Plant Based Sweeteners Market Key Players Analysis - Cargill Incorporated, Archer Daniels Midland Company (ADM), Ingredion, DuPont, Roquetee Freres.

The newly published report titled "Global Plant Based Sweeteners Market By (Type (Stevia, Monk Fruit Sugar, Sorbitol, Xylitol, Yacon, Molasses, Agave, Lucuma fruit Sugar and Others), Form (Crystal, Liquid and Powder), Application (Beverages, Bakery, Confectionary, Ice-creams, Desserts, Fruit Processing and Others), Distribution Channel (E-Commerce Stores and Retail Stores), End use (Food & Beverage, Pharmaceutical and Others))- Trends, Industry Competition Analysis, Covid-19 Analysis, Revenue (US$ Billions) and Forecast Till 2031" of InsightAce Analytic Pvt. Ltd. features detailed industry analysis and an extensive study on the market, exploring its significant factors.

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The global Plant Based Sweeteners market is estimated to reach over 4.75 Billion by the year 2031, exhibiting a CAGR of 6.68 % during the forecast period.

A "plant-based sweetener" refers to a natural sweetener derived from plant sources such as leaves or fruits. Given the vast diversity of plant species, there is a wide range of natural sweeteners available in the market. These sweeteners offer consumers and formulators an opportunity to enhance flavor while reducing sugar intake. The growing demand for low- or zero-calorie, organically sourced ingredients in food and beverages, alongside a global shift towards healthier lifestyles, are key drivers of the expansion of the plant-based sweeteners market.

Consumers increasingly prefer simple, naturally derived ingredients over complex synthetic alternatives, contributing to the rising popularity of these sweeteners. Additionally, the market is witnessing significant growth due to ongoing trends in the food and beverage industry, continuous product innovations, and a broader preference for plant-based, natural ingredients. Furthermore, the market's growth is further supported by the certification of various plant-based sweeteners by regulatory authorities worldwide, ensuring their safety for human consumption, and the increasing demand for low-calorie sweetening options.

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

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Market Dynamics:
Drivers:
There is a growing consumer preference for naturally derived products that are perceived as safer for health. The increasing popularity of plant-derived sweeteners, owing to their health benefits, is expected to drive the growth of the plant-based sweeteners market. As health-conscious consumers demand more naturally sourced food products, plant-derived sweeteners are anticipated to see wider adoption in the food and beverage industry, as well as other sectors. The market is also expected to grow due to the increasing demand for convenient, processed foods and beverages that are easier to prepare and require less time.

Challenges:
Despite the growing use of plant-based sweeteners, market expansion may face challenges, particularly due to fluctuating price differences between plant-derived sugars and conventional sugars. Additionally, the food processing industry experienced logistical disruptions during the pandemic, such as difficulties in sourcing raw materials, distributing food components to end users, and navigating revenue generation and food safety regulations. These challenges have limited the market's ability to achieve significant growth in terms of revenue.

Regional Trends:
The North American market for plant-based sweeteners is projected to hold a significant share of the revenue and is expected to grow at a high compound annual growth rate (CAGR) due to increased demand from the region's bakery producers. The rising prevalence of health concerns such as obesity has driven the search for healthier alternatives to sugar, with artificial sweeteners being considered as a potential solution. However, research has shown that these artificial alternatives may have negative health implications, leading to a shift towards plant-based sweeteners like stevia, which has been a key factor in driving the market growth in the United States. In Europe, the market for plant-based sweeteners also holds a substantial share, supported by the presence of major producers and distributors in the region. Increased consumer preference for natural sweeteners, along with ongoing innovations in the food and beverage sector, is fueling demand for plant-based alternatives.

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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.

Segmentation of Plant-Based Sweeteners Market-
By Type-
• Stevia
• Monk Fruit Sugar
• Sorbitol
• Xylitol
• Yacon
• Molasses
• Agave
• Lucuma fruit Sugar
• Others
By Form-
• Crystal
• Liquid
• Powder
By Distribution Channel-
• E-Commerce Stores
• Retail Stores
By Application-
• Beverages
• Bakery
• Confectional
• Ice-creams
• Desserts
• Fruit Processing
• Others
By End-Use
• Food & Beverage
• Pharmaceutical
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.