Market Size of South America Food Sweetener Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 1.66 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Food Sweetener Market Analysis
The South America Food Sweetener Market is projected to grow at a CAGR of 1.66% during the forecast period.
- The steadily increasing economic growth and rise of the middle-class population and income have pushed the region into economic success and thus leading to the rise in consumption of both traditional and convenience foods.
- The quest to reduce calories has made manufacturers look for sucrose replacement with a variety of substitutes. Presently, a majority of their product offerings are sweetened with bulk sweeteners or sugar substitutes.
- Sweeteners are now becoming an important part of several products such as ketchup, bread, salad dressing, yogurt, breakfast cereals.
