Press release
The Sweet Shift: High-Intensity Sweeteners Taking Over the Market
According to The Business Research Company's, the high-intensity sweeteners market size has grown strongly in recent years. It will grow from $2.23 billion in 2023 to $2.39 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. the growth in the historic period can be attributed to increased consumer awareness about the health risks, improved production techniques enhancing the quality, shift in consumer preferences, increased research and development, growth of low-calorie and sugar-free product lines.
the high-intensity sweeteners market size is expected to see strong growth in the next few years. It will grow to $3.13 billion in 2028 at a compound annual growth rate (CAGR) of 7%. the growth in the forecast period can be attributed to the growing trend of low-calorie and sugar-free diets among health-conscious consumers, favorable regulations and approvals from health authorities, the need for sugar alternatives among individuals with these conditions, demand for natural sweeteners, reduction in caloric intake. Major trends in the forecast period include advancements in production techniques, emergence of novel ingredients, technological integration for taste enhancement, customization and personalization, enhanced stability and shelf life.
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Market Drivers and Trends:
The growing number of road accidents is expected to propel the growth of the HUD helmet market going forward. The growing number of road accidents is due to increased traffic congestion, distracted driving due to mobile devices, inadequate infrastructure maintenance, fatigue, and speeding. HUD helmets help to reduce accidents by providing essential information such as navigation cues and vehicle data directly in the rider's line of sight, minimizing distraction and allowing them to keep their eyes on the road. For instance, in May 2022, according to the National Highway Traffic Safety Administration, a US-based government agency, motor vehicle accidents resulted in 42,915 deaths in 2021, a notable 10.5% increase over the 38,824 reported fatalities in 2020. Therefore, the growing number of accidents is driving the growth of the HUD helmet market.
Major companies operating in the high-intensity sweeteners market are developing sweetening solutions to meet consumer demand for healthier alternatives. Sweetening solutions refer to alternative products or formulations designed to provide sweetness in food and beverages without using traditional sugar. For instance, in November 2022, Tate & Lyle PLC, a UK-based food and beverage company, launched a new addition to its sweetener portfolio, ERYTESSE Erythritol. It has 70% of the sweetness of sucrose and a similar temporal profile with zero calories. It can be used in various categories, including beverages, dairy, bakery, and confectionery. Erythritol fits well into our existing portfolio and can be used alone or combined with natural sweeteners, such as stevia and monk fruit, and high-potency sweeteners, such as sucralose.
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Major Key Players of the Market:
Major companies operating in the high-intensity sweeteners market are developing sweetening solutions to meet consumer demand for healthier alternatives. Sweetening solutions refer to alternative products or formulations designed to provide sweetness in food and beverages without using traditional sugar. For instance, in November 2022, Tate & Lyle PLC, a UK-based food and beverage company, launched a new addition to its sweetener portfolio, ERYTESSE Erythritol. It has 70% of the sweetness of sucrose and a similar temporal profile with zero calories. It can be used in various categories, including beverages, dairy, bakery, and confectionery. Erythritol fits well into our existing portfolio and can be used alone or combined with natural sweeteners, such as stevia and monk fruit, and high-potency sweeteners, such as sucralose.
High-Intensity Sweeteners Market 2024 Key Insights:
• The high-intensity sweeteners market size is expected to grow to$3.13 billion in 2028 at a compound annual growth rate (CAGR) of 7%.
• Growing Epidemic Of Diabetes And Obesity Enhanced Market Growth
• Innovative Developments In HUD Helmets Enhance Safety And Convenience For Motorcycle Riders
• North America was the largest region in the high-intensity sweeteners market in 2023
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