Market Research Report
Low Intensity Sweeteners Global Market Report 2022
|Low Intensity Sweeteners Global Market Report 2022|
The Business Research Company
Content info: 175 Pages
Delivery time: 2-10 business days
“Low Intensity Sweeteners Global Market Report 2022” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global low intensity sweeteners market.
This report focuses on low intensity sweeteners market which is experiencing strong growth. The report gives a guide to the low intensity sweeteners market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Where is the largest and fastest growing market for the low intensity sweeteners? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Low Intensity Sweeteners market global report” from The Business Research Company answers all these questions and many more. The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider low intensity sweeteners market, and compares it with other markets.
Major players in the low intensity sweeteners market are: Ingredion Incorporated, Roquette Freres, Tate & Lyle, Food Chem International Corporation, Du Pont, Gulshan Polyols Limited, Mitsui Sugar Co. Ltd., ADM, Whole Earth Brands, Van Wankum Ingredients, Hylen Co., Ltd., Fooding Group Limited, Apura Ingredients, Shandong Saigo Group Corporation, Bonumose Inc., Nova Green Inc., zuChem Inc., PureCircle, HYET Sweet and SweetLeaf Stevia Sweetener
The global low-intensity sweeteners market is expected to grow from $1.71 billion in 2021 to $1.88 billion in 2022 at a compound annual growth rate (CAGR) of 5.99%. The growth is mainly due to the companies' rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2.38 billion in 2026 at a CAGR of 6.13%.
The low-intensity sweetener market consists of sales of low-intensity sweeteners by entities (organizations, sole proprietors, partnerships) that are used as sugar substitutes. Low-intensity sweeteners have no effect on insulin levels and are a low-calorie or zero-calorie sugar alternative that provides a sweet taste. It is used in various industries, such as food and beverage, pharmaceuticals, confectionary, and other industries.
The main types of low-intensity sweeteners include D-tagatose, sorbitol, maltitol, xylitol, mannitol, erythritol, and allulose. D-Tagatose is used as a partial or full replacement for other nutritive sweeteners such as sugar, corn syrup, and others that can be found in drinks, yogurt, creams, and dietetic sweets. D-Tagatose (D-tag) is a fructose isomer that is around 90% sweeter than sucrose. The various forms of low-intensity sweeteners are dry and liquid and are used for applications in food, beverages, and pharmaceutical and personal care products.
North America will be the largest region in the low-intensity sweeteners market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Growing consumer inclination towards low-calorie foods is expected to propel the growth of the low-intensity sweetener market. The rising consumer awareness of health and wellness in relation to healthier food and beverage products, as well as a preference for low-calorie foods and a healthy diet, is driving the growth of the market. For instance, according to an online survey conducted in 2021 by YouGov as part of the British Nutrition Foundation's Healthy Eating Week 2021, 33% of respondents stated that they have included more fruits and vegetables in their diets, 29% have started cooking healthier meals, and 32% have been drinking more water. Therefore, growing consumer inclination towards low-calorie and healthy foods is expected to propel the growth of the low-intensity sweeteners market.
New product launches are a key trend gaining popularity among the companies in the low-intensity sweeteners market. Players in the market are developing new products to fulfil customer demand for more predictive tools to reduce development time and support product performance. For example, In July 2020, Tate & Lyle, a UK-based company engaged in providing food and beverage solutions and ingredients, launched the SWEETENER-VANTAGETM Expert Systems, a set of new and innovative sweetener solution design tools, together with an education program, that are developed to assist formulators in creating sugar-reduced food and drinks with the use of low-calorie sweeteners.
In December 2020, Tate & Lyle, a UK-based producer of ingredients and solutions for food, beverage, industrial, and agriculture industries, acquired Sweet Green Fields (SGF) for an undisclosed amount. With this acquisition, SGF strengthens the broad portfolio of stevia products and a fully integrated stevia supply chain for Tate & Lyle, including cost-efficient manufacturing, leaf sourcing, established agricultural programs, and leaf varietal development. Sweet Green Fields (SGF) is a US-based company engaged in offering low-sugar products and stevia sweeteners.
The countries covered in the low intensity sweeteners market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.