Market Scenario
Market Research Future (MRFR) speculates that the global low calorie sweeteners market is estimated to reach USD 407.9 billion by 2032, at a CAGR of 7.20% during the appraisal period (2023 - 2032). The health benefits associated with the intake of low calorie sweeteners are likely to encourage the market growth in the coming years. low-calorie sweeteners are referred to as compounds which taste sweet but contains zero calories. This property makes it useful in maintaining the blood glucose level among diabetic patients. The commonly used low calorie sweeteners are acesulfame, saccharin, neotame, aspartame, and sucralose.
Market Potential and Pitfalls
The low-calorie sweeteners market outlook is expected to steal the spotlight during the appraisal period as the surging population demand for natural products has witnessed a downfall in artificial low calorie sweeteners compared to the natural sweeteners. The market is likely to experience a sturdy growth rate owing to its diverse potential application in the F&B sector. The demand for low-calorie sweeteners is likely to escalate owing to the increased consumption needs for sugar substitutes and convenience food with low-calorie. The surging health awareness among the consumers is likely to affect the market in the coming years positively. The low-calorie sweeteners have further gained popularity in the ready-to-eat food as it satisfies the appetite for sweetness and also maintains the blood glucose levels in diabetic patients over conventional sugars. The sugar substitutes play a crucial role in weight management. With the increasing number of obese population, the market for low calorie sweeteners is predicted to flourish. Moreover, several products have been launched by the beverage manufacturers such as energy and diet drinks which is enabling the market to reach out to a wider range of audiences.
On the contrary, the use of artificial low-calorie sweeteners has raised concern across the globe due to its safety issues like intolerance and allergy which is estimated to inhibit the market’s growth during the appraisal period. Moreover, the dearth of awareness associated with the use of low-calorie sweeteners and the high cost compared to sugar is likely to restrict the market growth in the long run.
Global Low Calorie Sweeteners Market: Segmental Analysis
The global low calorie sweeteners market has been segmented on the basis of type, application, and distribution channel.
By mode of type, the global low-calorie sweeteners market has been segmented into artificial and natural. Among these, the artificial low calorie sweeteners command for a major share owing to its low cost. The inclination towards the use of natural products and surging health concerns have led the F&B companies to switch for alternatives for sugar.
By mode of application, the global low-calorie sweeteners market has been segmented into pharmaceutical, food & beverage, personal care products, and others. Among these, the food & beverage segment is estimated to hold a major share due to the increased demand for convenience food among the consumers.
By mode of distribution channel, the global low-calorie sweeteners market has been segmented into store-based and non-store based. Among these, the sale through store-based distribution channel is estimated to dominate the market owing to the convenient one-stop shopping experience. Meanwhile, the non-store based distribution channel is estimated to gain prominence in the coming years due to the growing popularity of e-commerce across the globe.
Regional Insights
Geographically, the low-calorie sweeteners market share span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).
Considering the global scenario, North America is estimated to dominate the global market and is likely to retain its position in the foreseeable future. The growth can be ascribed to the surging consumer awareness coupled with the high demand for convenience food. The rapid growth in the number of consumers affected by health problems associated with a sedentary lifestyle is estimated to contribute to the growth of the market in this region
The Asia Pacific region is likely to witness the maximum growth rate owing to the ever-increasing population and rising disposable income especially in economies like India and China which have further resulted in the high demand for healthy food and beverage items. With the surging pharmaceuticals and healthcare industries, the market in this region is considered to flourish.
Competitive Dashboard
The prominent players operating in the global low calorie sweeteners market comprises Tate & Lyle (U.K.), Archer Daniels Midland (the U.S.), Cargill Inc. (the U.S.), E. I. du Pont de Nemours and Company (the U.S.), Celanese Corporation (the U.S.), Ingredion Inc. (the U.S.), and NutraSweet (the U.S.).
Industry Updates
April 19, 2019: A new low-calorie sweetener, Allulose has promised all the comfort and flavor of real sugar without any drawbacks. Allulose looks like sugar, feels like sugar, and even tastes like sugar and contains only 0.4 calories per gram.
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Alternative Sweeteners Market Research Report Information by Product type (Synthetic, (Aspartame, Acesulfame-K, Sucralose, and Saccharin,) and Natural (Stevia, Sorbitol, Xylitol, and Erythritol), by Application (Food & Beverages (Bakery & Confectionary, Beverages, Dairy & Frozen Desserts, Sweet & Savory Snacks, and Others), Pharmaceutical & Nutraceuticals, Animal feed, and Others) and Region—Forecast till 2030
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