The Global Alternative Sweeteners Market Estimated to Expand at $1823.23 Million by 2028

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

Alternative sweeteners are utilized in food and beverages as low-calorie additives. They are considered an ideal sugar substitute in keeping insulin levels in check, especially among diabetic patients.

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As per Triton's research report, the global alternative sweeteners market is forecasted to grow at a CAGR of 3.48% through the examined years 2021-2028. Besides, the market is likely to gather revenue worth $1823.23 million by 2028.

Over the years, the excessive consumption of sugar-based products has augmented several health conditions, including obesity. In such cases, the consumption of alternative sweeteners is expected to decrease calorie intake among individuals, while maintaining insulin levels among diabetic patients. Hence, health problems associated with obesity and other conditions are driving the progression of the alternative sweeteners market globally.

However, regulations on the sweeteners industry and increasing challenges for food manufacturers are majorly obstructing the expansion of the alternative sweeteners market over the reviewed phase.

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

Globally, the Asia-Pacific is anticipated to become the fastest-growing in the alternative sweeteners market over the considered period. Major factors supplementing the growth of the region's market are the growing prevalence of obesity and diabetes. The government in countries such as Indonesia, the Philippines, and India, plan to introduce sugar taxes on numerous products. This step will stimulate beverage manufacturers to replace sugar with low-calorie sweeteners, simultaneously boosting the alternative sweeteners market on a progressive path.

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

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Question & Answer: Alternative Sweeteners Market

Question 1: What factors are driving the progression of the alternative sweeteners market globally?
Answer: Over the years, the excessive consumption of sugar-based products has augmented several health conditions, including obesity. In such cases, the consumption of alternative sweeteners is expected to decrease calorie intake among individuals, while maintaining insulin levels among diabetic patients. Hence, health problems associated with obesity and other conditions are driving the progression of the alternative sweeteners market globally.

Question 2: What factors majorly obstructing the expansion of the alternative sweeteners market?
Answer: Regulations on the sweeteners industry and increasing challenges for food manufacturers, are majorly obstructing the expansion of the alternative sweeteners market over the reviewed phase.

Question 3: Which region is anticipated to become the fastest-growing in the alternative sweeteners market?
Answer: Globally, the Asia-Pacific is anticipated to become the fastest-growing in the alternative sweeteners market over the considered period. Major factors supplementing the growth of the region's market are the growing prevalence of obesity and diabetes. The government in countries such as Indonesia, the Philippines, and India, plan to introduce sugar taxes on numerous products.

This step will stimulate beverage manufacturers to replace sugar with low-calorie sweeteners, simultaneously boosting the alternative sweeteners market on a progressive path.

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

Related Report:
Global Functional Carbohydrates Market - https://www.tritonmarketresearch.com/reports/functional-carbohydrates-market

The global functional carbohydrates market is projected to experience growth at a CAGR of 6.57% during the period of 2019-2028, while garnering $7053.32 million in revenue by 2028.

Functional carbohydrates assist in reducing blood-lipid levels and strengthening immunity. Moreover, these carbohydrates are non-cariogenic, and are known to break down gradually to extend the digestion process.

The growing awareness among consumers regarding functional carbohydrates and their rising demand for cosmetic products are significant factors driving the studied market's evolution.

Additionally, the introduction of innovative formulas in products, along with the application of functional carbohydrates in pharmaceuticals, are opening new avenues for the functional carbohydrates market.

However, the surging cost of functional products and availability of substitutes, are hampering the growth of the global functional carbohydrates market during the anticipated period.

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This release was published on openPR.