Artificial Sweeteners Market:
The GMI Research’s latest analysis reveals that the Artificial Sweeteners Market is slated to register a significant CAGR over the coming years. This is attributed to the increasing consumer awareness associated with the benefits provided by the artificial sweetener, the strong adoption of artificial sweeteners in several end-user sectors, coupled with the rising demand for low-calorie sugar-free products.
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Artificial Sweeteners Market’s leading Manufacturers:
- Nestle S.A.
- Tate & Lyle PLC
- Wilmar International Limited
- Ingredion Incorporated
- I Dupont De Numours and Company
- Cargill Inc.
- Associated British Foods Plc.
- Archer Daniels Midland Company
- Ajinomoto Corporation Inc.
- Roquette Frères
- Raizen S.A.
Artificial Sweeteners Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)
Key Drivers
The increasing consumer awareness associated with the benefits provided by the artificial sweetener, coupled with the rising demand for low-calorie sugar-free products worldwide, are the key drivers responsible for the growth of the artificial sweeteners market size. The growing diseases, such as obesity, diabetes, heart diseases, and other health issues, will further surge the demand for the market. Moreover, the market is witnessing exceptional growth as a result of the shift in the consumption pattern towards the adoption of healthier food options with less sugar content.
The strong adoption of artificial sweeteners in several end-user sectors will further boost the growth of the artificial sweeteners market share in term of revenue during the forecast period. With the emergence of the COVID-19 pandemic, the increasing sales of artificial sweeteners as consumers are largely opting for healthier diet patterns and emphasizing enhancing their immune system to fight the disease. On the other hand, the growing safety issues associated with artificial sweeteners and allergic reactions among consumers will hinder the growth of the market during the forecast period.
Product Type Segment Drivers
On the basis of the product type, the Aspartame type is anticipated to rise at a higher CAGR over the forecast period as it is a high-intensity sweetener and largely utilized in several food & beverage products like fruit-based drinks bakery products, and other products. The rising demand for high-intensity sweeteners in soft drink and confectionery applications will boost the demand of the market. The remarkable benefits provided by the sweeteners, such as cost-effective and much sweeter in comparison to the sugar cubes, will further stimulate the growth of the market.
Regional Drivers
Based on the region, Asia-pacific is projected to dominate the market due to the rising consumer awareness associated with the severe side-effects of consuming sugar-based products and the rising demand for healthier food options among the young population. In addition to this, the fundamentally shifting lifestyle of consumers, followed by the growing disposable income, will further pay the way for the growth of the market in economies like China and India. The increasing urbanization is bolstering the food and beverage sector, thus supporting market growth.
Artificial Sweeteners Market Segmentation:
Segmentation by Product Type:
- Aspartame
- Acesulfame-K
- Saccharin
- Sucralose
- Neotame
- Others
Segmentation by Application:
- Bakery Goods
- Confectionery & Chewing Gums
- Sweet Spreads
- Beverages
- Dairy Products
- Others
Segmentation by Form:
- Liquid
- Powder
- Solid
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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