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Low Calorie Sweeteners Market is expected to grow to $42.2 billion by 2031 - Tate & Lyle, ADM, Ingredion Inc & Celanese Corporation.

09-06-2024 08:51 AM CET | Food & Beverage

Press release from: DataM Intelligence 4market Research LLP

Low Calorie Sweeteners Market || 2024-2031

Low Calorie Sweeteners Market || 2024-2031

The global low-calorie sweeteners market was valued at $29.2 billion in 2023 and is expected to grow to $42.2 billion by 2031. This represents a compound annual growth rate (CAGR) of 4.7% during the forecast period from 2024 to 2031.

Low-calorie sweeteners are sugar substitutes that provide a sweet taste with fewer calories than traditional sugars. They are used to enhance the flavor of foods and beverages while minimizing calorie intake. These sweeteners can be derived from natural sources, such as stevia, or be synthetic, like aspartame or sucralose. Low-calorie sweeteners are popular among individuals looking to manage their weight, reduce sugar consumption, or manage conditions like diabetes, as they offer a sweet taste without significantly impacting blood sugar levels.

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Market Dynamics:

Rising Prevalence of Lifestyle Disorders.

The increasing prevalence of lifestyle disorders such as obesity, diabetes, and heart disease is significantly driving the demand for low-calorie sweeteners. According to the World Health Organization's 2022 statistics, over 1 billion people globally are affected by obesity, including 650 million adults and 340 million adolescents. This rise in obesity is also impacting children, with up to 39 million affected, leading to reduced consumption of sugary products. Additionally, the IDF Diabetes Atlas 2021 reports that 537 million adults worldwide are living with diabetes, with the number expected to reach 643 million by 2030. As health consciousness grows, many individuals are turning to low-calorie sweeteners as substitutes for sugar, seeking to manage their weight and overall health while avoiding the added calories and health risks associated with traditional sugar.

The market is also benefiting from innovative product developments. New offerings include natural sweeteners like stevia and monk fruit, as well as specialized formulations catering to diverse dietary needs. Advances in production processes and biotechnology are enhancing efficiency, reducing costs, and scaling up production. For example, in November 2023, Tate & Lyle Sugars launched a low-calorie sucralose sweetener in resealable pouches and tablet dispensers, responding to the demand for convenient sugar alternatives. Similarly, in April 2023, Daesang introduced Allulose, a new low-calorie sweetener derived from natural sources, providing a sugar-like taste with fewer calories. These innovations reflect the growing consumer interest in healthier, low-calorie food options and underscore how advancements in sweetener formulations and production technology are fueling market growth.

Market Segmentation:

By Type: Aspartame, Acesulfame-K, Cyclamate, Saccharin, Stevia, Xylitol and Other.

By Form: Powders, Liquids, Others.

By Source: Artificial, Natural.

By Application: Food & Beverages, Pharmaceuticals, Others.

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Competitive Landscape:

• Tate & Lyle
• ADM
• Ajinomoto do Brasil
• Ingredion Inc.
• Celanese Corporation
• Cargill, Incorporated
• Cumberland Packing Corp.
• DSM
• Roquette Frères
• NutraSweetM Co

Regional Analysis:

The global Low Calorie Sweeteners Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Low Calorie Sweeteners Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

Latest Updates:

In June 2023, Wisdom Natural Brands expanded its SweetLeaf product line to include two zero-calorie sweeteners and three sugars with 50% reduced calories. This expansion features new varieties, including coconut and date sugars, catering to a range of dietary preferences and needs while continuing to offer lower-calorie alternatives to traditional sugars.

Related Reports:

Low Calorie Food Market: https://datamintelligence.com/research-report/low-calorie-food-market

Low Calorie Snacks Market: https://datamintelligence.com/research-report/low-calorie-snacks-market

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