Market Size of Mexico Food Sweetener Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.10 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Mexico Food Sweeteners Market Analysis
The Mexican Food Sweetener Market is projected to witness a CAGR of 2.10% during the forecast period.
The increasing concern regarding the prevalence of obesity is encouraging consumers to opt for natural and zero-calorie sweeteners, such as stevia. Furthermore, the consumption of sugar substitutes, such as xylitol, erythritol, and mannitol, is rapidly increasing across Mexico. This is attributed to consumer awareness, government regulations to reduce sugar consumption, and application in many health and wellness food products in the market. The inclination toward low-calorie sweeteners and low-calorie beverages, such as diet coke and low-calorie drinks, and low-calorie foods, such as yogurt, ice cream, and grain-based desserts, has gained popularity worldwide. The physiology of sweetness receptors is also being studied in greater detail, with an endeavor to make foods and beverages sweet without using sugar.
Increased demand for natural non-caloric sweeteners and the high demand for sweeteners in various applications, such as processed foods and beverages from emerging economies, are the major factors driving the market growth. However, an increase in awareness about the negative effect of sugar on consumers' health is likely to hinder the market growth, thereby providing more opportunities for low-calorie sweeteners, especially in bakery, beverage, and dairy products.
Moreover, to control health issues such as diabetes and obesity, in January 2014, the Mexican government implemented a 10% tax on industrialized sugar-sweetened beverages to curb obesity and diabetes. Similarly, the Mexican government wanted to bring down the calorie count of most foodstuffs to a maximum of 284 calories per kilogram. Therefore, it established a sugar tax of one peso per liter for every product that surpassed this limit. Many drinks and food manufacturers incorporated stevia to comply with this law and avoid the tax. Thus, it increased the demand for sugar alternatives in the country.
Mexico Food Sweeteners Industry Segmentation
A sweetener is a substance that is added to foods or beverages to give them the flavor of sweetness, either because it contains sugar or a sugar replacement with a sweet flavor.
Mexico's Food Sweetener Market is segmented by Type (Bulk Sweeteners (Sucrose, Fructose, High-Fructose Corn Syrup, Glucose, and Other Bulk Sweeteners) and Sugar Substitutes (Sucralose, Xylitol, Stevia, Aspartame, Saccharin, Thaumatin, and Other Sugar Substitutes)) and Application (Bakery, Confectionery, Beverages, Dairy and Frozen Products, Sauces, Soups, and Dressings and Other Applications). The report offers market size and values in (USD Million) during the forecast years for the above segments.
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| Application | |
| Bakery | |
| Confectionery | |
| Dairy and Frozen Products | |
| Beverages | |
| Sauces, Soups and Dressings | |
| Other Applications |
Mexico Food Sweetener Market Size Summary
The Mexican food sweetener market is experiencing a notable shift towards natural and zero-calorie sweeteners, driven by increasing consumer awareness about health issues such as obesity and diabetes. The demand for sugar substitutes like stevia, xylitol, erythritol, and mannitol is on the rise, supported by government regulations aimed at reducing sugar consumption. This trend is further bolstered by the growing popularity of low-calorie foods and beverages, including diet sodas and low-calorie snacks, which are becoming more prevalent in the Mexican market. The focus on clean-label and naturally sourced ingredients is also gaining traction, as consumers seek transparency and healthier alternatives to artificial additives. The market is characterized by a competitive landscape, with key players like Cargill, Tate & Lyle, and Ingredion actively engaging in strategies such as partnerships and product innovations to meet the evolving consumer preferences.
The implementation of a sugar tax in Mexico has significantly influenced the market dynamics, encouraging manufacturers to incorporate sugar alternatives to avoid additional costs. This regulatory environment, coupled with the rising demand for plant-based sweeteners like monk fruit and stevia, is driving the growth of the food sweetener market. The beverage industry, in particular, is a major consumer of sweeteners, with aspartame and sucralose being widely used in soft drinks. The market's expansion is also supported by the increasing popularity of diet beverages among younger and working populations. Companies are investing in innovation centers to develop new products that align with consumer demands for natural and non-GMO ingredients. As a result, the Mexican food sweetener market is poised for continued growth, with a strong emphasis on health-conscious and environmentally friendly solutions.
Mexico Food Sweetener Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Bulk Sweeteners
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2.1.1.1 Sucrose
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2.1.1.2 Fructose
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2.1.1.3 High-fructose Corn Syrup
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2.1.1.4 Glucose
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2.1.1.5 Other Bulk Sweeteners
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2.1.2 Sugar Substitutes
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2.1.2.1 Sucralose
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2.1.2.2 Xylitol
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2.1.2.3 Stevia
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2.1.2.4 Aspartame
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2.1.2.5 Saccharin
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2.1.2.6 Thaumatin
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2.1.2.7 Other Sugar Substitutes
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2.2 Application
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2.2.1 Bakery
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2.2.2 Confectionery
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2.2.3 Dairy and Frozen Products
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2.2.4 Beverages
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2.2.5 Sauces, Soups and Dressings
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2.2.6 Other Applications
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Mexico Food Sweetener Market Size FAQs
What is the current Mexico Food Sweetener Market size?
The Mexico Food Sweetener Market is projected to register a CAGR of 2.10% during the forecast period (2024-2029)
Who are the key players in Mexico Food Sweetener Market?
Cargill, Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle PLC and International Flavors & Fragrances are the major companies operating in the Mexico Food Sweetener Market.
