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Latin America Natural Sweeteners Market: By Intensity: High Intensity Sweeteners, Low Intensity Sweeteners; By Type: Stevia, Maple Syrup, Raw Honey, Others; By Application; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Latin America Natural Sweeteners Market Outlook
The Latin America natural sweeteners market was aided by the growth of the stevia market, globally. The global stevia market attained a value of nearly USD 520 million in 2020.
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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 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.
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Their major types are:
- Stevia
- Maple Syrup
- Raw Honey
- Molasses
- Coconut Sugar
- Others
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.
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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.
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 2022. 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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Intensity, Type, Application, Distribution Channel, Country |
| 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 | Hypermarkets/Supermarkets, Convenience Stores, Retail Stores, Online Retailers, Others |
| Breakup by Country | Paraguay, Brazil, Argentina, Colombia, Others |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | PureCircle, Cargill, Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle PLC, 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. |
*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 Snapshot
6.1 Latin America
7 Industry Opportunities and Challenges
8 Global Natural Sweeteners Market Analysis
8.1 Key Industry Highlights
8.2 Global Natural Sweeteners Historical Market (2018-2022)
8.3 Global Natural Sweeteners Market Forecast (2023-2028)
8.4 Global Natural Sweeteners Market by Region
8.4.1 Market Share
8.4.1.1 North America
8.4.1.2 Europe
8.4.1.3 Asia Pacific
8.4.1.4 Latin America
8.4.1.5 Middle East and Africa
9 Latin America Natural Sweeteners Market Analysis
9.1 Key Industry Highlights
9.2 Latin America Natural Sweeteners Historical Market (2018-2022)
9.3 Latin America Natural Sweeteners Market Forecast (2023-2028)
9.4 Latin America Natural Sweeteners Market by Intensity
9.4.1 High Intensity Sweeteners
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2022)
9.4.1.3 Forecast Trend (2023-2028)
9.4.2 Low Intensity Sweeteners
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2022)
9.4.2.3 Forecast Trend (2023-2028)
9.5 Latin America Natural Sweeteners Market by Type
9.5.1 Stevia
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2018-2022)
9.5.1.3 Forecast Trend (2023-2028)
9.5.2 Maple Syrup
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2022)
9.5.2.3 Forecast Trend (2023-2028)
9.5.3 Raw Honey
9.5.3.1 Market Share
9.5.3.2 Historical Trend (2018-2022)
9.5.3.3 Forecast Trend (2023-2028)
9.5.4 Molasses
9.5.4.1 Market Share
9.5.4.2 Historical Trend (2018-2022)
9.5.4.3 Forecast Trend (2023-2028)
9.5.5 Coconut Sugar
9.5.5.1 Market Share
9.5.5.2 Historical Trend (2018-2022)
9.5.5.3 Forecast Trend (2023-2028)
9.5.6 Others
9.6 Latin America Natural Sweeteners Market by Application
9.6.1 Food
9.6.1.1 Market Share
9.6.1.2 Historical Trend (2018-2022)
9.6.1.3 Forecast Trend (2023-2028)
9.6.2 Beverages
9.6.2.1 Market Share
9.6.2.2 Historical Trend (2018-2022)
9.6.2.3 Forecast Trend (2023-2028)
9.6.3 Pharmaceuticals
9.6.3.1 Market Share
9.6.3.2 Historical Trend (2018-2022)
9.6.3.3 Forecast Trend (2023-2028)
9.6.4 Personal Care
9.6.4.1 Market Share
9.6.4.2 Historical Trend (2018-2022)
9.6.4.3 Forecast Trend (2023-2028)
9.6.5 Others
9.7 Latin America Natural Sweeteners Market by Distribution Channel
9.7.1 Hypermarket/Supermarket
9.7.1.1 Market Share
9.7.1.2 Historical Trend (2018-2022)
9.7.1.3 Forecast Trend (2023-2028)
9.7.2 Convenience Stores
9.7.2.1 Market Share
9.7.2.2 Historical Trend (2018-2022)
9.7.2.3 Forecast Trend (2023-2028)
9.7.3 Retail Stores
9.7.3.1 Market Share
9.7.3.2 Historical Trend (2018-2022)
9.7.3.3 Forecast Trend (2023-2028)
9.7.4 Online Retailers
9.7.4.1 Market Share
9.7.4.2 Historical Trend (2018-2022)
9.7.4.3 Forecast Trend (2023-2028)
9.7.5 Others
9.8 Latin America Natural Sweeteners Market by Country
9.8.1 Market Share
9.8.1.1 Mexico
9.8.1.2 Brazil
9.8.1.3 Argentina
9.8.1.4 Colombia
9.8.1.5 Others
10 Regional Analysis
10.1 Brazil
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Argentina
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 Colombia
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Mexico
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
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 Industry Events and Developments
List of Key Figures and Tables
1. Global Natural Sweeteners Market: Key Industry Highlights, 2018 and 2028
2. Latin America Natural Sweeteners Market: Key Industry Highlights, 2018 and 2028
3. Latin America Natural Sweeteners Historical Market: Breakup by Intensity (USD Million), 2018-2022
4. Latin America Natural Sweeteners Market Forecast: Breakup by Intensity (USD Million), 2023-2028
5. Latin America Natural Sweeteners Historical Market: Breakup by Type (USD Million), 2018-2022
6. Latin America Natural Sweeteners Market Forecast: Breakup by Type (USD Million), 2023-2028
7. Latin America Natural Sweeteners Historical Market: Breakup by Application (USD Million), 2018-2022
8. Latin America Natural Sweeteners Market Forecast: Breakup by Application (USD Million), 2023-2028
9. Latin America Natural Sweeteners Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
10. Latin America Natural Sweeteners Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
11. Latin America Natural Sweeteners Historical Market: Breakup by Country (USD Million), 2018-2022
12. Latin America Natural Sweeteners Market Forecast: Breakup by Country (USD Million), 2023-2028
13. Latin America Natural Sweeteners Market Structure
Key Questions Answered in the Report
Latin America natural sweeteners market was aided by the growth of the stevia market, globally. The global stevia market attained a value of nearly USD 520 million in 2020.
The major drivers of the market include rising population, rise in food and beverage industry, increasing demand for zero-calorie products and abundance of raw material.
Growing health consciousness among the consumers and government regulations for reduction of sugar consumption are the key industry trends propelling the growth of the market.
What are the major regional markets of Latin America natural sweetener, according to the EMR report?
The major regions in the industry are Paraguay, Argentina, Brazil, and Colombia, among others.
Low intensity sweeteners and high intensity sweeteners are the intensity types of natural sweetener.
Stevia is the major type of natural sweetener market in Latin America.
The food and beverage are the dominant application segments of natural sweeteners.
The distribution channels are hypermarkets/supermarkets, convenience stores, retail stores, and online retailers, among others.
The major players in the industry are PureCircle, Cargill, Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, and Tate & Lyle PLC, among others.
Analyst Review
The Latin America natural sweeteners market is majorly driven by the rise of stevia market worldwide. The global stevia market attained a value of USD 520 million in 2020. 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 2023-2028.
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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