Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.78 Billion | USD 6.05 Billion | 4.8% | 2023 |
According to Zion Market Research, the global Global Low-Intensity Sweeteners Market was worth USD 3.78 Billion in 2023. The market is forecast to reach USD 6.05 Billion by 2032, growing at a compound annual growth rate (CAGR) of 4.8% during the forecast period 2024-2032.
The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Global Low-Intensity Sweeteners Market industry over the next decade.
Low-intensity sweeteners are sugar substitutes that provide sweetness with fewer calories than regular sugar. They are less sweet than high-intensity sweeteners and are often used in combination with other sweeteners in products like beverages, baked goods, and processed foods.
Rising demand for healthy and low-calorie food & beverages is predicted to bolster the expansion of the worldwide low-intensity sweeteners market within the forecast period. Low-intensity sweeteners are growing rapidly and can still do so within the coming years. Asia Pacific region dominates the low-intensity sweeteners market in 2014, thanks to increasing demand for low-calorie food and natural sweeteners. In the Asia Pacific region, China was the main marketplace for low-intensity sweeteners market. North America is predicted to possess moderate growth within the near future. Low-intensity sweeteners demand for confectionery products will drive growth within the European region. Europe is that the second largest marketplace for low-intensity sweeteners.
The Global Low-Intensity Sweeteners Market has witnessed a decrease in the sales for overall food and beverages products due to the lockdown enforcement placed by governments to contain COVID spreading. People had no option but to remain indoors, so the consumption of products had decreased drastically. The restrictions imposed by various nations to contain COVID had stopped the production resulting in disruption across the whole supply chain. However, the world markets are slowly opening to their full potential, and theirs a surge in demand for Global Low-Intensity Sweeteners.
In recent years, there has been an unceasing rise in life expectancy and more attention to quality. Consumers are progressively becoming more aware of their health and have started paying more attention to their lifestyles and healthy diets, which has rushed the demand for Global Low-Intensity Sweeteners across the globe. Also, the young generation giving more importance to their fitness may drive the market growth in a positive way within the near future. Growing interest, increasing healthcare expenditure, and rising awareness among people regarding proper diet which advances a system are a number of the key factors boosting the worldwide market.
On the basis of type, the low intensity sweeteners market is segmented as isomaltuolose, trehalose, allulose, tagatose, and xylitol. Among which xylitol segment is expected accounted for the major revenue share in the low intensity sweeteners market over the forecast period. Trehalose and isomaltulose segments are followed by the xylitol segment in terms of revenue share. The main function of xylitol is for easy digestion in the body, low calories, and low glycemic index which has resulted in increasing demand in various applications.
On the basis of application, low intensity sweeteners are categorized into bakery, food & beverages, confectionery, table-top sweetener, pharmaceuticals and other low intensity sweeteners. Increasing demand for low calorie, changing consumer dynamics, food & beverage ingredients are responsible for growing the low intensity sweeteners market. Among all applications, food & beverages accounted for the largest market share, followed by table-top sweetener and pharmaceuticals. Innovations in products and processes have enabled suppliers to produce variants of low intensity sweeteners.
Report Attributes | Report Details |
---|---|
Report Name | Global Low-Intensity Sweeteners Market |
Market Size in 2023 | USD 3.78 Billion |
Market Forecast in 2032 | USD 6.05 Billion |
Growth Rate | CAGR of 4.8% |
Number of Pages | 145 |
Key Companies Covered | Cargill Inc., Ingredion, Roquette Freres SA, Matsutani, Sudzucker AG, Tate and Lyle, Purecircle, and Mitsui |
Segments Covered | By Type, By Application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Globally, the low-intensity sweeteners market was dominated by the Asia Pacific region in 2018. Growing demand for healthy and low-calorie food and beverages in the Asia-Pacific region drives the low-intensity sweeteners market. China was the major market for low-intensity sweeteners in the Asia Pacific region. After the Asia Pacific, North America is also a leading region in the low-intensity sweeteners market. The US has proved to be the largest consumer, experiencing the highest demand for these products in the region, owing to growing health consciousness and increasing disposable income of consumers. In Latin America, Brazil is a major supplier of sucrose and is expected to gain market share during the forecast period.
Some of the key players operating in the market are:
By Type
By Application
By Region
FrequentlyAsked Questions
Low-intensity sweeteners are sugar substitutes that provide sweetness with fewer calories than regular sugar. They are less sweet than high-intensity sweeteners and are often used in combination with other sweeteners in products like beverages, baked goods, and processed foods.
According to study, the Low-Intensity Sweeteners Market size was worth around USD 3.78 billion in 2023 and is predicted to grow to around USD 6.05 billion by 2032.
The CAGR value of Low-Intensity Sweeteners Market is expected to be around 4.8% during 2024-2032.
Asia Pacific has been leading the Low-Intensity Sweeteners Market and is anticipated to continue on the dominant position in the years to come.
The Low-Intensity Sweeteners Market is led by players like Cargill Inc., Ingredion, Roquette Freres SA, Matsutani, Sudzucker AG, Tate and Lyle, Purecircle, and Mitsui.
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