LATIN AMERICA ALTERNATIVE SWEETENERS MARKET 2021-2028

Consumer Goods & Services | Food & Beverages

LATIN AMERICA ALTERNATIVE SWEETENERS MARKET 2021-2028

Market by Product, Application, and Country | Forecast 2021-2028

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Triton’s report alludes that the alternative sweeteners market in Latin America is probable to witness progress at a CAGR of 3.53% through the considered period 2021-2028.

The countries scrutinized in this market include:

•        Brazil

•        Mexico

•        Rest of Latin America

The region’s market is primarily motivated by the growing use of alternative sweeteners in bakery, confectioneries, dairy, and frozen food products. Moreover, the demand for cakes and chocolates containing alternative sweeteners is anticipated to gain significant traction in the region over the next few years. Besides, the imposition of a sugar tax has led to a higher demand for alternative sweeteners in soft drinks across Latin America.

Furthermore, the growing demand for high-intensity sweeteners is because of the abundance of natural resources. Along with this, the fluctuating prices of sugar have created growth opportunities for manufacturers of high-intensity sweeteners. Among several alternative sweeteners, stevia has gained substantial traction in the region’s nations. Therefore, these factors are anticipated to drive the progression of the alternative sweeteners market.

In Brazil, the market’s growth can be attributed to the rise in awareness pertaining to dietary food products. Also, the growing obese and diabetic population is another factor supporting the studied market’s growth. Further, stevia has been gaining consumer interest in the country. Here, beverage manufacturers are using stevia and sugar as per a decree authorized by the government. Hence, the growing health concerns, along with the growth of stevia as an alternative, are fueling the evolution of Brazil’s alternative sweeteners market.

Tate & Lyle Plc is a producer of functional ingredients. Its product portfolio includes sweeteners, health, and other products. The company also offers crystalline fructose, sucralose, fruit extracts, artificial sweetener, and corn syrup, among others. Additionally, its products are offered to various industries, including food & beverage, pharmaceutical, personal care, and others. Tate & Lyle have operations across numerous regions, including Latin America.

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Table of Content

1. LATIN AMERICA ALTERNATIVE SWEETENERS MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON ALTERNATIVE SWEETENERS MARKET

