IMARC Group, a leading market research company, has recently releases report titled “Natural Sweeteners Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global natural sweeteners market share, size and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Natural Sweeteners Market?
The global natural sweeteners market size reached US$ 3.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.9 Billion by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028.
What are Natural Sweeteners?
Natural sweeteners are used to add sweetness to different food products and beverages. These sweeteners are derived from natural sources, such as plants and fruits, and include stevia, agave nectar, dates, and coconut sugar. They are low in calories and do not contain artificial ingredients and chemicals. Moreover, they are lower in glycemic index than sugar, thereby does not cause a rapid spike in blood sugar levels. Natural sweeteners, including honey and maple syrup, contain various vitamins, minerals, and antioxidants, are beneficial for health and help promote the growth of beneficial bacteria in the gut and improve the overall gut health. In addition, they contain anti-inflammatory properties that assist in alleviating symptoms of arthritis and allergies. As natural sweeteners do not contribute to tooth decay, they are widely used as an alternative to refined sugar and artificial sweeteners, which have negative health effects when consumed in excess.
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What are the growth prospects and trends in the natural sweeteners industry?
Presently, the growing geriatric population and increasing prevalence of chronic diseases, such as obesity, diabetes, and heart disease, are catalyzing the demand for low-calorie and low-glycemic index sweeteners that can help manage these conditions. This represents one of the key factors positively influencing the market across the globe. In addition, as more people are becoming aware about the negative impact of consuming excessive amounts of sugar and artificial sweeteners, there is an increase in the demand for natural sweeteners. This, in confluence with a significant increase in organic and minimally processed food, is creating a favorable market outlook worldwide.
Moreover, key market players are introducing innovative products, such as monk fruit extract and allulose, to meet the evolving needs of consumers. They are also focusing on producing new formulations to make natural sweeteners easier to use in cooking and baking. Apart from this, the increasing usage of mobile applications that facilitate easy availability of natural sweeteners at the doorstep through e-commerce websites, coupled with secured payment gateways, are bolstering the market growth. Moreover, the increasing number of people adopting veganism is further catalyzing the demand for healthy and more natural alternatives to traditional sugar and artificial sweeteners.
Besides this, increasing adoption of natural sweeteners in the treatment of throat infections, tuberculosis, thirst, hiccups, fatigue, dizziness, hepatitis, constipation, worm infestation, piles, eczema, healing of ulcers, and wounds on account of their antioxidant and anti-inflammatory properties are strengthening the market. Furthermore, inflating disposable incomes and expansion of e-commerce websites are stimulating the growth of the market around the world.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Sweet Proteins
Breakup by Form:
- Solid and Crystals
Breakup by Distribution Channel:
- Business-To-Customer (B2C)
- Business To Business (B2B)
Breakup by Application:
- Bakery Products
- Confectioneries and Gums
- Dairy Products
- Frozen Desserts
- Tabletop Sweeteners
- Pharmaceutical Products
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Archer-Daniels-Midland Company, Cargill Incorporated, FoodChem International Corporation, GLG Life Tech Corporation, Herboveda India, Ingredion Incorporated, Morita Kagaku Kogyo Co. Ltd, PureCircle Ltd, Pyure Brands LLC, Roquette Frères, Sweetly Stevia USA and Tate & Lyle PLC.
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