Artificial sweeteners market will generate US$ 12 billion

Artificial sweeteners market will generate US$ 12 billion

Rockville, November 4, 2022 (GLOBE NEWSWIRE) — Fact.MR offers in-depth research on the global artificial sweeteners market for the forecast period of 2022 and 2032. The study offers crucial information on key growth aspects such as trends, opportunities, strategies of major competitors, and key drivers in all the world. 5 regions. Additionally, the report looks at current trends in several different areas, including product, form, and end-use application.

Fact.MR – A Provider of Market Research and Competitive Intelligence: Overall sales in the global artificial sweeteners market are projected to increase to 5.5% CAGR during the forecast period (2022-2032). According to Fact.MR, demand in the market is projected to reach $7 billion by the end of 2022.

The growth in the market is attributed to the increased consumption of low-calorie or no-calorie food products around the world. With the increasing prevalence of lifestyle disorders such as diabetes, obesity, thyroid and cardiovascular disease, consumers are turning to healthier diets, including lower calorie food products. Therefore, the adoption of artificial sweeteners has increased throughout the world.

In addition, the increasingly hectic lifestyle has prompted consumers to opt for ready-to-eat and processed food products, such as breakfast cereals, energy drinks and others. Increased consumption of these foods and beverages is anticipated to drive market demand for artificial sweeteners.

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To capitalize on this growing demand, key players are introducing high-quality artificial sweeteners as low-calorie sugar substitutes. Saccharin, sodium benzoate, and aspartame are considered the most prevalent artificial sweeteners among the major players.

According to the study, aspartame is widely used as an artificial sweetener among food and beverage manufacturers. This product is considered better than conventional sugar and is used in various beverages such as low-calorie soft drinks, coffee, tea, yogurt and others. Furthermore, with the growing bias towards clean label ingredients and healthy food products, the demand in the market is anticipated to increase 1.7 times during the forecast period.

Key takeaways:

  • The UK is anticipated to account for 3 out of 10 sales in the global artificial sweeteners market during the forecast period.
  • China’s artificial sweeteners market is scheduled to grow at a CAGR of 3% during the assessment period.
  • Based on product type, the aspartame segment is forecast to grow at a CAGR of 4% between 2022 and 2032.
  • In terms of end-use application, the beverage segment will experience the fastest growth over the next decade.
  • India and Japan are likely to be the most profitable artificial sweetener markets in Southeast Asia due to the increasing consumption of processed food products.

Growth controllers:

  • The growing preference for low-calorie or no-calorie foods and beverages will drive demand for artificial sweeteners.
  • The increasing prevalence of diabetes and awareness related to dental care will help the consumption of artificial sweeteners around the world.
  • Rising consumption of packaged and processed foods and beverages is likely to drive the market.

Restrictions:

  • The growing bias towards organic and natural ingredients could make it difficult to sell in the market.
  • The high cost of investment and development of advanced technology will impede growth in low- and middle-income economies.

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Competitive landscape:

Artificial sweetener manufacturers are integrating biotechnology and advanced processes to develop high-quality, healthy sweeteners for competitive advantage. They are also relying on strategic collaborations and seeking fast-track regulatory approvals to expand their product portfolio and strengthen their presence in the industry.

  • In October 2022, leading brand Bonumose announced the launch of its new product Tagatose and Allulose, an artificial sweetener with 92% and 70% sweetness from sucrose, but only 38% and 10% calories, respectively. The company partnered with European industrial biotech Brian Biotech to develop an artificial sweetener with the help of corn starch instead of lactose. This strategic alliance will help the company to obtain a base of clients and income.
  • In December 2020, the sugar reduction solutions organization SweeGen announced the authorization of its artificial sweetener, Bestevia® stevia sweeteners from the Brazilian National Health and Surveillance Agency (ANVISA). This authorization will pave the way for lucrative revenue for the company, as food and beverage manufacturers will now be able to use the sweetener as a food additive.

Key Companies Profiled by Fact.MR

  • Roquette Freres
  • Hermes Sweeteners Ltd.
  • Ajinomoto Co., Inc.
  • McNeil Nutritionals
  • purecircle
  • NutraSweet Property Holdings, Inc.
  • Zydus Bienestar Ltda.
  • Sucralose JK
  • MORITA KAGAKU KOGYO CO. LTD.
  • Sunwin Stevia International, Inc.

More valuable information about the artificial sweeteners market

In its latest study, Fact.MR offers a detailed analysis of the global artificial sweeteners market for the forecast period from 2022 to 2032. This study also divulges the key drivers and trends promoting artificial sweeteners sales through a segmentation detailed as follows:

By product:

  • based on aspartame
  • sucralose based
  • based on saccharin
  • Based on acesulfame-potassium (Ace-K)
  • based on cyclamate
  • Others

By end use:

  • Beverages
  • Dairy products
  • Bakery and Confectionery
  • Dietary supplements
  • bread spread
  • pharmaceutical products
  • personal care applications

By form:

By region:

  • North America
  • Latin America
  • Europe
  • Pacific Asia
  • Middle East and Africa

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Key Questions Covered in The Artificial Sweetener Market Report

  • What will be the estimated size of the artificial sweeteners market in 2022?
  • At what rate will sales in the global artificial sweeteners market grow to 2032?
  • – What are the factors impeding the demand in the artificial sweetener market?
  • Which region will lead the growth in the global artificial sweeteners market during 2022-2032?
  • – What are the factors driving sales in the Artificial Sweeteners market during the forecast period?

Explore Fact.MR coverage in the food and beverage domain

Natural Sweetener Blends Market: The growing number of health-conscious consumers around the world is the main factor driving the consumption of natural sweeteners. In addition to this, with the increased use of natural sweeteners in bakery, desserts, and other packaged and ready-to-eat foods, it will drive market sales through 2022 and beyond.

Polyphenol Sweeteners Market: The consumption of polyphenol sweeteners is increasing thanks to their natural sweetening properties. The growing trend for natural ingredient and clean label food products will drive demand for polyphenolic sweeteners. In addition, as the trend towards low-calorie food products increases, market sales are expected to record an upward trajectory over the next decade.

Nutritious Sweeteners Market: Fact.MR believes that nutritive sweeteners will gain momentum among health-conscious consumers, as fresh fruit is the main source of the product. In addition, benefits such as longer shelf life, better texture and flavor of food products, and acceptable taste will help demand in the global market for nutritive sweeteners.

About Fact.MR

Fact.MR is a market research and consulting agency with extensive experience in emerging market intelligence. Covering a wide range, from automotive and industry 4.0 to healthcare, technology, chemicals and materials, even the most specific categories. We are committed to providing information that helps companies gain a deeper understanding of their target markets. We understand that making sense of the vast maze of data can be overwhelming for businesses. That is why focus on offering information that can really make a difference in the final results.

Specialties: Competitor monitoring, custom research, syndicated research, investment research, social media research, business intelligence, industry analysis, thought leadership.

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