Brazil: Food Processing Ingredients

In 2018, Brazil’s food processing industry amounted to US$179 billion, positioning Brazil as one of the major global players in the sector. In 2018, the food processing industry in Brazil increased 2 percent compared to the previous year, driven by a gradual recovery from the most severe economic crises in its history. Despite the uncertain climate about new macro and microeconomic reforms of President Bolsonaro and exchange rate oscillation, imports of food ingredients increased three percent. Sales of U.S. intermediate products to Brazil increased 19 percent, which helped expand U.S. market share to 11 percent in 2018. According to importers, consumers have started to trade up again, a positive signal for U.S. exports to Brazil. 

Brazil: Food Processing Ingredients