South America Food Sweetener Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

South America Food Sweetener Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The South America Food Sweetener Market is projected to grow at a CAGR of 1.66% during the forecast period.

Key Highlights

• The steadily increasing economic growth and rise of the middle-class population and income have pushed the region into economic success and thus leading to the rise in consumption of both traditional and convenience foods.
• The quest to reduce calories has made manufacturers look for sucrose replacement with a variety of substitutes. Presently, a majority of their product offerings are sweetened with bulk sweeteners or sugar substitutes.
• Sweeteners are now becoming an important part of several products such as ketchup, bread, salad dressing, yogurt, breakfast cereals.

Key Market TrendsIncreased Utilization of Sweeteners in Bakery

Sugar is one of the essential ingredients in baked goods that assist in the Maillard reaction, thus giving the desirable golden brown appearance. Moreover, it also acts as hygroscopic material and thus providing desirable texture as well as mouthfeel. Cakes and biscuits for low energy supply, also aimed at diabetic subjects, can be sweetened with low levels of aspartame in combination with fructose, sorbitol, and xylitol. Sweeteners help to maintain the texture and volume of the final product. It also increases the effectiveness of yeast by providing an immediate source of nourishment for its growth. Hence, it helps the product to remain fresh and thus providing the consumers with a good quality product.

Brazil Dominates the Market

Brazil s the world’s largest producer and exporter of sugar. A high level of sweetener consumption, coupled with the emerging economic status of the country, makes it an attractive market destination. The success of the sweetener products can be understood from the recent success of the Brazilian sugar mills. Brazil’s stevia growth is due to increased awareness and usage of dietary foods. Another major driver is the growing population of overweight, obese, and diabetic patients, which in turn causing growth in this category. The manufacturers involved in sweet biscuits, beverages, snack bars, and fruit snacks continued to use sweeteners extensively.

Competitive Landscape

The South America Food Sweetener Market is fragmented and the market is currently dominated by Cargill, Tate and Lyle, Ingredion Incorporated, DSM. Acquisitions, new product launches, partnerships, and expansion are the most preferred growth strategies adopted by the leading companies.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

Cargill Incorporated
Tate & Lyle PLC
Ingredion Incorporated
PureCircle Limited
Tereos S.A.
Koninklijke DSM N.V.
GLG Life Tech Corporation

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