In 2024, Brazil’s gross domestic product (GDP) reached US$2.13 trillion, growing by 3.4 percent over the previous year. Brazil is a geographically large country with a substantial population, the potential for a vast domestic market and abundant natural resources. With these circumstances, long-term investment is likely to appeal to both local and international firms, which can capitalize on the nation’s resources and demographic advantages to meet the demands of an emerging economy within a relatively stable macroeconomic environment.
According to the Brazilian Food Processors’ Association (ABIA), Brazil’s food processing sector reached revenues of R$233 billion in 2024.
Source: USDA
