Low Intensity Sweeteners Market Scope:
Market Research Future (MRFR) expects the low intensity sweeteners market to procure a 7.40% CAGR from 2023 to 2030. The market value, by the end of 2030, should be around USD 3.46137 billion, believes MRFR.
Growth Boosters and Impediments:
Higher access to detailed information about the products has expedited the consumer awareness levels, raising their knowledge about different nutrition. This encourages people to make better and healthier choices in terms of beverages and food. With the surge in fitness trends and focus on personal grooming, consumers are progressively going for low-calorie products like low intensity sweeteners. With the huge population of overweight and obese individuals aged between 18 and 40 years, a series of health conditions have become quite common. This forces the consumers to switch to low-calorie food items such as Low Intensity Sweeteners Market, giving a substantial push to the market demand.
Low intensity sweeteners are majorly consumed by people highly focused on weight management and also among diabetic patients in order to maintain their insulin levels. These products do not contain carbohydrates, and as a result, do not heighten the blood sugar levels. The most sought-after low intensity sweetener in the market is xylitol as it is easily digestible and helps process low glycaemic index.
Many major brands work on channelizing their efforts on creating new products of higher quality and functions, in conjunction with aggressive R&D activities and deployment of modern manufacturing technologies. This results in the manufacturing of high-performance low intensity sweeteners of higher quality and more cost-effective. The brands also strive to bolster consumer knowledge about the toxic effects of regular sugar, offering products that adhere to the all the quality standards.
Segmental Review:
Category, type, and application are the major segments considered in the MRFR study of the low intensity sweeteners industry.
The low intensity sweeteners industry, depending on category, has been divided into natural as well as synthetic.
Different types of low intensity sweeteners sold in the worldwide market are xylitol, sorbitol, allulose, lactitol, and others. Sorbitol has used as not only a sweetener, but also as a humectant, diuretic dehydrating agent, and flavoring agent in several applications like pharmaceuticals, cosmetics & personal care items and food & beverages.
Low intensity sweeteners have applications in beverages, bakery & confectionery, sweet & savory snacks, dairy & frozen dessert, and others.
Regional Insight:
North America will be heading the low-intensity sweeteners industry from 2023 to 2030, in the wake of the escalating obesity rate and the number of diabetics in the United States. Most of the consumers prefer food items that have lower calories, in order to facilitate their weight management process. The evolving dietary patterns of the consumers further raises the demand for low-intensity sweeteners and will most likely have a remarkable impact on the North American market in the next few years.
Asia Pacific could expect to be the fastest developing industry in the following years, as the sales of low-intensity sweeteners in the region continues to boom. The strong sales are in response to the burgeoning population of health and fitness conscious consumers, preferring low-intensity sugars in their diet instead of regular sugars. In view of the consumer's rising interest, a large portion of the food processing industry in the region has started utilizing low-intensity sweeteners in majority of their products. Low intensity sweeteners also have widespread applications in a variety of baked products as well as confectionery items coupled with beverages. The rising applications in these segments will help catalyze the market growth in subsequent years.
Eminent Vendors:
Roquette Freres SA (France), Cargill Inc. (US), E.l. Du Pont de Nemours and Company (US), Mitsui (Japan), Matsutani Chemical Industry Co., Ltd. (Japan), Tate and Lyle (UK), Ingredion (US), NutraSweet Company (US), Südzucker AG (Germany), Purecircle (Malaysia), ZuChem Inc. (US), Food Chem International Corporation (Japan), Gulshan Polyols Limited (India), JK Sucralose Inc. (India), EcogreenOleochemicals (Singapore), are the major Key Low Intensity Sweeteners Market Players developers in the global industry.
Recent News:
September 2021: SQ USA, a reputed manufacturer of sugar & sugar alternatives has introduced three low intensity sweeteners, namely Xylitol, Refined D-Xylose, and L-Arabinose. This new line of sweeteners will be available at the lowest price, especially compared to its counterparts in the market. SQ USA believes that natural ingredients form the core of all the food products consumers intake and aim to offer the best low intensity sweeteners for not only people but animals as well.
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