Market by Product, Application, and Country | Forecast 2021-2028
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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VIEW REPORT1. 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
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)
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)