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Artificial Sweeteners Market is Anticipated to Reach USD 9974 million in 2027, Registering at a CAGR of 3.9% | Size, Analysis & Industry Forecast
Animal Feed Ingredients Market
The Artificial Sweeteners Market is expected to reach USD 9974 million by 2027, growing at a CAGR of 3.9% over the forecast period (2020-2027).
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/artificial-sweeteners-market/
The factors driving the growth of Artificial Sweeteners Market includes rising consumers inclination towards adopting healthy lifestyles, growing prevalence of diabetes, obesity, and cardiovascular diseases around the world, and increasing demand for immunity building products. According to the report published by Center for Disease Control and Prevention, the number of people diagnosed with diabetes have risen by 8 per 100 adults in 2017, which will accelerate the demand for artificial sweeteners in the approaching years. Moreover, increasing application of artificial sweeteners in sauces, chewing gum and jellies, growing popularity of sugar-free beverages, rising adoption of advanced technologies by manufacturers and rapid urbanization, are some of the additional factors supplementing the Artificial Sweeteners Market share. In addition, growing preference for clean label ingredients, increasing investments by major companies on research and development, strategic partnerships between industry leaders and growing population growth rates, are further contributing towards the market growth.
However, allergic reactions due to consumption of artificial sweeteners is restricting the growth of Artificial Sweeteners Market.
The major players operating in the market are E.I Dupont De Numours and Company, Cargill Inc., Associated British Foods Plc., Nestle S.A., Tate & Lyle PLC, Wilmar International Limited, Archer Daniels Midland Company, Ajinomoto Corporation Inc., Roquette Frères, Ingredion Incorporated, and Raizen S.A., among others.
Based on Product Type, the Aspartame segment is predicted to expand at a significant CAGR during the forecast period
Increasing application of artificial sweeteners in bakery products and fruit-based drinks and rise in the launch of innovative products, are some of the factors responsible for segment's growth.
Based on Application, the Beverages segment is projected to grow at a robust CAGR over the forecast period
Rise in the working population, increasing consumers inclination towards adopting healthy diets and growing demand for low calorie ready to drink beverages, are propelling segment's growth.
Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period
Rising awareness about side effects of high sugar products, prevalence of diabetes and obesity, rapid urbanization, increasing per capita incomes, growing demand for low calorie beverages and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.
Key Developments
In 2021, Tate & Lyle partnered with Codexis to enhance the production of Tate & Lyle's newest sweetener: Tasteva M Stevia Sweetener.
In 2021, AnalytiCon Discovery merged with Roquette to invest in R&D for developing Brazzein, a protein sweetener produced in berries available by the name of Pentadiplandra.
Market Segmentation
Segmentation by Product Type
Acesulfame-K
Aspartame
Saccharin
Sucralose
Neotame
Segmentation by Application
Bakery Goods
Confectionery & Chewing Gums
Sweet Spreads
Beverages
Dairy Products
Others
Segmentation by Form
Liquid
Powder
Solid
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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