You are currently viewing Latin America Stevia Market to Bolster Significantly due to the Increasing Trend of Replacing Sugar with Rising Health Concerns During 2023-2028

Latin America Stevia Market to Bolster Significantly due to the Increasing Trend of Replacing Sugar with Rising Health Concerns During 2023-2028

El nuevo estudio de Informes de Expertos titulado ‘Mercado Latinoamericano de Stevia, Informe y Pronóstico 2023-2028′, proporciona un estudio bien definido en el que se analizan los factores que configuran positivamente el mercado. El informe examina además las limitaciones y la amenaza de la rivalidad que se plantea en el mercado, basándose en los modelos de las cinco fuerzas de Porter, junto con el análisis DAFO. Además, según tipo de extracto, aplicación, y las regiones clave, se estudia el mercado según las últimas tendencias y su impacto en los algoritmos del mercado.El estudio ofrece una investigación en profundidad, que abarca los indicadores de precios y los actores del mercado, abordando la dinámica y el panorama del mercado.

The new report by Informes de Expertos titled, ‘Latin America Stevia Market 2023-2028’ , provides a well-defined survey analysing the factors positively shaping the market. The report further examines the constraints and threat of rivalry posed in the market, based on Porter’s Five Forces models, along with SWOT analysis. Furthermore, according to extract type, application, and key regions, the market is studied by the latest trends and their impact on the market algorithms. The study offers in-depth research, encompassing the price indicators and market players, addressing the market dynamics and landscape.

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Los aspectos más destacados del informe son:

Visión General del Mercado (2018-2028)

• CAGR del Periodo de Pronóstico (2023-2028): 5,7%

El mercado latinoamericano de stevia está impulsado por la creciente tendencia a reducir el azúcar en los alimentos y bebidas debido a la creciente incidencia de diabetes tipo 2 y obesidad. Es por eso que muchos actores importantes en la industria de alimentos y bebidas están introduciendo productos con edulcorantes naturales, bajos en calorías, especialmente estevia. La industria está ganando impulso a medida que las regulaciones gubernamentales buscan limitar el consumo de azúcar. Estas medidas incluyen advertencias en el frente de los paquetes de que los productos de los países latinoamericanos son altos en azúcar, sal y grasa. Debido a todas estas razones, el mercado objetivo ganó un valor de USD 122,45 millones en 2021.

La estevia ha encontrado la mayoría de sus usos en el sector de bebidas carbonatadas en América Latina, y la próspera industria de bebidas de la región ha contribuido al crecimiento del mercado latinoamericano de la estevia. La stevia, en particular, ha estimulado la demanda de estevia, y tanto los fabricantes de alimentos como de bebidas han apoyado la innovación y los lanzamientos de productos utilizando la stevia como un edulcorante natural de marca limpia. Una creciente población de clase media en América Latina sigue impulsando el mercado latinoamericano de la estevia, lo que lleva a un mayor consumo de alimentos procesados y bebidas de RTD.

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Industry Definition and Major Segments

Also known as a natural sweetener, stevia derives its sweetness from steviol glycosides, an active compound. It is produced by processing the leaves of Stevia Rebaudiana and can be extracted in a form of power or liquid. This natural sweetener finds wide application across the food and beverage industry, wherein it is consumed in a form of natural and zero-calorie sugar substitute.

On the basis of extract type, the market is segmented into:

• Leaf
• Powder
• Liquid

By applications, the industry is fragmented into:

• Food & Beverage
• Oral Care
• Pharmaceutical
• Tabletop Sweetener
• Other

Key regions covered include:

• Paraguay
• Brazil
• Argentina
• Colombia
• Others

Market Trends

Sugar alcohols such as sorbitol and maltitol have been shown to cause digestive problems. Therefore, sugar is rapidly being replaced by the natural sweetener called stevia in the market to attract a larger consumer base. Furthermore, it is also added to cosmetics and oral care products such as toothpaste and mouthwash. In Latin America, stevia has tremendous popularity as after China, Paraguay grows and produces stevia on thousands of hectares of land. In fact, indigenous peoples of countries like Paraguay know the properties of this plant and used it to sweeten their drinks since the olden days.

Driven by health-enhancing changes, there is a shift in Latin American consumption habits. As a result, companies and manufacturers have expanded stevia’s presence in Latin America with the help of Colombia and Peru’s sweetener suite and production. Stevia made by biotransformation, a process that produces GMO ingredients is capturing the attention of key players across the region. With the increasing number of new product launches in recent years, brands have a distinct opportunity to create healthier and more innovative foods and beverage items by replacing up to 100% sugar with stevia. This makes Latin America one of the most important markets in the world.

Key Market Players

The major players in the market are:

• PureCircle
• Cargill, Incorporated
• Ingredion Incorporated
• Archer Daniels Midland Company
• Tate & Lyle PLC
• Others

This report covers their profiles and provides information on expansions, investments and mergers and acquisitions, among other latest industry developments.

About Us:

Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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Expert Market Research

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