Plant Based Sweeteners Market 2024- Analytical Overview, Segmentation, Sales Revenue, Regional Trends, Company Profile, Future Prospects and Trends by Forecast 2031

According to projections, the worldwide market for plant-based sweeteners will surpass $4.75 billion by 2031, expanding at a CAGR of 6.68% over the same period.

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A natural sweetener, "plant-based sweetener," is frequently derived from the fruits or foliage of a plant. Because of the vast diversity of plant life on the planet, a multitude of natural sweeteners are commercially available. By utilizing a variety of naturally occurring sweeteners, both consumers and formulators can enhance flavour without increasing sugar intake. Concern for leading a healthy lifestyle among the global population and the increasing demand for organic ingredients used in foods and beverages that contain few or no calories are two significant factors driving the expansion of the global market for plant-based sweeteners.

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As males strive to replace sugar with more nourishing alternatives, they tend to favour easily identifiable, naturally occurring substances in their dietary intake over complex names and laboratory-formulated synthetic mixtures. Furthermore, the increasing prevalence of plant-derived natural products, ongoing global culinary trends, and product advancements in the food and beverage industry all contribute to the rising demand for plant-based sweeteners. The certification of numerous sweeteners as safe for human consumption by regulatory bodies around the globe and the increasing demand for low-calorie sweeteners are additional factors that are anticipated to contribute significantly to the growth of the market for plant-based sweeteners.
List of Prominent Players in the Plant-Based Sweeteners Market:
• Cargill Incorporated
• Archer Daniels Midland Company (ADM)
• Ingredion
• DuPont
• Roquetee Freres
• Pyure Brands LLC.
• Steviahubindia
• Fooditive Group
• Foodchem International Corporation
• Evolva
• Wisdom Natural Brands
• GLG Life Tech Corp.
• MacAndrews & Forbes Incorporated

Market Dynamics:
Drivers-
A growing number of consumers are opting for non-hazardous products derived from natural sources. It is expected that the increasing consumer preference for plant-derived sweeteners, which can be attributed to their perceived health advantages, will stimulate the expansion of the plant-derived market. Natural sweeteners derived from plants will likely be utilized more frequently in food and beverage and other industries as health-conscious consumers place a greater demand for naturally produced food products. It is anticipated that the global market for sweeteners derived from plants will expand as consumers favour processed foods and beverages that require less time and effort to prepare.
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Challenges:
Despite the growing adoption of plant-based sweeteners, future price fluctuations between plant-derived sugar and conventional sugar are anticipated to hinder market growth. Furthermore, the food processing sector encountered logistical challenges about the procurement of raw materials, the dissemination of food components to final consumers, revenue generation, and adherence to food safety regulations amidst the pandemic. These obstacles have further impeded the market's revenue growth potential.

Regional Trends:
The North American plant-based sweeteners market is anticipated to capture a substantial revenue share and expand at a rapid compound annual growth rate (CAGR) shortly, driven by increased demand from bread manufacturers in the region during the forecast. The American desire for sweets has contributed to the rise in the prevalence of obesity and other health issues. While artificial sweeteners may help reduce caloric intake, they have been unequivocally linked to weight gain, bladder cancer, brain tumours, and other adverse health effects, according to scientific research. Stevia has been the primary factor propelling the growth of the U.S. market. Furthermore, Europe held a significant portion of the market for plant-based sweeteners because the region concentrated on primary producers and distributors of such products. Additionally, the vast majority of individuals ingesting more natural sweeteners and introducing novel products in the food and beverage industry contribute to the product's rising demand.

Recent Developments:
• In December 2019, Codex Alimentarius (Codex), a global organization in charge of food safety regulations, adopted the International Stevia Council (ISC) stated framework, which includes four alternative techniques for producing steviol glycosides.
• In July 2018, Tate & Lyle PLC announced the launch of TASTEVA M stevia sweetener, a plant-based sweetener derived from the stevia leaf and has a flavour strikingly similar to sugar

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Segmentation of Plant-Based Sweeteners Market-
By Type-
• Monk Fruit Sugar
• Yacon
• Molasses
• Lucuma fruit Sugar
• Sorbitol
• Xylitol
• Agave
• Stevia
• Others

By Form-
• Liquid
• Powder
• Crystal

By Distribution Channel-
• Retail Stores
• E-Commerce Stores

By Application-
• Desserts
• Confectional
• Beverages
• Bakery
• Ice-creams
• Fruit Processing
• Others

By End-Use
• Pharmaceutical
• Food & Beverage
• Others

By Region-
North America-
• Mexico
• The US
• Canada

Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-
• India
• China
• South Korea
• Japan
• South East Asia
• Rest of Asia Pacific

Latin America-
• Brazil
• Rest of Latin America
• Argentina

Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.