Market Size of South America Sugar Substitutes Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.23 % |
| Market Concentration | Low |
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South America Sugar Substitutes Market Analysis
South America sugar substitute market is expected to grow at a CAGR of 3.23%, during the forecast period.
- Thefood 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.
