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High-intensity Sweeteners Market is Projected to Rise $2,920.10 Million by 2031, Growing At a CAGR of 3.7% From 2022-2031
High-intensity Sweeteners Market
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The global high-intensity sweeteners market witness's significant growth, owing to ongoing developments and new applications in the food industry including, dairy products & baked goods. In addition, concerns about health and nutrition among the population are the key drivers of the market. Moreover, stevia extract, a sweetener derived from the leaves of stevia shrub, is widely used by consumers apart from the monk fruit extract.
Furthermore, surge in the number of health-conscious consumers, especially in the developing economies and rise in incidences of diabetes and obesity have led to change in dietary habits of consumers. Thus, high-intensity sweeteners have replaced sugar as a food additive to prevent these conditions. However, decline in soft drink consumption in North America and Europe regions is expected to hamper the high-intensity sweeteners market growth.
The report offers detailed segmentation of the global high-intensity sweeteners market based type, distribution channel, application, and region.
Based on application, the beverage segment held the largest market share in 2020, holding more than one-third of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the same segment is projected to register the highest CAGR of 4.0% from 2022 to 2031.
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Based on distribution channel, the offline segment held the highest market share in 2020, holding more than half of the total market share, and is expected to continue its leadership status during the forecast period. However, the online segment is estimated to register the highest CAGR of 3.9% from 2022 to 2031.
Based on region, Asia-Pacific is contributed to the highest share in terms of revenue in 2020, holding nearly half of the total market share, and is estimated to continue its dominant share by 2031. Moreover, the same region is projected to manifest the fastest CAGR of 4.1% during the forecast period. Other regions discussed in the report include North America, Europe, and LAMEA.
The key players of high-intensity sweeteners industry such as Hyet Sweet, Tate and Lyle, Plc., Celanese Corporation, Cumberland Packing Corporation, Merisant, Ajinomoto Co., Inc., Hermes Sweeteners Ltd., JK Sucralose, Inc., Heartland Food Products Group, and Stevia First Corporation, have invested in R&D activities to develop advanced products to cater to the requirements of the market.
Key Benefits For Stakeholders:
• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the high-intensity sweeteners market analysis from 2020 to 2031 to identify the prevailing high-intensity sweeteners market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the high-intensity sweeteners market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global high-intensity sweeteners market size.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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