2.2. KEY INSIGHTS

2.2.1. INCREASE IN DEMAND FOR HIGH-INTENSITY SWEETENER AS A SUGAR SUBSTITUTE

2.2.2. USAGE OF SWEETENERS IN FOOD

2.2.3. RISING SIGNIFICANCE OF PRODUCT LABELLING

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTE

2.3.3. BARGAINING POWER OF SUPPLIERS

2.3.4. BARGAINING POWER OF BUYERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. KEY MARKET STRATEGIES

2.6.1. ACQUISITIONS

2.6.2. PRODUCT LAUNCHES

2.6.3. PARTNERSHIPS & AGREEMENTS

2.6.4. BUSINESS EXPANSIONS

2.7. MARKET DRIVERS

2.7.1. INCREASING INCIDENCE OF DIABETES

2.7.2. DEMAND FOR LOW-CALORIE SWEETENERS

2.8. MARKET RESTRAINTS

2.8.1. HEALTH PROBLEMS DUE TO OVERCONSUMPTION

2.8.2. REGULATIONS ON THE SWEETENERS INDUSTRY

2.8.3. GROWING CHALLENGES FOR FOOD MANUFACTURERS

2.9. MARKET OPPORTUNITIES

2.9.1. AWARENESS REGARDING BENEFITS OF SUGAR ALTERNATIVES

2.9.2. GROWING FOCUS ON ADVERTISING ACTIVITIES BY MAJOR COMPANIES

3. LATIN AMERICA ALTERNATIVE SWEETENERS MARKET OUTLOOK - BY PRODUCT

3.1. HIGH-FRUCTOSE SYRUP

3.2. HIGH-INTENSITY SWEETENER

3.2.1. SACCHARIN

3.2.2. ASPARTAME

3.2.3. ACESULFAME POTASSIUM (ACE-K)

3.2.4. SUCRALOSE

3.2.5. NEOTAME

3.2.6. ADVANTAME

3.2.7. STEVIOL GLYCOSIDES

3.2.8. MONK FRUIT EXTRACT

3.3. LOW-INTENSITY SWEETENER

4. LATIN AMERICA ALTERNATIVE SWEETENERS MARKET OUTLOOK - BY APPLICATION

4.1. FOOD

4.2. BEVERAGE

4.3. OTHER APPLICATIONS

5. LATIN AMERICA ALTERNATIVE SWEETENERS MARKET – REGIONAL OUTLOOK

5.1. BRAZIL

5.2. MEXICO

5.3. REST OF LATIN AMERICA

6. COMPETITIVE LANDSCAPE

6.1. AJINOMOTO CO INC

6.2. ASSOCIATED BRITISH FOODS

6.3. ARCHER DANIELS MIDLAND

6.4. BATORY FOODS

6.5. CARGILL INC

6.6. CELANESE CORPORATION

6.7. DUPONT NUTRITION & HEALTH

6.8. GLG LIFE TECH CORPORATION

6.9. HYET SWEET BV

6.10. HEARTLAND FOOD PRODUCTS GROUP

6.11. INGREDION INC

6.12. NATUREX SA

6.13. PURECIRCLE LTD

6.14. ROQUETTE FRERES

6.15. TATE & LYLE PLC

7. METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.2. SOURCES OF DATA

7.3. RESEARCH METHODOLOGY

List of table

TABLE 1: MARKET ATTRACTIVENESS INDEX

TABLE 2: VENDOR SCORECARD

TABLE 3: LIST OF ACQUISITIONS

TABLE 4: LIST OF PRODUCT LAUNCHES

TABLE 5: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 6: LIST OF BUSINESS EXPANSIONS

TABLE 7: LATIN AMERICA ALTERNATIVE SWEETENERS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 8: LATIN AMERICA ALTERNATIVE SWEETENERS MARKET, BY PRODUCT, 2021-2028 (IN $ MILLION)

TABLE 9: LATIN AMERICA ALTERNATIVE SWEETENERS MARKET, BY HIGH-INTENSITY SWEETENER, 2021-2028 (IN $ MILLION)

TABLE 10: LATIN AMERICA ALTERNATIVE SWEETENERS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)

List of Figures

FIGURE 1: PORTER’S FIVE FORCES ANALYSIS

FIGURE 2: LATIN AMERICA ALTERNATIVE SWEETENERS MARKET, BY PRODUCT, 2020 & 2028

FIGURE 3: LATIN AMERICA ALTERNATIVE SWEETENERS MARKET, BY HIGH-FRUCTOSE SYRUP, 2021-2028 (IN $ MILLION)

FIGURE 4: LATIN AMERICA ALTERNATIVE SWEETENERS MARKET, BY HIGH-INTENSITY SWEETENER, 2021-2028 (IN $ MILLION)

FIGURE 5: LATIN AMERICA ALTERNATIVE SWEETENERS MARKET, BY HIGH-INTENSITY SWEETENER, 2020 &

FIGURE 6: LATIN AMERICA ALTERNATIVE SWEETENERS MARKET, BY SACCHARIN, 2021-2028 (IN $ MILLION)

FIGURE 7: LATIN AMERICA ALTERNATIVE SWEETENERS MARKET, BY ASPARTAME, 2021-2028 (IN $ MILLION)

FIGURE 8: LATIN AMERICA ALTERNATIVE SWEETENERS MARKET, BY ACESULFAME POTASSIUM (ACE-K), 2021-2028 (IN $ MILLION)

FIGURE 9: LATIN AMERICA ALTERNATIVE SWEETENERS MARKET, BY SUCRALOSE, 2021-2028 (IN $ MILLION)

FIGURE 10: LATIN AMERICA ALTERNATIVE SWEETENERS MARKET, BY NEOTAME, 2021-2028 (IN $ MILLION)

FIGURE 11: LATIN AMERICA ALTERNATIVE SWEETENERS MARKET, BY ADVANTAME, 2021-2028 (IN $ MILLION)

FIGURE 12: LATIN AMERICA ALTERNATIVE SWEETENERS MARKET, BY STEVIOL GLYCOSIDES, 2021-2028 (IN $ MILLION)

FIGURE 13: LATIN AMERICA ALTERNATIVE SWEETENERS MARKET, BY MONK FRUIT EXTRACT, 2021-2028 (IN $ MILLION)

FIGURE 14: LATIN AMERICA ALTERNATIVE SWEETENERS MARKET, BY LOW-INTENSITY SWEETENER, 2021-2028 (IN $ MILLION)

FIGURE 15: LATIN AMERICA ALTERNATIVE SWEETENERS MARKET, BY APPLICATION, 2020 & 2028

FIGURE 16: LATIN AMERICA ALTERNATIVE SWEETENERS MARKET, BY FOOD, 2021-2028 (IN $ MILLION)

FIGURE 17: LATIN AMERICA ALTERNATIVE SWEETENERS MARKET, BY BEVERAGE, 2021-2028 (IN $ MILLION)

FIGURE 18: LATIN AMERICA ALTERNATIVE SWEETENERS MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)

FIGURE 19: LATIN AMERICA ALTERNATIVE SWEETENERS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 20: BRAZIL ALTERNATIVE SWEETENERS MARKET 2021-2028 (IN $ MILLION)

FIGURE 21: MEXICO ALTERNATIVE SWEETENERS MARKET 2021-2028 (IN $ MILLION)

FIGURE 22: REST OF LATIN AMERICA ALTERNATIVE SWEETENERS MARKET 2021-2028 (IN $ MILLION)

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