Press release
The Global Artificial Sweetener Market Is Expected To Grow At A CAGR Exceeding 3% Over The 2022-2031
Fact MR's latest report on the artificial sweetener market reveals vital aspects and estimates the market valuation to approach US$ 2.6 Bn by 2031. According to the analysis, the market is expected to grow at a CAGR surpassing 3% over the forecast period. In the short-run, a valuation of US$ 2 Bn has been projected by 2021.Historically, from 2016 to 2020, the market registered considerable growth, closing in at US$ 1.8 Bn by the end of the aforementioned historical period. Heightened health consciousness amidst the COVID-19 pandemic crisis heightened sales of sugar-free or low-sugar foodstuffs and beverages, particularly across online platforms. This consequently boded well for the demand for artificial sweeteners.
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Key Companies Profiled
Roquette Freres
Ajinomoto Co., Inc.
JK Sucralose
McNeil Nutritionals
NutraSweet Property Holdings, Inc.
Hermes Sweeteners Ltd.
MORITA KAGAKU KOGYO CO. LTD.
PureCircle
Sunwin Stevia International, Inc.
Zydus Wellness Ltd.
Key Takeaways from the Market Study
By end use application, beverages to account for bulk of global demand, reaching US$ 1 Bn by 2022
Bakery and confectionery remains the second-largest end user application segment.
Aspartame-based artificial sweetener is anticipated to generate US$ 616 Mn opportunity by 2022-end.
U.K to account for 30% of global artificial sweetener demand by 2031
China to emerge as an opportunistic market, expanding at a CAGR of around 3%
India to present credible growth opportunities, given the high proportion of diabetic population
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Competitive Landscape
The competitive landscape section in the artificial sweetener market offers a deep dive into the profiles of the leading companies operating in the global market landscape.
Some of the key players in the artificial sweetener market include Roquette, Ajinomoto Co., Inc., JK Sucralose, McNeil Nutritionals, NutraSweet Property Holdings, Inc., Hermes Sweeteners Ltd., MORITA KAGAKU KOGYO CO., LTD., PureCircle, Sunwin Stevia International, Inc., and Zydus Wellness Ltd., among others.
In January 2021, Roquette, BRAIN AG, and AnalytiCon Discovery announced the successful completion of the R&D phase for the development of Brazzein which is a protein sweetener naturally found in African berries Pentadiplandra brazzeana Baillon.
This high intensive sweetener provides an outstanding sweetening potency still preserving taste profile and sugar-free functionality. As part of their newly agreed Joint Development Agreement (JDA), Roquette and BRAIN will now progress with the approval and industrial scale-up of the protein sweetener in the food and beverage sector.
Key Segments Covered
Product Type
Aspartame-based Artificial Sweetener
Acesulfame-Potassium (Ace-K) based Artificial Sweetener
Sucralose based Artificial Sweetener
Saccharin based Artificial Sweetener
Cyclamate based Artificial Sweetener
Others (Neotame, Advantame)
End Use Application
Artificial Sweetener for Beverages
Artificial Sweetener for Dairy Products
Artificial Sweetener for Bakery & Confectionery
Artificial Sweetener for Dietary Supplements
Artificial Sweetener for Bread Spreads
Artificial Sweetener for Pharmaceuticals
Artificial Sweetener for Personal Care Applications
Artificial Sweetener for Other Applications
Form
Powdered Artificial Sweeteners
Artificial Sweetener Tablets
Artificial Sweetener Syrup
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Category-Wise Insights
Which is the Most Widely Used Artificial Sweetener?
Fact.MR reports that aspartame is widely used and is popular as a tabletop sweetener in the market. It is around 200 times sweeter than ordinary sugar.
Its wide application is in low-calorie desserts, sugar-free chewing gums, cereals, tea, coffee, yogurt, milk formulations, etc. According to estimates by Fact.MR, a CAGR of over 4% is projected for the aspartame segment.
Key Points Covered in Artificial Sweetener Industry Survey:
Market Estimates and Forecasts (2016-2031)
Key Drivers and Restraints Shaping Market Growth
Segment-wise, Country-wise, and Region-wise Analysis
Competition Mapping and Benchmarking
Market Share Analysis
COVID-19 Impact on Artificial Sweetener and How to Navigate
Recommendation on Key Winning Strategies
How can Fact.MR Make Difference?
In-depth understanding of key industry trends shaping the present growth dynamics
Offers value chain analysis and price trend analysis of various offering of competitors
Offers data-drive decision to help companies decide strategies that need recalibration
Offers insights into areas in research and development that should attract
Identifies data outliers before your competitors
For More Insights of Fact.MR Trending Report:
https://www.newswire.co.kr/newsRead.php?no=943298
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