DUBAI, United Arab Emirates, September 18, 2022 (GLOBE NEWSWIRE) – According to Tahlia Market Analytical report that the global market share is about 108.6 billion US dollars in the current year 2022. The global market share is set to grow at a compound annual growth rate of 3.8% and is expected to reach an estimated value of about 157.7 billion US dollars by the end of 2032.
Sugar substitutes are used as a low-calorie food supplement due to their low glycemic index because they do not assess insulin levels after a meal. A wide variety of items, including dairy, bread, and medicine, nowadays use alternative sweeteners, which are produced from a variety of natural and artificial ingredients. As people consume nutritious and low-calorie meals and drinks, the market for sugar substitutes is expected to grow at a positive rate during the following years.
The sweetener market size has grown significantly in these years as a result of continuous developments and new applications in the food industry, including developments in dairy products and baking goods. Alternative sweeteners such as stevia sugar offer a variety of benefits, including sweetness, flavor, affordable nutrition, and mixing capabilities making them the most sought-after product segment in the mentioned market. As consumer demand for healthy and reduced-calorie foods and beverages increases, the world’s largest market for sweeteners is expected to expand during the forecast period.
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In addition to sweetening properties, sweeteners such as monk fruit extract and agave syrup help keep produce fresh by reducing temperature, retaining moisture in bran cereal and breakfast bars, enhancing fruit flavors and spices, enhancing surface browning, and providing fermentation ability. In the end, this huge advantage of natural sweeteners stimulated the entire value chain to develop the global sweetener market, as well as launch new products from foreign competitors.
The main takeaway from the market study
- The global sweetener market is expanding as a result of the increasing number of obese, overweight and diabetic people in all major economies.
- The Chinese sweetener market is expected to grow at a compound annual growth rate of around 24% over the next 10 years. China is a major exporter of stevia products worldwide.
- The French sweetener market is expected to grow at a compound annual growth rate of around 8.1% over the next ten years and the demand for organic stevia is growing at the highest rates.
- The sugar substitutes market is dominated by the diet soft drink segment, with aspartame emerging as the most popular sweetener.
- Among the 11 steviol glycosides, stevioside and rebaudioside A are the most prevalent and dominant sub-sectors in the sweetener market.
- The consumption of natural sweeteners is also evident in the food and beverage industry, which is always inventing and developing new things, including natural sweeteners and other products.
“One of the primary forces driving the expansion of the high fructose corn syrup industry is the increasing popularity of fast and processed foods, such as sugar-packed prepared foods, snack foods, and frozen dinners. The need for packaged and processed foods is growing in both developed and developing countries, which may Demand for food packaging and sugar manufacturing solutions is increasing, resulting in increased demand for high fructose corn syrup in food and beverage applications worldwide.” Says Future Market Insights analyst.
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Companies focus on reducing cost in order to increase productivity and market share in the global market for new sweeteners and artificial sweeteners because there are few customers and sellers. Moreover, for non-sugar and Low-calorie sweetenersStandard extraction procedure. Sweeteners companies all over the world hold a patent for extraction technology for the same reason. This is supported by strict government regulations due to public health concerns.
Some notable personalities Sweetener market players They include Carl Kühne KG (GmbH & Co.), Castelo Alimentos S/A, Aspall Cyder Ltd, White House food, Spectrum Organic Products, LLC and Higher Nature Limited. and Vitane Pharmaceuticals, Inc. and Kraft Heinz, Bragg Live Food Products, Inc., Swanson Health Products, Inc., Solana Gold Organics, Amphac, Inc. (American Garden), Mautner Markhof Feinkost GmbH, GNC Holdings inc, Eden Foods, Inc., Pompeian, Inc., NutraMarks, Inc. Eden Nuganics, Viva Naturals, Health Connection Wholefoods, and others.
Recent developments in the sweetener market
- Tate & Lyle and Codexis have agreed to extend their collaboration until 2021 in order to improve the manufacturing of Tate & Lyle’s newest sweetener, TASTEVA M Stevia Sweetener.
Discover more valuable insights
Future Market Insights, in its new report, provides an impartial analysis of the sweeteners market, providing historical data (2017-2021) and estimation statistics for the forecast period 2022-2032.
The study provides compelling insights based on nature (organic and conventional) by product type (sucrose, natural sweeteners, artificial sweeteners, new sweeteners, sugar alcohols) by application (foods, beverages, pharmaceuticals, personal care, and other applications) by form: powder, liquid, crystals) across seven major regions of the world.
1. Executive Summary
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 / Rating
2.2. Market Definition / Scope / Limitations
3. Market background
3.1. market dynamics
3.2 Scenario forecast
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