The low calorie sweeteners global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Low Calorie Sweeteners Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The low-calorie sweeteners market size has grown strongly in recent years. It will grow from $26.81 billion in 2023 to $28.38 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to increased health concerns, demand for foods and beverages containing natural low-calorie sugar, increasing awareness of immune and rising health problems, rise in diabetic population, and rising preference for a healthy alternative to regular sweeteners or sugars.
The low-calorie sweeteners market size is expected to see strong growth in the next few years. It will grow to $35.86 billion in 2028 at a compound annual growth rate (CAGR) of 6%. The growth in the forecast period can be attributed to rising customer demand, growing concern among consumers regarding weight gain, increased demand for foods and drinks containing natural and low-calorie sugar, increase in income and purchasing power, and consumption of stevia. Major trends in the forecast period include cutting-edge technology, continued innovation, new product developments, sophisticated design and packaging, digital platforms, and e-commerce.
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Scope Of Low Calorie Sweeteners Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Low Calorie Sweeteners Market Overview
Market Drivers –
The growing prevalence of diabetes is expected to propel the growth of the low-calorie sweetener market going forward. Diabetes is a chronic metabolic disease characterized by elevated blood glucose levels, either due to insufficient insulin production by the pancreas or the body’s inability to use insulin effectively. Modern lifestyles often involve prolonged sitting and reduced physical activity, which can lead to weight gain and increased risk of diabetes. Additionally, Diets high in processed foods, refined sugars, and unhealthy fats contribute to weight gain and insulin resistance. Low-calorie sweeteners offer a way for people with diabetes to enjoy sweet flavors without causing spikes in blood sugar, aiding in more effective blood sugar management. For instance, in June 2023, according to a report by the International Diabetes Federation, a Belgium-based national diabetes association, the total number of people living with diabetes is expected to increase to 643 million by 2030 and 783 million by 2045. Therefore, the growing prevalence of diabetes is driving the growth of the low-calorie sweetener market.
Market Trends –
Major companies operating in the low-calorie sweetener market are developing natural sugar alternatives with zero calories to meet the growing consumer demand for healthier, sugar-free options that do not compromise taste or functionality. Natural sugar alternatives with zero calories are sweeteners designed to mimic the taste of sugar without adding calories. For instance, in June 2023, Wisdom Natural Brands, a US-based sweetener products company, launched zero-calorie options and three 50% reduced-calorie sugars. These new products offer natural alternatives to sugar, featuring the market’s first reduced-calorie coconut and date sugars. It is made with ingredients such as allulose, inulin, stevia leaf extract, and monk fruit extract; these sweeteners provide the same taste, baking performance, and browning properties as sugar without artificial ingredients or the cooling effect of erythritol.
The low calorie sweeteners market covered in this report is segmented –
1) By Type: Stevia, Aspartame, Neotame, Advantame, Sucralose, Saccharin, Acesulfame Potassium
2) By Category: Natural, Synthetic
3) By Application: Food and Beverages, Bakery Products, Oral Care Products, Dairy Products, Sauces, Soft Drinks, Pharmaceuticals
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Regional Insights –
Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the low calorie sweeteners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the low calorie sweeteners market are Cargill Incorporated, Archer-Daniels-Midland Company, PepsiCo Inc., The Kraft Heinz Company, E.I. Du Pont de Nemours and Company, Ajinomoto Co. Inc., Celanese Corporation, Ingredion Incorporated, Roquette Frères S.A., Döhler GmbH, Tate & Lyle PLC, Glanbia Nutritionals Inc., Beneo GmbH, Batory Foods Inc., Cumberland Packing Corp., Merisant Company, NutraSweet Company, Pyure Brands LLC, Hermes Sweeteners Ltd., Foodchem International Corporation, SweetLeaf Stevia, ZuChem Inc, JK Sucralose Inc., SweeGen Inc
Table of Contents
1. Executive Summary
2. Low Calorie Sweeteners Market Report Structure
3. Low Calorie Sweeteners Market Trends And Strategies
4. Low Calorie Sweeteners Market – Macro Economic Scenario
5. Low Calorie Sweeteners Market Size And Growth
…..
27. Low Calorie Sweeteners Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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