The report “Low Intensity Sweeteners Market by Type (Sorbitol, Maltitol, Xylitol, D-Tagatose, Erythritol, Mannitol, Allulose), Application (Food, Beverages), Form (Dry, Liquid), and Region (North America, Europe, APAC, South America, & RoW)- Global Forecast to 2026″ is estimated at USD 2.9 billion in 2021; it is projected to grow at a CAGR of 4.6% to reach USD 3.6 billion by 2026.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=4777320
Low intensity sweeteners are being preferred by food & beverage manufacturers as well as consumers as it provides the same taste as sugar but with the benefit of low-calorie content. Consumers shifting toward a healthier lifestyle is a major factor driving the demand for low intensity sweeteners. They also have many functional characteristics, which makes them even more useful to be used in various applications such as beverages, confectionery, bakery products, dairy products, and pharmaceuticals. Several companies are taking an interest in this trend of sugar reduction and focusing on developing new low intensity products.
The research & development activities provide manufacturers with advanced technology and processes for producing low intensity sweeteners. The global market players are expanding their operations by setting up new facilities to develop cost-effective and more enriched solutions to cater to the requirements of the end-use industry like food & beverage and pharmaceutical. They are also updating their existing facilities with the latest technologies in order to gain a high market share. This is further intensifying the competition between players.
Sorbitol sub-segment in by type segment is estimated to account for the largest share in the low intensity sweetners market.
Sorbitol is a white, water-soluble six-carbon sugar alcohol (polyol), which is majorly derived from corn, seaweed, fruits, and berries. Sorbitol is primarily used as a sweetener, humectant, flavoring agent, and diuretic dehydrating agent for various applications such as food & beverages, pharmaceuticals, and cosmetics & personal care products. It provides dietary energy and approximately 60% sweetness as compared to sugar. The rising consumer awareness related to low-calorie and healthy food, along with the increasing health issues due to the consumption of sugar, are the major factors driving the demand for sorbitol.
In by application segment, the pharmaceuticals and personal care products sub-segment is projected to account for the fastest market growth in the low intensity sweetners market.
Low intensity sweeteners are used in crystallizing and non-crystallizing forms in syrups. In syrups, they act as a humectant, bodying agent, a stabilizer for vitamins & drugs, and a non-cariogenic sweetening agent. They act as good plasticizers and humectants, which make them applicable in non-fat soluble ointments, emulsion ointments, and gelatin capsules. The excellent spreading capacity makes it applicable in creams, ointments, and pastes. Low intensity sweeteners also find their applicability in personal care products such as mouthwashes and toothpastes. Thus due to their numerous applications in pharmaceutical and personal care products the segment is estimated to obser the fastest growth.
The dry sub-segment by form is projected to account for the largest market share of the low intensity sweetners market over the forecast period.
Low intensity sweeteners in the powdered/crystal form are most commonly used by manufacturers as these sweeteners are easier to use, and manufacturers are accustomed to using the powdered form of raw materials in food manufacturing processes as compared to the liquid form; therefore, dry low intensity sweeteners accounted for a larger market share. Though, powder/crystal low intensity sweeteners, such as allulose, are more expensive than liquid/syrup but have better properties which are beneficial to manufacturers.
Asia Pacific estrimated to witness the fastest growth in the global low intensity sweetners market over the forecast period.
Asia Pacific region is witnessing a drastic transformation regarding diet diversification, rapid urbanization, and liberal trade policies in the food sector. Furthermore, a rise in consumer awareness about health issues, an increase in the inclination of consumers toward health-benefiting food products, and a surge in income and purchasing power are the major factors driving growth for low intensity sweetener manufacturers in the region. The developing countries in the region, such as India and China, are witnessing a change in the lifestyles of consumers due to rapid urbanization and rising household incomes of the consumers. The South Asian and Pacific regions are witnessing a high risk with the prevalence of diabetes. The increase in incidences of diabetes is majorly attributed to lifestyle changes and physical inactiveness. Due to these factors, consumers in the region are making drastic changes in their diet and inclining toward low-calorie and sugar-free products. This creates high growth opportunities for manufacturers of low intensity sweeteners in the Asia Pacific region.
The key players in this market include Ingredion Incorporated (US), ADM (US), Anderson Advanced Ingredients (US), Tate & Lyle (UK), and Roquette Frères (France). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Address:630 Dundee Road Suite 430
State: IL 60062
Country: United States