The Natural Sweeteners Global Market Report 2023 by The Business Research Company, provides natural sweeteners market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Natural Sweeteners Global Market Report 2023, the market size grew from $5.37 billion in 2022 to $5.8 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the natural sweeteners market is expected to grow to $7.38 billion in 2027 at a CAGR of 6.2%.
The increasing prevalence of diabetes and obesity is expected to propel the growth of the natural sweeteners market in the coming years. A large portion of the population is choosing low sugar options to manage their diabetes and obesity conditions. Many individuals are switching from refined table sugar and high-fructose corn syrup to natural sweeteners because they are a healthier alternative to refined sugars and can help people lose weight.
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The natural sweeteners market is segmented:
1) By Type: Stevia, Sorbitol, Xylitol, Mannitol, Erythritol, Sweet Proteins, Other Types
2) By Application: Bakery Goods, Sweet Spreads, Confectionery And Chewing Gums, Beverages, Dairy Products, Other Applications
3) By End-User: Food And Beverages, Pharmaceutical, Direct Sales, Other End-Users
The growing product innovations are shaping the natural sweeteners market. Major companies operating in the natural sweeteners sector are focused on developing product innovations to strengthen their position. For instance, in 2020, DouxMatok, an Israel-based sweetener-alternative start-up launched Incredo Sugar using proprietary technology. Incredo Sugar, which is created from actual cane or beet sugar is a unique solution for sugar reduction as it allows food products to be reduced in sugar by up to 50%.
The natural sweeteners market report table of contents includes:
1. Executive Summary
2. Natural Sweeteners Market Characteristics
3. Natural Sweeteners Market Trends And Strategies
4. Natural Sweeteners Market – Macro Economic Scenario
5. Natural Sweeteners Market Size And Growth
…………
26. Africa Natural Sweeteners Market
27. Natural Sweeteners Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Natural Sweeteners Market
29. Natural Sweeteners Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
ABF Ingredients
Archer-Daniels-Midland
Cargill Inc.
DuPont Nutrition & Biosciences
FoodChem International Corporation
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