According to the report “Latin America Sugar Substitutes market”, published by Market Data Forecast, the Latin America market projected to reach USD 1.76 billion by 2021, at a CGSR of 5.40% from 2016 to 2021.

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Food additives that similar to the taste of sugar are known as sugar substitutes.   The food & beverage industry is increasingly replacing corn syrup or sugar with other sugar substitutes in a range of products traditionally containing sugar.

The market for sugar substitutes is mainly increasing due to increasing awareness and preference for low-caloric food, rise in health problems related to sugar consumption, and beverage products, and grow in population and disposable income. But, the market growth can be hampered due to stringent regulatory framework regarding consumption of sugar substitutes which is triggering health problems.

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The Latin America Sugar Substitutes market is segmented as following:

Based on Type:                        

• High-intensity sweeteners
• Low-intensity sweeteners
• High-fructose syrups          

Based on Composition:                        

• Stevia        
• Aspartame              
• Cyclamate
• Sucralose 
• Saccharin 
• AceK          
• D-Tagarose             
• Sorbitol    
• Maltitol    
• Xylitol     

Based on Application:                           

• Health & Personal Care      
• Beverages
• Food          
• Confectionery
• Bakery
• Dairy
• Frozen foods

The key players in Latin America Sugar Substitutes market are Ajinomoto Co. Inc., Archer Daniels Midland Company, Cargill Incorporated, MacAndrews & Forbes Incorporated, E. I. du Pont de Nemours and Company, PureCircle Ltd., Ingredion Incorporation, Tate & Lyle PLC, Roquette Freres S.A., and JK Sucralose Incorporation.

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