Latin America Food Processing Market (2020-2026) | Share, Companies, Forecast, Industry, COVID-19 IMPACT, Trends, Analysis, Revenue, Outlook, Size, Growth & Value

Latin America food processing market is expected to register significant growth in the coming years due to an increase in demand for processed foods, beverages mainly beer and meat-based products. Moreover, due to both parents working in a family, higher disposable income, an increase in consumption of beverages especially beer is the macroeconomic factor behind the growth for this sector. However, the stringent government policies, strict regulations and fluctuations in the price of raw materials are the main factors that can constraint the growth in the market. Further, the recent Covid-19 pandemic had the worst impact on Latin America countries with the economies going down at a very sharp rate. Moreover, each industry took a hit from Covid-19 and the food processing market also harms it.

According to 6Wresearch, Latin America Food Processing Market size is anticipated to register growth during 2020-26. Countries that are projected to grow at an increasing rate are Chile, Brazil and Peru. Since the working population in Latin America is high with both parents working in a family leading to a higher disposable income which is boosting the growth in this market. Moreover, eating preferences are also changing with the upliftment in consumer’s lifestyle. Due to this, they are substituting meat protein over vegetable protein hence demanding more meat-based product. Additionally, people are more interested in having beverages (like alcohol or beer) with their meals leading to an increase in demand for beverages especially beer. Further, the rate of population growth in Latin American countries like Chile, Brazil, and Argentina is also very slow leading to an increase in the ageing population and median age rising above 35 years. Henceforth, this has led people to get more concerned about their health, and issues arising from food products. Due to this people are getting more inclined towards healthy and natural products (without any artificial ingredients). Moreover, they are ready to buy a premium product with the highest quality fuelling the growth for these products. Although the current market for plant-based product and products consisting of nutrients, vitamins and supplements are very small with the rising health-related issues and awareness about the healthy and organic product, these products will have a strong demand in the future. Further, the Covid-19 has badly hit Latin American countries like Chile, Brazil, and Argentina. Since, their main revenue comes from exporting food and beverages products to other countries however with the closing of export-import activities between different countries globally, had led to a sharp decline for Latin America economies.

The food processing market looks favourable with opportunities in various industries and products such as meat & poultry, beverages, plant-based products, bread, vegetables & fruits, dairy (cheese), sauces, mixed condiments and seasonings, and healthy food products. According to the type, the food processing market is divided into three groups Primary, Secondary and Tertiary food processing. Whereas, according to its application, it is divided into various categories mainly vegetable oil, fruits & vegetables, beverages, puffed food, Aquatic Product Processing and others. Some of the key players in Latin America market are Ferrero, Naturex, Dianafood, Cargill and Beneo.

Latin America food processing market report thoroughly covers the market by product type, application and key countries including Chile, Mexico, Argentina, Brazil and the rest of Latin America. The market outlook report provides an unbiased and detailed analysis of the on-going market trends in Latin American countries, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights

• Latin America Food Processing Market Outlook
• Latin America Food Processing Market Overview
• Latin America Food Processing Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Latin America Food Processing Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Application
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Types
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Mexico Food Processing Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Brazil Food Processing Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Argentina Food Processing Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Chile Food Processing Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Rest of Latin America Food Processing Market
• Market Drivers and Restraints
• Latin America Food Processing Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Latin America Food Processing Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By Type:
• Primary Food Processing
• Secondary Food Processing
• Tertiary Food Processing
• By Application:
• Vegetable Oil
• Drink
• Puffed Food
• Fruits and Vegetables
• Aquatic Food Processing
• Others
• By Countries:
• Mexico
• Brazil
• Argentina
• Chile
• Rest of Latin America