Artificial Sweetener Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2027: Cargill Inc. and NutraSweet Company are Key Players.

The Artificial Sweetener Market is expected to grow at a CAGR of 3.06% to reach a market size worth US$9.254 billion by 2027.

The prime factors propelling the growth of the artificial sweetener market are the growing demand for low-calorie food and beverage items, strict guidelines set by governments in various regions and countries to reduce disease prevalence in the economy, and the adoption of different artificial sweeteners by processed food manufacturers in their products.

As per the report, the artificial sweetener market is expected to grow at a steady pace during the projected period.

Artificial sweeteners replace sugar in the food and beverage industries as they are sweeter than sugar and offer less calorie content. The high-calorie intake may increase the prevalence of chronic diseases such as obesity and diabetes across various age groups, especially children. Therefore, the rising demand for low-calorie food and beverage products is propelling the artificial sweetener market. According to the World Health Organization (WHO), in 2021, around 39% of adults worldwide were overweight in which, 13% were obese, and more than 340 million children and adolescents aged 5-19 were overweight. The global demand for convenient food and beverage items is consistently increasing, particularly in developing economies, due to rising disposable incomes and improving living standards. As a result, there has been a rise in awareness among people about the negative impact of a high-calorie diet on their health. The manufacturers of processed foods are responding to this awareness by including various artificial sweeteners. The use of several artificial sweeteners, including neotame, saccharin, and sucralose by processed food and beverage manufacturers, has been approved by the United States Food and Drug Administration (FDA), which has a positive impact on the market growth of artificial sweeteners over the forecast period.

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The artificial sweetener market has been segmented into type, application, and geography.

Based on the type, the market has been segmented into sucralose, aspartame, acesulfame potassium, saccharin, and neotame.

Based on the application, the market has been segmented into dairy, beverages, confectionary and bakery, processed food, and others.

By region, North America is expected to retain a considerable market share due to the rising prevalence of diabetes and obesity in countries like the United States and Canada. In addition, the Asia-Pacific region is expected to witness growth in the artificial sweetener market due to the increasing number of food and beverage manufacturers in the region. The food manufacturers in the APAC region use artificial sweeteners instead of added sugars as they can export their products to countries where strict regulations and guidelines regarding high-calorie intake are strict. This, in turn, is fueling the demand for artificial sweeteners in the APAC region.

The pandemic significantly impacted the global market for artificial sweeteners. The lockdown resulted in the shutdown of manufacturing facilities, which affected production levels for the companies. The border restrictions further hampered the movement of goods, impacting both imports and exports in the market. In addition, consumers' rising desire for natural sweeteners during the pandemic further hampered industry expansion.
As a part of the report, the major players operating in the artificial sweeteners market that have been covered are B&G Foods, Inc., Ajinomoto Co, Inc., Roquette Frères, ADM, Cargill Inc., Ingredion Incorporated, Tate & Lyle, DuPont, Hermes Sweeteners Ltd., NutraSweet Company.

This Artificial Sweetener Market has been analyzed into the following segments:

• By Type

o Sucralose
o Aspartame
o Acesulfame Potassium
o Saccharin
o Neotame
o Others

• By Application

o Dairy
o Beverages
o Confectionary and Bakery
o Processed Food
o Others

• By Geography

o North America

• USA
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• UK
• Germany
• France
• Spain
• Italy
• Others

o Middle East and Africa

• UAE
• Saudi Arabia
• Others

o Asia Pacific

• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others

Related Reports:

• Food Sweeteners Market: https://www.knowledge-sourcing.com/report/food-sweeteners-market
• Aspartame Sweetener Market: https://www.knowledge-sourcing.com/report/global-aspartame-sweetener-market
• Natural Sweetener Market: https://www.knowledge-sourcing.com/report/global-natural-sweetener-market

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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies across ten industry verticals. KSI has a team of experienced and young professionals who focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports annually centering on the niche and latest technologies. In addition, we engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers, and challenges, and strategic recommendations for making informed decisions. Our success lies in our analysts' efforts to meet client expectations by delivering quality work within the stipulated deadlines.

This release was published on openPR.