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High-Intensity Artificial Sweeteners Market Analysis 2024: Growth Drivers and Innovations
high-intensity artificial sweeteners market trends
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According to The Business Research Company's, The high-intensity artificial sweeteners market size has grown steadily in recent years. It will grow from $2.96 billion in 2023 to $3.11 billion in 2024 at a compound annual growth rate (CAGR) of 5.19%. The growth in the historic period can be attributed to the rising prevalence of diabetes, increasing health consciousness, growing obesity rates, demand for low-calorie food products, and increased availability of artificial sweeteners.
The high-intensity artificial sweeteners market size is expected to see steady growth in the next few years. It will grow to $3.81 billion in 2028 at a compound annual growth rate (CAGR) of 5.21%. The growth in the forecast period can be attributed to rising demand for low-glycemic index products, growing focus on weight management solutions, increasing awareness about the adverse effects of sugar, supportive regulatory policies, and consumer preference for natural and organic products. Major trends in the forecast period include increasing use in pharmaceuticals, advancements in biotechnology for sweetener production, development of multi-functional sweeteners, integration of artificial sweeteners in sports nutrition, and growing demand for personalized nutrition.
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Market Drivers and Trends:
The rise in the obese population is expected to drive the high-intensity artificial sweeteners market going forward. The obese population refers to individuals with excessive body fat that presents a risk to their health, typically measured by a body mass index (BMI) of 30 or higher. The rise in the obese population is due to poor diet, lack of physical activity, genetic predisposition, and environmental influences. High-intensity artificial sweeteners are often considered beneficial for the obese population due to their ability to provide sweetness without adding significant calories to the diet. For instance, in March 2023, according to the World Heart Foundation, a Switzerland-based non-government organization, nearly 2.3 billion children and adults are currently living with overweight or obesity globally, and this number is expected to rise to 2.7 billion by 2025. Therefore, the rise in the obese population is driving the high-intensity artificial sweeteners market.
Major companies operating in the high-intensity artificial sweeteners market are focused on developing innovative technology, such as novel flavor technology, to improve and modulate sweet flavor, creating a sugar-like experience. Novel flavor technology refers to innovative methods and compounds used to develop, enhance, and modulate flavors in food and beverages, often leveraging unique proteins or advanced processing techniques to achieve desirable taste profiles and functional benefits. For instance, in April 2023, Sweegen Inc., a US-based food and beverage manufacturer, launched Sweetensify Flavors, a flavor tool for food and beverage producers to create better-for-everyone products. It utilizes sweet protein technology with brazzein and thaumatin II to provide a sugar-like taste experience, flavor modulation, and cross-application utility with sustainable production and cost-effectiveness. This innovation significantly reduces sugar in products, offering a competitive advantage in the high-intensity artificial sweeteners market by promoting healthier product innovation and global market expansion.
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Major Key Players of the Market:
Cargill Incorporated, Mitsui Co. Ltd., Nestle S.A., Archer Daniels Midland Company, Wilmar International Limited, DuPont de Nemours Inc., Hermes Sweeteners Ltd., Südzucker AG, Ajinomoto Co. Inc., Celanese Corporation, Ingredion Inc., Roquette Freres SA, Tate & Lyle plc, Anhui Jinhe Industrial Co. Ltd., Heartland Food Products Group, PureCircle Natural Ingredient India Pvt. Ltd., Changmao Biochemical Engineering Co. Ltd., Cumberland Packing Corporation, Atlantic Chemicals Trading GmbH, Merisant Co., The NaturaSweet Company, Layn Natural Ingredients Corp., HYET Sweet S.A.S., Evolva Holding SA, JK Sucralose Inc., Dr. Otto Suwelack Nachf. GmbH & Co. KG
High-Intensity Artificial Sweeteners Market 2024 Key Insights:
• The high-intensity artificial sweeteners market size is expected to see steady growth in the next few years. It will grow to $3.81 billion in 2028 at a compound annual growth rate (CAGR) of 5.21%.
• The Rise In Obese Population Drives The High-Intensity Artificial Sweeteners Market
• Advancements In Innovative Flavor In The High-Intensity Artificial Sweeteners Market
• North America was the largest region in the high-intensity artificial sweeteners market in 2023
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