DUBAI, UAE, Sept. 18, 2022 (GLOBE NEWSWIRE) — According to the Sweeteners Market Analysis report, the global market share is around US$108.6 billion in the current year 2022. The global sweeteners market share will continue 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 low calorie supplements due to their low glycemic index as they do not assess insulin levels after eating. A wide range of products today, including dairy, bread and medicines, use alternative sweeteners made from a variety of natural and synthetic ingredients. As people consume more nutritious and lower-calorie meals and beverages, the sugar substitute market is expected to grow positively in the years to come.
The size of the sweetener market has grown significantly over these years due to ongoing developments and its novel applications in the food industry, including developments in dairy and bread products. Alternative sweeteners like stevia sugar offer a variety of benefits including sweetness, flavor and affordable nutritional and blending capabilities, making them the most desirable product segment in said market. The world’s largest sweeteners market is expected to grow over the projected period due to growing consumer demand for reduced-calorie and healthier foods and beverages.
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In addition to its sweetening properties, sweeteners such as monk fruit extract and agave syrup help keep products fresh by reducing temperature, retaining moisture in bran cereal and breakfast bars, enhancing fruit and spice flavor, promoting surface browning, and providing fermentability. Ultimately, this massive advantage of natural sweeteners has fueled the entire value chain to develop the global sweeteners market as well as new product launches by foreign competitors.
Important insights from the market study
- The global sweetener market is expanding due to the increasing number of obese, overweight and diabetic people in all major economies.
- The sweeteners market in China is expected to grow at a CAGR of around 24% over the next decade. China is a major exporter of stevia products around the world.
- The sweeteners market in France is expected to grow at a CAGR of approximately 8.1% over the next decade and demand for organic stevia is growing at the highest rates.
- The diet soft drink sector dominates the sugar substitutes market, with aspartame emerging as the most popular sweetener.
- Of the eleven steviol glycosides, stevioside and rebaudioside A are the two most abundant and dominant sub-segments of 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 forces driving the expansion of the high fructose corn syrup industry is the rising popularity of fast and processed foods, such as corn syrup. B. Sugar-based ready meals, snacks and frozen meals. Demand for packaged and processed foods is growing in both developed and developing countries, which could increase demand for food packaging and sugar manufacturing solutions and increase demand for high fructose corn syrup in food and beverage applications around the world. ” says an analyst from Future Market Insights.
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Companies focus on cost reduction to increase productivity and market share in the global novel sweeteners and artificial sweeteners market as there are few buyers and vendors. In addition, the extraction process for sugar-free and low-calorie sweeteners is standard. For the same reason, companies in the global sweeteners industry have patented an extraction technology. This is backed by government regulations, which are strict due to public health concerns.
Some of the celebrities Players in the sweeteners market These 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 sweetener market
- Tate & Lyle and Codexis have agreed to extend their collaboration through 2021 to enhance manufacturing of Tate & Lyle’s newest sweetener, TASTEVA M Stevia Sweetener.
Discover more valuable insights
Future Market Insights offers an impartial analysis of the sweeteners market in its new report, presenting historical data (2017-2021) and estimation statistics for the forecast period 2022-2032.
The study provides compelling insights based on nature (organic, conventional) by product type (sucrose, natural sweeteners, artificial sweeteners, novel sweeteners, and sugar alcohol) by application (food, beverage, pharmaceutical, personal care, and other uses) by form: powder, liquid, and crystals), in seven major regions of the world.
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Table of Contents
1.1. Global Market Outlook
1.2. Demand-side trends
1.3. Supply-side trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Restrictions
3. Market background
3.1. market dynamics
3.2. scenario forecast
Click Here for 306 Page TOC Report of Sweeteners Market
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