Vancouver, Oct. 25, 2023 (GLOBE NEWSWIRE) -- The global low intensity sweeteners market size is expected to reach USD 4.88 Billion in 2032 and register a revenue CAGR of 4.7% during the forecast period, according to the latest analysis by Emergen Research. Rising number of chronic diseases is a major factor driving the market revenue growth. According to the World Health Organization, chronic diseases are the reason behind death of 41 million people per year, globally. Low-intensity sweeteners are sweeteners with few to no calories without affecting the sweet taste of meals and beverages. Low-calorie sweeteners aid with weight maintenance or weight loss as part of a healthy diet. It does not increase blood sugar levels, hence making them a better alternative for people who have diabetes which is also driving the market revenue growth.
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Rising demand for low intensity sweeteners in various food and beverage applications such as frozen desserts, candy, and others is another factor driving the market revenue growth. Consumers are becoming more aware of the negative consequences of sugar consumption such as obesity, and type 2 diabetes, as a result, there is rising demand for sugar alternative products which is leading to an increase in the consumption of low-calorie, sugar-free food, and beverage hence contributing to the market revenue growth.
However, high cost associated with the production of low intensity sweeteners is a major factor restraining the market revenue growth.
Scope of Research
| Report Details | Outcome |
| Market size in 2022 | USD 3.10 Billion |
| CAGR (2023–2032) | 4.7% |
| Revenue forecast to 2032 | USD 4.88 Billion |
| Base year for estimation | 2022 |
| Historical data | 2019–2021 |
| Forecast period | 2023–2032 |
| Quantitative units | Revenue in USD Billion and CAGR in % from 2023 to 2032 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Type of sweeteners, application, form, distribution channel, consumer preference, and region. |
| Regional scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Country scope | U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Benelux, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, Rest of MEA |
| Key companies profiled | ADM, Anderson Global Group, LLC, Roquette Frères, Matsutani Chemical Industry Co., Ltd, Whole Earth Brands, CJ CHEILJEDANG CORP, Samyang Corporation, Daesang, VW-Ingredients, Hylen. |
| Customization scope | 10 hours of free customization and expert consultation |
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Major Companies and Competitive Landscape
The global low intensity sweeteners market is fragmented with large and medium-sized market players accounting for the majority of revenue. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective in the market. Some major players included in the market report are:
- ADM.
- Anderson Global Group, LLC.
- Roquette Frères.
- Matsutani Chemical Industry Co., Ltd.
- Whole Earth Brands.
- CJ Cheiljedang Corp.
- Samyang Corporation.
- Daesang.
- VW-Ingredients.
- Hylen.
Strategic Development
- On 12 October 2022, Better Nutritionals, a cutting-edge manufacturer, and Research and Development (R&D) leader in nutritional supplements in the gummy category, and DouxMatok, a food tech company and the developer of Incredo Sugar, announced a partnership to provide better nutritionals' network of customer’s sugar-reduced gummies with the same great taste as standard gummies. Better Nutritionals and DouxMatok created vegan nutraceutical goods using Incredo Sugar, which opens up a slew of new potential for clients, to offer products free of artificial sweeteners, high-intensity sweeteners, or sugar alcohols.
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Some Key Highlights From the Report
- The stevia segment accounted for a significantly large revenue share in 2022. Rising demand for stevia-based sweeteners owing to their zero-calorie component that is safe for diabetics to use and is tooth-friendly which are major factors driving revenue growth of this segment. Stevia contains no sugar and few calories, as a result helps to maintain a healthy diet without sacrificing flavor hence is utilized in the food and beverage industry. Stevia sweeteners can be used in various applications such as ice cream, sauces, desserts, yoghurt, soda beverages, seafood, and among others which are driving revenue growth of this segment. Moreover, Stevia is used in sugar-free syrups and liquid medications, to make them more palatable which is also driving revenue growth of this segment.
- The liquid segment accounted for a significantly large revenue share in 2022. Rising demand for liquid low-intensity sweeteners since they provide sweetness without adding significant calories to foods and beverages hence making them a healthy option for individuals looking to reduce their calorie intake and manage their weight which is a major factor driving revenue growth of this segment. Liquid zero-calorie sweeteners are made from a combination of high-intensity sweeteners such as stevia, monk fruit, sucralose, or saccharin and water. They are easily mixed into both hot and cold beverages, making them a convenient option for coffee, tea, cocktails, and other drinks which is also contributing to revenue growth of this segment.
- The online retail segment accounted for a significantly large revenue share in 2022. It is attributed to factors such as no additional costs as products can be shipped directly from sellers to the customers. Revenue growth of this segment is attributed to low product costs, discounts available throughout the year, and online retailers providing detailed product information, such as ingredient lists, and nutritional content, which helps consumers make informed purchasing decisions. Other factors such as convenience, and doorstep service, are also contributing to revenue growth of this segment.
Browse the complete Global Low Intensity Sweeteners Market Research Report – Industry Analysis, Size, Share, Growth, Trends @ https://www.emergenresearch.com/industry-report/low-intensity-sweeteners-market
For the purpose of this report, Emergen Research has segmented the global low intensity sweeteners market on the basis of type of sweeteners, application, form, distribution channel, consumer preference, and region:
- Type of Sweeteners Outlook (Revenue, USD Billion; 2019–2032)
-
- Stevia
- Monk Fruit Extract
- Aspartame
- Saccharin
- Sucralose
- Application Outlook (Revenue, USD Billion; 2019–2032)
-
- Food Products
- Beverages
- Pharmaceuticals
- Personal Care Products
- Others
- Form Outlook (Revenue, USD Billion; 2019–2032)
-
- Liquid
- Powder
- Distribution Channel Outlook (Revenue, USD Billion; 2019–2032)
-
- Online
- Consumer Preference Outlook (Revenue, USD Billion; 2019–2032)
- Natural Sweeteners
- Sugar Substitutes
- Low-Calorie Sweeteners
- Regional Outlook (Revenue, USD Billion, 2019–2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- Rest of MEA
- North America
-
- Retail Stores
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