Market Trends of Argentina Food Sweetener Industry
Glucose is the Fastest-growing Bulk Sweetener Type
Glucose, also called dextrose is a simple sugar found naturally in foods such as fruits and honey. It is also derived from plants, like corn, for use as a sweetener in foods. According to the Sugar Association, dextrose is crystalline glucose, and most dextrose used in food is derived from cornstarch.
The growing applications of glucose or dextrose in the end-use market are the primary drivers of its demand. The most common application of glucose is bakery & confectionery, chocolate, beverages, and various others. Its growth and usage across the food and beverage industry are promoted by associated desirable properties in applications like moisture retention, bulking, taste enhancement, and others. According to the FAOSTAT, in 2020, Argentina had a 39.2 kg per capita sugar intake. This represents an increase of 2.92% from the previous year. Regarding the interest rate on sugar consumption per capita, Argentina is rated 20th among 161 countries.
Argentina's Sugar Confectionery Sector is Growing With New Opportunities
Consumers' desire for healthier snacking, as well as taste and sensory benefits, is growing, which has led to the popularity of organic snacks and sugar chocolate products. Chocolate Applications is ideal for polyol sweetener which allows up to a 30% calorie reduction in chocolate. It has a high gloss, excellent spring and melt properties, and a pleasant cooling effect. Chocolate has the highest per capita consumption of any confectionery product across the world.
Organic products are becoming increasingly popular among consumers, creating numerous opportunities in the industry. In the country, the organic chocolate segment is expanding and gaining popularity among consumers. According to Organización Internacional Agropecuaria S.A. (OIA), 76% of Argentina's population consider organic food better for the environment. Moreover, Argentines are interested in the fact that pastry, bakery, and chocolate products are becoming more associated with "plant-based" diets and are produced in accordance with sustainability standards. As a result, consumer inclination toward organic product consumption like chocolate and candies can drive the market for food sweeteners in the country.
