Mexico Sugar Substitutes Market Size & Outlook, 2023-2030
The sugar substitutes market in Mexico is expected to reach a projected revenue of US$ 378.0 million by 2030. A compound annual growth rate of 7.3% is expected of Mexico sugar substitutes market from 2024 to 2030.
Revenue, 2023 (US$M)
$231.2
Forecast, 2030 (US$M)
$378.0
CAGR, 2024 - 2030
7.3%
Report Coverage
Mexico
Mexico sugar substitutes market, 2018-2030 (US$M)
Related Markets
Mexico sugar substitutes market highlights
- The Mexico sugar substitutes market generated a revenue of USD 231.2 million in 2023 and is expected to reach USD 378.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 7.3% 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.
Sugar substitutes market data book summary
| Market revenue in 2023 | USD 231.2 million |
| Market revenue in 2030 | USD 378.0 million |
| Growth rate | 7.3% (CAGR from 2023 to 2030) |
| Largest segment | High-intensity sweeteners |
| Fastest growing segment | High-intensity Sweeteners |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | High-intensity Sweeteners, Low Intensity Sweetners, High Fructose Syrup |
| Key market players worldwide | Tate & 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, Mexico accounted for 3.1% of the global sugar substitutes market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. sugar substitutes market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 3,398.9 million by 2030.
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Sugar Substitutes Market Scope
Sugar substitutes market segmentation & scope
Sugar Substitutes Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 64.49% in 2023. Horizon Databook has segmented the Mexico 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.
- Mexico 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
- Natural
- Low Intensity Sweetners
- Xylitol
- Sorbitol
- Maltitol
- Mannitol
- Trehalose
- Isomaltulose
- Other Low Intensity Sweetners
- High Fructose Syrup
- High-intensity Sweeteners
- Mexico 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
- Food
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Target buyers of Mexico sugar substitutes market databook
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Our clientele includes a mix of sugar substitutes market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico sugar substitutes market , including forecasts for subscribers. This country databook contains high-level insights into Mexico sugar substitutes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico sugar substitutes market size, by application, 2018-2030 (US$M)
Mexico Sugar Substitutes Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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