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The Latin America, Middle East and Africa Sugar Substitutes Market would witness market growth of 6.3% CAGR during the forecast period (2017-2023). The growth of the LAMEA region can be attributed to presence of abundant natural resources in the region. Sugar substitutes are extensively used in products such as baked foods, canned foods, powdered drink mixes, dairy products, and soft drinks. Awareness about health benefits pertaining to sugar substitutes in beverages is helping drive consumer interest in health and wellness products. Increasing use of sweeteners would contribute to the market expansion. Growing demand for sugar substitute products from the food and beverage industry would contribute to the market growth during the forecast period.
Based on Application, the Sugar Substitutes market segments the market into Food, Beverages, and Others. Food Application market is segmented into Bakery & Confectioneries, Dairy, and Others. Based on Type, the Sugar Substitutes market segments the market into High Intensity Sweeteners, Low Intensity Sweeteners, and High Fructose Syrup. Based on Countries, the Sugar Substitutes market segments the market into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the Latin America, Middle East and Africa Sugar Substitutes Market. Key companies profiled in the report include Tate & Lyle Plc, Cargill, Inc., Archer Daniels Midland Company, Ingredion Incorporated, E.I. Du Pont De Nemours and Company, The NutraSweet Company, JK Sucralose Inc., PureCircle Limited, Ajinomoto Co., Inc., and Roquette.