The global low-calorie
sweeteners market is expected to exceed US$ 29 Bn by
2022 and expand at a CAGR of 4.7% during the assessment period
(2022-2032). Overall demand in the low-calorie sweeteners market is expected to
reach a valuation of US$ 46 Bn by the end of 2032.
Low-calorie sweeteners or artificial sweeteners are
substances used in place of sugar for processing food items in the food and
beverage industry. They are often added to food items in small quantities
because the sweetness they provide is more intense than that of table sugar
when compared. Some of the sweeteners approved by the United States Food and
Drug Administration include stevia, sucralose, aspartame, neotame, saccharin,
and advantame.
These sweeteners have been tested to be safe for
consumption. Of all the sweeteners approved by the US FDA, stevia is the only
naturally occurring sweetener. Aspartame is the only digestible, low-calorie
sweetener with zero-calorie produced. Aside from the application in the food
and beverage industry, low-calorie sweeteners also find applications in the
pharmaceutical industry where they are used in the production of oral care
products such as toothpaste and mouthwash.
They are also used in the production of sugar-free tablets
and syrups. Other industries where the services of low-calorie sweeteners are
employed include; dairy industry, bakery industry, and many others. Individuals
suffering from weight-related diseases like diabetes and obesity will prefer to
consume items with low-calorie sweeteners since the sweetness quotient in them
is low. Increasing demand for healthy food products coupled with growing population
size of diabetic or obesity patients is expected to fuel the growth of low
calorie sweeteners market over the forecast period.
Low Calorie Sweeteners Market Driven by Growing
Consumers’ Demand for Healthy Products
Due to the rise in awareness regarding the adverse effect of
consuming sugar or carbohydrate, there has been a surge in demand for
sugar-free food products, and this has in turn facilitated the food and
beverage industry to apply low-calorie sweeteners in the food they produce. Low
calorie sweeteners have a large number of health benefits such as prevention of
tooth decay, maintenance of blood sugar level, cholesterol reduction and shelf
life extension.
All these features of low calorie sweeteners are what is
driving the global low calorie sweeteners market forward. The market is
anticipated to grow significantly over the forecast period. Furthermore,
consumers’ changing lifestyle coupled with increasing disposable income are
factors anticipated to accelerate the growth of the global low calorie
sweeteners market.
Increasing Application in Various End-User Sector
End-user sectors such as the food and beverage industry, the
pharmaceutical industry, and many more often utilize low-calorie sweeteners to
produce their products. The food and beverage industry often use low-calorie
sweeteners in their production due to the health benefits associated with
consumption. Low-calorie sweeteners are used to produce low calorie or
sugar-free drinks and food items, which are mostly consumed by individuals with
diabetics, obesity, or high cholesterol.
In the pharmaceutical industry, low-calorie sweeteners are
used to manufacture drugs or supplements with little or no sugar. Since
low-calorie sweeteners occur in different forms such as liquid, tablet, powder,
and packets, they can be used in producing syrups or pellet drugs. Personal
care products, such as toothpaste and mouthwash, contain low-calorie
sweeteners. This diversity in the application is a force expected to drive the
market forward over the forecast period.
Low Calorie Sweeteners Market Restraint
The rise in demand for natural products over synthetic ones
is predicted to hamper the growth of the low-calorie sweeteners globally.
Low-calorie sweeteners market will witness a decline in growth as consumers
will make a switch. Besides, the high cost of low-calorie sweetener will affect
the market’s growth as consumers can’t afford it.
Low Calorie Sweeteners Market: Region-wise Analysis
North America and Europe dominate the global low-calorie
market after holding the largest market share. These regions will remain in
dominance due to the rise in the population size of consumers with health
issues.
The Asia Pacific is the fastest-growing market for
low-calorie sweeteners market. Rising population size, coupled with increasing
disposable income and consumers’ changing lifestyle, fuel the growth of
low-calorie sweeteners market within the region. It’s slated that the region will
record a healthy CAGR over the forecast period.
Low Calorie Sweeteners Market: Competitive Landscape
- Archer
Daniels Midland Company
- Cargill
Inc.
- NutraSweet
Property Holdings, Inc.
- Ingredion
Incorporated
- ZuChem
Inc
- E.
I. duPont de Nemours and Company
- Nova
Green Inc.
- Foodchem
International Corporation
- Cumberland
Packing Corp.
- Tate
& Lyle PLC.
Read More: https://www.futuremarketinsights.com/reports/low-calorie-sweeteners-market