Alternative Sweeteners Market Trends, Demand, Scope, Growth Analysis and Industry Forecast To 2030
Market overview
The
highlights suggest that the global Alternative Sweetener market is growing at a
CAGR of 4.8% during the forecast period. The market is expected to grow due to
the increasing number of patients suffering from lifestyle diseases such as
diabetes, obesity, and cardiovascular diseases. Also, the inclination towards
living a healthy lifestyle, followed by the rise in demand for low-calorie food
products, are other critical factors driving the growth of the global
alternative sweetener market throughout the forecast period. The growth of the
beverage market in both developed and developing countries are also promoting
the demand for alternative sweeteners.
People
have become increasingly conscious of the seriousness of any sickness if their
sugar levels are not controlled since the COVID-19 epidemic outbreak. Due to
the subsequent drive, the common public has now been influenced to live a
low-calorie, well-balanced lifestyle. Consumers are increasingly looking at the
promises on product labels, and the lack of sugars still influences their
purchasing decisions. The industry is likely to be well-positioned because of
such choice parameters. Variants of alternative sweeteners are being produced
from different natural and artificial sources, and they are widely used in
various applications, such as dairy products, bakery foods, and
pharmaceuticals. Individuals suffering from diabetes and obesity prefer
low-calorie sweeteners, as they have a much lesser sweetness quotient than
sugar. The rise in demand for healthy and low-calorie food & beverages is
expected to boost the projected towards global Alternative
Sweeteners Market Trends.
Market segmentation
The
global Alternative
Sweeteners Market Share has been
segmented by product type, including high fructose syrup, high-intensity
sweeteners, and low-intensity sweeteners. Based on the source, the market
includes natural and synthetic sweetners. The market is segmented into food and
beverages, pharmaceuticals, and others based on application. The food and
beverage sector is divided into the bakery, confectionery, beverage, dairy,
etc.
Regional analysis
The
demand for natural sweeteners in North America is mainly due to healthy food
trends. The beverages industry dominates, followed by the bakery,
confectionery, and dairy industries. According to the information from the US
Census Bureau, the preferred brands of alternative sweeteners are Splenda,
Sweet’N Low, Stevia in the Raw, and Equal.
Many
active players drive the global market for sugar substitutes. There are
numerous prominent players in the industry that are as follows:
●
Cargill
Inc.
●
DuPont de
Nemours, Inc.
●
Ingredion
Inc.
●
Heartland
Food Products Group
Industry news
According
to the International Diabetes Federation, people with diabetes worldwide 2019
were 463 million. The number is expected to reach 700 million by the end of
2045. An increase in obesity levels and concern regarding the risk of
developing cardiovascular disease and diabetes encourage consumers to make more
healthy choices. Consumers suffering from diabetes and obesity go for
low-calorie sweeteners as these products have fewer or no calories and
therefore help control weight and maintain blood sugar levels. The development
of low sugar food for diabetic and diet-conscious consumers followed by the
high demand for diet beverages has been projected to drive the market.
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Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
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