North America Plant-Derived and Synthetic Sugar Market will Grow at a CAGR of 3.2% by Forecast year 2029

The North America plant-derived and synthetic sugar market will grow at a CAGR of 3.2% during the forecast period of 2022 to 2029.

The multiple advantages that plant-derived and synthetic sugars provide to businesses and employees are what are driving the industry in North America. The need for healthy food components in the food and beverage sector is growing, which is fueling the market for plant-derived and synthetic sugar. The demand for natural sweeteners from manufacturers is increased by the public's awareness of them.

In the end, it serves as a catalyst for the market's expansion. As part of a growing trend towards healthy eating, consumers are increasingly seeking for foods that are low in calories, fat, salt, and added sugars. Manufacturers of artificial and plant-based sugar can seize this chance to get into this growing industry.

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Plant-Derived And Synthetic Sugar Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail as below:

Drivers:

Wide Application Of Plant Derived And Synthetic Sugar In Various North America Industries

The use of artificial and plant-derived sugar in medicine, cosmetics, food and beverage, and other industries has enormous potential. The production of biofuels from hybrid sugarcane (Saccharum spp.) in North America offers a great deal of promise. It is recognised as one of the best options for producing biofuels today because of its exceptional capacity to create biomass, high carbohydrate (sugar + fibre) content, and a good energy input/output ratio.

Growth In The Demands For Natural Sweeteners As A Safer Alternative To Artificial Sweeteners

Artificial sweetener consumption over a prolonged period of time can cause diabetes, which interferes with the body's ability to regulate blood sugar and makes market expansion difficult. Long-term consumption of artificial sweeteners may cause gastrointestinal issues including diarrhoea and bloating. According to a new study, high-intensity sweets containing aspartame and saccharin might promote blood-related illnesses including leukaemia, which can be fatal and increase mortality.

People choose to purchase safer alternatives to artificial sweeteners including plant-based sweeteners like Stevia, Erythritol, Xylitol, Yacon syrup, Monk fruit sweetener, and others since they are aware of all these negative consequences of artificial sweeteners. These options also provide a number of health benefits.

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Post-COVID-19 Impact

The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. In addition, the food ingredient industry, like sweeteners that are used in the food and beverage industry, faces many serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns due to this outbreak. It has ultimately affected the overall sugar and sweetener ingredient industry.

The demand and supply for sugar and synthetic sugar products had initially decreased during the beginning of the COVID-19 pandemic due to temporary lockdown and social distancing, which resulted in trade restrictions, transportation restrictions, and production restrictions. This has slightly affected the North America Plant-Derived Sugar and Synthetic Sugar Market.

North America Plant-Derived and Synthetic Sugar Market Scope

 Type

Plant-Derived Sugar
 Synthetic Sugar

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Application

Food & Beverages
 Dietary Supplements
 Pharmaceutical
 Sports Nutrition
 Others

Form

Dry
Liquid

Competitive Landscape and North America Plant-derived and synthetic sugar Market Share Analysis

Some of the major players operating in the North America Plant-derived and synthetic sugar market ADM, Cargill, Incorporated, Ingredion, Ajinomoto Co., Inc., BENEO, DuPont, Mafco Worldwide LLC, NOW® Foods, Roquette Frères, NutraSweetM™ Co, Tate & Lyle, Pyure, Hermes Sweeteners Ltd., Südzucker AG, HSWT, Layn Corp., WILMAR INTERNATIONAL LTD, Celanese Corporation, Grupo PSA, JK Sucralose Inc among others.

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