How Big is The Alternative Sweeteners Market:
The global alternative sweeteners market size reached US$ 4.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.49% during 2023-2028.
The latest research study "Alternative Sweeteners Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" The study provides a detailed analysis of the industry, including the global automotive air filter market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What are Alternative sweeteners?
Alternative sweeteners represent low-calorie additives that are utilized to sweeten and enhance the flavor of several food and beverages. They can be prepared synthetically or naturally from various ingredients, including sucralose, aspartame, acesulfame-k., and are available in multiple product categories, such as high fructose syrup, high-intensity sweeteners, low-intensity sweeteners, etc. Unlike sugar, alternative sweeteners are used in reduced concentrations, owing to their higher level of sweetness. They exhibit a low glycemic index, which aids in maintaining insulin levels, mitigating the risk of cavities or tooth decay, and ensuring a healthy weight. Consequently, alternative sweeteners find extensive applications across numerous sectors, including pharmaceuticals, animal feed, food and beverages (FB), etc.
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What are the growth prospects and trends in the Alternative Sweeteners Industry:
The shifting preferences toward sugar-free ready-to-eat (RTE) meals and ready-to-drink (RTD) beverages are primarily driving the alternative sweeteners market. Additionally, the rising prevalence of diabetes and obesity and the expanding demand for low-calorie food products to maintain a healthy lifestyle are further augmenting the global market.
Moreover, the elevating employment of technologically advanced manufacturing solutions by the leading manufacturers to facilitate mass production while reducing time and operation costs is also positively influencing the market growth. Apart from this, the growing merger and acquisition activities among key market players and the development of organic product variants are acting as significant growth-inducing factors. Furthermore, the increasing product availability through diverse online and offline distribution channels and the escalating need from the pharmaceutical industry to improve the perception of taste and reduce the bitterness of some drugs are expected to catalyze the alternative sweeteners market over the forecasted period.
Who are the key players operating in the industry?
The report covers the major market players including:
Ajinomoto Co. Inc., Archer-Daniels-Midland Company, BENEO (Sdzucker AG), Cargill Incorporated, Celanese Corporation, DuPont de Nemours Inc., Heartland Food Products Group, Ingredion Inc., Roquette Frres and Tate Lyle PLC.
The report has segmented the market on the basis of product type,source and application.
Breakup by Product Type:
- High Fructose Syrup
- High-Intensity Sweeteners
- Low-Intensity Sweeteners
Breakup by Source:
- Natural
- Synthetic
Breakup by Application:
- Food
- Beverages
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter's Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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