New York, Sept. 27, 2023 (GLOBE NEWSWIRE) -- The global fermented sweeteners market is expected to grow from USD 1.18 Billion in 2023 to USD 2.36 Billion by 2033, at a CAGR of 7.1% during the forecast period. The growth of the market is primarily attributed to the increasing consumer preference for healthy food and beverage products, rising awareness of the health benefits of fermented sweeteners, and growing demand from the food and beverage industry.
Introduction
The global fermented sweeteners market is a vital segment of the sweeteners industry, offering a range of sweetening solutions produced through natural fermentation processes. Fermented sweeteners are renowned for their natural origin and various health benefits, making them an attractive alternative to traditional sweeteners.
This comprehensive research report provides an in-depth analysis of the global fermented sweeteners market, exploring its market dynamics, growth drivers, challenges, and future prospects.
The global fermented sweeteners market is expected to grow at a significant CAGR during the forecast period, driven by the increasing consumer preference for healthy food and beverage products, rising awareness of the health benefits of fermented sweeteners, and growing demand from the food and beverage industry.
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Market Overview
Fermented sweeteners are produced through the fermentation of various sources, such as fruits, vegetables, grains, or starches. The fermentation process involves the action of microorganisms, such as yeast or bacteria, which convert the sugars in these sources into sweeteners like fructose, glucose, or erythritol. These sweeteners are used extensively in the food and beverage industry as a natural and healthier substitute for traditional sweeteners.
Market Dynamics
Several key dynamics influence the global fermented sweeteners market:
- Health and Wellness Trends: Growing consumer awareness of health and wellness has driven the demand for natural and low-calorie sweetening solutions, boosting the adoption of fermented sweeteners.
- Clean Label Preferences: Consumers are increasingly looking for clean label products with minimal additives, and fermented sweeteners fit this criterion due to their natural production process.
- Sugar Reduction Initiatives: Governments and health organizations are promoting sugar reduction to combat rising obesity and diabetes rates, favoring the use of fermented sweeteners.
- Application Diversity: Fermented sweeteners are used in a wide range of applications, including beverages, dairy products, baked goods, and confectionery, driving market growth.
- Sustainability Focus: The environmentally friendly production methods of fermented sweeteners align with sustainability trends.
Market Key Trends
- Growing consumer preference for healthy food and beverage products
- Rising awareness of the health benefits of fermented sweeteners
- Increasing demand from the food and beverage industry
- Development of new and innovative fermented sweeteners
- Expansion of fermented sweetener manufacturers into emerging markets
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Competitive Landscape
The global IWSN market is competitive, with both established players and new entrants.
Key market players include
- Cargill, Incorporated
- Archer Daniels Midland
- Tereos
- Ajinomoto Co., Inc
- Ingredion
- Nantong Changhai Food Additive Co., Ltd.,
- NOW Foods
- Wilmar Sugar Pty Ltd.
- WuHan HuaSweet Co., Ltd
- Sanxinyuan Food Industry and others
Competition revolves around technology innovation, product reliability, and customized solutions.
Recent Developments
Here are some recent developments of companies in the global fermented sweeteners market:
- Cargill:2023 - Cargill announced a partnership with Evolva Holding Company to produce steviol glycosides, a key ingredient in stevia, using Evolva's fermentation technology.
- Ingredion:2023 - Ingredion announced the launch of its new Reb M stevia sweetener, which is made using a proprietary fermentation process.
- PureCircle:2023- PureCircle announced the launch of its new stevia sweetener, PureCircle Alpha, which has a more natural sugar-like taste than other stevia sweeteners.
- Holland Sweetener Company: 2022- Holland Sweetener Company announced the construction of a new fermentation plant to produce allulose, a low-calorie sweetener.
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Market Segmentation
The global fermented sweeteners market is segmented by product type, form, end-use, and region.
- By Product Type - Stevia, Erythritol, Xylitol, Monk Fruit, Allulose, Other
Stevia is the largest segment in the global fermented sweeteners market, owing to its high sweetness intensity, low calories, and zero glycemic index. Erythritol is the second-largest segment, followed by xylitol. Monk fruit and allulose are emerging segments in the market, with the potential to grow rapidly in the coming years.
- By Form- Liquid, Powder
The liquid form of fermented sweeteners is the dominant segment in the global market, due to its ease of use and handling. However, the powder form is expected to grow at a faster CAGR during the forecast period, owing to its longer shelf life and lower transportation costs.
- By End-Use - Food & Beverages, Bakery Goods, Sweet Spreads, Confectionery and Chewing Gums, Alcoholic, Non-Alcoholic, Others
The food and beverage segment is the largest end-use sector for fermented sweeteners, followed by the bakery goods and sweet spreads segments. The confectionery and chewing gums segment is expected to grow at the fastest CAGR during the forecast period, owing to the increasing demand for low-sugar and sugar-free confectionery products.
- By Region - North America, Europe, Asia Pacific, Latin America, Middle East & Africa
North America is the largest market for fermented sweeteners, followed by Europe and Asia Pacific. The Asia Pacific region is expected to grow at the fastest CAGR during the forecast period, owing to the increasing demand for healthy food and beverage products and the growing food and beverage industry in the region.
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