250 Pages Artificial Sweetener Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider
The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.
The report offers actionable and valuable market insights of Artificial Sweetener. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Artificial Sweetener Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Artificial Sweetener market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Artificial Sweetener
This newly published and insightful report sheds light on Market Insights of Artificial Sweetener, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Artificial Sweetener Market.
According to newly released data by Fact.MR, the artificial sweetener market is expected to grow at a CAGR exceeding 3% over the 2021-2031 forecast period. The report estimates the market valuation to surpass US$ 2 Bn by 2021-end, taking a positive leap from US$ 1.8 Bn in 2020. Growing concerns regarding obesity are translating into a swift and broader consumer acceptance of healthy dietary plans. Artificial sweetener improves health and can compensate for a poor diet.
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Key Segments Covered
· Product Type
-
- Aspartame-based Artificial Sweetener
- Acesulfame-Potassium (Ace-K) based Artificial Sweetener
- Sucralose based Artificial Sweetener
- Saccharin based Artificial Sweetener
- Cyclamate based Artificial Sweetener
- Others (Neotame, Advantame)
· End Use Application
-
- Artificial Sweetener for Beverages
- Artificial Sweetener for Dairy Products
- Artificial Sweetener for Bakery & Confectionery
- Artificial Sweetener for Dietary Supplements
- Artificial Sweetener for Bread Spreads
- Artificial Sweetener for Pharmaceuticals
- Artificial Sweetener for Personal Care Applications
- Artificial Sweetener for Other Applications
· Form
-
- Powdered Artificial Sweeteners
- Artificial Sweetener Tablets
- Artificial Sweetener Syrup
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Fact MR’s latest report on the artificial sweetener market reveals vital aspects and estimates the market valuation to approach US$ 2.6 Bn by 2031. According to the analysis, the market is expected to grow at a CAGR surpassing 3% over the forecast period. In the short-run, a valuation of US$ 2 Bn has been projected by 2021.
Historically, from 2016 to 2020, the market registered considerable growth, closing in at US$ 1.8 Bn by the end of the aforementioned historical period. Heightened health consciousness amidst the COVID-19 pandemic crisis heightened sales of sugar-free or low-sugar foodstuffs and beverages, particularly across online platforms. This consequently boded well for the demand for artificial sweeteners.
Growing consumption of low-calorie food varieties, diet carbonated soft drinks, and sugar substitutes have been cited as key growth levers of artificial sweetener market. According to the World Sugar Organization, average per capita sugar consumption in 2019 stood at 22.1 kg. This number is expected to rise to 218 kg per capita by 2029. Naturally, such high sugar consumption will increase instances of obesity, hyperglycemia and diabetes. Therefore, sales of artificial sweeteners will impel further.
Key Takeaways from the Market Study
- By end use application, beverages to account for bulk of global demand, reaching US$ 1 Bn by 2022
- Bakery and confectionery remains the second-largest end user application segment.
- Aspartame-based artificial sweetener is anticipated to generate US$ 616 Mn opportunity by 2022-end.
- U.K to account for 30% of global artificial sweetener demand by 2031
- China to emerge as an opportunistic market, expanding at a CAGR of around 3%
- India to present credible growth opportunities, given the high proportion of diabetic population
“Reduced manufacturing costs compared to conventional sugar is likely to offer a pool of advantages for the manufacturers and stakeholders of the market”, says the Fact.MR analyst
Competitive Landscape
The competitive landscape section in the artificial sweetener market offers a deep dive into the profiles of the leading companies operating in the global market landscape.
Some of the key players in the artificial sweetener market include Roquette, Ajinomoto Co., Inc., JK Sucralose, McNeil Nutritionals, NutraSweet Property Holdings, Inc., Hermes Sweeteners Ltd., MORITA KAGAKU KOGYO CO., LTD., PureCircle, Sunwin Stevia International, Inc., and Zydus Wellness Ltd., among others.
- In January 2021, Roquette, BRAIN AG, and AnalytiCon Discovery announced the successful completion of the R&D phase for the development of Brazzein which is a protein sweetener naturally found in African berries Pentadiplandra brazzeana Baillon.
- This high intensive sweetener provides an outstanding sweetening potency still preserving taste profile and sugar-free functionality. As part of their newly agreed Joint Development Agreement (JDA), Roquette and BRAIN will now progress with the approval and industrial scale-up of the protein sweetener in the food and beverage sector.
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More Valuable Insights on Artificial Sweetener Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Artificial Sweetener, Sales and Demand of Artificial Sweetener, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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