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Argentina Food Sweetener Market Size (2024 - 2029)

The Argentina food sweetener market is experiencing growth driven by increased investments in the food and beverage industry, which heavily relies on sweeteners. This market expansion is supported by the rising economic growth and the burgeoning middle-class population, leading to higher consumption of both premium and traditional food products. Additionally, there is a notable shift towards health and wellness packaged foods, particularly those incorporating natural sweeteners, which is contributing to the market's development. The bakery sector, in particular, is witnessing significant growth due to consumer demand for high-quality, healthy, and value-driven products, further influencing the market size.

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Market Size of Argentina Food Sweetener Industry

Argentina Food Sweetener Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.11 %
Market Concentration Low

Major Players

Argentina Food Sweetener Market Major Players

*Disclaimer: Major Players sorted in no particular order

Argentina Food Sweetener Market Analysis

Argentina's Food Sweetener is witnessing a CAGR of 6.11% during the forecast period.

Argentina's food sweetener market is driven by increasing investments in the F&B industry since these products use a high amount of sweeteners, natural or artificial sweeteners. The F&B industry accounts for over 70% of the local sugar demand. The steadily increasing economic growth and the rise of the middle-class population and income have pushed the region into economic success, which in turn, has led to a rise in the amount of both high-end and traditional foods consumed. That said, consumers have shifted their interest toward health and wellness packaged foods, which have recorded stronger retail volume sales growth for those covering natural sweeteners as an additive.

Argentina's bakery market is growing at a significant pace as customers are seeking products with higher quality, healthy products that are good in value, and the increasing demand for premium products. The steadily increasing economic growth and growing middle-class population and their income have pushed the region into economic success, which in turn, has led to a rise in the amount of both high-end and traditional foods consumed, which might shape the market growth in the country.

Sugar is one of the essential ingredients in baked goods that assist in the Maillard reaction, thus giving the desirable golden brown appearance. Moreover, it also acts as hygroscopic, as it attracts and holds water molecules agent, thus providing desirable texture as well as mouthfeel. Cakes and biscuits for low energy supply, also aimed at diabetic subjects, can be sweetened with low levels of aspartame in combination with fructose, sorbitol, and xylitol.

Argentina Food Sweetener Industry Segmentation

Food sweeteners are classified as food additives that are used or intended to be used as tabletop sweeteners or to give meals a sweet flavor. 

Argentina's Food Sweetener Market is segmented by Type (Sucrose, Starch Sweeteners, and Sugar Alcohols (Dextrose, High Fructose Corn Syrup, Maltodextrin, Sorbitol, Xylitol, and Others) and High-intensity Sweeteners (Sucralose, Aspartame, Saccharin, Cyclamate, Ace-K, Neotame, Stevia, and Others)) and Application (Dairy, Bakery, Soups, Sauces and Dressings, Confectionery, Beverages, and Other Applications). The report offers the market size and forecasts in value (USD million) for all the above segments.

Product Type
Sucrose (Common Sugar)
Starch Sweeteners and Sugar Alcohols
Dextrose
High Fructose Corn Syrup (HFCS)
Maltodextrin
Sorbitol
Xylitol
Others
High Intensity Sweeteners (HIS)
Sucralose
Aspartame
Saccharin
Cyclamate
Ace-K
Neotame
Stevia
Others
Application
Dairy
Bakery
Soups, Sauces and Dressings
Confectionery
Beverages
Others
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Argentina Food Sweetener Market Size Summary

The food sweetener market in Argentina is experiencing notable growth, driven by increasing investments in the food and beverage industry, which significantly relies on both natural and artificial sweeteners. The sector's expansion is fueled by the rising middle-class population and their growing income, leading to a higher consumption of both high-end and traditional foods. This shift in consumer preferences towards health and wellness-oriented packaged foods has bolstered the demand for natural sweeteners. The bakery market, in particular, is thriving as consumers seek healthier, premium-quality products. The versatility of sweeteners like glucose and dextrose, used extensively in bakery, confectionery, and beverage applications, further propels market growth due to their desirable properties such as moisture retention and taste enhancement.

The Argentine food sweetener market is characterized by fragmentation, with several key players like Cargill, Tate & Lyle, Ingredion, International Flavors & Fragrances Inc., and Archer Daniels Midland Company actively innovating and expanding their product portfolios. These companies are increasingly focusing on natural and clean-label products to cater to the health-conscious consumer base. The market is gradually shifting towards natural sweeteners, aligning with global trends and consumer preferences for organic and sustainable products. Strategic partnerships, such as Ingredion's joint venture with Grupo Arcor, are enhancing the market's competitive landscape by expanding ingredient offerings across Argentina and neighboring countries. The merger of International Flavors & Fragrances with DuPont's Nutrition & Biosciences further strengthens the market's position by integrating advanced research and development capabilities.

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Argentina Food Sweetener Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

    2. 1.2 Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Buyers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products and Services

      5. 1.3.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product Type

      1. 2.1.1 Sucrose (Common Sugar)

      2. 2.1.2 Starch Sweeteners and Sugar Alcohols

        1. 2.1.2.1 Dextrose

        2. 2.1.2.2 High Fructose Corn Syrup (HFCS)

        3. 2.1.2.3 Maltodextrin

        4. 2.1.2.4 Sorbitol

        5. 2.1.2.5 Xylitol

        6. 2.1.2.6 Others

      3. 2.1.3 High Intensity Sweeteners (HIS)

        1. 2.1.3.1 Sucralose

        2. 2.1.3.2 Aspartame

        3. 2.1.3.3 Saccharin

        4. 2.1.3.4 Cyclamate

        5. 2.1.3.5 Ace-K

        6. 2.1.3.6 Neotame

        7. 2.1.3.7 Stevia

        8. 2.1.3.8 Others

    2. 2.2 Application

      1. 2.2.1 Dairy

      2. 2.2.2 Bakery

      3. 2.2.3 Soups, Sauces and Dressings

      4. 2.2.4 Confectionery

      5. 2.2.5 Beverages

      6. 2.2.6 Others

Argentina Food Sweetener Market Size FAQs

The Argentina Food Sweetener Market is projected to register a CAGR of 6.11% during the forecast period (2024-2029)

Cargill, Tate & Lyle, Ingredion, Archer Daniels Midland Company and International Flavors & Fragrances Inc. are the major companies operating in the Argentina Food Sweetener Market.

Argentina Food Sweetener Report Snapshots

Argentina Food Sweetener Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)