DUBAI, United Arab Emirates, Sept. 18, 2022 (GLOBE NEWSWIRE) — According to Sweeteners Market Analysis Report, the global market share is approximately US$108.6 billion in the current year 2022 The global sweeteners market share is expected to grow at a CAGR of 3.8% and is expected to reach a valuation of approximately US$157.7 billion by the end of 2032.
Sugar alternatives are used as a low calorie dietary supplement due to their low glycemic index as they do not test insulin levels after meals. A wide range of items, including dairy products, bread and medicines, today use alternative sweeteners, which are produced from a variety of natural and synthetic ingredients. As people are consuming more nutritious and low-calorie meals and beverages, the market for sugar substitutes is expected to grow at a positive rate over the next few years.
The sweeteners market size has increased significantly over these years owing to the ongoing developments and its new applications in the food industry, including the developments in dairy products and bakery products. Alternative sweeteners like stevia sugar offer a variety of benefits, including sweetness, flavor, and affordable nutritional and blending capabilities, making it the most sought-after product segment in said market. Due to the growing consumer demand for low-calorie and healthier foods and beverages, the world’s largest sweeteners market is expected to expand over the projected period.
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In addition to its sweetening properties, sweeteners like monk fruit extract, agave syrup helps keep produce fresh by reducing temperature, retaining moisture in bran cereals and breakfast bars. breakfast, enhancing fruit and spice flavors, promoting surface browning and providing fermentability. Ultimately, this massive advantage of natural sweeteners has prompted the entire value chain to expand the global sweetener market, as well as the launch of new products by foreign competitors.
Key insights from market research
- The global sweeteners market is booming due to the growing number of obese, overweight and diabetic people in all major economies.
- The Chinese sweetener market is expected to grow at a CAGR of approximately 24% over the next ten years. China is a major exporter of stevia products worldwide.
- The French sweetener market is expected to grow at a CAGR of approximately 8.1% over the next ten years and the demand for organic stevia is increasing at the highest rates.
- The diet soft drink sector dominates the sugar substitute market, with aspartame becoming the most popular sweetener.
- Among the eleven steviol glycosides, stevioside and rebaudioside A are the two most abundant and dominant sub-segments in the sweetener market.
- The consumption of natural sweeteners is also evident in the food and beverage industry, which is constantly innovating and developing new things, including natural sweeteners and other products.
“One of the main drivers for the expansion of the high fructose corn syrup industry is the growing popularity of fast and processed foods, such as sugar-based convenience foods, snacks and frozen dinners. . The need for packaged and processed foods is increasing in both developed and developing countries, which could increase the demand for food packaging and sugar manufacturing solutions, leading to an increase in the demand for high-potency corn syrup. fructose content in food and beverage applications around the world. ” says an analyst from Future Market Insights.
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Companies are focusing on cost reduction to increase productivity and market share in the global novel sweeteners and artificial sweeteners market as there are few customers and vendors. Also, for sugar-free and low-calorie sweeteners, the extraction procedure is standard. Companies in the global sweetener industry have patented extraction technology for the same reason. This is supported by strict government regulations due to public health concerns.
Some of the most important sweeteners market players include Carl Kühne KG (GmbH & Co.), Castelo Alimentos S/A, Aspall Cyder Ltd, White house foods, Spectrum Organic Products, LLC, Higher Nature Limited., Vitane Pharmaceuticals, Inc., The Kraft Heinz company, Bragg Live Food Products, Inc., Swanson Health Products, Inc., Solana Gold Organics, Amfac, Inc. (American Garden), Mautner Markhof Feinkost GmbH, GNC holdings inc., Eden Foods, Inc., Pompeian, Inc., NutraMarks, Inc. , Eden Nuganics, Viva Naturals, and Health Connection Wholefoods, among others.
Recent Developments in the Sweeteners Market
- Tate & Lyle and Codexis have agreed to extend their cooperation until 2021 to improve the manufacturing of Tate & Lyle’s newest sweetener, TASTEVA M Stevia Sweetener.
Explore more valuable insights
Future Market Insights in its new report offers an unbiased analysis of the Sweeteners Market, showcasing historical data (2017-2021) and estimation statistics for the forecast period 2022-2032.
The study offers compelling nature-based insights (organic, conventional) by product type (sucrose, natural sweeteners, artificial sweeteners, novel sweeteners, and sugar alcohol) by application (food, beverage, pharmaceutical, personal care, and other applications) by form: Powder, Liquid and Crystals), in seven major regions of the world.
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1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Analysis of the technology roadmap
1.5. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Market context
3.1. Market dynamics
3.2. Scenario forecast
Click here for the 306-page TOC Report on the Sweeteners Market
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