Sweetening Solutions Market Scope
Sweetening solutions are made of natural and conventional ingredients with custom blends. It can be used in a wide variety of sweet dishes, bakery products, beverages, confectionery products, etc. The sweetening solutions include low and no-calorie sweeteners, traditional wet & dry sweeteners, corn syrups & fructose, honey and molasses, dextrose, sugar, fruit-based sweeteners, etc. However, all type of sweeteners varies in its solubility and used accordingly in different food and beverages products.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Tate & Lyle PLC (United Kingdom), ADM (United States), Dohler (Germany), Ingredion (United States), Cargill (United States), DuPont (United States), GLG Life Tech Corp. (Canada), Tereos (France) and BENEO (Germany) |
CAGR | % |
Market players are focusing on providing sweetening solutions with higher quality along with complying all regulatory standards to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive features to further offer qualified sweetening solutions. The market is fragmented owing to the presence of several international and local providers. The high focus on the offering cost effective product offerings. Besides, the numerous industry profitability has led the entry of new players, in turn, increasing the level of rivalry in the already competitive market. Research Analyst at AMA estimates that United States & European Vendors will contribute to the maximum growth of Global Sweetening Solutions market throughout the predicted period.
Tate & Lyle PLC (United Kingdom), ADM (United States), Dohler (Germany), Ingredion (United States), Cargill (United States), DuPont (United States), GLG Life Tech Corp. (Canada), Tereos (France) and BENEO (Germany) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Sweetening Solutions market by Type , by Application (Beverages, Bakery Products, Confectionery, Desserts and Others) and Region with country level break-up.
On the basis of geography, the market of Sweetening Solutions has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
On 1st December 2020, Tate & Lyle has acquired Sweet Green Fields a global stevia solutions business. The deal simplifies the existing relationship of both companies by creating a fully integrated supply chain and commercial organization. The acquisition also extends Tate & Lyle’s presence in the faster-growing Asia Pacific region with dedicated stevia production and research and development facilities located in Anji, China.
On 15th July 2020, Tate & Lyle PLC, a leading global provider of food and beverage solutions and ingredients, announced the launch of SWEETENER-VANTAGE Expert Systems, a set of new and innovative sweetener solution design tools, together with an education programme, which is designed to help formulators create sugar-reduced food and drink using low-calorie sweeteners. and On 20th November 2020, Ingredion EMEA is expanding its portfolio of sugar reduction and speciality sweeteners solutions across the Middle East and Africa, with the launch of Stablesweet LD low sugar glucose syrup. Derived from corn, glucose syrup is designed to enable manufacturers to produce shelf-life stable products while reducing sugar content.
Influencing Trend:
Increasing Popularity of Low and No Calorie Sweeteners Solutions
Market Growth Drivers:
Growing Demand for the Dessert and Sweet Dishes and Easy Raw Material Availability for the Production of Sweetener
Challenges:
Presence of Low Quality Harmful Sweetening Solutions in the Market
Restraints:
Health-Related Risks Associated with the Excess Consumption of Sweetening Solutions
Opportunities:
Increasing e-commerce Availability of Sweetening Solutions and Surging Demand for the Sweetening Solutions for Beverages and Bakery Products
Key Target Audience
Sweetening Solutions Manufacturers, Sweetening Solutions International Traders, Sweetening Solutions Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others