Key regions: South Korea, Philippines, Canada, United States, Japan
The Sweeteners Market in the Spreads & Sweeteners Market in Mauritius is experiencing minimal growth, influenced by factors such as the increasing demand for healthy and natural sweeteners, growing health consciousness among consumers, and the convenience of online purchasing. However, the sub-markets of Honey, Sugar, and Artificial Sweeteners have varying impacts on the overall market growth, with artificial sweeteners facing some challenges due to health concerns.
Customer preferences: Consumers in Mauritius are becoming more health-conscious and are paying closer attention to the ingredients in their food products. This has led to a growing demand for natural sweeteners, such as stevia and honey, over artificial sweeteners. Additionally, there is a trend towards low-sugar and sugar-free options in spreads and sweeteners, as consumers seek to reduce their sugar intake. This shift towards healthier alternatives is also influenced by the growing prevalence of lifestyle diseases, such as diabetes and obesity.
Trends in the market: In Mauritius, there has been a noticeable shift towards healthier and more natural food options, leading to an increased demand for natural sweeteners such as stevia and monk fruit. This trend is also reflected in the Sweeteners Market of the Spreads & Sweeteners Market within The Food market, with a growing emphasis on clean label and organic products. This trajectory is significant as it aligns with global health and wellness trends, and has potential implications for industry stakeholders to adapt their product offerings to cater to this growing demand for healthier alternatives. Additionally, there is a rising interest in natural sweeteners from consumers with diabetes and other health conditions, further driving the growth of this market segment.
Local special circumstances: In Mauritius, the Sweeteners Market of the Spreads & Sweeteners Market within The Food market is heavily influenced by the country's diverse cultural heritage. With a fusion of Indian, African, Chinese, and European influences, Mauritian cuisine has a unique taste that requires specific types of sweeteners. Furthermore, the country's regulatory environment, which promotes healthy eating, has led to an increase in demand for natural sweeteners, such as stevia and honey, over artificial ones. These local factors have a significant impact on the dynamics of the Sweeteners Market in Mauritius.
Underlying macroeconomic factors: The Sweeteners Market of the Spreads & Sweeteners Market within The Food market in Mauritius is influenced by various macroeconomic factors. Global economic trends, such as increasing demand for healthier food options and rising awareness about the harmful effects of sugar, are driving the growth of the market. The national economic health of Mauritius, with its stable GDP growth and strong consumer spending, also contributes to the growth of the sweeteners market. Fiscal policies, such as tax incentives and subsidies for low calorie sweeteners, are also supporting market growth. Other financial indicators, such as disposable income and inflation rates, also impact the purchasing power of consumers and thereby influence the performance of the market in Mauritius.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
