Alternative Sweeteners Market -Overview
Many consumers are adopting low-sugar diets due to rising health concerns and the desire to reduce the risk of lifestyle diseases, which is fueling the worldwide alternative sweeteners industry's expansion. By 2030, the market for alternative sweeteners is expected to develop at a considerable rate of 4.8%, reaching a market value of USD 6,689.6 Million by 2030.
The rising popularity of diverse beverages in both industrialized and emerging countries fuels the expansion of the alternative sweeteners market. Furthermore, the global market is being fueled by the presence of major industry players in various regions.
Segmental Analysis
The Alternative Sweeteners Market Outlook has been segmented based on product type, application, and region. The alternative sweeteners market includes regions such as Europe, Asia-Pacific, North America, and the rest of the world. Based on product type, the alternative sweeteners market includes synthetic and natural. The application segment in the global market has been divided into food beverages, pharmaceuticals nutraceuticals, and animal feed.
Detailed Regional Analysis
Because of the huge processed food industry's strong demand, North America is likely to command the alternative sweeteners market globally. With significant production and trade of various beverages, developed countries such as the United States and Canada are helping to expand the alternative sweeteners business. Furthermore, the continued expansion of energy and sports drinks is expected to boost the Alternative Sweeteners Market Insights in the forecast period. Due to changing lifestyles and increased urbanization in the area, Asia-Pacific is predicted to have the highest CAGR in the alternative sweeteners segment is expected to witness. The alternative sweeteners market in Asia-Pacific is growing due to rising consumer health concerns and major market competitors. Furthermore, throughout the projection period, the growing government initiative to increase the pharmaceutical business is expected to drive alternative sweetener demand.
Competitive Analysis
The market's players are anticipated to seek supply chain revisions to encourage the market's expansion into new sectors and demographics. The global market's reaction to increased efficiency levels is projected to unleash fresh and dramatic transformations in the approaching future. In the next year, the increase in business interests is expected to put market competitors in a better position during the forecast period. During the projection timeframe, the market is expected to gain a lot from market signals while also examining its customer base to suit their wants better. Because of the government's involvement in re-energizing the international market, the different regional markets will continue to grow steadily. The new growth endeavors are expected to boost the company's future goal attainment trend and are thus regarded as critical to its expansion. Businesses in the market are expected to incorporate social impact aims shortly, ushering in a new planning phase in the industry. In the coming years, digital aspects of business operations are expected to become more prominent.
The notable companies in the alternative sweetener market are Hill Pharmaceutical Co. Ltd. (China), Azúcares Prieto (Spain), DuPont Nutrition Health (Denmark), Tate Lyle Plc (U.K.), Macandrews Forbes Incorporate (U.S.), Ingredion Incorporated (U.S.), JJD Enterprise (India), Roquette Freres S.A. (France), Archer Daniels Midland Company (U.S.), Associated British PLC (U.K.), Denk Ingredients (Germany), Cargill Incorporated (U.S.), Niutang Changhai Food Additives Co, Ltd. (China), A.B. Enterprise (India), and Sunwin Stevia International (China).
News
Apr 2022 Artificial sweeteners have been linked to an increased risk of cancer, according to new studies. The latest study, published in the journal PLOS Medicine, looked into the link between artificial sweetener consumption from the most common supermarket sweeteners and cancer risk. Aspartame, acesulfame-K, and sucralose were among the sweeteners tested. The study involved 102,865 participants from the NutriNet-Santé French population cohort over 7.8 years (2009-2021), in which the cohort's "dietary intakes and use of sweeteners were acquired via repeated 24-hour dietary records containing brand names of industrial items."
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