The Latin America Sugar Substitutes Market has been estimated at USD 1.50 Billion in 2021 and is projected to reach USD 1.95 Billion by 2026, at a CAGR of 5.40% during the forecast period from 2021 to 2026.
Food additives that resemble the taste of sugar are known as sugar substitutes. The food & beverage industry is increasingly replacing sugar or corn syrup with other sugar substitutes in a range of products traditionally containing sugar.
The market for sugar substitutes is mainly increasing due to rise in health problems related to sugar consumption, increasing awareness and preference for low-caloric food and beverage products, and increase in population and disposable income. But, the market growth can be constrained due to stringent regulatory framework regarding consumption of sugar substitutes which is triggering health problems.
Latin America market for Sugar Substitutes is segmented based on type, composition, and application. By type, the market is further sub-segmented into high-intensity sweeteners, low-intensity sweeteners, high-fructose syrups. By composition, the market is further sub-segmented into Stevia, Aspartame, Cyclamate, Sucralose, Saccharin, AceK, D-Tagarose, Sorbitol, Maltitol, Xylitol. By application, the market is further sub-segmented into heath & personal care, beverages, food (confectionery, bakery, dairy, and frozen foods). High-intensity sweeteners account for a highest market share and is expected to grow at a CAGR. Its attributes such as cost reduction and appropriate blending with food & beverages to enhance the taste are anticipated to propel the demand in near future. Food segment has the fastest growth, owing to increasing awareness and changing consumer patterns for low-calorie food products.
Geographically the Latin America Sugar Substitutes Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. The market in Latin America is proceeding with high CAGR due to increasing penetration of globally acclaimed companies to the untapped markets of this region.
Key Players in the Market:
Major Key Players in the Latin America Sugar Substitutes Market are
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Type
5.1.1 High-intensity sweeteners
5.1.2 Low-intensity sweeteners
5.1.3 High-fructose syrups
5.2 By Composition
5.2.1 Stevia
5.2.2 Aspartame
5.2.3 Cyclamate
5.2.4 Sucralose
5.2.5 Saccharin
5.2.6 AceK
5.2.7 D-Tagarose
5.2.8 Sorbitol
5.2.9 Maltitol
5.2.10 Xylitol
5.3 By Application
5.3.1 Health & Personal Care
5.3.2 Beverages
5.3.3 Food
5.3.3.1 Confectionery
5.3.3.2 Bakery
5.3.3.3 Dairy
5.3.3.4 Frozen foods
6. Geographical Analysis
6.1 Introduction
6.2 Brazil
6.3 Mexico
6.4 Rest of Latin America
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Cargill Incorporated
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Tate & Lyle PLC
8.3 E. I. du Pont de Nemours and Company
8.4 Roquette Freres S.A.
8.5 PureCircle Ltd.
8.6 Ajinomoto Co. Inc.
8.7 Archer Daniels Midland Company
8.8 MacAndrews & Forbes Incorporated
8.9 Ingredion Incorporation
8.10 JK Sucralose Incorporation
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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Apr 2021
