South America Sugar Substitutes Market Size
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.23 % |
Market Concentration | Low |
South America Sugar Substitutes Market Analysis
South America sugar substitute market is expected to grow at a CAGR of 3.23%, during the forecast period.
- Thefood processing market is now shifting toward less or no-sugar in their product formulations in the light of growing scientific evidence linking excessive sugar consumption with degenerative and lifestyle diseases.
- The growing awareness towards health and fitness mainly among the youth and health-conscious population and the awareness given by the government and other health agencies regarding healthy dietary habits are driving the market.
- Another major driving factor of the market is the increasing number of people affected
by obesity and diabetes.
South America Sugar Substitutes Market Trends
This section covers the major market trends shaping the South America Sugar Substitutes Market according to our research experts:
Increasing Lifestyle-associated Diseases With Consumption Of Sugar Are Driving The Market
The consumption of added sugars has been associated with increased risk of a variety of chronic diseases including obesity, cardiovascular disease, diabetes and non-alcoholic fatty liver disease (NAFLD), as well as cognitive decline and even cancer. It has been a well-established fact that sugars and all fermentable carbohydrates contribute to the multi-factorial etiology of tooth decay. A report from the joint WHO/FAO expert consultation states that dental caries is preventable by limiting the frequency and amount of consumption of sugars. WHO’s Department of Nutrition for Health provide solid evidence that keeping intake of free sugars to less than 10% of the total energy intake, reduces the risk of being overweight, obesity and tooth decay.
Brazil is a Major Market in South America
Brazil is the largest producer and exporter of sugar. High levels of sweetener consumption along with the country's economic conditions are driving the market. The increasing health issues such as obesity, diabetes, etc. attracts people towards consuming low-calorie foods and beverages which will gradually lead to the growth in the sugar substitute market. The beverage industry has a major application with the sugar substitutes followed by bakery and confectionary. Brazil market has also witnessed a surplus growth in the sales of stevia-based beverages which are expected to affect the growth of the sugar substitute market. According to a recent decree passed by the President of the Republic of Brazil in 2016, Beverage manufacturers can now use a combination of stevia and sugar, which will boost the market.
South America Sugar Substitutes Industry Overview
South American Sugar Substitute Market is a fragmented market with the presence of various major and local players.Marked by the changing needs of the consumers for nutrition enabled products (which addresses health problems like diabetes), natural ingredient-based products are experiencing increased demand. few of those global players who held a prominent share in the South American market include Tate& Lyle, Cargill Inc., Ingredion,
South America Sugar Substitutes Market Leaders
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Tate & Lyle
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Cargill
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Ingredion
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PureCircle
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GLG LIFE TECH CORP.
*Disclaimer: Major Players sorted in no particular order
South America Sugar Substitutes Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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3.1 Market Overview
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product Type
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5.1.1 Sucralose
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5.1.2 Ace-K
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5.1.3 Stevia
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5.1.4 Aspartame
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5.1.5 Saccharine
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5.1.6 Others
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5.2 By Application
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5.2.1 Dairy
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5.2.2 Bakery
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5.2.3 Soups, Sauces and Dressings
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5.2.4 Confectionery
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5.2.5 Beverages
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5.2.6 Others
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5.3 South America
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5.3.1 Brazil
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5.3.2 Argentina
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5.3.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Tate & Lyle PLC
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6.4.2 Cargill Incorporated
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6.4.3 Ingredion Incorporated
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6.4.4 PureCircle Limited
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6.4.5 NutraSweet Company
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6.4.6 Tereos S.A.
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6.4.7 GLG Life Tech Corporation
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6.4.8 *List is not Exhaustive
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America Sugar Substitutes Industry Segmentation
South America sugar substitute market is segmented by type into Sucralose, Ace-K, Aspartame, Stevia, Saccharine, and Others. By Application, the market is segmented into Dairy and Frozen Products, Bakery, Beverages, Confectionery, Other. Regional analysis of the market is also included in the report.
By Product Type | |
Sucralose | |
Ace-K | |
Stevia | |
Aspartame | |
Saccharine | |
Others |
By Application | |
Dairy | |
Bakery | |
Soups, Sauces and Dressings | |
Confectionery | |
Beverages | |
Others |
South America | |
Brazil | |
Argentina | |
Rest of South America |
South America Sugar Substitutes Market Research FAQs
What is the current South America Sugar Substitutes Market size?
The South America Sugar Substitutes Market is projected to register a CAGR of 3.23% during the forecast period (2024-2029)
Who are the key players in South America Sugar Substitutes Market?
Tate & Lyle, Cargill, Ingredion, PureCircle and GLG LIFE TECH CORP. are the major companies operating in the South America Sugar Substitutes Market.
What years does this South America Sugar Substitutes Market cover?
The report covers the South America Sugar Substitutes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Sugar Substitutes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Sugar Substitutes Industry Report
Statistics for the 2024 South America Sugar Substitutes market share, size and revenue growth rate, created by ÌÇÐÄvlog´«Ã½â„¢ Industry Reports. South America Sugar Substitutes analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.