Sweeteners - Haiti | Statista Market Forecast

The Spreads & Sweeteners Market in Haiti has been experiencing slow growth due to limited access to digital technologies and low health awareness among consumers. In addition, the market is impacted by the dominance of traditional sweeteners such as honey and sugar, which are more readily available and affordable for the majority of the population. The use of artificial sweeteners is also limited due to their higher cost and lack of consumer trust. These factors contribute to the subdued growth rate of the overall Sweeteners Market in Haiti.

Customer preferences: As consumer awareness around the negative health effects of sugar increases, demand for natural sweeteners like stevia and monk fruit has grown in the Sweeteners Market of the Spreads & Sweeteners Market within The Food market. This trend is further driven by the rising preference for clean-label and organic products. Additionally, with the increasing prevalence of diabetes and obesity, consumers are also seeking low-calorie and low-glycemic sweetening options, leading to a rise in the popularity of sugar alcohols like erythritol and xylitol.

Trends in the market: In Haiti, the Sweeteners Market of the Spreads & Sweeteners Market within The Food market is seeing a shift towards healthier alternatives such as natural sweeteners like stevia and agave. This trend is driven by growing health consciousness among consumers and government initiatives promoting healthier food choices. In addition, there is a rising demand for organic and non-GMO sweeteners, as consumers become more aware of the potential health risks associated with artificial sweeteners. This presents new opportunities for industry stakeholders to tap into the growing demand for healthier options in the market.

Local special circumstances: In Haiti, the Sweeteners Market of the Spreads & Sweeteners Market within The Food market is heavily influenced by the country's reliance on agriculture and its tropical climate, which allows for the production of natural sweeteners like honey and sugarcane. Cultural factors also play a role, with Haitian cuisine being known for its use of natural sweeteners in dishes like pikliz and akasan. Regulatory barriers may also hinder the market's growth, as the country has strict laws on imported food products, making it challenging for international sweetener brands to enter the market.

Underlying macroeconomic factors: The Spreads & Sweeteners Market within The Food market is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other financial indicators. The demand for sweeteners in Haiti is largely driven by the country's economic growth and increasing disposable income. Additionally, the rising prevalence of chronic diseases and the aging population in Haiti are creating a demand for healthier sweetener alternatives, such as stevia and honey. Furthermore, the government's initiatives to promote healthy food choices and regulate the use of artificial sweeteners also impact the market growth in Haiti. Overall, the market is expected to experience steady growth due to favorable macroeconomic conditions and changing consumer preferences.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.