Rising Prevalence of Obesity and Diabetes Drives Market Demand
Doctors and health campaigns are pushing for the use of sugar-free sweeteners. Health experts and groups suggest healthier options instead of sugar pointing out the health dangers of eating too much sugar, like getting fat or developing diabetes. Public health programs are helping individuals to understand why it's good to cut down on sugar, which has led to more people wanting sugar-free sweeteners in stores.
Sweeteners Gain Popularity as Healthier Sugar Alternatives in Food and Beverages Industry
Growing market for substitute sweeteners as food and beverage companies meet consumer demands by including them in their products. This tendency reflects a wider shift towards promoting health and wellness through food choices. This approach is especially advantageous for those who have diabetes or want to lower their sugar consumption, promoting better eating habits and meeting the increasing need for drinks without sugar or with less sugar. Manufacturers can make beverages that satisfy consumers' sweet cravings while minimizing the effect on blood sugar levels through the use of low-calorie or non-caloric sweeteners like stevia, sucralose, or erythritol.
Recent Trends in the Sweeteners Industry
- Incorporating sweeteners into items with enhanced nutritional advantages.
- More stringent regulations on the labelling and health declarations of sweetener products.
- Modifying sweetener products to suit the preferences and eating habits of different regions.
- Growing consumer preference for sustainability-aligned products.
- Sweeteners are now created with functional advantages, such as enhanced digestive system.
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Strict Regulations that Lead to Product Recalls Ultimately Hamper the Market
Recalls of sweetener products can result in major impacts on manufacturers, retailers, and consumers. Recalls are usually triggered by contamination, mislabelling, or safety issues that make a product unfit for consumption. For instance, in May 2024, the Singapore Food Agency (SFA) announced a recall for two Xiyuguoyuan Xinjiang Paper Roasted Walnut items due to the discovery of cyclamate and high levels of acesulfame K. SFA stated that Cyclamate and acesulfame K are artificial sweeteners allowed as food additives but in specific quantities and for certain food items like soft drinks and canned fruits.
Rising Awareness About Health is Causing Companies to Collaborate for New Innovations in Sweeteners
Incredo, a food tech company, and Sucro Limited, a provider of market solutions for North American cane sugar, have revealed an extensive agreement for manufacturing and commercial distribution. Beginning in this month, Sucro will introduce Incredo sugar to its range of high-value specialty items, appealing to clients seeking to cut down on sugar in baked goods and sweets like cakes, snacks, cookies, candy, spreads, protein bars, and other products. The partnership between the two firms will enhance distribution options alongside Incredo's existing sales channels.
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Asia Pacific and North America are the Leading Region, Driving the Market Growth
Mexico has a significant chance to tap into the market for natural and artificial sweetener products. A significant portion of the population in the country is obese. The Mexican government's 10% increase in tax on sugary beverages demonstrates a firm dedication to reducing sugar consumption. Expectations are rise in purchasing power, the economy, and the number of urban homes. In developing nations, the need for artificial sweeteners is closely tied to these factors. For instance, in May 2024, Ingredion introduced a new PureCircle Clean Taste Solubility Solution made with stevia. The component is 100 times more dissolvable than Reb M stevia and allows for a complete elimination of sugar. A global consumer panel and thorough sensory testing show that it has superior taste compared to sucralose, aspartame, acesulfame potassium (Ace K), and all other stevia ingredients.
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Regions | Countries |
---|---|
North America | United States, Canada |
Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Central America Countries, Caribbean Countries, Rest of Latin America |
Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Poland, Netherlands, Switzerland, Belgium, Sweden, Austria, Norway, Denmark, Czech Republic, Rest of Europe |
Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Singapore, Malaysia, Philippines, Vietnam, Thailand, Bangladesh, Rest of Asia Pacific |
Middle East and Africa | GCC Countries, South Africa, Nigeria, Egypt, Turkey, Morocco, Ethiopia, Algeria, Israel, Iran, Iraq, Kenya, Rest of MEA |
Sweeteners Market Research Report Covers In-depth Analysis on:
- Sweeteners market detailed segments and segment-wise market breakdown
- Sweeteners market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in sweeteners industry)
- Current, historical and forthcoming 10 years market valuation in terms of sweeteners market size (US$ Mn), volume (Tons), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Sweeteners market demand analysis
- Sweeteners market pricing analysis over forecast period (by key segment and by region)
- Sweeteners market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in sweeteners market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in sweeteners market
- Sweeteners market sales and distribution strategies
- A comprehensive overview of parent market
- A detailed viewpoint on sweeteners market forecast by countries
- Mergers and acquisitions in sweeteners market
- Essential information to enhance market position
- Robust research methodology