South America Food Sweetener Market - Growth, Trends and Forecast 2017 - 2022

  • ID: 4386828
  • Report
  • Region: America, South America
  • 92 pages
  • Mordor Intelligence
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In 2014 the global market for food sweeteners was valued at USD 84 billion. It is estimated to increase at a CAGR of 4.5% to reach nearly USD 111 billion by 2020.

South America Food Sweetener Market Dynamics

Sugar dictates more than 80% share in this market. The major constraint in the sugar market is the volatility in prices, leading to market fluctuations.

South America Food Sweetener Market Segmentation

The sweetener market is segmented into sugar, high-intensity sweeteners (HIS) and high-fructose corn syrup (HFCS). The market for HIS is expected to reach nearly USD 2.2 billion in 2020 at a CAGR of 5.1%. This 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 is resulting in growth in this category. Although presently, HIS does not constitute a major share of the market, this is the fastest growing segment due to the rising health concerns among people. Aspartame and sucralose are the most famous sweeteners in the HIS segment.

Stevia plant grows naturally in South America, giving stevia extract an upper hand in the natural sweetener market in the region. This has also made stevia a leading natural replacement for sugar and artificial sweeteners, has created jobs globally, and has contributed immensely to Latin America emerging economy. The market is segmented based on applications viz., dairy & frozen products, bakery, beverages, confectionary and others.

Key Players in the South American Food Sweetener Market

The leading players in this segment are Cargill, Kerry Group, Stevia First Corporation, Hermes Sweeteners Ltd, and Tate and Lyle Plc. Companies bringing innovations in the stevia-derived products to meet the consumer demand for non-caloric natural sweeteners.
Note: Product cover images may vary from those shown
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1. Introduction
1.1 Research Methodology
1.2 Market Definition
1.3 Report Description
2. Key Findings
3. Market Overview & Dynamics
3.1 Introduction
3.2 Drivers
3.2.1 Undeveloped cold storage chains in the value chain
3.2.2 Expanding Processed Foods market
3.2.3 Penetration of Organized Retail sector
3.3 Restraints
3.3.1 Consumers demand for Natural Additives
3.3.2 Consumer Demand for Clean label solutions
3.3.3 Regulatory Environment
3.4 Opportunities
3.4.1 Growing demand for Natural Ingredients
3.4.2 Innovations to meet the wellness demand
3.4.3 Wider Acceptance of GSFA for improved International Trade
3.5 Porter Five Forces Analysis
3.5.1 Bargaining power of Suppliers
3.5.2 Bargaining power of Buyers
3.5.3 Degree of Competition
3.5.4 Threat of Substitution
3.5.5 Threat of new entrants
4. Market Segmentation
4.1 By Type
4.1.1 Bulk Sweeteners Sucrose Fructose Lactose High Fructose Corn Syrup (HFCS) Others
4.1.2 Sugar Substitutes Sucralose Xylitol Stevia Aspartame Saccharine Others
4.2 By Application
4.2.1 Dairy & Frozen products
4.2.2 Bakery
4.2.3 Beverages
4.2.4 Meat and seafood products
4.2.5 Confectionary
4.2.6 Others
5. Competitive Landscape Overview
5.1 Market Share Analysis
5.2 Strategies by leading players
5.3 New Product Developments &Other Innovations
6. Company Profiles
6.1 Cargill Inc
6.2 Kerry Group
6.3 Corbion Purac
6.4 Stevia First Corporation
6.5 Hermes Sweetners Ltd
6.6 Tate & Lyle Plc
6.7 Archer Daniels Midland (ADM)
6.8 Celanese Corporation
6.9 Corn Products International
6.10 Danisco
6.11 JK Sucralose Inc
6.12 Fraken Biochem
6.13 Associated British Foods
6.14 DSM
6.15 BASF SA
6.16 Australian Stevia Mills
7. Appendix
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Note: Product cover images may vary from those shown