Market Size of South America Food Sweetener Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 1.66 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America Food Sweetener Market Analysis
The South America Food Sweetener Market is projected to grow at a CAGR of 1.66% during the forecast period.
- The steadily increasing economic growth and rise of the middle-class population and income have pushed the region into economic success and thus leading to the rise in consumption of both traditional and convenience foods.
- The quest to reduce calories has made manufacturers look for sucrose replacement with a variety of substitutes. Presently, a majority of their product offerings are sweetened with bulk sweeteners or sugar substitutes.
- Sweeteners are now becoming an important part of several products such as ketchup, bread, salad dressing, yogurt, breakfast cereals.
South America Food Sweetener Industry Segmentation
The South America Food Sweetener Market is segmented by type that includes bulk sweeteners and sugar substitutes. Bulk sweeteners section is further divided into sucrose, fructose, high-fructose corn syrup, glucose, and other bulk sweeteners. Sugar substitutes can be further segmented into sucralose, xylitol, stevia, aspartame, saccharin, thaumatin, and other sugar substitutes. Based on the application, the market is divided into bakery, confectionery, beverages, dairy and frozen products, sauces, soups, and dressings and others. The study also involves the analysis of regions such as Brazil, Argentina and the rest of South America.
| By Product Type | |||||||||
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| By Application | |
| Bakery | |
| Confectionery | |
| Dairy and Frozen Products | |
| Beverages | |
| Sauces, Soups and Dressings | |
| Others |
| Geography | |
| Brazil | |
| Argentina | |
| Rest of South America |
South America Food Sweetener Market Size Summary
The South America Food Sweetener Market is experiencing a steady growth trajectory, driven by economic development and an expanding middle-class population with increasing disposable incomes. This economic uplift has led to a higher consumption of both traditional and convenience foods, prompting manufacturers to seek alternatives to sucrose to meet consumer demand for lower-calorie options. As a result, sweeteners have become integral to a wide range of products, including ketchup, bread, salad dressings, yogurt, and breakfast cereals. These substitutes not only provide sweetness but also play crucial roles in food texture, appearance, and preservation, making them essential in the production of baked goods and other food items.
Brazil stands out as a significant player in the market, being the largest producer and exporter of sugar globally. The country's economic growth and high sweetener consumption make it a lucrative market for sweetener products. The increasing awareness and use of dietary foods, particularly stevia, are contributing to market expansion. Additionally, the rising prevalence of overweight, obesity, and diabetes is driving demand for sweeteners in various food categories, including sweet biscuits, beverages, snack bars, and fruit snacks. The market is characterized by fragmentation, with key players like Cargill, Tate & Lyle, Ingredion Incorporated, and DSM leading the way through strategies such as acquisitions, new product launches, and partnerships to enhance their market presence.
South America Food Sweetener Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Bulk Sweeteners
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2.1.1.1 Sucrose
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2.1.1.2 Fructose
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2.1.1.3 High-Fructose Corn Syrup
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2.1.1.4 Glucose
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2.1.1.5 Other Bulk Sweeteners
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2.1.2 Sugar Substitutes
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2.1.2.1 Sucralose
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2.1.2.2 Xylitol
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2.1.2.3 Stevia
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2.1.2.4 Aspartame
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2.1.2.5 Saccharin
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2.1.2.6 Thaumatin
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2.1.2.7 Other Sugar Substitutes
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2.2 By Application
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2.2.1 Bakery
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2.2.2 Confectionery
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2.2.3 Dairy and Frozen Products
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2.2.4 Beverages
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2.2.5 Sauces, Soups and Dressings
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2.2.6 Others
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2.3 Geography
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2.3.1 Brazil
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2.3.2 Argentina
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2.3.3 Rest of South America
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South America Food Sweetener Market Size FAQs
What is the current South America Food Sweetener Market size?
The South America Food Sweetener Market is projected to register a CAGR of 1.66% during the forecast period (2024-2029)
Who are the key players in South America Food Sweetener Market?
Cargill Incorporated, Tate & Lyle PLC, Ingredion Incorporated, Koninklijke DSM N.V. and PureCircle Limited are the major companies operating in the South America Food Sweetener Market.
