Latin America Sugar Substitutes Market Size & Outlook

The sugar substitutes market in Latin America is expected to reach a projected revenue of US$ 1,105.2 million by 2030. A compound annual growth rate of 8.4% is expected of Latin America sugar substitutes market from 2024 to 2030.

Revenue, 2023 (US$M)
$629.6
Forecast, 2030 (US$M)
$1,105.2
CAGR, 2024 - 2030
8.4%
Report Coverage
Latin America

Latin America sugar substitutes market highlights

  • The Latin America sugar substitutes market generated a revenue of USD 629.6 million in 2023.
  • The market is expected to grow at a CAGR of 8.4% from 2024 to 2030.
  • In terms of segment, high-intensity sweeteners was the largest revenue generating type in 2023.
  • High-intensity Sweeteners is the most lucrative type segment registering the fastest growth during the forecast period.
  • Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.

Latin America data book summary

Market revenue in 2023USD 629.6 million
Market revenue in 2030USD 1,105.2 million
Growth rate8.4% (CAGR from 2023 to 2030)
Largest segmentHigh-intensity sweeteners
Fastest growing segmentHigh-intensity Sweeteners
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHigh-intensity Sweeteners, Low Intensity Sweetners, High Fructose Syrup
Key market players worldwideTate & Lyle PLC, Cargill, Archer-Daniels Midland Co, Ingredion Inc, La Roquette, Ajinomoto Co Inc, DuPont Nutrition & Biosciences

Other key industry trends

  • In terms of revenue, Latin America region accounted for 8.5% of the global sugar substitutes market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • MEA is the fastest growing regional market and is projected to reach USD 887.9 million by 2030.

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Sugar Substitutes Market Companies

Name Profile # Employees HQ Website

Latin America sugar substitutes market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to sugar substitutes market will help companies and investors design strategic landscapes.


High-intensity sweeteners was the largest segment with a revenue share of 70.46% in 2023. Horizon Databook has segmented the Latin America sugar substitutes market based on high-intensity sweeteners, low intensity sweetners, high fructose syrup covering the revenue growth of each sub-segment from 2018 to 2030.


  • Latin America Sugar Substitutes Type Outlook (Revenue, USD Million, 2018-2030)
    • High-intensity Sweeteners
      • Natural
        • Stevia Extracts
        • Licorice Root Extracts
        • Monk Fruit Extracts
      • Artificial
        • Aspartame
        • Cyclamate
        • Saccharin
        • Sucralose
        • Other Artificial Sweetners
    • Low Intensity Sweetners
      • Xylitol
      • Sorbitol
      • Maltitol
      • Mannitol
      • Trehalose
      • Isomaltulose
      • Other Low Intensity Sweetners
    • High Fructose Syrup
  • Latin America Sugar Substitutes Application Outlook (Revenue, USD Million, 2018-2030)
    • Food
      • Bakery
      • Confectionery
      • Dairy
      • Other Foods
    • Beverages
      • Juices
      • Functional Drinks
      • Carbonated Drinks
      • Non-Dairy
      • Milk and Dairy
      • Other Beverages
    • Health & Personal Care

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  • Our clientele includes a mix of sugar substitutes market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America sugar substitutes market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America sugar substitutes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America sugar substitutes market size, by country, 2018-2030 (US$M)

Latin America Sugar Substitutes Market Outlook Share, 2023 & 2030 (US$M)

Latin America sugar substitutes market size, by country, 2018-2030 (US$M)

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