Market Snapshot
| Study Period: | 2016 - 2026 |
| Base Year: | 2021 |
| CAGR: | 5.27 % |
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Market Overview
The Mexican Food Sweetener Market is projected to grow at a CAGR of 5.27% during the forecast period.
- Increased demand for natural non-caloric sweeteners and the high demand for sweeteners in various applications, such as processed food and beverages from emerging economies, are the major factors driving the market growth.
- However, an increase in the awareness about the negative effect of sugar on consumer's health is likely to hinder the market growth, thereby, providing more opportunities for low-calorie sweeteners, especially in bakery, beverage, and dairy products.
Scope of the report
The Mexican food sweetener market is segmented by type that includes bulk sweeteners and sugar substitutes. The bulk sweeteners section is further divided into sucrose, fructose, high-fructose corn syrup, glucose, and other bulk sweeteners. Sugar substitutes can be further segmented into sucralose, xylitol, stevia, aspartame, saccharin, thaumatin, and other sugar substitutes. Based on the application, the market is divided into bakery, confectionery, beverages, dairy and frozen products, sauces, soups, and dressings, and other applications.
| By Product Type | |||||||||
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| By Application | |
| Bakery | |
| Confectionery | |
| Dairy and Frozen Products | |
| Beverages | |
| Sauces, Soups and Dressings | |
| Other Applications |
Key Market Trends
Rising Trend of Clean Label Ingredients
Consumers demand clean labels on products to gain knowledge about the product that they are about to consume. The inclination toward identifying the ingredients present in the food and beverage has fueled the growth of the clean label ingredients market. Consumers are ready to pay a premium price for naturally sourced ingredients. Growing health-consciousness among the consumers has led them to grow cautious over the high consumption of sugar. Sugar can be replaced or is claimed to be replaced by healthier clean-sounding alternatives, such as stevia.
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Major Application of Sweeteners in Beverages
There is a high demand for sweeteners from the beverage industry, and aspartame and sucralose are some of the popular sweeteners that are used as sugar substitutes in soft drinks, especially in carbonated beverages. Moreover, the amount of sugar can also be reduced without changing the taste and appearance, thereby, encouraging beverage manufacturers to substitute sugar with low-calorie sweeteners. The reduced cost of production and better economy of scale are also fueling the growth of sweeteners. New product innovations, such as beverages with the incorporation of stevia, are also attracting the attention of consumers who are seeking natural ingredients in their products.
Competitive Landscape
The Mexican food sweetener market is highly competitive and fragmented, with the presence of several players. The key players are adopting strategies, such as partnerships, expansion, mergers and acquisitions, and new product launches to strengthen the position in the market. The players dominating the market are Cargill, Tate & Lyle, Ingredion Incorporated, DuPont, and Archer Daniels Midland Company.
Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions and Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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3.1 Market Overview
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product Type
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5.1.1 Bulk Sweeteners
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5.1.1.1 Sucrose
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5.1.1.2 Fructose
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5.1.1.3 High-fructose Corn Syrup
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5.1.1.4 Glucose
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5.1.1.5 Other Bulk Sweeteners
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5.1.2 Sugar Substitutes
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5.1.2.1 Sucralose
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5.1.2.2 Xylitol
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5.1.2.3 Stevia
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5.1.2.4 Aspartame
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5.1.2.5 Saccharin
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5.1.2.6 Thaumatin
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5.1.2.7 Other Sugar Substitutes
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5.2 By Application
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5.2.1 Bakery
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5.2.2 Confectionery
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5.2.3 Dairy and Frozen Products
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5.2.4 Beverages
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5.2.5 Sauces, Soups and Dressings
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5.2.6 Other Applications
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Cargill Incorporated
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6.4.2 Ingredion Incorporated
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6.4.3 DuPont de Nemours Inc.
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6.4.4 PureCircle Limited
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6.4.5 Tate & Lyle PLC
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6.4.6 GLG Life Tech Corporation
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6.4.7 Archer Daniels Midland Company
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Mexico Food Sweetener Market market is studied from 2016 - 2026.
What is the growth rate of Mexico Food Sweetener Market?
The Mexico Food Sweetener Market is growing at a CAGR of 5.27% over the next 5 years.
Who are the key players in Mexico Food Sweetener Market?
Cargill, Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, DuPont de Nemours, Inc, Tate & Lyle PLC are the major companies operating in Mexico Food Sweetener Market.
