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Latin America Natural Sweeteners Market

Latin America Natural Sweeteners Market Size, Share, Trends: By Intensity: High Intensity Sweeteners, Low Intensity Sweeteners; By Type: Stevia, Maple Syrup, Raw Honey, Others; By Application: Food, Beverages, Pharmaceuticals, Others; By Distribution Channel; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Latin America Natural Sweeteners Market Outlook

The Latin America natural sweeteners market reached a value of USD 1.94 billion in 2023 and is expected to grow at a CAGR of 6.8% during 2024-2032 to reach a value of USD 3.49 billion by 2032.

 

The global stevia market is projected to grow at a CAGR of 8.5% between 2021 and 2026 to reach an estimated value of almost USD 849 million by 2026. The growth of the industry was propelled by the increasing demand for zero-calorie products due to the rising health consciousness among the consumers.

 

Latin America Natural Sweeteners Market

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Latin America is the leading natural sweeteners market after the Asia Pacific and Europe regions. It accounts for nearly 9% of the world’s stevia production, thus, contributing to its natural sweeteners industry. Within Latin America, Paraguay is one of the leading stevia producers, accounting for more than three-fourths of the total Latin America stevia market. The other major markets of the region are Argentina and Brazil.

In Latin America, soft drinks lead in stevia application followed by the sports nutrition and dairy segment, respectively. The soft drinks and sports nutrition segments together account for more than half of the stevia applications in the Latin and North America regions. The stevia market in Latin America is being aided by the abundance of raw material available in the region for processing due to the stevia plant’s nativity to Paraguay and Brazil.

 

Properties and Applications

Sweeteners are added to food products to increase their sweetness or palatability and sometimes, to increase the shelf-life of the products to which they are added. They can be natural or artificial based on its production method. They can be obtained from plants or some other natural source like beehives. By intensity, the sweeteners can be categorised as low intensity sweeteners or high intensity sweeteners.

 

Latin America Natural Sweeteners Market

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Their major types are:

Based on application, the market can be further categorised as:

  • Food
  • Beverages
  • Pharmaceuticals 
  • Personal Care
  • Others

Food and beverage are the leading application sectors for the product where it is used in different products, like, candies, soft-drinks, jams, canned foods, etc. The leading distribution channels for the distribution for the product are hypermarkets/supermarkets, convenience stores, retail stores, and online retailers, among others.

The report also analyses the major regional markets in Latin America like Paraguay, Argentina, Brazil, and Colombia, among others.

 

Market Analysis

The Latin America natural sweeteners market is being driven by the growing demand for low-calorie foods and beverages, particularly, soft drinks, where stevia is used as a sugar substitute. With the increase in health concern among the consumers, the use of natural sweeteners to manufacture various packaged food and beverages has increased.

 

Latin America Natural Sweeteners Market

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The rising population afflicted by diseases related to sugar consumption like obesity and diabetes is leading to various government initiatives discouraging people from sugar consumption, which is further aiding the market. The Brazil Health Ministry aims to reduce sugar consumption in several processed food products by 144, 000 tons by 2023. Governments in the region have also included a front-of-pack warning about high sugar, salt, and fat content on various products in countries like Chile, Peru, and Uruguay as a measure to create awareness among people. Other countries in the region may also implement similar techniques to control sugar consumption-related diseases.

The rise in the consumption of sports and energy drink is propelling the industry further. The Latin America and Caribbean region, together, forms a leading market for beverages, accounting for nearly 17.5% of the total market share, globally. The beverage industry in the region generates an annual revenue of USD 17.7 million. The low-calorie sweeteners are becoming popular for use as a flavouring agent in products like cosmetic items and toothpastes, thus, further aiding the growth of the natural sweeteners industry in Latin America. Their use in the pharmaceutical sector has also increased, which will enhance the market growth in the coming years.

 

Competitive Landscape

This report gives a detailed analysis of the following key players in the Latin America natural sweeteners market, covering their competitive landscape, capacity, and recent developments like mergers and acquisitions, capacity expansion, and plant turnarounds:

  • PureCircle 
  • Cargill, Incorporated
  • Archer Daniels Midland Company
  • Ingredion Incorporated
  • Tate & Lyle PLC
  • Others

SWOT analysis, value chain analysis, and Porter’s five forces analysis of the market have been carried out in the report to shed light on the macro and micro aspects of the industry performance, major challenges, and key drivers.

