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Synthetic Sweeteners Market 2024 Top Trends, Regional Segments, Industry Share And Forecast To 2032 | Major Players Are Cargill Inc., Archer-Daniels-Midland Company, Ingredion Inc., Roquette, Ajinomoto Co. Inc.
Synthetic Sweeteners Market
The Business Research Company's Synthetic Sweeteners Global Market Report 2024 identifies Synthetic Sweeteners And Health Risks as the major driver for the Synthetic Sweeteners Market's growth in the forecast period. The long-term use of synthetic sweeteners can cause diabetes and is expected to limit the growth of the synthetic sweetener market. It increases the risk of obesity and heart disease. Long-term use of artificial sweeteners changes taste buds over time, resulting in a persistent craving for excessively sweet foods. Due to this, nutrient deficiencies and weight gain are on the rise. It could lead to severe long-term illnesses such as headaches, dizziness, rash, bloating, nausea, diarrhea, and digestive problems.
The synthetic sweeteners market size has grown strongly in recent years. It will grow from $55.36 billion in 2023 to $60.27 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to rising health concerns, diabetic and low-calorie products, food and beverage industry, obesity epidemic.
The synthetic sweeteners market size is expected to see strong growth in the next few years. It will grow to $83.07 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to continued health concerns, diabetes and obesity prevention, clean label and natural sweeteners, food and beverage industry innovation. Major trends in the forecast period include stevia and plant-based sweeteners, advanced sugar reduction technologies, customized sweetener blends, reduced-calorie functional foods.
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Major competitors in the Synthetic Sweeteners Market are Cargill Inc., Archer-Daniels-Midland Company, Ingredion Inc., Roquette, Ajinomoto Co. Inc., JK Sucralose Inc., DuPont de Nemours Inc., Celanese Corporation, McNeil Nutritionals LLC, NutraSweet Property Holdings Inc., Hermes Sweeteners Ltd., MORITA Kagaku Kogyo Co. Ltd., PureCircle, Zydus Wellness Ltd., Whole Earth Brands Inc., ACH Food Companies Inc., Madhava Foods Ltd., Beijing Vitasweet Co. Ltd., Tate & Lyle PLC, Wilmar International Limited, Nutrinova, NutraEx Food Inc., Wisdom Natural Brands LLC, Anhui Jinhe Industrial Co. Ltd., Changzhou Niutang Chemical Plant Co., Ltd., Daesang Corporation, Foodchem International Corporation, GLG Life Tech Corporation, Holland Sweetener Company, HYET Sweet SAS, PureCircle Limited.
A key trend in the Synthetic Sweeteners Market includes Innovation In Sweetness. Major companies operating in synthetic sweeteners are developing innovative products such as the next generation of sugar alternative products. Next-generation sugar alternatives are a new generation of sweeteners that aim to provide a healthier and more natural alternative to traditional sugar. For instance, in July 2022, Whole Earth Brands, a US-based company that manufactures sugar sweeteners launched the next generation of sugar alternative products under the Swerve brand. Swerve is a natural sugar replacement that contains no artificial ingredients, preservatives, or flavors.
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The Synthetic Sweeteners Market is segmented -
1) By Product Type: Aspartame, Acesulfame K, Saccharin, Sucralose, Neotame, Other Product Types
2) By Application: Bakery, Dairy, Confectionery, Beverages, Soups, Sauces and Dressings, Other Applications
3) By Distribution Channel: Supermarkets & Hypermarkets, Departmental Stores, Convenience Stores, Other Distribution Channels
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Synthetic Sweeteners Market.
The Business Research Company's "Global Synthetic Sweeteners Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Synthetic Sweeteners Market Include:
1. Executive Summary
2. Synthetic Sweeteners Market Characteristics
3. Synthetic Sweeteners Market Trends And Strategies
4. Synthetic Sweeteners Market - Macro Economic Scenario
5. Global Synthetic Sweeteners Market Size and Growth
……
31. Global Synthetic Sweeteners Market Competitive Benchmarking
32. Global Synthetic Sweeteners Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Synthetic Sweeteners Market
34. Synthetic Sweeteners Market Future Outlook and Potential Analysis
35. Appendix
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