Today, the Foreign Agricultural Service announced a Virtual Market Showcase (VMS): U.S. and Brazil Food Ingredients. The goal of this event is to foster strong trade relationships between U.S. exporters of Food Ingredient Products and potential buyers in Brazil. The U.S. and Brazil Food Ingredients VMS will take place on Thursday, November 10, 2022: 11:00 am – 4:00 pm EST.
Prior to the event, U.S. exporters will participate in a market brief to learn about trade and economic conditions in Brazil. During the event, U.S. exporters will connect one-on-one with potential buyers through virtual business-to-business meetings. U.S. companies will also showcase their products to local buyers through customized pitch videos and virtual platform. In advance of the showcase, FAS’s Agricultural Trade Office in Sao Paulo will organize a webinar to provide an overview of the Brazilian food ingredients industry on August 30, 2022, at 2:00 pm (Eastern Time). This event will help U.S. exporters of food ingredients to learn more about the sector and to understand the dynamics of the food ingredients market in Brazil. Please register for the webinar here.
According to the Brazilian Food Processors' Association (ABIA), the country's food processing sector registered revenues of R$922.6 billion (US$171 billion) in 2021, an increase of 16.9 percent compared to 2020. When it comes to food ingredients, Brazil is highly dependent on international suppliers to meet its demand. Ingredients with high added value continue to present good opportunities for U.S. companies. Brazilian food manufacturers and ingredients importers constantly look for new suppliers and innovative products. The United States also has opportunities for more technological ingredients to be used in the food industries. For instance: dairy ingredients (whey protein, milk albumin, casein for infant formulas), alternative proteins (pea, soy, rice, and others), fibers (soluble and insoluble), emulsifier & stabilizers, flavors & flavor enhancers, vegetable fats, and frozen fruits. These products require more research and technological efforts to be produced in a way to meet the industry demands. Since the United States has a diverse and robust food ingredients industry, the country can supply food processing companies in Brazil with these innovative products.
U.S. companies interested in joining the U.S. and Brazil Food Ingredients VMS should complete their online application by September 9, 2022. If there are questions, please email email@example.com.