A growing trend of raw product processing in the oil and mining sectors is driving industrial chains. However, it’s the food industry that really stands out in Brazil. The sector processes 58% of the value of agricultural food production, and raw grains now play an increasingly large role in domestic and international markets. In the last seven years, processed food exports have surged from $35.2 billion to nearly $60 billion (+72%). In addition to industrializing traditional products such as sugar, animal protein, soybean oil, and orange juice, the sector is growing in wheat derivatives (such as biscuits), dairy products, coffee, including capsules, and more. Globally, Brazil’s main markets for processed foods are China (17.7% market share), the 22 countries of the Arab League (16.3%), and the European Union (15.3%).
Sources: Folha de S. Paulo/Datamar News