Low Intensity Sweeteners Market

Global Low Intensity Sweeteners Market Size (2024 to 2029)

Global Low-Intensity Sweeteners Market size is expected to be USD 1.40 billion in 2024 and to achieve an extent of USD 1.83 billion by the end of 2029 to grow with a CAGR of 5.49% from 2024 to 2029.

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.

MARKET DRIVERS

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.

MARKET RESTRAINTS

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.

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.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Low Intensity Sweeteners Market By Application

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.

Low Intensity Sweeteners Market By Region

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.

KEY PLAYERS IN LOW INTENSITY SWEETENERS MARKET

Key Players In Low Intensity Sweeteners Market Are Gulshan Polyols Limited, Cargill Inc, EcogreenOleochemicals, Food Chem International Corporation, Spi Pharma Inc, ZuChem Inc, E.I. Du Pont de Nemours and Company, Matsutani Chemical Industry Co., Ltd, Ingredion Incorporated, Roquette Freres Company.

RECENT HAPPENINGS IN THE MARKET

• 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.

DETAILED SEGMENTATION OF GLOBAL NATURAL SWEETENERS MARKET INCLUDED IN THIS REPORT     

This research report on the global Natural Sweeteners Market has been segmented and sub-segmented based on application, & region.  

By Application

• Bakery
• Food And Beverage
• Confectionery
• Tabletop Sweetener
• Pharmaceuticals

By Region

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa