NonThe non sugar sweeteners global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Non Sugar Sweeteners Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The non-sugar sweeteners market size has grown steadily in recent years. It will grow from $13.42 billion in 2023 to $13.94 billion in 2024 at a compound annual growth rate (CAGR) of 3.9%. The growth in the historic period can be attributed to increasing consumer awareness about the health risks, improved production techniques enhancing the quality, shift in consumer preferences, increasing research and development, and growth of low-calorie and sugar-free product lines.
The non-sugar sweeteners market size is expected to see steady growth in the next few years. It will grow to $16.49 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to increasing numbers of diabetic patients, increasing urbanization, rising demand for high-intensity sweeteners, increasing energy drink demand from athletes, rising demand for goods. Major trends in the forecast period include advancements in production techniques, the emergence of novel ingredients, technological integration for taste enhancement, customization and personalization, enhanced stability, and shelf life.
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Scope Of Non Sugar Sweeteners Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Non Sugar Sweeteners Market Overview
Market Drivers –
The increasing number of diabetic patients is expected to propel the growth of the non-sugar sweetener market going forward. Diabetic patients are individuals who are diagnosed with diabetes mellitus, a chronic metabolic disorder characterized by high blood sugar levels. The increasing number of diabetic patients is due to the high consumption of processed foods, sugary beverages, high-calorie diets, obesity, and the aging population. Non-sugar sweeteners provide sweetening options that promote calorie control, blood sugar regulation, and general well-being, which is a crucial contribution to the dietary treatment of diabetes. For instance, in December 2021, according to the International Diabetes Federation, a US-based intergovernmental organization, around 537 million adults in 2021 had diabetes, which is expected to increase to 643 million by 2030. Therefore, increasing numbers of diabetic patients are driving the growth of the non-sugar sweetener market.
Market Trends –
Major companies operating in the non-sugar sweeteners market are focusing on developing innovative products, such as natural sugar substitutes, to cater to the increasing demand for healthier, low-calorie alternatives. Natural sugar substitutes are sweeteners derived from natural sources that provide sweetness with fewer calories and a lower impact on blood sugar levels than regular sugar. For instance, in June 2023, Wisdom Natural Brands, a US-based company that manufactures healthcare products, launched two innovative natural sugar substitute product lines Indulge Zero Calorie Sweeteners and 50% Reduced Calorie Sugars. The indulge zero-calorie sweeteners offer a guilt-free sweetening option, perfect for those looking to reduce calorie intake without sacrificing sweetness. These sweeteners are made from natural ingredients and provide the same level of sweetness as sugar without any calories, making them ideal for weight management and blood sugar control. The 50% reduced calorie sugars line combines the natural taste of sugar with half the calories, offering a balanced solution for those seeking to lower their sugar consumption while still enjoying the familiar taste of sugar.
The non sugar sweeteners market covered in this report is segmented –
1) By Type: Artificial Non-Sugar Sweeteners, Natural Non-Sugar Sweeteners, Sugar Alcohols, Novel Sweeteners
2) By Sales Channel: Direct, Indirect
3) By Application: Food Industry, Diabetes Mellitus Treatment, Oral Care, Others Applications
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Regional Insights –
North America was the largest region in the non-sugar sweeteners market in 2023. The regions covered in the non sugar sweeteners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the non sugar sweeteners market are Cargill Incorporated, Archer Daniels Midland Company, Nestlé S.A., Wilmar International Limited, Asahi Group Holdings Ltd., DuPont de Nemours Inc., Ajinomoto Co. Inc., McNeil Nutritionals LLC, Celanese Corporation, Südzucker AG, Ingredion Incorporated, Tereos S.A., Roquette Frères, Döhler GmbH, B&G Foods Inc., Tate & Lyle PLC, Zydus Wellness, PureCircle Ltd., NutraSweet Company, Evolva Holding SA, Hermes Sweeteners Ltd., GLG Life Tech Corporation, Hunan NutraMax Inc., Matsutani Chemical Industry Co. Ltd.
Table of Contents
1. Executive Summary
2. Non Sugar Sweeteners Market Report Structure
3. Non Sugar Sweeteners Market Trends And Strategies
4. Non Sugar Sweeteners Market – Macro Economic Scenario
5. Non Sugar Sweeteners Market Size And Growth
…..
27. Non Sugar Sweeteners Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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