Global Sugar-free Sweetener Market Overview:
Sugar-free Sweeteners are man-made alternatives to sugar. However, they might be made from naturally existing materials like sugar or even herbs. Because they are many times sweeter than sugar, Sugar-free sweeteners are also referred to as strong sweeteners. Because they almost entirely contribute zero calories to the diet, Sugar-free sweeteners can be enticing alternatives to sugar. Additionally, compared to the quantity of sugar that would often be needed for sweetness, it only requires a small amount of artificial sweetener. Growing awareness regarding healthy foods and rising health consciousness leading to consumers opting for preventive healthcare alternatives, and growing customer preference for natural products are contributing to the growth of the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rise of Consumer Preferences for Better-For-You Ingredients, and Increasing Awareness of Different Types of Sugar and Sweeteners and Their Nutritional Differences between Them
Market Growth Drivers:
Growing awareness regarding healthy foods and rising health-consciousness leading to consumers opting for preventive healthcare alternatives, , Growing customer preference for natural products, and Natural sweeteners are in high demand due to fluctuations in the price and availability of conventional sugar.
Challenges:
Premium Pricing Of Natural Sweeteners Owing To the Higher Costs of Production, and Product Labelling and Claims Issues
Restraints:
Ambiguity in the Minds of Consumers Associated with the Consumption of Natural Sweeteners and Their ill-Effects on Human Health, and Adherence to International Quality Standards and Regulations for Sweeteners and Sweetener-Based Products
Opportunities:
Growth in Advancements in the Use of Natural Sweeteners across Industries, Particularly the Food and Beverage Sector, and Increasing R&D Efforts to Create and Produce New, Advanced Natural Sweetening Goods
Competitive Landscape:
The global sugar-free sweetener market is fragmented market due to the presence of various players. The players are focusing on investing more in launching different flavors and increasing customer awareness through advertisements. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Dupont (United States), Adm (United States), Tate & Lyle (United Kingdom), Ingredion Incorporated (United States), Cargill, Incorporated (United States), Roquette Frères (France), Purecircle Ltd (United States), MacAndrews & Forbes Holdings Inc (United States), Foodchem International Corporation (China) and Ecogreen Oleochemicals Pvt Ltd (Singapore). Additionally, following companies can also be profiled that are part of our coverage like Stevia Hub India (United States), Suminter India Organics (India), Stevia Biotech Pvt Ltd (India) and The Real Stevia Company (Sweden). Considering Market by Distribution Channels, the sub-segment i.e. Manufacturers will boost the Sugar-free Sweetener market. Considering Market by End User, the sub-segment i.e. Food & Beverage will boost the Sugar-free Sweetener market.
Latest Market Insights:
In November 2021, DuPont acquired Rogers Corporation for USD 5.2 billion. Rogers is a global leader in engineered materials and components, with unmatched application engineering expertise and leading positions in markets where its advanced technology solutions offer competitive advantages.
In March 2022, F&B biotech company Conagen scaled its production of two new high-intensity sweeteners, thaumatin I and thaumatin II. The development expands commercial partner Sweegen’s portfolio of zero-sugar natural ingredients. and In August 2022, According to the study, published in the journal Cell, consuming saccharin and sucralose harms the ability of healthy adults to dispose of glucose in their body.
As more than 40 percent of the world’s population (that’s 2.2 billion people) are reportedly overweight and 14 percent obese (660 million people), the World Health Organization (WHO) has been recommending that governments impose taxes and other regulations to reduce sugar consumption. Many regions, including the UK, have already begun to implement such policies, and consumers have also made their own concerted efforts to reduce their sugar intake.
What Can be Explored with the Sugar-free Sweetener Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Sugar-free Sweetener Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Sugar-free Sweetener
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Sugar-free Sweetener market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Sugar-free Sweetener market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Sugar-Free Sweetener Manufacturers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.