Market Size of Brazil Food Sweetener Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 0.99 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Brazil Food Sweetener Market Analysis
Brazil's Food Sweetener Market is projected to grow at a CAGR of 0.99% over the forecast period.
Brazil is 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 changing consumer preference drives the demand for healthier and safer food products with high nutritional value. The increased consumption of sugar alternatives in the industry contributes to the increased demand for sweeteners such as tapioca among food and drink manufacturers. Tapioca syrup is nutrition-rich, gluten-free, and free of contaminants and genetically engineered components.
Brazil's stevia growth is due to increased awareness and usage of dietary foods. Another primary driver is the growing population of overweight, obese, and diabetic patients, causing growth in this category. The inclination toward low-calorie beverages, such as diet coke and low-calorie drinks, and low-calorie foods, such as yogurt, ice cream, and grain-based desserts, has gained popularity in Brazil. Also, with the changing regulatory environment and permission for using sweeteners in dairy products, biscuits, and confectionery, the artificial sweeteners segment is witnessing high growth.
