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Low Intensity Sweeteners Market By Type (Allulose, Xylitol, Tagatose, Trehalose And Isomaltuolose), By Application (Bakery, Beverages, Table Top Sweetener, Pharmaceuticals, Dairy And Desserts) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecast 2021 To 2027

Published: March, 2023
ID: 4863
Pages: 175
Formats: report pdf report excel report power bi report ppt

Low Intensity Sweeteners Market Size, Share - (2022-2027)

Low-Intensity Sweeteners Market was estimated to be USD 1.40 billion in 2022 and is anticipated to reach an extent of USD 1.82 billion by the end of 2027.

Low Intensity Sweeteners Market Overview

The Low-Intensity Sweeteners Market is likely to record a CAGR of 5.49% throughout the foreseen period 2022 - 2027. A sweetener is a substance that is added to food to give it the basic taste of sweetness. This substance is commonly known as a sugar substitute. Low-intensity sweetener is a type of sugar substitute with much lower dietary energy than a sugar-based sweetener, making it a no-calorie or low-calorie sweetener. Low-intensity sweeteners keep insulin levels unchanged after consumption. In general, people with diabetes and obesity prefer to use low-intensity sweeteners.

Recent Developments

  • PureCircle announced that it had obtained approval for its new stevia leaf sweetener Reb M in Singapore, which will help food companies produce fat-free and calorie-free products. These new sweeteners are certified as non-GMO (genetically modified organisms). This new sweetener will provide a delicious taste without added sugar.

  • Amyris, Inc. announced the launch of its new calorie-free sweetener derived from sugar cane. It is entirely made from natural and timeless sources. The main goal is to provide people with high-quality products that help them stay healthy without increasing calories.

  • the American company Archer Daniels Midland launched new sweetener brands "VerySweet monk fruit" and "SweetRight stevia".

  • the Coca-Cola Company launched Vanilla Orange Coke and Zero Sugar Vanilla Orange Coke, which contain low amounts of sugar and few calories.

Low Intensity Sweeteners Market Drivers and Restraints

The growing popularity of low-calorie foods to combat obesity, diabetes, and other lifestyle-related diseases is a major factor in the growth of the global low-intensity sweetener market. In addition, the growing preference for sugar substitutes and product development activities for sugar substitutes are factors likely to support the growth of the target market in the near future. Also, the increasing demand for natural sweeteners from the food and beverage industry in developed countries and some developing countries is another important factor that is expected to drive global market growth during the forecast period. In addition, the development of innovative products at a lower price, should generate potential revenue opportunities for players operating in the market. Low-intensity sweeteners are used as sugar substitutes because they provide a sweet taste with reduced calories. Additionally, the drive toward a low-calorie diet to lose weight and to treat associated health problems is a key factor in fueling the demand for low-intensity sweeteners.

However, high manufacturing cost is a major factor that can hamper the growth of the target market. Also, strict regulations for some ingredients used in the manufacture of low-intensity sweeteners along with approval times are factors that can hamper the global market growth to some extent. On the other hand, the strict regulations for the inclusion of ingredients used in the manufacture of low-intensity sweeteners and the delay in approval are key factors that somewhat hinder the growth of this market. The increasing cost of introducing new products and consumer resistance to these products are negatively impacting the growth of this market. However, the growing demand for products of natural origin like stevia has opened up new growth opportunities.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 - 2026

Base Year

2021

Forecast Period

2022 - 2027

CAGR

5.49%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

Gulshan Polyols Limited, Cargill Inc., EcogreenOleochemicals, Food Chem International Corporation, Spi Pharma Inc., ZuChem Inc.

Low Intensity Sweeteners Market Segmentation:

Depending on the type

  • isomaltuolose

  • trehalose

  • allulose

  • tagatose

  • xylitol

According to the application

  • bakery

  • food and beverage

  • confectionery

  • tabletop sweetener

  • pharmaceuticals

The rising call for low-calorie food ingredients and beverages and the shift in consumer dynamics are promoting the expansion of the low intensity sweetener business. Of all applications, food and beverages accounted for the largest market share, followed by tabletop sweeteners and pharmaceuticals. Product and process innovations have enabled suppliers to produce low intensity sweetener variants.

Impact of covid-19 on Low Intensity Sweeteners Market

COVID-19 will continue to impact the food industry and its supply chains. Meeting short-term demands shouldn't be a major challenge for most companies in the food industry, but industry experts and analysts have expressed a lack of clarity on the degree and extent of the impact sprouts. Due to this uncertainty, the F&B sector experienced delays in the supply of products. Many companies have launched contingency plans to build in-depth supply chain facilities across the country. Food retailers remain committed to preserving local supplies to combat the danger of interregional transportation bans. Food manufacturers with services in other countries have begun working with local suppliers to keep products moving and overcome potential ingredient shortages. The F&B culture that had flourished over the past decades will have to see new challenges with the slowdown of the Corona virus, such as recovering from losses and a preference for ordering food online. Additionally, condensed traffic to hotels will have an understandable cascading effect on returns to the food and beverage industry, affecting the entire market ecosystem.

Regional Analysis:

  • North America,

  • Asia Pacific,

  • Europe,

  • Latin America,

  • Middle East and Africa.  

Globally, North America is foreseen to rule the low intensity sweeteners business during the outlook period. There are a growing number of obese and diabetic people in North America. Consumers in the region are more interested in food products that contain fewer calories and fewer sweeteners. These factors are influencing the growth of the Low Intensity Sweeteners market in the region. Changing dietary habits of consumers in the region is creating a high demand for low intensity sweeteners and is expected to drive the market for low intensity sweeteners during the forecast period.

Asia Pacific is supposed to garner the highest CAGR in this market over the conjecture period. The number of health-conscious consumers is increasing in the region, who prefer to include sugars or low intensity sweeteners in their diet rather than regular sugars. In accordance with the interest of consumers, most of the food processing industries also use low intensity sweeteners in their products to meet their needs in the region. And there is a wide application of low intensity sweeteners in bakery and confectionery products, as well as in the manufacture of beverages. These factors are expected to catalyze the growth of the Low Intensity Sweeteners market during the evaluation period.

Low Intensity Sweeteners Market Key Players:

  1. Gulshan Polyols Limited, Cargill Inc.

  2. EcogreenOleochemicals

  3. Food Chem International Corporation

  4. Spi Pharma Inc.

  5. ZuChem Inc.

  6. E.I. Du Pont de Nemours and Company

  7. Matsutani Chemical Industry Co., Ltd.

  8. Ingredion Incorporated

  9. Roquette Freres Company

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