Low-Intensity Sweeteners Market Overview

Low-Intensity Sweeteners Market Size was valued at USD 2.1 billion in 2022. The Low-Intensity Sweeteners market industry is projected to grow from USD 2.2554 Billion in 2023 to USD 3.46137 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.40% during the forecast period (2023-2030)—rising frequency of Consumer inclination towards low-calorie food. Furthermore, increasing demands for low-calorie products and the growing health awareness amongst consumer groups are the key market drivers enhancing the market growth.

Drivers and Constraints Impacting the Market

There has been a drastic change in lifestyle along with changing food habits in different parts of the world in the past few years, adversely affecting the health of the individuals. Cutting down on sweets is one of the easiest ways to attain healthy living. Such factors are highly stimulating the growth of the low-intensity sweeteners market across the globe. With the soaring popularity of low-calorie food to address obesity, diabetes, and other lifestyle diseases, the demand for low-intensity sweeteners is increasing. The inclination towards a low-calorie diet for reducing weight is another key factor triggering the demand for low-intensity sweeteners Market during the assessment period.

Moreover, investments in research and development activities to introduce novel products are the prime focus of key leaders to serve the spiraling demand for sugar-free products. Additionally, innovation in products and availability of the same in a variety of forms such as stick pads, tablet format, and packet form are which are convenient to carry and suitable for traveling are further contributing to the growth of the market.

On the flip side, strict mandates for the inclusion of ingredients that are used to manufacture low-intensity sweeteners coupled with the delay in approval are some of the major concerns considered to dampen the market growth to some extent. Moreover, the increased cost to introduce new products coupled with the consumer resistance to the same is also negatively impacting the market growth during the assessment period.

Industry Updates

December 16, 2018: The Federal Institute of Industrial Research Oshodi has recently partnered with the Lagos State University, the International Conference on Alternative Sweeteners, and others to develop simple process technologies for optimization and commercial extraction of high-grade Miraculin and Thaumatin, which is a low-calorie flavor modifier and sweetener.

Segmental Analysis

The global Low Intensity Sweeteners Market Trends size has been segmented based on type, application, and region.

By mode of type, the global low-intensity sweeteners market has been segmented into tagatose, xylitol, trehalose, allulose, iso-maltulose, and others. Among these, the trehalose segment is considered to hold the major market share during the assessment period. The launch of novel products with the use of trehalose is one of the major factors for the growth of the segment.

By mode of application, the global low-intensity sweeteners market size industry has been segmented into beverages, bakery foods, dairy & allied products, confectionery, pharmaceuticals, tabletop sweeteners, and others. Among these, the beverages segment is predicted to retain its dominance owing to the growing demand for sugar substitutes in beverage products.

Read More : https://www.marketresearchfuture.com/reports/low-intensity-sweeteners-market-1243

Regional Insights

Geographically, the low-intensity sweeteners market span across regions namely, Asia Pacific, Europe, North America, and Rest-of-the-World (Row).

Among all the regions, the Asia-Pacific region is considered to dominate the global low-intensity sweeteners market and is estimated to retain its dominance in the coming years. the growth in this region is attributed to the augmenting awareness of the consumer coupled with the demand for convenience food. China has been the major market for low-intensity sweeteners in this region. The North American region is predicted to register the maximum growth rate in the global low-intensity sweeteners market owing to the substantial R&D activities in this region.

Competitive Dashboard

The prominent Low-Intensity Sweeteners Key Market Players operating the global low-intensity sweeteners market are Tate and Lyle (U.K), Südzucker AG (Germany), Mitsui (Japan), Cargill Inc. (U.S.), Roquette Freres SA (France), Purecircle (Malaysia), Ingredion (U.S.), NutraSweet Company (U.S.), and Matsutani (Japan).

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