Commodities Sweeteners Ingredients Forecast and CAGR
According to latest research by Transparency Market Research report, commodities sweeteners ingredients is to observe steady growth during 2021-2031. Demand for sweeteners will witness a growth in short-term, with optimistic demand outlook in the long-run for particular market.
Global Commodities Sweeteners Ingredients Market Forecast
The consumers rising concerns over the occurrence of diabetes and obesity around the world have to led the necessity of utilizing sugarless and low calories food and beverage products. Consumers across the globe are getting educated about the benefits of low calorie based components, thus consumers are increasingly opting for food and beverage that include specific ingredients. Thus, increased demand for a low-calorie diet is stimulating the sweetener ingredients market. Rising consumer’s interest in unique healthy food, increasing demand for zero-calories, and awareness of sugar substitutes are some of the prominent factors of market’s growth.
The considered importance of the natural sweeteners being widely used in stevia, alcohol sugar, syrups, and prebiotic fibers are driving further growth for the sweeteners ingredients. In addition, the alteration in the preferences of convenience food, rising disposable incomes, and large-scale urbanization have led the market growth for the ingredients globally. In addition, the global sweeteners ingredients market is segmented by type, application, and region. By type, sweetener ingredient market is further segmented by sucralose, aspartame, stevia, saccharin, neotame. Besides, the sweeteners are also categorized in sugar, high intensity, and high fructose.
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What is Driving Demand for Commodities Sweeteners Ingredients?
Consumers are aiming to improve their health and quality of lifestyle which attributes to the high demand for reduced calories food and beverage products. The rise in the health concerns patterns and more focus on eating clean with lifestyle preferences has coupled awareness about the products. Additionally, the operating producers in the sweeteners market are diversifying the portfolios by capturing the consumer’s interest in organic stevia, organic honey, and organic sugar. Furthermore, apart from organic sweetener, there is also high demand for artificial sweeteners like sucralose, and aspartame additives more often used for sweetening a variety of food and beverage products. These characteristics and benefits bolster the growth of the commodities sweetener ingredients.
The growing concerns of overweight globally have pulled the trend of consuming low-calorie or no-calorie food. The developed regions like Europe and North America are currently facing the issues of obesity and diabetes, which further drive the demand for such nutrient-based sweetener ingredients. The ever-growing demand for on-the-go beverages such as coffee, tea, and juices amongst others is expected to propel opportunities for the sweetener market during the forecast period.
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Global Commodities Sweeteners Ingredients Market Outlook
Furthermore, the growing cases of diabetes and dental caries, shaping the demand for sweeteners ingredients market. Owing to the awareness and increased dietary food consumption in the developed regions are witnessing growth in the market. Although developed regions like Europe and North America observing the great demand for high-intensity sweeteners which has led to further market growth for the product in the region.
Increasing health distresses, concerning the harmful effects of table sugar, and the rising occurrence of lifestyle diseases, like diabetes and heart diseases, have further driven consumers to go for healthy alternatives which supplement the growth of the sweeteners ingredients.
Who are the Key Producers and Suppliers of Commodities Sweeteners Ingredients?
Cargill Inc. company, Kerry group, the Hermes Sweeteners Ltd, Stevia First Corporation, Celanese corporation, Ingredion Danisco company, Corbion Purac company, JK Sucralose Incorporation, Fraken Biochem company. Sigma Aldrich Pte. Ltd., Tate & Lyle Plc, DuPont, Nestlé S.A, Roquette Frères, Archer Daniels Midland (ADM)
The global market of sweeteners ingredients is considered to be fragmented with the dominance of major players. Besides, manufacturers are working on partnerships, joint ventures, and mergers and acquisitions to expand market penetration and strengthen market share. The major producers of the product in the market, aim to launch new sweetener ingredients with high-quality superfoods with more nutritional values. This competition within top players in the market shows the value of sweetener ingredients in developing and developed regions worldwide. Along with supervisory sanctions by European Food Safety Authority (EFSA) and Food and Drug Authority (FDA) to sweeteners, such as saccharin and aspartame, are also expected to fuel the demand from end-use industries.
The global market of sweeteners ingredients highly obstructed due to the pandemic of covid-19. The slower production has obstructed the global supply chain due to the pandemic. Regions such as North America, Europe, and the Asia Pacific regions play a key role in the global sweetener ingredients market. The lockdown imposed in these regions has affected the supply of the product in the global market. However, owing to the heavy consumption of sweetener based products in the regional parts the market is anticipated to grow in near future.
By End-Use Industry
- Food and Beverages
- Bakery & Confectionary
- Dairy Products
- Soups & Sauces
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
The world has undergone a major shift in the way of living since the COVID-19 pandemic struck. A notable change in the functioning of various businesses and sectors has influenced their working mechanisms extensively. The food and beverage sector is no stranger to this change. Transparency Market Research (TMR) has studied many aspects concerning the difference between the trends in the pre-pandemic and post-pandemic world across the food and beverage industry.
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