 

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:

  • Intensity
  • Type
  • Application
  • Distribution Channel
  • Region
Breakup by Intensity
  • High Intensity Sweeteners
  • Low Intensity Sweeteners
Breakup by Type
  • Stevia
  • Maple Syrup
  • Raw Honey
  • Molasses
  • Coconut Sugar
  • Others
Breakup by Application
  • Food
  • Beverages
  • Pharmaceuticals
  • Personal Care
  • Others
Breakup by Distribution Channel
  • Hypermarket/Supermarket
  • Convenience Stores
  • Retail Stores
  • Online Retailers
  • Others
Breakup by Region
  • Mexico
  • Brazil
  • Argentina
  • Colombia
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • PureCircle Limited
  • Tate and Lyle Plc
  • Cargill Inc.
  • Archer Daniels Midland Company
  • Ingredion Incorporated
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

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    Snapshot
    6.1    Latin America
7    Opportunities and Challenges in the Market
8    Global Natural Sweeteners Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Natural Sweeteners Historical Market (2018-2023) 
    8.3    Global Natural Sweeteners Market Forecast (2024-2032)
    8.4    Global Natural Sweeteners Market by Region
        8.4.1    North America 
        8.4.2    Europe
        8.4.3    Asia Pacific
        8.4.4    Latin America
        8.4.5    Middle East and Africa
9    Latin America Natural Sweeteners Market Analysis
    9.1    Key Industry Highlights
    9.2    Latin America Natural Sweeteners Historical Market (2018-2023) 
    9.3    Latin America Natural Sweeteners Market Forecast (2024-2032)
    9.4    Latin America Natural Sweeteners Market by Intensity
        9.4.1    High Intensity Sweeteners
            9.4.1.1    Historical Trend (2018-2023)
            9.4.1.2    Forecast Trend (2024-2032)
        9.4.2    Low Intensity Sweeteners
            9.4.2.1    Historical Trend (2018-2023)
            9.4.2.2    Forecast Trend (2024-2032)
    9.5    Latin America Natural Sweeteners Market by Type
        9.5.1    Stevia
            9.5.1.1    Historical Trend (2018-2023)
            9.5.1.2    Forecast Trend (2024-2032)
        9.5.2    Maple Syrup
            9.5.2.1    Historical Trend (2018-2023)
            9.5.2.2    Forecast Trend (2024-2032)
        9.5.3    Raw Honey
            9.5.3.1    Historical Trend (2018-2023)
            9.5.3.2    Forecast Trend (2024-2032)
        9.5.4    Molasses
            9.5.4.1    Historical Trend (2018-2023)
            9.5.4.2    Forecast Trend (2024-2032)
        9.5.5    Coconut Sugar
            9.5.5.1    Historical Trend (2018-2023)
            9.5.5.2    Forecast Trend (2024-2032)
        9.5.6    Others
    9.6    Latin America Natural Sweeteners Market by Application
        9.6.1    Food
            9.6.1.1    Historical Trend (2018-2023)
            9.6.1.2    Forecast Trend (2024-2032)
        9.6.2    Beverages
            9.6.2.1    Historical Trend (2018-2023)
            9.6.2.2    Forecast Trend (2024-2032)
        9.6.3    Pharmaceuticals
            9.6.3.1    Historical Trend (2018-2023)
            9.6.3.2    Forecast Trend (2024-2032)
        9.6.4    Personal Care
            9.6.4.1    Historical Trend (2018-2023)
            9.6.4.2    Forecast Trend (2024-2032)
        9.6.5    Others
    9.7    Latin America Natural Sweeteners Market by Distribution Channel
        9.7.1    Hypermarket/Supermarket
            9.7.1.1    Historical Trend (2018-2023)
            9.7.1.2    Forecast Trend (2024-2032)
        9.7.2    Convenience Stores
            9.7.2.1    Historical Trend (2018-2023)
            9.7.2.2    Forecast Trend (2024-2032)
        9.7.3    Retail Stores 
            9.7.3.1    Historical Trend (2018-2023)
            9.7.3.2    Forecast Trend (2024-2032)
        9.7.4    Online Retailers
            9.7.4.1    Historical Trend (2018-2023)
            9.7.4.2    Forecast Trend (2024-2032)
        9.7.5    Others
    9.8    Latin America Natural Sweeteners Market by Country
        9.8.1    Mexico
        9.8.2    Brazil
        9.8.3    Argentina
        9.8.4    Colombia
        9.8.5    Others
10    Regional Analysis
    10.1    Brazil
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Argentina
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    Colombia
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Mexico
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
11    Market Dynamics
    11.1    SWOT Analysis
        11.1.1    Strengths
        11.1.2    Weaknesses
        11.1.3    Opportunities
        11.1.4    Threats
    11.2    Porter’s Five Forces Analysis
        11.2.1    Supplier’s Power
        11.2.2    Buyer’s Power
        11.2.3    Threat of New Entrants
        11.2.4    Degree of Rivalry
        11.2.5    Threat of Substitutes
    11.3    Key Indicators for Demand
    11.4    Key Indicators for Price
12    Value Chain Analysis
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    PureCircle Limited
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Tate and Lyle Plc
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3     Cargill Inc.
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Archer Daniels Midland Company
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Ingredion Incorporated
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Others
15    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Natural Sweeteners Market: Key Industry Highlights, 2018 and 2032
2.    Latin America Natural Sweeteners Market: Key Industry Highlights, 2018 and 2032
3.    Latin America Natural Sweeteners Historical Market: Breakup by Intensity (USD Million), 2018-2023
4.    Latin America Natural Sweeteners Market Forecast: Breakup by Intensity (USD Million), 2024-2032
5.    Latin America Natural Sweeteners Historical Market: Breakup by Type (USD Million), 2018-2023
6.    Latin America Natural Sweeteners Market Forecast: Breakup by Type (USD Million), 2024-2032
7.    Latin America Natural Sweeteners Historical Market: Breakup by Application (USD Million), 2018-2023
8.    Latin America Natural Sweeteners Market Forecast: Breakup by Application (USD Million), 2024-2032
9.    Latin America Natural Sweeteners Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
10.    Latin America Natural Sweeteners Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
11.    Latin America Natural Sweeteners Historical Market: Breakup by Country (USD Million), 2018-2023
12.    Latin America Natural Sweeteners Market Forecast: Breakup by Country (USD Million), 2024-2032
13.    Latin America Natural Sweeteners Market Structure

