South America Sugar Substitute Market - Growth, Trends and Forecasts (2019 - 2024)

Market Overview

South America sugar substitute market is expected to grow at a CAGR of 3.23%, during the forecast period 2019-2024.

• The food processing market is now shifting toward less or no-sugar in their product formulations in the light of growing scientific evidence linking excessive sugar consumption with degenerative and lifestyle diseases.
• The growing awareness towards health and fitness mainly among the youth and health-conscious population and the awareness given by the government and other health agencies regarding healthy dietary habits are driving the market.
• Another major driving factor of the market is the increasing number of people affected

by obesity and diabetes.

Scope of the Report

South America sugar substitute market is segmented by type into Sucralose, Ace-K, Aspartame, Stevia, Saccharine, and Others. By Application, the market is segmented into Dairy and Frozen Products, Bakery, Beverages, Confectionery, Other. Regional analysis of the market is also included in the report.

Key Market Trends

Increasing Lifestyle Diseases With Consumption Of Sugar Are Driving The Market

The consumption of added sugars has been associated with increased risk of a variety of chronic diseases including obesity, cardiovascular disease, diabetes and non-alcoholic fatty liver disease (NAFLD), as well as cognitive decline and even cancer. It has been a well-established fact that sugars and all fermentable carbohydrates contribute to the multi-factorial etiology of tooth decay. A report from the joint WHO/FAO expert consultation states that dental caries is preventable by limiting the frequency and amount of consumption of sugars. WHO’s Department of Nutrition for Health provide solid evidence that keeping intake of free sugars to less than 10% of the total energy intake, reduces the risk of being overweight, obesity and tooth decay.

Brazil is a Major Market in South America

Brazil is the largest producer and exporter of sugar. High levels of sweetener consumption along with the country's economic conditions are driving the market. The increasing health issues such as obesity, diabetes, etc. attracts people towards consuming low-calorie foods and beverages which will gradually lead to the growth in the sugar substitute market. The beverage industry has a major application with the sugar substitutes followed by bakery and confectionary. Brazil market has also witnessed a surplus growth in the sales of stevia-based beverages which are expected to affect the growth of the sugar substitute market. According to a recent decree passed by the President of the Republic of Brazil in 2016, Beverage manufacturers can now use a combination of stevia and sugar, which will boost the market.

Competitive Landscape

South American Sugar Substitute Market is a fragmented market with the presence of various major and local players. Marked by the changing needs of the consumers for nutrition enabled products (which addresses health problems like diabetes), natural ingredient-based products are experiencing increased demand. few of those global players who held a prominent share in the South American market include Tate& Lyle, Cargill Inc., Ingredion,


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