Latest News- Food Sweetener Market in Mexico: High-intensity sweeteners is expected to lead the Type segment during 2024-2028
The Food Sweetener Market in Mexico is being driven by Growing demand for organic food sweeteners
The Food Sweetener Market in Mexico is expected to grow at a CAGR of 3.9% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 70 million. In the dynamic food industry, there is a growing preference for clean-label ingredients, particularly in the sweetener market. These ingredients, including sweeteners, flours, and natural additives, adhere to fundamental parameters such as a reduced number of components with understandable names, absence of artificial additives or chemicals, and the inclusion of natural, organic, and non-GMO alternatives. The surge in consumer demand for organic food is fueled by several factors, including increasing disposable income, enhanced living standards, heightened healthcare spending, and the widespread promotion of organic products due to their inherent benefits, such as being free from chemicals and naturally sourced. The trend towards clean-label sweeteners is a testament to the evolving health consciousness of consumers worldwide.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Type (High-intensity sweeteners, Low-intensity sweeteners) Application (Food, Beverage, Others) Geography (North America).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Food Sweetener Market in Mexico Research Report
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In Mexico, the food sweetener market is witnessing significant growth due to increasing health consciousness and the demand for low-calorie and natural sweeteners. Diabetes and obesity are major health concerns driving the market for sugar alternatives, including plant-based sweeteners like stevia and monk fruit. Clean label products, multifunctional sweeteners, and sugar-free options are popular in beverages, food and beverage, personal care, pharmaceutical industries, oral care products, chewing gums, cosmetics, and paediatric medications. Xylitol, a sugar alcohol, is also gaining popularity for dental health and palatability reasons. Sweeteners find extensive applications in bakery food products, fast-food, and bakery, with liquid and chewable forms catering to various consumer preferences. Food habits continue to influence market trends, with a shift towards healthier options and sugar-free alternatives.
The Food Sweetener Market in Mexico is experiencing significant growth due to increasing health consciousness among consumers. This trend is driving the demand for low-calorie and natural sweeteners, including plant-based options such as Stevia and Monk fruit. Diabetes and obesity are prevalent health issues in Mexico, making sugar alternatives an attractive option for those following a clean label diet. Multifunctional sweeteners and sugar-free products are also gaining popularity in the beverage industry, as consumers seek to reduce their sugar intake. The Western dietary habits of Mexican consumers are shifting towards more processed foods, creating opportunities for food and beverage manufacturers to offer sugar alternatives in their offerings. Technavio projects that the Food Sweetener Market in Mexico will continue to expand, fueled by these consumer preferences and the health benefits associated with natural and low-calorie sweeteners.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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