Key Questions Answered in the Report

In 2023, the market attained a value of nearly USD 1.94 billion.

The market is projected to grow at a CAGR of 6.8% between 2024 and 2032.

The market is estimated to grow in the forecast period of 2024-2032 to reach about USD 3.49 billion by 2032. 

The major drivers of the market include the rising population, the growing food and beverage sector, and increasing demand for zero-calorie products.

The growing health consciousness among consumers and the introduction of government regulations for the reduction of sugar consumption are the key trends propelling the growth of the market.

The major countries in the market in Latin America include Mexico, Argentina, Brazil, and Colombia, among others.

The various intensities of natural sweeteners considered in the market report are high intensity sweeteners and low intensity sweeteners.

Stevia, maple syrup, raw honey, molasses, and coconut sugar, among others, are the major types of natural sweeteners.

The significant applications of natural sweeteners include food, beverages, pharmaceuticals, and personal care, among others.

The several distribution channels in the market are hypermarkets/supermarkets, convenience stores, retail stores, and online retailers, among others.

The key market players include PureCircle Limited, Tate and Lyle Plc, Cargill Inc., Archer Daniels Midland Company, and Ingredion Incorporated, among others.

Analyst Review

The Latin America natural sweeteners market attained a value of USD 1.94 billion in 2023. Aided by the increasing population afflicted by diseases related to sugar consumption, the market is expected to witness a significant growth in the forecast period of 2024-2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its intensity, the natural sweetener industry can be segmented into low intensity sweeteners and high intensity sweeteners. The classification based on type are stevia, maple syrup, raw honey, molasses, and coconut sugar, among others. On the basis of applications, the industry is divided into food, beverages, pharmaceuticals, and personal care among others. The major regional markets for Latin America natural sweetener are Paraguay, Argentina, Brazil, and Colombia, among others. The key players in the above market include PureCircle, Cargill, Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, and Tate & Lyle PLC, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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