Market Size of Argentina Food Sweetener Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.11 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Argentina Food Sweetener Market Analysis
Argentina's Food Sweetener is witnessing a CAGR of 6.11% during the forecast period.
Argentina's food sweetener market is driven by increasing investments in the F&B industry since these products use a high amount of sweeteners, natural or artificial sweeteners. The F&B industry accounts for over 70% of the local sugar demand. The steadily increasing economic growth and the rise of the middle-class population and income have pushed the region into economic success, which in turn, has led to a rise in the amount of both high-end and traditional foods consumed. That said, consumers have shifted their interest toward health and wellness packaged foods, which have recorded stronger retail volume sales growth for those covering natural sweeteners as an additive.
Argentina's bakery market is growing at a significant pace as customers are seeking products with higher quality, healthy products that are good in value, and the increasing demand for premium products. The steadily increasing economic growth and growing middle-class population and their income have pushed the region into economic success, which in turn, has led to a rise in the amount of both high-end and traditional foods consumed, which might shape the market growth in the country.
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, as it attracts and holds water molecules agent, 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.
