingredients market.

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