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Argentina Food Sweetener Market Size, Analysis, Forecast: By Product Type: Sucrose (Common Sugar), Starch Sweeteners and Sugar Alcohols, High Intensity Sweeteners (HIS); By Application: Bakery and Confectionery, Dairy and Desserts, Beverages, Meat and Meat Products, Others; Market Dynamics; Competitive Landscape; 2024-2032
Argentina Food Sweetener Market Outlook
The Argentina Food Sweetener market size is expected to grow at a CAGR of 9.80% between 2024 and 2032.
Key Takeaways
- According to Organización Internacional Agropecuaria S.A. (OIA), 76%, of Argentina's population views organic food as beneficial for the environment. There's a growing interest among Argentines in associating pastry, bakery, and chocolate products with plant-based diets and sustainability standards.
- The shift in consumer preference towards organic products, including chocolate and candies, has the potential to boost the market for food sweeteners in the country.
- Additionally, data from the FAOSTAT reveals that Argentina's per capita sugar intake reached 39.2 kg in 2020, marking a 2.92% increase from the previous year. Argentina ranks 20th among 161 countries in terms of sugar consumption per capita.
The food sweetener market in Argentina is propelled by substantial investments in the food and beverage (F&B) industry, where sweeteners, both natural and artificial, play a pivotal role. With the food and beverage sector accounting for over 70% of local sugar demand, the region's economic prosperity, driven by rising middle-class population and income, has spurred consumption of both high-end and traditional foods. Amidst this, there's a discernible shift in consumer preferences towards healthier packaged foods, particularly those incorporating natural sweeteners. The bakery market, in particular, is experiencing significant growth, with consumers seeking high-quality, healthy products at a good value, alongside a rising demand for premium items.
Sugar, a key ingredient in baked goods, not only enhances flavour but also contributes to desirable texture and appearance. As consumer interest in low-calorie options rises, alternatives like aspartame combined with fructose, sorbitol, and xylitol are increasingly used to sweeten products aimed at those seeking low-energy intake, including diabetic individuals. Glucose, derived from plants like corn, is also gaining traction in various food and beverage applications due to its desirable properties such as moisture retention and taste enhancement.
Argentina's per capita sugar intake is on the rise, reflecting a growing interest in low-calorie beverages and foods worldwide. This trend is driving the demand for artificial sweeteners, especially with changing regulatory environments allowing their use in dairy products, biscuits, and confectionery. In this dynamic landscape, the Argentina food sweetener market development caters to consumers' evolving preferences for healthier alternatives to traditional sweeteners. With changing consumer dynamics and a growing emphasis on healthier lifestyles, the market continues to show steady growth, driven by demand for sugar substitutes and evolving consumer tastes.
Market Segmentation
Argentina Food Sweetener Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
| Market Breakup | Categories |
| Product Type | Sucrose (Common Sugar), Starch Sweeteners and Sugar Alcohols, High Intensity Sweeteners (HIS) |
| Application | Bakery and Confectionery, Dairy and Desserts, Beverages, Meat and Meat Products, Soups, Sauces and Dressings, and Others |
Starch sweeteners and sugar alcohols are further divided based on type into dextrose, high fructose corn syrup (HFCS), maltodextrin, sorbitol, xylitol, and others.
High Intensity Sweeteners (HIS) are categorised based on type into sucralose, aspartame, saccharin, neotame, stevia, cyclamate, and ascesulfame potassium (Ace-K), and others.
Competitive Landscape
Key players in the food sweetener in Argentina develop, manufacture, and provide products aiding the end-users to obtain healthy alternatives to traditional sweetners.
- Cargill, Incorporated
- Archer Daniels Midland Company
- Tate & Lyle PLC
- Argentbio
- Glucovil Argentina SA
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Application |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Food Sweetener Market Overview
8.1 Key Industry Highlights
8.2 Latin America Food Sweetener Historical Market (2018-2023)
8.3 Latin America Food Sweetener Market Forecast (2024-2032)
9 Argentina Food Sweetener Market Overview
9.1 Key Industry Highlights
9.2 Argentina Food Sweetener Historical Market (2018-2023)
9.3 Argentina Food Sweetener Market Forecast (2024-2032)
10 Argentina Food Sweetener Market by Product Type
10.1 Sucrose (Common Sugar)
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Starch Sweeteners and Sugar Alcohols
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Type
10.2.3.1 Dextrose
10.2.3.2 High Fructose Corn Syrup (HFCS)
10.2.3.3 Maltodextrin
10.2.3.4 Sorbitol
10.2.3.5 Xylitol
10.2.3.6 Others
10.3 High Intensity Sweeteners (HIS)
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.3.3 Breakup by Type
10.3.3.1 Sucralose
10.3.3.2 Aspartame
10.3.3.3 Saccharin
10.3.3.4 Neotame
10.3.3.5 Stevia
10.3.3.6 Cyclamate
10.3.3.7 Ascesulfame Potassium (Ace-K)
10.3.3.8 Others
11 Argentina Food Sweetener Market by Application
11.1 Bakery and Confectionery
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Dairy and Desserts
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Beverages
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Meat and Meat Products
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Soups, Sauces and Dressings
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Cargill, Incorporated
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Archer Daniels Midland Company
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Tate & Lyle PLC
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Argentbio
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Glucovil Argentina SA
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Food Sweetener Market: Key Industry Highlights, 2018 and 2032
2. Argentina Food Sweetener Market: Key Industry Highlights, 2018 and 2032
3. Argentina Food Sweetener Historical Market: Breakup by Product Type (USD Million), 2018-2023
4. Argentina Food Sweetener Market Forecast: Breakup by Product Type (USD Million), 2024-2032
5. Argentina Food Sweetener Historical Market: Breakup by Application (USD Million), 2018-2023
6. Argentina Food Sweetener Market Forecast: Breakup by Application (USD Million), 2024-2032
7. Argentina Food Sweetener Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 9.80% between 2024 and 2032.
The food sweetener market is categorised according to its application, which includes bakery and confectionery, dairy and desserts, beverages, meat and meat products, soups, sauces and dressings and others.
The key market players are Cargill, Incorporated, Archer Daniels Midland Company, Tate & Lyle PLC, Argentbio, Glucovil Argentina SA, and others.
The market is driven by factors that include increasing investments in food and beverage industry, rising health awareness and benefits of sugar alternatives, among others.
The food sweetener market is categorised according to its product type, which includes sucrose (common sugar), starch sweeteners and sugar alcohols, and high intensity sweeteners (HIS).
In the top stevia importing countries, key players include MINOIL S.A. in Bolivia, SOUTH TRADE MARKETING LIMITADA in Chile, H.E.S. HIGH-END SENSATIONS SOCIEDAD ANON in Costa Rica, VITAFARMA ECUADOR CIA. LTDA. In Ecuador, TOO AFONOLIVA in Kazakhstan, and GLORIA S A in Peru.
China stands as the leading global producer of stevia, accounting for over 90% of the Asia Pacific region's production of this natural sweetener.
Stevia can be 100% plant based depending on the brand and product used.
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