The Global Alternative Sweeteners Market Determined to Garner $1823.23 Million in Revenue by 2028

According to Triton’s report, the global alternative sweeteners market, which gained 1389.41 million in 2020, is envisioned to observe growth at 3.48% of CAGR by 2028.

A recent study by Triton Market Research titled ‘Global Alternative Sweeteners Market’ comprises the Global Analysis and Forecasts by Application (Beverage, Food, Other Applications), Product (High-Fructose Syrup, High-Intensity Sweetener [Acesulfame Potassium (Ace-K), Saccharin, Steviol Glycosides, Advantame, Aspartame, Sucralose, Monk Fruit Extract, Neotame], Low-Intensity Sweetener), and by Geography (North America, Europe, Middle East and Africa, Latin America, Asia-Pacific).

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Triton’s report suggests that the global alternative sweeteners market is probable to advance based on revenue at a CAGR of 3.48% through the examined period of 2021-2028. It is further likely to showcase revenue worth $1823.23 million by 2028.
Alternative sweeteners are low-calorie additives used in food and beverage as a substitute for sugar. They function to keep insulin levels in check, and are gaining demand from health-conscious consumers.

The low-calorie sweeteners primarily replace sugar, decreasing the level of calories and carbohydrates. These sweeteners offer more intense sweetness than conventional sugar. This makes their usage lesser in foods and beverages. Several beverage manufacturers are opting for sweeteners to produce low-calorie beverages. Hence, the growing demand for low-calorie sweeteners, paired with increasing concerns associated with obesity, is primarily augmenting the progress of the alternative sweeteners market worldwide.

However, health issues caused by overconsumption, increasing challenges for food manufacturers, and regulations on the sweeteners industry, are key factors significantly obstructing the alternative sweeteners market’s growth over the estimated period.

The market for alternative sweeteners is broadly divided into applications and products. In terms of application, the market is segmented into beverage, food, and other applications. The product section is branched into high-fructose syrup, high-intensity sweetener, and low-intensity sweetener. The high-intensity sweetener is further subdivided into acesulfame potassium (ace-k), saccharin, steviol glycosides, advantame, aspartame, sucralose, monk fruit extract, and neotame.

Geographically, the Asia-Pacific is leading in the alternative sweeteners market. The rapid growth can be attributed to the surge in health conditions such as obesity, hypertension, and diabetes, among others. These health conditions have compelled people in the region to decrease their sugar intake. Furthermore, the region’s demand for dairy products is expected to surge, which is set to supplement the demand for alternative sweeteners in flavored dairy products. Along with this, the health-conscious consumers are shifting from traditional sugary products to low-calorie beverages, adding to the growth of the alternative sweeteners market in the region’s nations.

Ingredion Inc, Associated British Foods, GLG Life Tech Corporation, Heartland Food Products Group, Archer Daniels Midland, Dupont Nutrition & Health, Cargill Inc, Tate & Lyle Plc, Purecircle Ltd, Batory Foods, Celanese Corporation, Ajinomoto Co Inc, Hyet Sweet BV, Roquette Freres, and Naturex SA have established their operations in the alternative sweeteners market.

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Question & Answer: Alternative Sweeteners Market

Question 1: What elements are primarily augmenting the progress of the alternative sweeteners?
Answer: The low-calorie sweeteners primarily replace sugar, decreasing the level of calories and carbohydrates. These sweeteners offer more intense sweetness than conventional sugar. This makes their usage lesser in foods and beverages. Several beverage manufacturers are opting for sweeteners to produce low-calorie beverages. Hence, the growing demand for low-calorie sweeteners, paired with increasing concerns associated with obesity, is primarily augmenting the progress of the alternative sweeteners market worldwide.

Question 2: What key factors are significantly obstructing the alternative sweeteners market’s growth?
Answer: The health issues caused by overconsumption, increasing challenges for food manufacturers, and regulations on the sweeteners industry, are key factors significantly obstructing the alternative sweeteners market’s growth over the estimated period.

Question 3: Which region is leading in the alternative sweeteners market?
Answer: Geographically, the Asia-Pacific is leading in the alternative sweeteners market. The rapid growth can be attributed to the surge in health conditions such as obesity, hypertension, and diabetes, among others. These health conditions have compelled people in the region to decrease their sugar intake. Furthermore, the region’s demand for dairy products is expected to surge, which is set to supplement the demand for alternative sweeteners in flavored dairy products. Along with this, the health-conscious consumers are shifting from traditional sugary products to low-calorie beverages, adding to the growth of the alternative sweeteners market in the region’s nations.

Question 4: Which companies have established their operations in the alternative sweeteners market?
Answer: Ingredion Inc, Associated British Foods, GLG Life Tech Corporation, Heartland Food Products Group, Archer Daniels Midland, Dupont Nutrition & Health, Cargill Inc, Tate & Lyle Plc, Purecircle Ltd, Batory Foods, Celanese Corporation, Ajinomoto Co Inc, Hyet Sweet BV, Roquette Freres, and Naturex SA have established their operations in the alternative sweeteners market.

Related Report:
Global Functional Carbohydrates Market

The global functional carbohydrates market is estimated to advance in its revenue during 2019-2028 at a CAGR of 6.57%. It is anticipated to attain revenue worth $7053.32 million by 2028.
Functional carbohydrates hold the ability to lower blood-lipid levels and are responsible for strengthening the immune system. These carbohydrates break down slowly, extending the digestion process.
The rising awareness about the benefits offered by functional carbohydrates is primarily motivating the progression of the reviewed market worldwide. Besides, the growing application of functional carbohydrates in pharmaceutical products is set to open new avenues for the global market over the forecast period.
However, the elevated cost of functional products, coupled with readily available substitutes for functional carbohydrates, significantly weighs down the growth of the studied market.

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